UK Labour party accused by Donald Trump of meddling in White House election

UK Labour party accused by Donald Trump of meddling in White House election

Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Donald Trump has filed a legal complaint against the UK’s Labour party, alleging “illegal foreign campaign contributions and interference” to help Kamala Harris in the US presidential election. The complaint filed by … Read more

Embracing AI: How Europe’s Fortune 500 Companies are Overcoming Tech Resistance

Embracing AI: How Europe’s Fortune 500 Companies are Overcoming Tech Resistance

The adoption of AI in Europe’s biggest companies is starting to gain momentum, with industries like automotive, finance, and pharmaceuticals leading the charge. Companies like Volkswagen, Shell, and Roche Group are embracing AI to improve their operations and drive innovation. However, there is still a significant gap between European companies and their American counterparts when … Read more

Starbucks announces initial findings, reports decrease in sales for another period

Starbucks announces initial findings, reports decrease in sales for another period

Starbucks cups are shown on a counter in Manhattan, New York, on February 16, 2022. Carlo Allegri | Reuters Starbucks reported preliminary quarterly results on Tuesday, revealing a decline in sales as the coffee chain works to implement a turnaround strategy. “Our performance in the fourth quarter indicates the need for a fundamental change in … Read more

Arm Holdings reportedly set to terminate Qualcomm chip design license, according to Bloomberg News

Arm Holdings reportedly set to terminate Qualcomm chip design license, according to Bloomberg News

Arm Holdings is terminating an architectural license agreement with Qualcomm that allows the latter to utilize intellectual property for chip design, as reported by Bloomberg News. The decision comes amidst an ongoing legal dispute between the two companies. Arm has issued a 60-day notice to Qualcomm regarding the cancellation of the licensing agreement, which enables … Read more

Arm, owned by SoftBank, revokes Qualcomm’s design license during legal disagreement.

Arm, owned by SoftBank, revokes Qualcomm’s design license during legal disagreement.

“ Asian currencies have weakened against a strengthening US dollar on Wednesday morning, with the Japanese yen continuing to drop below ¥150 amidst uncertainty surrounding the Federal Reserve’s future rate cut plans. The yen has fallen by 0.4 per cent to ¥151.60, while South Korea’s currency has also decreased by 0.4 per cent to Won1,383.1. … Read more

Artificial Intelligence faces criticism from iconic music groups ABBA, Radiohead, and The Cure as thousands of artists unite to denounce the incorporation of their music in robot training.

Artificial Intelligence faces criticism from iconic music groups ABBA, Radiohead, and The Cure as thousands of artists unite to denounce the incorporation of their music in robot training.

Musicians from ABBA, Radiohead, and The Cure, along with actors and authors, have come together to sign a protest letter against the use of their work in the development of artificial intelligence tools. Released on Tuesday, the letter has garnered thousands of signatures, serving as a public warning against the potential misuse of AI technology … Read more

McDonald’s stock drops following CDC report of E. coli outbreak tied to Quarter Pounders

McDonald’s stock drops following CDC report of E. coli outbreak tied to Quarter Pounders

McDonald’s experienced a drop in shares during after-hours trading after the Centers for Disease Control and Prevention (CDC) announced that an E. coli outbreak linked to McDonald’s Quarter Pounder burgers has resulted in 10 hospitalizations and one fatality. The CDC reported a total of 49 cases across 10 states between September 27 and October 11, … Read more

Rxsight co-president Ilya Goldshleger unloads $154,001 worth of stock

Rxsight co-president Ilya Goldshleger unloads 4,001 worth of stock

Ilya Goldshleger, Co-President and Chief Operating Officer of RxSight, Inc. (NASDAQ:RXST), recently sold 3,100 shares of the company’s common stock. The shares were sold at a weighted average price of $49.68, amounting to a total transaction value of approximately $154,001. This sale was conducted under a pre-established Rule 10b5-1 trading plan. In addition to the … Read more

Dollar rally fueled by robust US economy and ‘Trump trade’

Dollar rally fueled by robust US economy and ‘Trump trade’

Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House The US dollar has surged to its highest level since August, driven by strong economic data and growing investor confidence in Donald Trump’s chances of winning the upcoming presidential election. The currency … Read more

Bill Gates donates $50 million to support Kamala Harris’ presidential campaign: NYT

Bill Gates donates  million to support Kamala Harris’ presidential campaign: NYT

Sources close to Gates reportedly told the outlet that the billionaire, long known for staying out of politics publicly, had donated about $50 million to a nonprofit supporting Harris’s run. In a statement to the Times, Gates did not confirm or deny the donation but said, “this election is different.” Fortune has reached out to … Read more