Gold Prices
Gold Prices Surge to Record Highs: What’s Driving the Boom?
Since the beginning of 2024, gold prices have been on a steady rise, repeatedly reaching new highs.
Tesla FSD System
Tesla FSD System Sparks Safety Concerns Again as U.S. NHTSA Launches Investigation
Recently, the U.S. National Highway Traffic Safety Administration (NHTSA) announced the launch of an investigation into Tesla's "Full Self-Driving" (FSD) system.
Meta
Meta Conducts Layoffs Impacting WhatsApp, Instagram, and Reality Labs
On October 17, 2024, according to ‘The Verge’, Meta has initiated a round of layoffs across several departments, including WhatsApp, Instagram, and Reality Labs.
7-Eleven
7-Eleven's Parent Company to Close Over 400 North American Stores as Consumer Spending Weakens
7-Eleven announced plans to close more than 400 stores in North America due to continued weak consumer spending in the region.
Oppo
Oppo Intensifies AI Investment and Expands Global Market Presence
Chinese smartphone company Oppo is accelerating its focus on artificial intelligence (AI), actively collaborating with global tech giants like Google and Microsoft.
Boeing
Boeing to Raise $21 Billion in One of the Largest Public Stock Offerings Amid Ongoing Strikes and Financial Losses
U.S. aerospace giant Boeing announced its plan to raise at least $21 billion through a large-scale stock issuance, one of the largest in public company offerings.
OpenAI
OpenAI Abandons Plans to Build Chip Factories, Focuses on In-House AI Chip Design
With the increasing demand for artificial intelligence, OpenAI is seeking to break its reliance on expensive graphics processing units (GPUs).
xAI
Elon Musk’s xAI Eyes $40 Billion Valuation Amid New Funding Round
xAI, an artificial intelligence company founded by Tesla CEO Elon Musk, is in talks with investors for a new round of financing that could see the company valued at up to $40 billion.
ADQ
Abu Dhabi's ADQ Acquires Minority Stake in Sotheby’s in $1 Billion Deal to Boost Growth and Innovation
Abu Dhabi-based sovereign wealth fund and investment holding company ADQ has announced a "definitive agreement" to acquire a minority stake in the renowned global auction house Sotheby’s, with the deal valued at approximately $1 billion.
BYD Surpasses Tesla
BYD Surpasses Tesla in Revenue as Global Competition in the New Energy Vehicle Market Intensifies
The competitive landscape of the new energy vehicle (NEV) sector recently intensified, with two major players vying for dominance.
Dalian Wanda Group
Dalian Wanda Group Sells Sunseeker Yachts for £160 Million
A subsidiary of Dalian Wanda Group has sold its stake in the well-known British yacht manufacturer Sunseeker International Ltd.
Estée Lauder
Estée Lauder Withdraws Full-Year Forecast for Fiscal 2025 Amid Market Uncertainty, Leading to Sharp Stock Drop
U.S. cosmetics giant Estée Lauder announced on October 31 that it would withdraw its full-year outlook for fiscal 2025 and lower its performance expectations for this year.
China’s Wealthiest Person
TikTok founder Zhang Yiming Becomes China’s Wealthiest Person, Topping the Hurun China Rich List for the First Time
The 2024 Hurun China Rich List has just been released, with 41-year-old ByteDance founder Zhang Yiming reaching the top for the first time, becoming China’s new wealthiest individual with a total fortune of RMB 350 billion.
HSBC
HSBC Holdings Releases Q3 2024 Financial Report, Reports Revenue Growth and Announces Business Restructuring Plan
HSBC Holdings plc recently released its earnings report for the third quarter of 2024, showing an increase in revenue and profit over the first nine months of this year.
Apple
Apple Expands Manufacturing in India to Further Reduce Dependence on China
Apple exported nearly $6 billion worth of iPhones from India in the six months, marking a one-third increase compared to the same period last year.
WeRide
Bloomberg Report: Guangzhou-based Autonomous Driving Technology Company WeRide Restarts U.S. IPO, Plans to Raise up to $119.4 Million
WeRide has restarted its U.S. IPO, aiming to issue 6.452 million American Depositary Receipts.
Celebrity Bait
Meta Reinstates Facial Recognition to Combat "Celebrity Bait" Scam Ads
On October 22, 2024, Reuters reported that Meta Platforms Inc. (META.US) announced it is re-testing its facial recognition service to address scam ads using celebrity images.
Coca-Cola
Coca-Cola Releases 2024 Q3 Earnings Report: Adjusted EPS Exceeds Expectations, Price Increases Offset Weak Demand
Global beverage giant Coca-Cola recently released its 2024 Q3 earnings report, showing results that exceeded market expectations.
Apple Card
US Regulators Fine Apple and Goldman Sachs $89 Million, Exposing Violations in Apple Card Operations
The U.S. Consumer Financial Protection Bureau (CFPB) has fined Apple and Goldman Sachs a combined $89 million over multiple violations related to the launch and operation of the Apple Card.
Boeing Strike Continues
Boeing Union Rejects 35% Pay Raise Tentative Agreement, Strike Continues
The strike at Boeing’s commercial airplane production facility on the U.S. West Coast remains unresolved.
Tesla & Warner Bros. Discovery
Tesla and Warner Bros. Discovery Sued Over Copyright Issues Related to ‘Blade Runner 2049’
Recently, Tesla and its CEO Elon Musk, along with Warner Bros. Discovery, have been sued by ‘Blade Runner 2049’ production company Alcon Entertainment over alleged copyright infringement.
Microsoft
Microsoft to Launch Copilot for Building Custom AI Agents, Challenging Salesforce
Microsoft (MSFT.US) announced a significant initiative at its "AI Tour" event in London, allowing businesses to create their own autonomous AI agents within its customizable platform, Copilot Studio.
Nike, NBA, WNBA
Nike, NBA, and WNBA Announce 12-Year Partnership Extension
Nike, the NBA, and the WNBA announced a 12-year partnership extension, solidifying their global collaboration until 2037.
Lufthansa
Lufthansa Fined Record $4 Million by U.S. for Denying Boarding to 128 Jewish Passengers
Germany's largest airline, Lufthansa, was fined a record $4 million by the U.S.
Russia’s Fine Against Google
Russia’s Fine Against Google Reaches Staggering Amount, Exceeding Global GDP
According to foreign media reports, the Russian government’s fines imposed on tech giant Google have reached an astounding 35-digit figure—approximately $20,000,000,000,000,000,000,000,000,000,000.
Eurozone Inflation
Eurozone Inflation Rebounds to Target Level, Supporting Expectations for ECB Rate Cuts
Data released by Eurostat on Thursday showed that the Eurozone inflation rate rose to 2.0% in October year-over-year, up from 1.7% in September and exceeding analysts’ expectations of 1.
Commodity Markets Outlook
World Bank Predicts Global Commodity Prices Could Reach Five-Year Lows by 2025
The World Bank released its latest ‘Commodity Markets Outlook’, offering forecasts for global commodity prices.
Indian News Agency ANI
India's News Agency ANI Sues Wikimedia Foundation, Potentially Impacting Wikipedia’s Global Operations
India’s largest news agency—Asian News International (ANI)—filed a lawsuit in the Delhi High Court, accusing the Wikimedia Foundation of defamation.
Brazilian Faces Intense Exchange Rate Fluctuations
Market Concern as Brazilian Real Faces Intense Exchange Rate Fluctuations
Amid growing global economic uncertainty, the Brazilian Real (BRL) has faced notable fluctuations, drawing widespread market attention.
KKR & ECP
KKR and ECP Invest $50 Billion to Drive Data Center Development, Address AI Energy Demand
One of the world’s largest investment firms, and private equity firm Energy Capital Partners (ECP) have announced a joint investment of $50 billion in data centers and power generation projects.
U.S. Restrictions
U.S. Announces New Restrictions: Tightens Control Over High-Tech Investments in China
On October 28, 2024, the U.S. government announced further restrictions on American businesses and individuals investing in China’s semiconductor, artificial intelligence (AI), and quantum technology sectors.
Russian
Russian Central Bank Raises Interest Rate to 21%, Reaches Historic High to Combat Inflation
The Central Bank of Russia announced on October 25 that it has raised its key interest rate from 19% to 21%, marking a record-high level since the policy’s introduction in 2013.
Volkswagen
Volkswagen Plans to Close Several German Factories in Response to Challenging Market Conditions
The chairman of Volkswagen Group’s union has disclosed that management has decided to close at least three factories in Germany.
Foreign Capital Exodus
Foreign Capital Exodus, Indian Stock Market Plummets 7% in a Month
Over the past month, India's stock market has faced a significant downturn, with the benchmark NIFTY index falling approximately 7% from its historic peak.
Zimbabwe
Zimbabwe's New Gold-Backed Currency ZiG Faces Severe Challenges
On April 5, 2024, the Reserve Bank of Zimbabwe released its “2024 Monetary Policy Statement,” announcing the introduction of a new national currency, the ZiG, and the elimination of the old Zimbabwean dollar.
Cuba
Cuba’s Power System Collapse Leaves Millions Facing Power and Water Shortages
Recently, Cuba has been struck by an unprecedented power crisis, with the national grid repeatedly collapsing and causing four consecutive country-wide blackouts, leaving millions in a dire state without power and water.
UK Labour Party
UK Labour Party Releases First Autumn Budget: Significant Tax Increases to Drive Fiscal Rebalancing
UK Chancellor Rachel Reeves introduced a series of tax increases and adjustments to public spending in the Labour Party’s first budget since taking office.
NVIDIA
NVIDIA Surpasses Apple in Market Cap, Becomes World’s Most Valuable Company
According to data released by the London Stock Exchange Group (LSEG), NVIDIA’s market capitalization briefly reached $3.53 trillion on October 25, slightly higher than Apple’s $3.52 trillion, making it the world’s most valuable company.
Alibaba
Alibaba to Settle U.S. Class Action Lawsuit with $433.5 Million Payment
Alibaba Group announced it has agreed to pay $433.5 million to settle a shareholder class-action lawsuit filed in the United States.
Cuba
Cuba's Power System in Crisis: Nationwide Blackout Amid Complex Energy Situation
Cuba’s Antonio Guiteras Thermoelectric Power Plant experienced a sudden malfunction, causing the plant to cease operations and severely impacting the national power grid.
UK
UK Inflation in September Falls to Lowest in Nearly Three Years, Raising Hopes of Rate Cuts
It is the first time since April 2021 that inflation has dropped below the Bank of England's 2% target.
Global Public Debt
IMF Warns Global Public Debt to Surpass $100 Trillion, Urges Urgent Policy Action to Stabilize Fiscal Pressure
According to the IMF report, by 2030, global debt is projected to approach 100% of GDP.
Baltimore Bridge Collision
U.S. Department of Justice Announces Settlement for Baltimore Bridge Collision: Shipowner and Operator to Pay $102 Million
The company owning and operating the cargo ship that destroyed the Francis Scott Key Bridge in Baltimore had agreed to pay nearly $102 million.
IMF World Economic Outlook report
IMF Lowers Global Economic Growth Forecast, Warns of Geopolitical and Economic Risks
The International Monetary Fund (IMF) released the latest update to its World Economic Outlook report.
Tesla
Tesla’s Q3 Earnings Exceed Expectations, Stock Posts Largest Single-Day Gain in a Decade
Tesla’s stock surged 21.92% by the close of U.S. markets on Tuesday, marking its largest single-day gain since May 2013.
TreeHouse Foods
TreeHouse Foods Issues Emergency Recall of Over 500 Frozen Waffle Products Due to Possible Listeria Contamination
TreeHouse Foods has announced an urgent recall of more than 500 frozen waffle products due to potential contamination with Listeria monocytogenes.
Free Contraceptives for Women
Biden Administration Introduces New Rule: Free Contraceptives for Women with Private Health Insurance
Providing women who purchase private health insurance with free access to over-the-counter (OTC) contraceptives and other contraceptive devices.
Antibiotic Resistance
Antibiotic Resistance Threatens Global Health, Expected to Cause Millions of Deaths by 2050
Antimicrobial drugs are a vital cornerstone of modern medicine, but the increasing prevalence of antibiotic resistance has become a significant global public health threat.
Popular weight-loss drugs
An FDA investigation reveals quality issues at a key Novo Nordisk factory, impacting popular weight-loss drugs
Quality control issues in the production of the active ingredients for the weight-loss drugs Ozempic and Wegovy.
E. Coli Contamination
E. Coli Contamination in McDonald's Burgers Across Multiple U.S. States Infects 75 People
U.S. health officials reported an outbreak of E. coli contamination in “Quarter Pounder” beef burgers sold at select McDonald's restaurants.
H5N1 Avian Flu Infection in Pigs
U.S. Detects First Case of H5N1 Avian Flu Infection in Pigs
The U.S. Department of Agriculture announced that a pig in a private backyard farm in Oregon has tested positive for the highly pathogenic H5N1 avian flu virus.
Walgreens
Walgreens to Close Around 1,200 Stores Due to Weak Demand
Walgreens, a U.S. chain pharmacy operator, announced on October 15 that it plans to close approximately 1,200 stores over the next three years to cut costs.
Brain Atrophy
Five Patterns of Brain Atrophy Associated with Aging and Neurodegenerative Diseases Revealed by New Research
As we age, noticeable signs such as memory decline and difficulty concentrating seem to be inevitable indicators of aging.
Blood Pressure
Arm Position Affects Blood Pressure Measurement Results, Study from Johns Hopkins University Finds
According to the American Heart Association, nearly half of adults in the U.S. have high blood pressure.
Diabetes Drugs
New Study Finds Diabetes Drugs Mounjaro and Ozempic May Aid in Addiction Treatment
A recent study on diabetes and weight loss medications reveals that drugs like Mounjaro and Ozempic not only help patients manage diabetes and weight but may also play a significant role in addiction treatment.
tDCS
New Study Shows tDCS Home Treatment Significantly Improves Major Depressive Disorder Symptoms
In recent years, mental health disorders have been on the rise, with Major Depressive Disorder (MDD) emerging as a leading cause of disability worldwide, profoundly affecting patients' lives.
AI Model
Harvard Medical School Team Develops AI Model to Advance Drug Repurposing for Rare Diseases
Recently, a research team from Harvard Medical School, along with their collaborators, published a groundbreaking study in 'Nature Medicine' titled "A foundation model for clinician-centered drug repurposing."
Intermittent Fasting
Does Intermittent Fasting Help Fight Cancer? Scientific Research Reveals Fasting May Improve Tumor Treatment Outcomes
Recent research suggests that fasting may have a positive impact on cancer treatment, especially in enhancing the immune system's ability to fight tumors.
Historic medical breakthrough
World's First Combined Face and Whole Eye Transplant Shows No Rejection One Year After Surgery
The world's first combined face and whole eye transplant has been successfully completed.
Microbial World
The “Microbial World” in Microwaves: Over a Hundred Bacteria Unveil Household Appliance Risks
Microwaves, a common and efficient household appliance in modern life, are beloved for their ability to heat food quickly.
