Uber launched a new US shuttle service and expanded its partnership with Costco to attract budget-conscious consumers amidst Lyft's competition.
Sectors
Dollar Slides to Multi-Month Lows as Slower US Inflation Increases Rate Cut Expectations
The US dollar tumbled to multi-month lows on Thursday following a slowdown in US core inflation, which was its slowest pace in three years.
Visa to Change Credit, Debit Card Operations in US
Visa has implemented sweeping changes on how its credit and debit cards are used in the United States through the introduction of a single physical card that could be connected to multiple bank accounts.
Revolutionizing Contract and Asset Management: How Revnue Is Redefining Operational Efficiency
The complexities surrounding contract management, asset tracking, and service optimization have created significant hurdles for enterprises worldwide. Enter Revnue, an innovative solution spearheaded by industry veterans Sunny Sharma, John Cortez, and Sean Stanton. With a collective wealth of experience accumulated over decades in various technology leadership roles, they have embarked on a transformative mission to redefine the landscape of contract management and operational efficiency.
China Considers Buying Millions of Unsold Homes Amid Real Estate Crisis
China mulls purchasing surplus homes amid real estate crisis. The proposed plan involves state-owned enterprises acquiring distressed properties
Latest News
Wall Street hits record highs as US inflation slows to 3.4%, sparking optimism among investors, although concerns linger about potential consumer spending gaps amid weaker-than-expected retail sales growth.
Gasoline prices surged in April, driving up consumer prices, while overall inflation eased; the national average for gas stood at $3.61 per gallon on Wednesday, down $0.02 from the previous month but up by over $0.40 since the start of the year.
Meta has decided to shut down its Workplace app to focus on AI and metaverse technologies. This move aligns with CEO Mark Zuckerberg's push for long-term investor patience amidst stock declines triggered by increased AI investment and slower sales growth.
Amazon is expanding its advertising strategy by introducing ads on its Prime Video streaming service. The company aims to generate $3 billion in revenue and compete with traditional media giants.
Russian President Vladimir Putin's upcoming visit to China aims to strengthen bilateral ties. Three key objectives on his agenda are securing a deal for the Power of Siberia 2 pipeline, increasing Chinese support for the conflict in Ukraine, and accessing Chinese financial markets.
North Korea laundered $147.5 million in stolen crypto in March, according to the UN. North Korea reportedly laundered $147. 5 million via the virtual currency platform Tornado Cash in March after allegedly stealing it from a cryptocurrency exchange in 2023.
The US has imposed sanctions against a Russian businessman, and three companies based in Russia allegedly used in a scheme to evade US sanctions connected to Russian tycoon Oleg Deripaska.
Samsung is rumored to limit its offering for its Galaxy Z Fold 6 for the summer version of Galaxy Unpacked this year.
Walmart's position as America's top retailer is in jeopardy following the announcement of significant layoffs and the mandate for remote employees to return to the office, signaling potential internal struggles and increased competition.
