Archives

Samsung Records Unexpected Profit Gain, Cites AI Boom's Impact on Chip Prices

Samsung Records Unexpected Profit Gain, Cites AI Boom's Impact on Chip Prices

Samsung estimated that it made a meteoric 15-fold rise in its second quarter operating profit, which it said was better than its expectations.


California Restaurants May Keep Charging Service Fees Despite New 'Junk Fee' Law

California Gov. Gavin Newsom signed a bill allowing restaurants to collect service charges despite SB 478, which shields consumers from "junk fees."

Walmart Faces Class Action Lawsuit in Illinois for Misleading and Unfair Pricing

Walmart faces a class action lawsuit alleging misleading and unjust pricing by charging customers more than required.

Philippines Demands $1 Million Payment from China over June 17 Incident

The Philippines demanded a payment worth $1 million in damages from China following an altercation in the South China Sea on June 17.


Latest News

Baltimore Business Offers to Sell Watches Using Pieces of Collapsed Bridge
Local watchmaker Tsao Baltimore recently acquired a portion of scrap metal that was once the Francis Scott Key Bridge in an effort to keep its memory alive.
Social Security Falls Short for Gig Workers' Retirement Needs—What's the Solution?
Social Security taxes alone are insufficient to provide gig workers with a secure retirement, prompting discussions on alternative strategies to ensure their financial stability in later years.
New Zealand Tourist, Wife of Businessman Doug McKay, Killed in Southern California Robbery
A New Zealand tourist, identified as the wife of prominent businessman Doug McKay, was tragically killed during a robbery attempt in Southern California.
China's BYD Launches Electric Vehicle Factory in Thailand, Expanding Regional Presence
BYD, China's largest electric vehicle maker, has opened its first factory in Southeast Asia in Thailand, marking a strategic move into the region's growing EV market supported by government incentives.
Germany Blocks Volkswagen Subsidiary Sale to China Over National Security Concerns
Germany has blocked the sale of MAN Energy Solutions, a Volkswagen subsidiary, to a Chinese firm due to concerns over national security, amidst escalating tensions with China over trade issues.
Saks Fifth Avenue's Parent Company HBC to Acquire Neiman Marcus for $2.65 Billion
HBC, the parent company of Saks Fifth Avenue, has announced a $2.65 billion acquisition deal with Neiman Marcus Group.
SNAP Benefits Overpayment Concerns Rise in States, FNS Releases New Data
According to data released by the US Food and Nutrition Service (FNS), several states are experiencing high rates of overpayments in SNAP benefits.
Forbes Names Elon Musk Biggest Loser as Net Worth Shrinks by $30 Billion in 2024
Forbes reports that Elon Musk's net worth has decreased by almost $30 billion this year, making him the biggest financial loser among billionaires, despite remaining the richest person on earth.
Dove’s ‘Real Beauty’ Leader Resigns Amidst Marketing Campaign Backlash
Dove's global chief marketing officer, Alessandro Manfredi, announced his departure from Unilever after two decades, citing product backlash from controversial marketing campaigns.
HONG KONG-THEME-WEALTH
Italian authorities have ordered luxury fashion giants Dior and Armani to court after allegedly exploiting migrant workers earning as little as $2 an hour to produce high-priced handbags.