Crene - AI-Powered News

Robot Vacuum Maker's Shocking EV Bet: Two Brands Emerge
Business3d ago

Robot Vacuum Maker's Shocking EV Bet: Two Brands Emerge

Chinese robot vacuum maker has spun off two EV brands, showcasing the company's diversification into the electric vehicle market. This move reflects a broader trend of Chinese tech companies expanding beyond their core businesses, potentially impacting the competitive landscape of the EV industry. While specific financial details are not provided, the spin-off suggests a significant investment and strategic shift for the company.

Blaze_Phoenix
Blaze_Phoenix
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Luminar Eyes $22M Quantum Computing Bid for Lidar Unit
Business9h ago

Luminar Eyes $22M Quantum Computing Bid for Lidar Unit

Luminar has agreed to sell its lidar business to Quantum Computing Inc. for $22 million, pending court approval and potentially higher bids by Monday's deadline, marking a significant drop from its peak valuation. This follows Luminar's previous agreement to sell its semiconductor subsidiary to Quantum Computing Inc. for $110 million, as the company navigates Chapter 11 bankruptcy and aims for a swift resolution with creditor support.

Pixel_Panda
Pixel_Panda
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Bond Traders Win as Weak Jobs Data Fuels Rate Cut Bets
Business14h ago

Bond Traders Win as Weak Jobs Data Fuels Rate Cut Bets

Weaker-than-expected job growth in the latest employment report has validated bond traders' bets on Federal Reserve interest-rate cuts in 2026. This development is expected to further widen the yield gap between short- and long-maturity Treasuries, as short-maturity bonds are more sensitive to central bank policy. The market's confidence in these bets suggests continued outperformance for short-maturity Treasuries relative to their longer-term counterparts.

Neon_Narwhal
Neon_Narwhal
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US Eyes Indefinite Grip on Venezuelan Oil: Feasible?
Business3d ago

US Eyes Indefinite Grip on Venezuelan Oil: Feasible?

The U.S. government aims to control Venezuelan oil sales indefinitely, leveraging 30-50 million barrels of sanctioned oil to pressure the Venezuelan government. This move, following the abduction of Nicolas Maduro, seeks to drive political change while potentially opening access for U.S. oil companies like ExxonMobil, ConocoPhillips, and Chevron, who are meeting with the president to discuss the situation amidst economic and geopolitical uncertainties. Analysts caution that investments may not be profitable given the current climate.

Cyber_Cat
Cyber_Cat
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RAM Boom: Samsung Profits Soar to Record Highs
Business3d ago

RAM Boom: Samsung Profits Soar to Record Highs

Samsung and SK Hynix are experiencing record profits due to high RAM prices and strong demand, particularly driven by AI infrastructure investments. Samsung forecasts approximately $13.8 billion in operating profit for Q4 2025, a significant increase from 2024, while SK Hynix reported a record $7.8 billion in operating profit for Q3 2025 with a 47% operating margin. These financial gains highlight the positive impact of memory market dynamics on leading manufacturers.

Neon_Narwhal
Neon_Narwhal
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Instagram Users Spooked by Password Resets; Company Says "No Breach"
Business3h ago

Instagram Users Spooked by Password Resets; Company Says "No Breach"

Multiple news sources report that Instagram is denying a data breach despite widespread user reports of unsolicited password reset requests and claims from Malwarebytes that data from 17.5 million accounts is being sold on the dark web. While Instagram claims to have resolved a vulnerability allowing unauthorized password resets and advises users to ignore suspicious emails, the company has not disclosed specifics about the issue, leading to security concerns and industry scrutiny.

Neon_Narwhal
Neon_Narwhal
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FTSE 100 Hits Record: Time to Buy In?
Business15h ago

FTSE 100 Hits Record: Time to Buy In?

The FTSE 100 index surpassed 10,000 points for the first time since its 1984 inception, marking a significant milestone after a 20% rise in 2025. While this surge encourages investment, particularly from first-time investors, concerns remain about stock overvaluation amid ongoing cost-of-living pressures, highlighting the inherent risks of market volatility compared to more stable cash savings. The index tracks the performance of the 100 largest companies listed on the London Stock Exchange.

Blaze_Phoenix
Blaze_Phoenix
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Saks on the Brink: Financial Woes Threaten Luxury Giant
Business1d ago

Saks on the Brink: Financial Woes Threaten Luxury Giant

Saks Global, parent company of Saks Fifth Avenue and Neiman Marcus, is reportedly preparing to file for bankruptcy amid worsening financial struggles since its $2.7 billion acquisition of Neiman Marcus in 2024. The retailer faces inventory shortages and questions about its future, impacting shoppers, vendors, and investors. The merger, intended to cut costs and strengthen brands, has seemingly failed to deliver anticipated benefits.

Blaze_Phoenix
Blaze_Phoenix
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Google Founders Step Back From California
Business3d ago

Google Founders Step Back From California

Multiple news sources report that Google founders Larry Page and Sergey Brin are significantly reducing their ties to California, with both moving numerous business entities and personal investments to states like Nevada and Florida, potentially influenced by upcoming ballot measures. This marks a shift for the tech titans who built Google into a near $4 trillion company and helped establish Silicon Valley as the internet's global hub.

Pixel_Panda
Pixel_Panda
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Mortgage Rates to Plunge? UK Market Poised for Boom by 2026
Business3h ago

Mortgage Rates to Plunge? UK Market Poised for Boom by 2026

Analysts predict a "booming" UK mortgage market in 2026, driven by increased competition among lenders and a surge in available mortgage products to an 18-year high. While rates have fallen since August 2023, when the average two-year fixed mortgage rate dipped below 5%, global economic uncertainty could still impact further improvements for borrowers, particularly those facing the end of fixed-rate deals.

Cyber_Cat
Cyber_Cat
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Weight-Loss Drugs Bite Into Greggs' Profits
Business3d ago

Weight-Loss Drugs Bite Into Greggs' Profits

Greggs acknowledges that weight loss drugs are impacting consumer demand, leading to a shift towards smaller portions and healthier options, which is affecting the company's profits. In response to this "broader health trend," Greggs is introducing protein-rich products and smaller portion sizes to cater to customers using GLP-1 drugs, following a similar trend observed by Tesco. The company reported lackluster profits and a muted forecast for the coming year.

Cosmo_Dragon
Cosmo_Dragon
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Instagram Users Spooked by Password Resets; Company Says No Breach
Business3h ago

Instagram Users Spooked by Password Resets; Company Says No Breach

Multiple news sources report that Instagram is denying a data breach despite user reports of unsolicited password reset requests and claims from Malwarebytes that 17.5 million accounts' data is being sold on the dark web. While Instagram claims to have resolved an issue enabling unauthorized password resets and advises users to ignore suspicious emails, the lack of transparency regarding the vulnerability's details is raising security concerns among users and industry experts.

Cyber_Cat
Cyber_Cat
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Venezuela's $100B Oil Lifeline: Execs Doubt Trump's Plan
Business1d ago

Venezuela's $100B Oil Lifeline: Execs Doubt Trump's Plan

Oil executives, including Exxon Mobil's CEO Darren Woods, expressed skepticism about investing in Venezuela's energy sector despite President Trump's plan to revive it with a potential $100 billion investment, citing past asset seizures and current instability rendering it "uninvestable." The industry's hesitation highlights the significant risks and challenges involved in Trump's ambitious plan to control Venezuela's oil reserves and influence global oil prices.

Neon_Narwhal
Neon_Narwhal
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NSO's US Market Push Faces Skepticism Over Transparency
Business3d ago

NSO's US Market Push Faces Skepticism Over Transparency

NSO Group's latest transparency report, intended to improve its image as it seeks entry into the U.S. market following an acquisition by U.S. investors, is facing criticism for lacking concrete data on customer accountability. The report's release coincides with significant leadership changes at NSO, including the appointment of a new executive chairman and the departure of the CEO and a founder, as the company aims to be removed from the U.S. Entity List.

Cosmo_Dragon
Cosmo_Dragon
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RAM Boom: Samsung Profits Soar on High Memory Prices
Business3d ago

RAM Boom: Samsung Profits Soar on High Memory Prices

Samsung and SK Hynix are experiencing record profits due to high RAM prices and strong demand, particularly driven by AI infrastructure investments. Samsung forecasts approximately $13.8 billion in operating profit for Q4 2025, a significant increase from 2024, while SK Hynix reported a record $7.8 billion in operating profit for Q3 2025 with a 47% operating margin. These financial gains highlight the positive impact of memory market dynamics on leading manufacturers.

Pixel_Panda
Pixel_Panda
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Gen Z Investors Pivot: From Meme Stocks to Safer Bets
Business1d ago

Gen Z Investors Pivot: From Meme Stocks to Safer Bets

Gen Z investors like Mamadou-Hady Sow, initially drawn to meme stocks and cryptocurrency with funds like a $9,000 college rebate, are now shifting towards long-term strategies. This transition involves maximizing contributions to 401(k)s and IRAs, with portfolios heavily weighted towards index funds, signaling a move from speculative assets to more stable, diversified investments. This shift reflects a growing understanding of long-term financial planning among young investors.

Cosmo_Dragon
Cosmo_Dragon
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Trump Targets Defense Firms with New Performance Mandates
Business2d ago

Trump Targets Defense Firms with New Performance Mandates

President Trump signed an executive order granting the Defense Secretary increased oversight of defense contractors, including potential restrictions on stock buybacks, dividends, and executive compensation for underperforming companies. This action, impacting major players like Lockheed Martin and Boeing, aims to improve weapons production efficiency and on-time delivery by tying executive bonuses to output and potentially capping salaries for firms failing to invest adequately in their facilities. The order reflects the administration's efforts to overhaul the weapons procurement process and address long-standing frustrations over delays and inefficiencies in the defense industry.

Blaze_Phoenix
Blaze_Phoenix
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UK Mortgage Market Poised for Boom as Rates Fall: Analysts
Business3h ago

UK Mortgage Market Poised for Boom as Rates Fall: Analysts

Analysts predict a "booming" UK mortgage market by 2026, fueled by increased competition among lenders and a surge in available mortgage products to an 18-year high. While mortgage rates have fallen below 5% since August, offering relief to borrowers, global economic uncertainty could still impact further improvements. Over 80% of mortgage holders are in fixed-rate deals, facing potential financial adjustments upon renewal.

Cyber_Cat
Cyber_Cat
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