According to a report by Adobe Analytics, the total amount of money that Americans spent online on Cyber Monday, which fell on November 27 this year, was a record $12.4 billion. It was a 9.6% increase over the same period last year. The Financial Times notes that this demonstrates how American...

EU antitrust authorities warned on Monday that Amazon's $1.4 billion purchase of iRobot, a company that makes robot vacuums, might push out competitors' robot cleaners from its online store. In August of last year, Amazon made the announcement in the midst of global regulatory scrutiny over Big...

A review of health records and other data revealed that persons who were overweight or obese lost more weight and pounds faster using Eli Lilly's Mounjaro than those taking Novo Nordisk's well-known competing weight loss medication.   The study, which was published on medRxiv ahead of peer...

According to Reuters, Italian bank Unicredit has been taken off the global list of systemically important banks. The Financial Stability Board removed Italian UniCredit from its list of internationally recognized systemically important banks, according to Reuters. It also included China's Bank of...

Market data indicated that investors withdrew over $956 million from cryptocurrency exchange Binance in the last 24 hours following the resignation of its CEO, Changpeng Zhao, and his potential imprisonment following his guilty plea on Tuesday to resolve an extensive U.S. investigation into illicit...

Chinese businesses with strong hybrid lineups are emerging as winners in the fierce pricing war that EV manufacturers in China are waging to keep up with the decreasing demand. These brands are luring customers with long-range vehicles that can be had for less money than gasoline-powered...

Zoom Video Communications Inc., a US-based provider of remote conferencing services, increased its full-year forecast and nearly tripled its net income in the third quarter of fiscal 2024. In August through October, net income was $141.212 million, or 45 cents per share, as opposed to $48.353...

Sam Altman, the CEO of OpenAI and, for many, the face of generative AI, was sacked by the board of the company that created ChatGPT, shocking the tech community.   The business announced that Mira Murati, Chief Technology Officer of OpenAI, will take on the role of acting CEO in the interim...

In order to address the issues of inflation and equipment constraints that have severely damaged the renewables industry, BP is looking for partners for offshore wind projects in Japan and may make investments in hydrogen technology firms.   In order to develop a long-term business model...