US Treasury Tags Bitcoin “Digital Gold” in Recent Report
The United States Treasury recently emphasized the rapid expansion of Bitcoin in recent years, referring to it as “digital gold.”…
Retail Outages Hit Second Week
The disruption to Blue Yonder’s clients is still ongoing, nearly two weeks after the outage first occurred, as a result of a ransomware…
Meta Hires Clara Shih to Lead Business AI Group
According to a LinkedIn post from Shih on Tuesday, Meta has appointed Salesforce’s CEO of AI, Clara Shih, to oversee a new organization…
TSMC Halts Advanced Chip Shipments to Chinese Firms
TSMC has reportedly suspended shipments of advanced chips to Chinese companies, marking a significant shift in its business operations amid…
Klarna Prepares to Oust Another Board Member
Klarna, the buy-now-pay-later company based in Stockholm that is very close to going public, is still changing its board The FT says seven…
US Buys 6 Million Barrels of Oil Reserve
On Monday, the Department of Energy said that the US bought 6 million barrels of oil for the Strategic Petroleum Reserve The oil will be…
Peloton Adds $95 Activation Fee for Used Equipment
In a shareholder letter that was published on Thursday, Peloton delineated its ongoing approach to regaining its financial stability It…
India’s Trade Minister Slams E-commerce, Amazon Pricing
On Wednesday, India’s Commerce Minister Piyush Goyal voiced concerns about the rapid expansion of e-commerce, cautioning that it may disrupt…
Cisco to Cut Thousands More Jobs in Latest Layoffs
In a second round of redundancies this year, Cisco, a U.S. networking equipment manufacturer, will eliminate thousands of positions as it…
Rediff Sells Majority Stake for $3M
Infibeam Avenues, a payments infrastructure firm, has acquired a majority 54% stake in Rediff.com for a potential $3 million This is a…
Musk Says Any Trump EV Cutbacks Would Hurt Rivals More Than Tesla
Tesla CEO Elon Musk warned Tuesday that Donald Trump’s probable withdrawal of support for electric vehicles will impact other automakers…
Tesla to Report Q2 Earnings Tuesday; Investors Seek Robotaxi Update
Tesla will report Q2 earnings Tuesday, with investors eager for updates on its robotaxi, humanoid robots, and CEO Elon Musk’s priorities Tesla…
Swiggy’s Minis Service Becomes Link-in-Bio for Small Businesses
Swiggy Minis, an Indian food delivery and quick commerce startup, is restructuring one of its lesser businesses Swiggy Minis, a Shopify…
Ocado Gets Boost From Kroger’s Tech Order
Ocado announced on Monday that Kroger, its U.S. partner, had ordered a variety of new automated technologies for its warehouses Ocado’s…
Global Cyber Outage Grounds Flights, Disrupts Businesses
On Friday, major U.S. airlines issued a ground halt due to communications concerns, while other carriers, media corporations, banks, and…
Smartphone Market Grows 6.5% in Q2, Led by Samsung, Apple
Samsung Electronics and Apple drove 6.5% growth in global smartphone shipments in the second quarter, provisional IDC data showed on Monday…
Spot Bitcoin ETFs See Highest Flow in 5 Weeks
The BlackRock and Fidelity Bitcoin ETFs saw the most inflows, totaling $310 million Grayscale experienced a rare inflow day, with $23 million.…
China’s E-Commerce Price War Leaves Sellers Struggling
Chinese e-commerce sellers are struggling as sales growth slows, pricing pressure intensifies, and shopping platforms compete with more…
WhatsApp: Businesses Can Send Auth Codes to Indian Users
WhatsApp now allows businesses to send authentication and login codes to Indian users via its API, since July 1 Last year, Meta enabled…
Alstom Secures $3B Metro Trains Supply Contract in Hamburg
Alstom secures a 2.8 billion euro ($3.0 billion) contract to deliver 374 metro trains and rail technology for Hamburg’s Hochbahn,…