Today’s Breaking News
GameStop reports decline in quarterly revenue
Shares of the Grapevine, Texas-based company fell nearly 4% in extended trading.GameStop, which was once at the heart of the “meme stock” trading frenzy, has long struggled to adapt to the rapidly changing gaming industry as consumer preferences shift away from physical game sales towards digital downloads, g … Read More >>
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US depends on Canadian oil, despite Trump’s comments, Cenovus CEO says
CALGARY (Reuters) -The U.S. relies on Canadian oil imports, despite comments to the contrary by U.S. President Donald Trump, Cenovus Energy CEO said on Tuesday. Trump has threatened on-again, off-again tariffs on Canada’s oil, of which nearly 4 million barrels per day are exported to the United States. Can … Read More >>
FEATURED ARTICLE
US states sue 23andMe to protect customers’ private data
Twenty seven states, including Pennsylvania, Michigan and Florida, and the District of Columbia filed the lawsuit on Monday in 23andMe’s U.S. bankruptcy proceedings in Missouri, seeking a declaration that it cannot sell customers’ genetic data without their consent.California-based 23andMe in a March bankrupt … Read More >>
OTHER HEADLINES
Live Nation to invest $1 billion in US music venues
This investment comes amid Live Nation’s grown optimism in the live entertainment industry, driven by long-overdue ticketing reforms and growing fan demand.Live Nation expects two-thirds of the concert fan growth to be in the second half of the year, Chief Financial Officer Joe Berchtold said in May.The Ticke … Read More >>
China is only 3-6 months behind US in AI, Trump official says
“China is not years and years behind us in AI. Maybe they’re 3-6 months, said Sacks, speaking at the AWS summit in Washington. “It’s a very close race.” (Reporting by Alexandra Alper; Editing by Chris Reese) … Read More >>
US, Mexico close to deal that would cut steel tariffs, Bloomberg reports
The terms of the agreement, which haven’t been finalized, would allow U.S. companies to import Mexican steel tariff-free as long as total shipments are kept below a level based on historical trade volumes, Bloomberg reported. (Reporting by Ryan Patrick Jones) … Read More >>
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Musk’s Starlink plans satellite link in Switzerland, government says
Newspaper Le Nouvelliste reported that the satellite provider had submitted an application to the Swiss government, planning 40 antennas in the municipality of Leuk. BAKOM said the firm’s application had been made earlier this summer.The potential timing and content of any licence is still to be determined, a … Read More >>
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