Posts by Nathan Pine
China bubble tea chain Mixue profits spike 40% in 2024
[ad_1] [HONG KONG] Chinese bubble tea and drinks firm, Mixue Group, which has surpassed McDonald’s and Starbucks in store count to become the world’s largest food and beverage chain, reported a spike in profits on Wednesday (Mar 26) as it laid out further expansion plans. The results came after Mixue raised US$444 million in a…
Read MoreUS dollar edges up as tariff uncertainty looms, pound in focus
[ad_1] THE US dollar edged up on Wednesday (Mar 26) as investors weighed up uncertainty about the US economic outlook and speculation over the timing and scale of potential US tariffs. Next week, US President Donald Trump has threatened to impose – or at least provide details of – a new round of tariffs on…
Read MoreWall Street bonuses jump 32% as total surges to record
[ad_1] One in every 11 jobs in the city is either directly or indirectly associated with the securities industry [NEW YORK] Wall Street banker bonuses rose 31.5 per cent to an average US$244,700 last year as dealmaking rebounded, but the boom times may wane as economic uncertainty rises, New York State Comptroller Thomas DiNapoli said…
Read MorePop Mart profit more than doubles driven by Labubu-doll craze
[ad_1] The resultant strong overseas sales have turned Pop Mart into one of the hottest stocks, with shares up 350 per cent in the past year [HONG KONG] Pop Mart International Group said it will continue to expand its global footprint with focus on North America and Europe, after reporting profit that more than doubled…
Read More23andMe shares tumble after bankruptcy filing and California attorney general’s privacy warning
[ad_1] South San Francisco-based genetic testing venture 23andMe saw its shares plunge more than 50% Monday after the company announced it had filed for Chapter 11 bankruptcy protection. The company announced Sunday it will seek court authorization to sell its assets, calling it “the best path forward to maximize the value of the business,” according…
Read MoreOpenAI takes its pitch to Hollywood creatives after launching controversial video tool
[ad_1] Just months after OpenAI launched its controversial text-to-video artificial intelligence tool Sora for the general paying public, the company is making its sales pitch directly to L.A.’s filmmakers and digital creators. This week, the ChatGPT maker screened 11 short films made with Sora on the big screen at Brain Dead Studios, a movie theater…
Read MoreCommentary: Elon Musk brought a Silicon Valley mindset to Trump’s Washington. It’s been a disaster
[ad_1] Washington has never seen anything like the rule-breaking, power-taking, government-torching, protocol-scorching force of delighted havoc and gleeful mayhem that is Elon Musk. Margaret O’Mara has. The University of Washington historian charted the spectacular rise and all-swallowing influence of the tech industry and its titans in her excellent, highly readable 2019 work, “The Code: Silicon…
Read MoreContributor: Why the Trump administration is easing up on crypto crime at exactly the wrong moment
[ad_1] The Securities and Exchange Commission is scaling back its cryptocurrency enforcement unit. Why does this matter? Because crime pervades the crypto industry. Just last month, a hacker stole about $1.5 billion from the crypto exchange Bybit in the biggest theft the industry has ever experienced. As this incident suggests, crypto crime seems to be…
Read MoreElon Musk’s feud with OpenAI CEO Sam Altman, explained
[ad_1] A bitter rift between two Silicon Valley billionaires could shape the future of the fast-growing artificial intelligence industry. Tesla Chief Executive Elon Musk, who has his own AI startup, is duking it out in court and in a public war of words with Sam Altman, leader of ChatGPT maker OpenAI. Musk, who is the…
Read MoreCommentary: Did AI really defend the KKK at the end of my column? Let’s discuss
[ad_1] Journalism schools teach that writers should report the news, not be the news. But what happens when one of your articles goes viral — not for its content but rather for how an AI doohickey swallowed up what you wrote and upchucked a controversial summation? Welcome to my week. On Feb. 25, the Times…
Read MoreContributor: The Trump administration schooled Europe on free speech. Why ignore the lesson at home?
[ad_1] Vice President JD Vance’s wise words to Europe about U.S. commitments to free speech are on a collision course with some of what’s happening stateside. The Federal Communications Commission and the Federal Trade Commission are headed in the opposite direction of Vance’s prudent remarks. On Feb. 11, Vance valiantly informed an artificial intelligence summit…
Read MoreOscars 2025: James Bond Tribute Includes Halle Berry, Lisa, Margaret Qualley, Doja Cat & More – E! Online
[ad_1] James Bond could use an assist from Her Majesty's Secret Service these days. But while the fate of the storied franchise gets sorted out, the 2025 Oscars took a moment to pay tribute to the films,… [ad_2] Source link
Read More