Business

FTC and 22 States Sue Amazon Over Inflated Ad Auction Prices

The FTC and 22 states sued Amazon on Monday, alleging it overcharged 1.2 million advertisers by inflating online ad auction prices.

US Army Secretary Dan Driscoll Resigns After 18 Months on the Job

US Army Secretary Dan Driscoll is stepping down after 18 months, the White House said Monday, amid reported friction with Defense Secretary Pete Hegseth.

Meta May Overtake Google Search in Ad Revenue This Year, Bernstein Says

Bernstein analysts say Meta could pass Google Search in advertising revenue by year-end 2025, driven by returns on its roughly $60 billion AI spending.

PG&E Sinks 18%, Edison Falls 23% as California Wildfire Bill Omits Liability Cap

PG&E fell 18% and Edison International 23% after a California wildfire bill offered victim protections but no cap on utility liability, exposing investors

Supreme Court Lets Trump Continue $400 Million White House Ballroom Construction

A divided US Supreme Court ruled 5-4 on Monday to let the White House continue building a $400 million ballroom while lawsuits proceed. Roberts dissented.

Intel Stock Tumbles as Manufacturing Woes Overshadow Earnings

Intel's stock plummets after weak Q4 earnings and a disappointing outlook, citing manufacturing and supply chain issues that hinder its ability to meet AI data center demand.

JP Morgan CEO Jamie Dimon Slams Trump’s Credit Card Cap as ‘Economic Disaster’

JPMorgan Chase CEO Jamie Dimon has issued a stark warning against former President Donald Trump's proposal to cap credit card interest rates at 10%....

Blue Origin Launches ‘TeraWave’ to Challenge SpaceX’s Starlink in Satellite Internet Race

Blue Origin announces TeraWave, a 5,408-satellite constellation to rival SpaceX's Starlink and Amazon's Leo, targeting enterprise and government users with high-speed internet.

AI Titans Clash: Musk and Altman Trade Barbs Over AI Safety and Tesla Autopilot Deaths

Elon Musk and Sam Altman's feud escalates on X, with accusations over ChatGPT and Tesla Autopilot safety, amidst ongoing legal battles.

Gold Prices Soar Past $4,800 Amidst Geopolitical Storms and Safe-Haven Rush

Gold prices surge above $4,800 per ounce driven by geopolitical tensions, safe-haven demand, and a weaker US dollar. Explore the factors influencing this record-breaking rally and what it means for investors.

Nvidia’s Jensen Huang says robotics is Europe’s “once-in-a-generation” opportunity

Nvidia CEO Jensen Huang says robotics and “physical AI” are a once-in-a-generation opportunity for Europe, urging the region to fuse AI with its industrial strength at Davos 2026.

Kuaishou’s Kling AI tops 12 million monthly users as revenue surges

Kuaishou’s Kling AI has reportedly surpassed 12 million monthly active users as the AI video platform’s revenue climbs, pushing its annualized run rate toward $240 million.

Apple in talks with Visa and Mastercard to bring Apple Pay to India in 2026

Apple is reportedly in talks with Visa and Mastercard to launch Apple Pay in India, targeting a phased rollout in 2026 as it seeks regulatory and commercial approvals.

Apple overtakes Samsung to become the world’s top smartphone seller

Apple overtook Samsung as the world’s top smartphone seller in 2023, with IDC estimating 234.6 million iPhone shipments and a 20.1% market share despite a global market decline.

Elon Musk and Ryanair CEO in Public Feud: Musk Jokes About Buying Airline

Explore the public feud between Elon Musk and Ryanair CEO Michael O'Leary, including insults, a "Big Idiot Seat Sale," and Musk's jokes about buying the airline.

German AI Startup Parloa Skyrockets to $3 Billion Valuation

German AI startup Parloa triples its valuation to $3 billion in a recent funding round, showcasing the growing demand for AI in customer service automation.

China’s Rare Earth Exports Dip Amidst Rising Tensions with Japan

China's rare earth product exports declined in December amid rising tensions with Japan, sparking concerns over potential future export controls on these vital materials used in high-tech manufacturing.

Paramount Courts French President Macron in Bid for Warner Bros. Discovery

Paramount Skydance executives met with French President Emmanuel Macron and UK officials as part of a European push to gain support for its $108.4 billion bid for Warner Bros. Discovery, while preparing for a proxy fight against Netflix.

China’s Dongfeng Eyes Turkish Production for Passenger Cars

Chinese automaker Dongfeng Motor is reportedly in discussions with an investor to establish passenger car production in Turkey. This move signals a growing trend...

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