JD Sports shares plunge after profit warning
The sportswear retailer blamed factors including higher costs and weaker demand from "more cautious" shoppers for its revenue growth being lower than expected.
Mortgage approvals are up as more lenders cut rates
First Direct and the Yorkshire Building Society are the latest big names to announce new reductions for homeowners, and as expectations grow, more will soon follow suit. Mortgage approvals hit…
More electric vehicles are sold by China’s BYD than by Tesla.
BYD overtook Tesla to become the world’s biggest electric car company in the final quarter of 2023.
Rite Aid has been banned from utilizing facial recognition technology in its stores for five years due to its “careless” usage of the technology.
After the Federal Trade Commission discovered that Rite Aid disproportionately singled out people of color and falsely accused customers of crimes, the chain accepted a five-year restriction on employing face recognition technology. Following a complaint alleging the chain of employing artificial intelligence-based software in hundreds of locations to identify individuals Rite Aid "deemed likely to engage in shoplifting or other criminal behavior" and either expel or bar them from entering the store, the FTC and Rite Aid reached a settlement on Tuesday. However, due to faulty technology, workers responded to false-positive warnings that mistakenly labeled clients as criminals. Rite Aid personnel have been charged by the FTC of publicly accusing individuals of illegal activities in front of friends, family, and strangers in certain instances.
At one point, Huawei was struggling to survive. In 2023, revenue will be close to $100 billion once again.
Huawei, the tech giant which has been a flashpoint in the escalating rivalry between Washington and Beijing, says it is “back on track” with a strong 2023.
Stocks, bitcoin, and oil: What you need to know as markets kick off 2024
Stock markets were mixed on the first trading day of 2024, pausing after a robust rally last year that was fueled by bets that major central banks will soon start…
Vinyl sales in the UK are at their highest point since 1990, led by Taylor Swift.
As she continues to rule the music industry this year, Taylor Swift is topping the list of the top ten vinyl sales this week. Meanwhile, in other nostalgic news, Take…
Apple watch ban: Tech giant fears ‘irreparable harm’ following White House upholding of sales restriction
Apple has been accused of stealing pulse oximetry technology from a medical monitoring tech company and assimilating it into its watches.
At the Tesla factory in Texas, a worker was hurt by a robot that used its claws to “pin” him to the wall.
The engineer left a "trail of blood" when he escaped from the robot's claws, according to reports from a witness at the Tesla giga factory in Texas.
Science confirms the superpowers of almonds. Here’s how to eat them.
Almonds are the delicious, nutrient-dense nuts that come from the almond tree. They are particularly beneficial to health in the winter. Packed with vital nutrients such as antioxidants, fiber, protein,…
