News

Retail Turnaround Gains Momentum Gap Inc. has reported a significant earnings boost, impressing Wall Street and reinforcing the company’s ongoing turnaround. Chief Executive Officer Richard Dickson highlighted the retailer’s progress, stating that all four of its brands—Gap, Old Navy, Banana Republic, and Athleta—are gaining market share despite…

Nvidia’s Expanding Role in AI-Driven Healthcare Nvidia, a leading name in artificial intelligence (AI) and semiconductor technology, is setting its sights on the healthcare industry, which it estimates as an AI-driven market worth over $100 billion. The company has been making significant advancements in AI applications tailored for the medical …

Senate Moves to Roll Back Consumer Protection Regulations The Senate votes to overturn regulations that previously granted the Consumer Financial Protection Bureau (CFPB) the authority to supervise digital payment platforms, including those operated by major technology companies such as PayPal, Google, and Apple. The 51-47 vote, largely divided …

Introduction of the 'Insights' Tool and Editorial Changes The Los Angeles Times has unveiled a new AI-powered tool, "L.A. Times Insights," designed to analyze the political viewpoint of select articles. The tool, announced by the newspaper’s owner and executive chairman, Dr. Patrick Soon-Shiong, aims to provide readers with a clearer understandi…

Market Selloff Amid Tariff Uncertainty Global financial markets experienced a significant downturn following the announcement of new trade tariffs, which sparked fears of an escalating trade dispute that could slow economic growth. Asian stocks plummeted to their lowest level in a month after the U.S. confirmed that tariffs on key trading partne…

Hiring Trends and Economic Indicators The U.S. labor market is expected to show moderate job growth in February, reflecting a cautious hiring landscape amid government spending reductions and consumer spending slowdowns. According to economists surveyed by Bloomberg, payrolls likely increased by 160,000 in February, a slight uptick from January'…

Advancing AI and Machine Perception Meta has unveiled the latest version of its experimental smart glasses, the Aria Gen 2, designed to support research in artificial intelligence, robotics, and machine perception. These smart glasses serve as tools for academic and commercial research institutions, aiding in the development of advanced sensor s…

Strong Financial Performance in Fourth Quarter and Full Year 2024 SoundHound AI, Inc., a global leader in voice artificial intelligence, has announced record-breaking financial results for the fourth quarter and full year of 2024. The company reported an impressive 101% year-over-year increase in revenue, reaching $34.5 million in Q4. For the fu…

FBI Calls for Help in Crypto Laundering Case The Federal Bureau of Investigation (FBI) has urged the cryptocurrency industry to assist in tracking and preventing the laundering of $1.5 billion stolen from Bybit by North Korean-linked hackers. In a public service announcement on Wednesday, the FBI disclosed a list of Ethereum addresses that have …

Financial Setback and Recovery Plans Global automotive powerhouse Stellantis projects revenue growth in 2025 following a significant decline in earnings for the past year. The company, which oversees well-known brands such as Jeep, Dodge, Fiat, Chrysler, and Peugeot, reported a full-year net profit of 5.5 billion euros ($5.77 billion) for 2024—a…