As the U.S. government shutdown extends beyond 20 days, ICE continues operations without pay, arresting individuals convicted of serious crimes, including two Indian nationals.
Browsing: Finance
JPMorgan CEO Jamie Dimon warns that recent bankruptcies in the auto industry may signal deeper risks in corporate lending after years of lax credit standards.
The U.S. market boom of 2024–2025 has magnified wealth inequality, as record stock and crypto gains overwhelmingly enrich the already affluent while leaving most Americans behind.
Oracle projects cloud infrastructure revenue to hit $166 billion by 2030, driven by diversified enterprise demand beyond its high-profile partnership with OpenAI.
Meta is finalizing a record $30 billion financing deal with Blue Owl Capital to build its massive Hyperion AI data center in rural Louisiana by 2029.
TSMC raises its full-year revenue forecast and posts record profits, driven by surging global demand for AI chips and strong partnerships across the semiconductor industry.
AI-driven document intelligence startup Reducto raises $75 million in Series B funding led by Andreessen Horowitz to advance its vision-language model-powered document processing platform.
As U.S. consumers grow wary of the economy ahead of the holiday season, spending cuts—especially among Gen Z and millennials—signal fading financial resilience.
PayPay, Japan’s leading mobile payment app backed by SoftBank, prepares for a U.S. IPO, showcasing its growth, cashless innovation, and expanding financial services ecosystem.
Goldman Sachs to acquire Industry Ventures for $965M, gaining one of the largest U.S. venture capital portfolios and expertise in secondary and hybrid fund investing.
General Motors faces a $1.6 billion loss as it scales back EV production amid dwindling government support, slower adoption, and changing U.S. policy on electric vehicles.
NASA’s Jet Propulsion Laboratory has laid off 550 employees, about 10% of its workforce, as part of a broad realignment to secure its future operations.
Alphabet, Google’s parent company, will invest $15 billion to build a massive AI data center in Visakhapatnam, marking its largest global AI hub outside the U.S.
JPMorgan Chase has announced a decade-long initiative to finance and invest directly in companies deemed vital to U.S. interests
U.S. negotiators are urging India to relax e-commerce rules that bar foreign-owned platforms like Amazon and Flipkart from holding inventory, sparking policy and trade debates.
Accenture outpaces India’s top IT firms with $4.8 billion in new business, driven by AI-led growth, record generative AI deals, and diversified digital investments.
Cristiano Ronaldo becomes the first soccer player to reach billionaire status with an estimated net worth of $1.4 billion, driven by record earnings, endorsements, and investments.
OpenAI’s new study reveals AI now matches or surpasses human performance in nearly half of real-world job tasks, raising fresh concerns about automation and employment.
Citadel’s Ken Griffin warned that investors are starting to consider gold as a safer asset than the dollar, calling the trend “really concerning.”
Trilogy Metals surged over 200% after the White House announced a $35.6 million investment, marking a major shift in U.S. critical minerals strategy and policy.
President Donald Trump’s proposed cap on international students could reshape U.S. higher education, impacting university finances, global enrollment trends, and America’s standing as an education hub.
Rite Aid, one of America’s oldest pharmacy chains, has officially shut down after decades of service, following bankruptcy, opioid lawsuits, and mounting financial struggles.
Elon Musk becomes the first person to surpass $500 billion net worth, driving innovation through Tesla, SpaceX, Neuralink, and other ventures shaping technology, energy, and space exploration.
Trump’s proposed “compact for academic excellence” pressures universities to drop diversity factors in admissions for federal funding, sparking sharp resistance from Gov. Gavin Newsom defending academic freedom.
Microsoft is striking multibillion-dollar deals with “neoclouds” like Nebius, CoreWeave, Nscale, and Lambda to rapidly expand AI computing capacity and meet soaring global demand.