1Politicstheedgemalaysia.com
China test fires missile into Pacific, alarming regional powers
China has launched a missile into the Pacific, which has been described as a routine exercise by the country's Foreign Ministry. The launch was not directed at any specific country or target, but it was likely to be the JL-3, China's most advanced submarine-launched missile, which could reach the continental United States from Chinese coastal waters. The timing of the test coincided with the signing of a mutual defence pact between Fiji and Australia. Australia, New Zealand and Japan were only given short notice about the test. The test comes amid a rapid military buildup by China, which Australia and other Western powers have been competing for years for influence in the strategically located island nations.
2Sportsca.headtopics.com
Royals Score in Every Inning in 15-1 Rout of Phillies
The Kansas City Royals defeated the Philadelphia Phillies 15-1, marking the second time in franchise history the team scored in every inning they batted to secure a win. Highlights included Luke Maile's first homer of the season, Salvador Perez's 314th career blast, and Tyler Tolbert's career-high five hits. The Royals, who entered the game with the second-worst record in the league, scored a run in every single inning they were at the plate. This is also the longest streak in team history, breaking a record set in 1998. Despite the win, the Royals are still in last place in the AL Central and have lost eight of their last 11 games.
3Businessmy.headtopics.com
Samsung forecasts record quarterly profit, beating estimates on AI memory demand
Samsung Electronics has forecasted a 19-fold increase in Q2 operating profit from the previous year, surpassing its combined earnings over the past three years. The world's largest memory chipmaker estimated April-June operating profit at 89.4 trillion won, beating an LSEG SmartEstimate of 87.3 trillion won. It also predicted that revenue would rise 129% to 171 trillion won from a year earlier. Analysts suggest that AI-driven demand continues to boost memory chip prices. While Samsung's memory business is expected to post another strong quarter, losses at its foundry and logic chip businesses are likely to widen due to bonus expenses allocated across the semiconductor division. South Korean President Lee Jae Myung has ordered officials to quickly work on major chip and AI projects.
4Financemy.headtopics.com
Trump says a resolution to Ukraine war is 'getting closer' after talks with Putin and Zelenskiy
U.S. President Donald Trump has stated that a resolution to the Ukraine war is "getting closer than people realize" following talks with Russian President Vladimir Putin and Ukrainian counterpart Volodymyr Zelenskiy. The statement came after Samsung Electronics forecasted a 19-fold increase in Q2 operating profit from the previous year, surpassing its combined earnings over the past three years due to an AI boom that has driven up memory prices. Kremlin spokesman Dmitry Peskov said he believed the U.S.'s position on resolving the conflict remained unchanged. Zelenskyy also expressed his belief that the conflict can be ended.
5Weathernorthlandnewsradio.com
Storms kill at least eight in central China as Typhoon Bavi looms offshore
At least eight people have been killed in central China due to thunderstorms in Hubei Province. The National Meteorological Centre has warned of more torrential rainfall across various parts of the country. The heavy rain is expected to cause significant damage to agricultural crops. Meanwhile, Super Typhoon Bavi is moving towards the Philippines, with winds reaching up to 180 mph.
6Techsanluisobispo.com
Reddit is cracking down on AI marketing slop with its own AI
Reddit Inc. is using its AI to combat the stealth marketing of AI marketing content created by brands seeking to be mentioned by popular artificial intelligence chatbots like ChatGPT and Gemini. The social media site caught 25,000 "spammy posts and comments" a day in Q1, reducing exposure for users by 20% over the same period one year ago. The move highlights the growing practice of generative engine optimization, or GEO, which has been gaining traction in the marketing industry as brands compete for online attention. The crackdown has already had an impact on marketers like ReachLLM, which works with brands to boost their AI responses by creating content on Reddit. However, there is an increased risk of account suspensions due to the increasing sophistication of the technology.
7Financebellinghamherald.com
Trump Bitcoin reserve faces hurdles as departments seek control
The Trump administration's plan to create a Strategic Bitcoin Reserve has faced challenges as two government departments are vying for control. The reserve was ordered last year by President Donald Trump as part of his plan to make America the "crypto capital of the world". The Treasury Department is being questioned about whether it can legally manage the crypto trove, which could be stored indefinitely due to the volatile nature of the cryptocurrency. The Justice Department is working with both Treasury and Commerce departments to determine legally available options to implement the president's policy. The U.S. government is one of the largest global owners of Bitcoin, with over $20 billion worth at current prices.
8Autosanluisobispo.com
Toyota to shift production of truck from Mexico plant to Texas
Toyota Motor Corp. is moving production of its Tacoma midsize truck from a plant in Mexico to San Antonio, Texas, as part of a $3.6 billion investment in the facility. The move comes as talks between the U.S. and Mexico fail to renew a North American free trade agreement. The expansion will double the size of the plant to about 5 million square feet and bring Toyota's total spending at the site to $8.3 billion since it broke ground there 23 years ago. The company is set to potentially overtake General Motors Co. in terms of new car sales volume later this year.
9Businessnorthlandnewsradio.com
George E. Johnson, founder of pioneering Black hair products company, dead at 99
George E. Johnson, founder of the Johnson Products Company, a pioneering Chicago entrepreneur, has died at the age of 99. The company, which he co-founded with his first wife, Joan Johnson, revolutionized Black hair care in the US with brands like Afro Sheen, Ultra Wave and Classy Curl, became the first Black-owned company listed on the American Stock Exchange, now known as NYSE American. Johnson died of natural causes. His business roots illustrate the difficulties minority entrepreneurs faced during the civil rights movement. After their divorce, ownership of their business changed hands several times before a majority African American investment firm acquired the business from Procter & Gamble.
10Financewtbx.com
Yen pinned near 40-year low in test of Tokyo’s intervention resolve
The yen has weakened again, with traders pushing the currency further with no sign of intervention by Japanese authorities. The yen struggled near its lowest level against the British pound since 2007 at 217.09. The euro last bought 185.47 yen, following a 0.5% rise in the previous session. Despite speculation that Japan might intervene during the U.S. holiday, no action has been taken. The dollar is on shaky ground as investors reduce expectations of U.K. rate hikes this year following a disappointing jobs report. The Australian dollar steadied at $0.6955 and the New Zealand dollar rose by 0.02%.
