OneStream Skyrockets in Market Debut, Boosted by KKR Backing
Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, giving the company a valuation close to $6 billion.…
Elon Musk Halts Tesla’s Mexico Factory Plans in Response to Trump’s Tariff Threats
Tesla CEO Elon Musk announced on Tuesday that the company is putting its plans to build a new gigafactory in Mexico on hold. The decision comes in response to former…
Disneyland Workers Overwhelmingly Voted Yes to Authorize Strike
Thousands of Disneyland workers have voted to authorize a strike, signaling widespread dissatisfaction among employees over alleged unfair labor practices during ongoing contract negotiations. This move, backed by an overwhelming…
Amazon Prime Day Sets New U.S. Online Sales Record at $14.2 Billion
Amazon Prime Day has once again surpassed previous sales records, generating an unprecedented $14.2 billion in U.S. online sales during its 48-hour event, an increase of 11% from the prior…
MUFG Executives to Take Pay Cuts Following Information Firewall Breach
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest banking group, has announced pay cuts for its CEO and five other executives following breaches of “firewall” regulations at its banking and securities…
Fisker Cleared for $46.25 Million Ocean SUV Sale
Fisker has been authorized by a bankruptcy judge to sell over 3,000 Ocean SUVs to American Lease, a vehicle leasing company, in a deal worth up to $46.25 million. This…
Apple’s India Sales Soar 33%, Reaching Record High Amid Shift from China
Apple Inc. has achieved a milestone in India, with its annual sales reaching a record of almost $8 billion. This shows the rapid growth of the Indian market, where the…
WhatsApp now enables businesses to send authentication codes to users in India
WhatsApp has officially enabled businesses to send authentication and login codes through its API to users in India. This new feature, launched on July 1, represents a significant step in…
WhatsApp Business Adjusts Rates to Curb Marketing Spam
WhatsApp Business is implementing new per-conversation rates aimed at reducing marketing spam. The updated pricing structure decreases rates for utility messages and increases rates for marketing messages. Meta, the parent…
CNN Prepares for Digital Future with Job Cuts
CNN is making significant changes as it prepares for a future beyond cable TV. On Wednesday morning, CEO Mark Thompson announced in a memo to staff that the company would…
Alibaba Focuses on Generative AI Tools to Support International Merchants
Chinese tech giant Alibaba Group is set to revolutionize its international e-commerce operations by integrating generative AI-powered tools. These advancements aim to assist cross-border merchants with crucial tasks such as…
Etsy Changes Product Categories to Emphasize Human Touch and Compete with Amazon, Temu
Etsy is updating its product categories to better highlight human involvement. This change introduces four new classifications: “made by,” “designed by,” “handpicked by,” and “sourced by.” These labels will be…
Salesforce Shareholders Vote Against Executive Pay Package
Salesforce shareholders voted against approving the company’s executive compensation plan, defying the board’s recommendation to endorse the payouts for top executives, including CEO Marc Benioff. In a regulatory filing on…
Amazon to Launch Discount Store to Counter Rising Temu and Shein
Amazon plans to launch a new budget storefront featuring low-cost apparel, home goods, and other items to compete with emerging e-commerce sites Temu and Shein. The storefront, announced at a…
Amazon Integrates Amazon Clinic into One Medical Brand
Amazon has announced that it is integrating its Amazon Clinic telehealth service into its primary care business, One Medical. This rebranding effort aims to streamline Amazon’s primary care offerings for…
Shopify Sellers Can Now Apply to Sell on Target Plus
Shopify merchants can now sell their items to Target’s extensive customer base through a new partnership. Announced on Monday, June 24, this collaboration allows sellers on Shopify’s platform to apply…
Shopee agreed to modify its practices in Indonesia after the local watchdog found it violated competition law.
Shopee and its courier service, Shopee Express, have agreed to modify their practices after admitting to a breach of competition regulations in Indonesia, as confirmed by the country’s competition watchdog,…
Nvidia’s Market Value Drops by $500 Billion, Losing Its Title as ‘Most Valuable Company’
In the rapidly evolving tech landscape, Artificial Intelligence (AI) has emerged as a pivotal force, driving innovation and commanding significant economic influence. Nvidia, a leader in the production of AI-capable…
Amazon Takes Major Step to Eliminate Plastic Pillows from Packaging
Amazon has announced a significant environmental initiative aimed at reducing its plastic usage in packaging by phasing out the use of plastic air pillows. As of now, the e-commerce giant…
Fisker Joins Growing List of Bankrupt Electric Vehicle Companies
Fisker, the US-based electric vehicle (EV) startup, has declared bankruptcy, joining the growing list of EV companies grappling with financial difficulties. The company filed for Chapter 11 protections on June…