World and Business

Macy’s (NYSE: M), the largest department store chain in the United States, has found itself at the center of controversy following the revelation of a significant accounting error. The company announced on Monday that it would delay its Q3 earnings report due to an internal investigation into fraudulent activities by an employee. The discovery sent […]

Nvidia (NASDAQ: NVDA), a titan in artificial intelligence (AI) and chip manufacturing, has once again proven its dominance with a stellar third-quarter earnings report. The tech giant not only beat Wall Street expectations but also set a new record with over $35 billion in quarterly revenue. This performance underscores Nvidia’s central role in the AI

Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, is reportedly in discussions with Tether, the issuer of the world’s largest stablecoin, to launch an ambitious $2 billion Bitcoin lending project. The program, according to Bloomberg, would allow clients to borrow US dollars by using Bitcoin as collateral. Though details remain unconfirmed, speculation suggests the project

South Korean automaker Hyundai has issued a recall for over 145,000 hybrid electric vehicles in the United States due to a potential defect in their battery charging systems. The recall, announced by the U.S. National Highway Traffic Safety Administration (NHTSA), affects five popular models, including the IONIQ and Genesis series. The Issue at Hand The

A staggering 167,277 pounds of ground beef, both fresh and frozen, have been recalled nationwide after potential contamination with the dangerous E. coli O157 bacterium. The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) issued the recall on November 22, warning restaurants and consumers to take immediate precautions. The Trigger: Reports of Illness

United Parcel Service (UPS), the Sandy Springs-based shipping giant, has agreed to pay a $45 million fine to settle allegations by the U.S. Securities and Exchange Commission (SEC). The case revolves around accusations that UPS improperly valued its struggling UPS Freight unit, misrepresenting earnings and violating federal accounting and disclosure standards. The SEC’s Allegations The

The U.S. Air Force and Boeing have finalized a significant $2.4 billion contract for the procurement of 15 new KC-46 Pegasus aerial refueling tankers. Announced on November 21, this latest agreement for Lot 11 of the program marks another step forward in the Air Force’s efforts to modernize its fleet and bolster aerial refueling capabilities.

On Friday, November 22, 2024, Bitcoin reached another record high, edging closer to the $100,000 mark. This remarkable rally has been fueled by expectations of a more crypto-friendly regulatory environment under the leadership of Donald Trump. Bitcoin’s Meteoric Rise Bitcoin has more than doubled in value this year, with a 45% increase in just two