Oil prices fell 1% on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August boosted the supply outlook. Brent crude futures fell 66 cents, or 0.97%, to $67.11 a barrel by 0031 GMT, ahead of the August contract’s expiry later on Monday. The […]
Recent analysis from Goldman Sachs suggests that tariffs alone will not significantly enhance U.S. manufacturing productivity. Instead, the focus should shift towards increased automation and the integration of artificial intelligence (AI) in factory operations. The U.S. has been experiencing a slowdown in manufacturing, partly due to heightened competition from China and a broader decline in […]
Hims & Hers, a prominent telehealth company, faced significant challenges following the abrupt termination of its partnership with Novo Nordisk, the maker of the popular weight-loss drug Wegovy. The Danish drugmaker accused Hims & Hers of endangering patient safety through deceptive marketing and selling a counterfeit version of Wegovy. In response, Hims & Hers claimed […]
Intel’s top strategy executive, Safroadu Yeboah-Amankwah, is departing the company this month, marking another significant change since Lip-Bu Tan assumed leadership in March. Intel confirmed the departure, expressing gratitude for Yeboah-Amankwah’s contributions and wishing him well in his future endeavors. Yeboah-Amankwah, who has served as Intel’s chief strategy officer since 2020, is set to leave […]
Many major companies are requiring employees to return to the office full or part-time. Business Insider compiled a running list of the companies calling employees back. The list includes companies like JPMorgan, Starbucks, and Amazon. As we reach the half-way point in the year, 2025 has seen the return-to-office push continue to expand. The effort […]
AI remains the dominant trend in technology, with no signs of slowing down. Major tech companies like Microsoft, Google, Meta, and Amazon continue to introduce new AI-powered features. Keeping track of the various players in the AI space can be challenging. Here’s a breakdown of the key AI companies and their contributions: OpenAI/Microsoft OpenAI, backed […]
Nvidia’s remarkable turnaround is driven by robots, hyperscalers, and sovereign AI. Nvidia (NVDA) is experiencing a surge in AI enthusiasm, propelling its stock price to new heights after a challenging start to the year due to concerns over new AI models from China and tariff threats. On Friday, Nvidia’s shares reached $157, up from $94 […]
US energy firm EQT has agreed to settle a class action lawsuit for $167.5 million. The lawsuit was filed by investors who alleged that EQT overstated the benefits of its $6.7 billion merger with Rice Energy in 2017. The settlement, detailed in a federal court filing by the plaintiffs, marks the largest securities class action […]
Several major brands, including Nike, Walmart, Shein, and others, have announced plans to raise prices in response to President Donald Trump’s tariffs. These companies cite increased costs due to tariffs as the primary reason for the price hikes. Nike, for instance, plans to implement a “surgical price increase” starting this fall to offset an expected […]
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