Nike, the athletic apparel maker, faced a significant setback as its shares plummeted on Friday following a downward revision of its revenue outlook for the fiscal year. This unfortunate news also impacted sneaker retailer Foot Locker, which heavily relies on Nike products in its stores. While Nike experienced a decline of more than 10%, Foot
The Biden administration is ramping up its efforts to hold Russia accountable for its invasion of Ukraine in February 2022. On Friday, President Joe Biden will sign an executive order that empowers the United States to impose sanctions on financial institutions that aid Russia in evading existing sanctions. U.S. Treasury Secretary Janet Yellen announced this
Anthropic, the emerging market rival to OpenAI, is making waves in the industry with its groundbreaking advancements in chatbot technology. Founded in 2021 by ex-OpenAI employees, Anthropic is now in talks to raise a massive $750 million funding round, led by Menlo Ventures. This funding round is projected to value Anthropic at an astonishing $18.4
In a landscape dominated by streaming giants like Netflix and Amazon Prime Video, Apple TV+ has emerged as a formidable contender. Apple’s foray into the world of streaming content has been met with both critical acclaim and audience adoration. Recent reports indicate that Apple TV+ is making significant strides in terms of viewership, with several
Cryptocurrency exchange Coinbase has recently acquired registration with the French markets regulator, a significant development that allows the company to enhance its services in another key European market. This approval signifies a green light from France’s AMF watchdog for Coinbase to operate digital currency services within the country. The VASP registration obtained by Coinbase enables
In a groundbreaking decision, the European Court of Justice (ECJ) ruled on Thursday that UEFA has been “abusing a dominant position” in its control of European football. This ruling is a game-changer for the Super League project and its backers, A22 Sports, who argued that UEFA’s prohibition of the competition and its threatened punishments for
In an extraordinary case of securities fraud, an ex-convict from North Carolina, James Patten, pleaded guilty to conspiring to manipulate the stock of Hometown International. This company, despite owning just one small money-losing deli in southern New Jersey, had a market capitalization that once reached $100 million. Patten also admitted to conspiring with two other
The Vivo X100 series has gained popularity in the market since its launch in China. With the Vivo X100 and Vivo X100 Pro already making waves, Vivo is rumored to introduce a new model, the Vivo X100 Pro+. This upcoming smartphone is expected to bring significant improvements over its predecessors, featuring a Samsung display with
The automotive industry in the United States is poised for a slight increase in new vehicle sales in 2024. After grappling with the impact of the COVID-19 pandemic and supply chain disruptions, the sector is gradually normalizing. Forecasts from leading automotive data firms project a year-over-year growth rate of between 1% and 4%, resulting in
In a recent study conducted by Penn Medicine and published in the American Journal of Preventive Medicine, it was found that women who scheduled their own mammograms were more likely to complete the screening process. This finding highlights the importance of patient autonomy in healthcare. By allowing women to take control of their own health