AI Search Impact and Weak Outlook Drag Down Reddit and Pinterest
Reddit shares plummeted 23% in premarket trading on Friday following a warning from the company that Google’s expanding use of AI in search is reducing referral traffic and threatening its user growth. The social...
Fluor Corp Joins US-Led Bids to Develop Kenya’s Multibillion-Dollar Critical Minerals Deposit
American engineering firm Fluor Corp is among a group of predominantly U.S. investors vying to develop Kenya’s vast Mrima Hill critical minerals site. Kenyan Mining Minister Hassan Ali Joho disclosed that five international consortia...
Binance Hit by $6.3 Billion Cyber Heist, Suspected North Korean Hackers Blamed
Hackers have stolen approximately $6.3 billion from Binance, the world’s largest cryptocurrency exchange, in what analysts described as potentially the largest financial heist in history. Blockchain analysis firms TRM Labs, Chainalysis and Elliptic expressed...
Alphabet’s AI Chip Business Boosts Growth but Pressures Cash Flow
Alphabet is generating billions of dollars from sales of its in-house artificial intelligence (AI) chips, known as tensor processing units (TPUs), which were initially developed for internal use. However, meeting surging demand requires substantial...
Kalshi Raises $1 Billion at $40 Billion Valuation
Kalshi, the New York-based prediction-market startup, has raised $1 billion in a new funding round, valuing the company at $40 billion as it seeks to expand beyond event-based contracts and compete with traditional financial...
DoorDash to Acquire Instacart in $17 Billion Deal
DoorDash has announced plans to acquire Instacart in a deal valued at approximately $17 billion, strengthening its position in the rapidly growing US grocery delivery market. The agreement offers Instacart shareholders $65 per share,...
Ani Stepanishvili from Georgia Triumphed as Miss Asia Global 2026
Ani Stepanishvili from Georgia was crowned the winner of the prestigious Miss Asia Global 2026 at a spectacular international pageant held on October 24 at Harris Hotel & Conventions Sunshine, Penang, Malaysia. Teh Jing...
Meta and Snap Face US Trial Over Social Media Addiction Claims
Two teenage plaintiffs will take Meta Platforms and Snap to trial in Los Angeles on Wednesday, October 28, in a significant legal test over allegations that social media platforms contribute to mental health problems...
SK Hynix Profit Surges Sevenfold, Announces $75 Billion Shareholder Return
South Korean chipmaker SK Hynix announced plans to return approximately $75 billion to shareholders this year after reporting a more than sevenfold increase in quarterly operating profit, driven by surging demand for artificial intelligence...
Trian Fund Offers to Take Wendy’s Private in $1.4 Billion Deal
Nelson Peltz’s Trian Fund Management has offered to acquire Wendy’s and take the US burger chain private in a deal valuing the company at approximately $1.4 billion, according to a regulatory filing on Wednesday....