Month: June 2025
How Ikea is doubling down on price cuts to attract cost-conscious customers
Swedish meatballs at an IKEA in Causeway Bay is listed as out of stock after after Czech authorities detected horse meat in the company’s meatballs which are supposed to make up of pork and beef only. South China Morning Post | Getty Images Ikea shoppers will see price cuts of up to 50% at many […]
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Adopt or die? How Southeast Asian small businesses are using AI to stay competitive
ASEAN member nations’ flags outside the Pullman Hotel, the venue for the ASEAN Foreign Ministers’ retreat meeting in Luang Prabang, Laos, in January 2024. Tang Chhin Sothytang Chhin Sothy | Afp | Getty Images The U.S. and China are usually top of mind when it comes to artificial intelligence and generative AI. But Southeast Asia’s […]
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Nvidia’s comeback sparks a rally in Asian chip stocks
A semiconductor wafer is on display at Touch Taiwan, an annual display exhibition in Taipei, Taiwan, on April 16, 2025. Ann Wang | Reuters Chip stocks in Asia rose Thursday, after artificial intelligence darling Nvidia’s shares hit a record close to reclaim the title of the world’s most valuable company. Shares of South Korea’s SK Hynix, […]
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CNBC Daily Open: Despite all the uncertainty, the S&P 500 is flirting with record highs — strange times
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 23, 2025. Brendan McDermid | Reuters Have we gone back in time? It certainly seems on the markets front. Just look at the S&P 500 and you will think that it’s back in February — before U.S. […]
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Meta wins AI copyright case, but judge says others could bring lawsuits
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta on Wednesday prevailed against a group of 13 authors in a major copyright case involving the company’s Llama artificial intelligence model, but the judge […]
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Asia-Pacific markets set to trade mixed as Middle East tensions appear to ease
A HDR evening shot taken at sunset of the Tokyo skyline. Fgm | E+ | Getty Images Asia-Pacific markets were set to open mixed Thursday, as investors continued to weigh the ongoing ceasefire between Israel and Iran. Japan’s benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 39,055 while […]
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Capitol Police arrest dozens of people protesting Medicaid cuts in Trump budget bill
U.S. Capitol Police arrest protesting members of American Disabled for Attendant Programs Today (ADAPT) in the atrium of the Hart Senate Office Building on Tuesday, June 24, 2025. The protesters chanted “no cuts to medicaid” while being arrested. Bill Clark | Cq-roll Call, Inc. | Getty Images U.S. Capitol Police arrested more than 30 protesters […]
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Stock futures are little changed as S&P 500 nears new record high: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 25, 2025. Jeenah Moon | Reuters Stock futures were relatively unchanged on Wednesday as the S&P 500 remains within striking distance of its all-time high. S&P 500 futures traded around the flatline, as did Nasdaq 100 futures. […]
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Zohran Mamdani’s victory in NYC mayoral primary leaves Wall Street ‘alarmed’ and ‘depressed’
New York mayoral candidate, State Rep. Zohran Mamdani (D-NY) speaks to supporters during an election night gathering at The Greats of Craft LIC on June 24, 2025 in the Long Island City neighborhood of the Queens borough in New York City. Michael M. Santiago | Getty Images To say Wall Street isn’t a fan of […]
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Asana picks Dan Rogers, formerly of ServiceNow, to replace CEO Dustin Moskovitz
Lisbon , Portugal – 12 November 2024; Dan Rogers, CEO, LaunchDarkly, on SaaS Summit stage during day one of Web Summit 2024 at the MEO Arena in Lisbon, Portugal. Harry Murphy | Sportsfile | Getty Images Collaboration software maker Asana said Wednesday it has chosen former Rubrik and ServiceNow executive Dan Rogers to be its […]
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