Snapchat parent company Snap has exceeded Wall Street’s quarterly profit estimates, driven by improvements to its advertising platform. The company’s shares rose 6% in extended trading following the announcement. Analysts attribute the boost to uncertainty surrounding a possible TikTok ban in the US, which could benefit Snap’s business. CEO Evan Spiegel stated that advertisers are … Read more
A new study published in Geophysical Research Letters has used machine learning to identify and associate numerous marsquakes with meteoroid impacts on Mars. The research team, led by Dr. Valentin Bickel from the University of Bern, analyzed satellite images from NASA’s InSight lander and found that many previously unknown meteoroid impacts occurred near the lander … Read more
Elon Musk’s lawsuit against OpenAI and Microsoft may be dismissed due to lack of factual support, according to recent filings by both companies. Musk sued the duo in August over alleged contract breaches, unfair business practices, and fiduciary duties. However, he withdrew the case months later without explanation. OpenAI responded by releasing a batch of … Read more
Fourteen years after playing Mark Zuckerberg in The Social Network, Jesse Eisenberg has spoken out against his former character’s actions. During a recent appearance on BBC Radio 4’s Today, Eisenberg expressed his concerns about Zuckerberg’s decision to drop fact-checking on Facebook and Instagram, citing the potential harm it could cause to vulnerable individuals. Eisenberg also … Read more
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US companies are starting to estimate the potential costs of Donald Trump’s tariffs, which could impact global trade. Diageo warned that US tariffs on Mexican and Canadian imports could dent its profits by $200 million, while ZF, a German auto supplier, expects to hike prices due to tariffs. Diageo CEO Debra Crew said the company’s … Read more
Disney’s shares have seen a significant increase despite underperforming compared to the broader market. The company’s businesses include media networks, parks and resorts, studio entertainment, consumer products, and interactive media. However, its stock has gained only 17.4% over the past year, while the S&P 500 Index has rallied nearly 20.9%. Disney’s underperformance can be attributed … Read more
Coach Pat Riley has struck a deal with the Kansas City Chiefs to use his signature “Three-Peat” phrase if the team wins three straight Super Bowls. The licensing agreement, reportedly worth royalties to the Pat Riley Family Foundation, comes after successful implementations by other teams including the Chicago Bulls and New York Yankees in previous … Read more
The Chicago Cubs have acquired right-handed reliever Ryan Brasier from the Los Angeles Dodgers in a trade. The deal adds depth to the Cubs’ bullpen, which has been strengthened with recent additions. In return, the Dodgers received a player to be named later or cash. Brasier, 37, was designated for assignment by the Dodgers after … Read more
Cryptocurrency prices plummeted due to concerns over a potential trade war between the US and its major trading partners. Bitcoin’s value fell below $100,000 after US President Donald Trump announced large tariffs on goods from Canada, Mexico, and China. Other digital assets, including Ethereum and Dogecoin, also suffered significant price drops. Trump warned Americans that … Read more