CINCiN beverages entered the market around a year ago with a focus on making a lighter, high-quality alternative to traditional drinks. The drinks company was founded by siblings Julian and Claudette van den Berg alongside their father Frank, and the drinks finally launched on 12 December 2024. Entering into a volatile and competitive market, the family business was able to succeed in its fi
Applications for new United States unemployment benefits surged by the largest amount since the pandemic, underscoring a volatile market at this time of year. Initial claims jumped by 44,000 to 236,000 for the week ending 6 December, according to data from the Labor Department. This marks the largest increase since March 2020 and follows the lowest level of applications in more than three ye
South Korean Chipmaker SK Hynix is considering listing in the United States to boost its valuation, as it aims to increase its factory capacity. SK Hynix’s U.S. listing would be on the New York Stock Exchange, the Korea Economic Daily reported. It would list around 2.4% of its foreign shares as American depositary receipts. “Our company is considering various measures to enhance corporate va
The United States’ trade deficit fell in September to its lowest level since 2020, as gold exports surged. The deficit was US$52.8 billion, dropping 10.9%. Exports were up 3% to $289.3 billion, while imports rose 0.6% to $342.1 billion. September’s narrowing deficit “reflected a decrease in the goods deficit of $7.1 billion to $79.0 billion and a decrease in the services surplus of $0.6 bill
OpenAI announced that it will launch Chat GPT-5.2, which it claims to be its best offering for everyday professional use. The model will be better than previous models at creating spreadsheets, building presentations, perceiving images, writing code and understanding long context, according to OpenAI. “We designed 5.2 to unlock even more economic value for people,” OpenAI’s chief product off
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The Walt Disney Company has announced that it will make a US$1 billion (A$1.5 billion) investment into OpenAI and has become a licensing partner with Sora AI. In a joint statement between the companies, they said more than 200 animated characters will be available on OpenAI’s short-form video generator Sora. The characters will be from a range of franchises, including Disney, Marvel, Pixar a
The Trump administration has said it would like to require 5 years of social media history for visa applications moving forward. The new rules would impact citizens of 40 currently visa-exempt nations, including Australia. Social media history dating back to 2019, five years of phone numbers and 10 years of email addresses would be required for “enhanced vetting”.Credit: The U.S. Federal Reg
Google DeepMind has confirmed plans to construct an automated research laboratory in the United Kingdom, marking a significant expansion of its physical infrastructure in the region. The Alphabet-owned company revealed the facility plans alongside a renewed agreement with the UK government. Set to open in 2026, the lab will integrate with DeepMind’s Gemini AI models, utilising robotics to sy
Costco exceeded fiscal first-quarter expectations on Thursday amid continued momentum as shoppers seek value across grocery, household and discretionary categories. Costco reported earnings per share of $4.50, ahead of the $4.27 expected. Revenue reached $67.31 billion, slightly above forecasts of $67.14 billion and up from $62.15 billion in the prior corresponding period (pcp). The company
While United States electric vehicle (EV) manufacturer, Rivian Automotive (NASDAQ: RIVN) has taken a bold step into the next era of autonomous driving, unveiling its own custom AI chip, a fresh suite of self-driving software and long-term robotaxi ambitions, the market’s initial reaction was far from enthusiastic. Rivian used its first Autonomy and AI Day to outline a sweeping plan: replace Nv