News

Extended Compensation for PlayStation Plus Subscribers Sony has announced that PlayStation Plus members will receive an automatic five-day extension on their subscriptions following a widespread PlayStation Network (PSN) outage. This information was shared via the official Ask PlayStation support account on the social media platform X. The comp…

Economic Challenges Impacting Business Confidence A new report from the Fraser of Allander Institute at the University of Strathclyde highlights growing concerns among Scottish businesses about the economic outlook for 2025. The latest Scottish Business Monitor, based on a survey of over 300 firms conducted between December 2024 and January 2025…

Disney’s Strong Financial Performance The Walt Disney Company posted impressive first-quarter earnings, largely driven by the box-office success of Moana 2. Originally intended as a streaming series, the animated film’s theatrical release exceeded expectations, breaking the Thanksgiving opening record. Disney reported a net income of $2.55 billi…

Amazon’s Upcoming Product Event Amazon has scheduled a product event in New York City on February 26th. The event will focus on significant updates to Alexa AI, Amazon's digital assistant. A company spokesperson confirmed that the event will focus on news from the Alexa team, with Panos Panay, Amazon’s senior vice president of devices and servic…

Bipartisan Effort to Limit Interest Rates Senators Bernie Sanders (I-Vt.) and Josh Hawley (R-Mo.) have introduced a bill aimed at capping credit card interest rates at 10%. This move marks a rare collaboration between the two lawmakers, who often hold differing political views. Credit card interest rates, the fees charged by issuers when bala…

Rising Costs on Consumer Electronics and Auto Parts A newly imposed 10% tariff on Chinese imports is expected to increase costs for a wide range of consumer goods, including electronics, household supplies, and automotive parts. The tariff, which took effect on Tuesday, affects products manufactured in China and shipped to the United States. The…

European Markets React to U.S. Tariffs European stock markets opened sharply lower on Monday as U.S. trade tariffs sent ripples through global markets. The pan-European Stoxx 600 index fell by 1.34% at 8:30 a.m. London time, with all major sectors registering losses. Among the hardest hit were the automobile and technology sectors. The Stoxx 600…

Huang’s Use of AI in Daily Tasks Jensen Huang, CEO of Nvidia Inc., has embraced artificial intelligence (AI) to streamline his workflow. At a recent Wired event, Huang revealed that he relies on AI chatbots to assist in drafting his speeches and documents. Nvidia, a leading company in high-performance computing and AI chip production, plays a pi…

US Economy Shows Resilient Growth in 2024 The US economy continued to show strength in 2024, growing by 2.5% over the past year, according to new figures released by the Commerce Department. The data compares the fourth quarter of 2024 to the same period in 2023, showcasing strong consumer spending and a solid labor market as key drivers of grow…

Strong Earnings Performance Amid iPhone Sales Dip Apple Inc. (AAPL) exceeded Wall Street’s earnings expectations for its fiscal first quarter, driven by robust growth in its services division, despite a slight decline in iPhone sales. The Cupertino-based tech giant reported earnings of $2.40 per share on revenue of $124.3 billion for the quarter…