Headlines Summary Aug 29, 2024

Corporate And Financial Performance - Abercrombie, Foot Locker, Kohl's, Nordstrom and other mall chains reported mixed quarterly results. - The graphics chip maker has morphed into a cultural phenomenon, a symbol for the mania around artificial intelligence. - The AI chip giant said sales in the three months through July more than doubled from a year earlier to $30 billion. Nvidia's profit also more than doubled to $16.6 billion. - CrowdStrike cut its outlook for the year and issued downbeat guidance for its current quarter, reflecting the impact of one of the worst computer outages ever. - Lego posted record sales and operating profit in the first half, which the Danish toy maker attributed to consumer appetite for a growing line of products. Geopolitical And National Security Concerns - A disturbing diffidence from some experts in his orbit, who want Taipei to spend more on defense. - Almost all power resides in the executive branch. Trump would move it back to the White House. - National security adviser also holds talks with Foreign Minister Wang Yi in bid to manage differences on Russia, Taiwan and the South China Sea. - The U.S.-made missiles could hit hundreds of military targets if Biden let Ukraine use them. - China's low-consuming, high-investing economy guarantees conflict with other countries. Legal And Regulatory Challenges - A lawsuit challenges the federal McNair program that funds aspiring doctoral students. - Rules meant to prevent criminals from laundering illicit money through investments or real estate are slated to go into effect by the beginning of 2025. - The Third U.S. Circuit Court of Appeals ruled TikTok could potentially be liable for recommending content for a 'blackout challenge' to a girl who died. - Yelp alleges Google leverages its general search monopoly to control the local search and local search advertising markets. - An appeals court revived Sarah Palin's defamation suit against the New York Times, ruling that a trial judge committed errors in presiding over the former Republican vice-presidential candidate's case. Environmental And Energy Issues - U.S. crude oil stockpiles fell last week as refineries raised their capacity use, according to data released by the U.S. Energy Information Administration. - The Sounion is carrying a million barrels of oil, and a U.N. group warns that a spill could devastate the coasts of Red Sea countries. - Switching to plastic alternatives would help slow man-made global warming, right? Not so fast, says a new study in Environmental Science & Technology. - Oil futures edged higher. Prices were likely to be volatile as investors balance the impact of short supply against weak demand, Nanhua Futures analysts said. - Currently, if functional, the port can manage only 11 million tons of bulk cargo annually, just 17 percent of Karachi Port's cargo. Social And Cultural Trends - Richly compensated players, radical conference realignment, students transferring like free agents: This is college football? - Six years after Kate Spade's death by suicide, her towering legacy is as misunderstood as ever. - A 21-CD set highlights one of the great violinists of the 20th century, whose warm, elegant playing deserves to be better known. - The breakouts of this NFL season are a distinctly American take on a British export: WAGs, the wives and girlfriends shining as bright as the star players. - Trump is trying to be the hard surface that prevents her from floating into office.

Hope you find this useful! This is an AI generated summary based on news headlines collected over the past 24 hours Generated on Aug 29 at 2024 15:08 UTC

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