News

(SOURCE- The New York Times) Japan's economic woes deepen as weak domestic consumption triggers an unexpected contraction, pushing the nation into a recession and causing it to slip from the world's third-largest economy to the fourth, trailing behind Germany. The Cabinet Office revealed that Gross Domestic Product (GDP) contracted at an annuali…

In a recent report, the Commerce Department highlighted a significant decline in consumer spending for January, sparking concerns about potential economic implications. According to the Census Bureau, advance retail sales fell by 0.8% in the first month of the year, following a downwardly revised 0.4% gain in December. While economists surveyed by …

On February 15, 2024, Coinbase Global Inc. (NASDAQ: COIN), a renowned cryptocurrency exchange platform, submitted its annual 10-K filing with the Securities and Exchange Commission (SEC). Established in 2012, Coinbase has become a trusted gateway for retail investors and institutions entering the cryptocurrency market. The 10-K provides a comprehen…

Ambitious Plans to Reshape Semiconductor Industry OpenAI's CEO, Sam Altman, is embarking on an ambitious quest to secure trillions of dollars in funding to revolutionize the global semiconductor industry. According to the Wall Street Journal's report on Thursday, Altman has engaged in discussions with potential investors, including the UAE gover…

In a major development, Google has revealed its latest artificial intelligence (AI) model, Gemini, set to be integrated into a new web portal, chatbot, and selected applications. Boasting superiority over OpenAI's GPT-4 on 30 out of 32 common performance benchmarks, Gemini Ultra, the largest of Google's Large Language Models (LLMs), is set to be a …

Niantic, the company behind popular augmented reality (AR) games like Pokémon GO, has made a strategic move by joining the Overture Maps Foundation as a Contributor Member. This collaboration allows the Overture Foundation to tap into Niantic's extensive catalog of 3D scans and Points of Interest (POIs) submitted by Pokémon GO Trainers. In return, …

LastPass app, a prominent password manager, recently uncovered a concerning security breach as a counterfeit application posing as the popular password manager managed to infiltrate Apple's tightly regulated iOS App Store. The deceptive app, named "LastPass Password Manager" and supposedly created by an entity identifying as Parvati Patel, aimed to…

(Source-The-National-Herald) In a report released on Friday, the U.S. government revealed that the Federal Reserve's preferred inflation measure experienced a further cooling trend in the previous month. This decline in inflation comes amid a robust and continuing economic expansion, a development likely to be well-received at the White House, e…

Cocoa Prices Surge to Unprecedented Heights Global cocoa prices have reached an unprecedented peak, hitting a record high due to adverse weather conditions in West Africa. On the New York commodities market, cocoa prices surged to a new all-time high of $5,874 (£4,655) per ton, marking a substantial increase since the beginning of the previous y…

(Source-Seeking-Alpha) Competitive Pressures and Market Share Erosion In a challenging landscape for fintech companies, PayPal (NASDAQ: PYPL) finds itself grappling with multiple setbacks. Competitors, notably Apple, are encroaching on its market share, intensifying the struggle for dominance in the digital payments realm. This intensified co…