Business

Bessent Urges Japan to Hike Rates and Strengthen Yen

US Treasury Secretary Scott Bessent called on Japan to raise interest rates and steady its finances, pointing to a possible Bank of Japan hike in September

Trump Says Exxon Entering Venezuela as US Claims 65 Billion Barrels

Trump said Friday the US secured majority control of 65 billion barrels of Venezuelan reserves and that Exxon would return, though gas prices are unlikely

Bessent Urges Japan to Hike Rates and Strengthen Yen

US Treasury Secretary Scott Bessent called on Japan to raise interest rates and steady its finances, pointing to a possible Bank of Japan hike in September

Pentagon Gets 35% Stake in Venezuela Oil Firm Under $100 Billion Deal

The White House confirmed a Venezuela oil deal granting the Pentagon a 35% stake and NABEP 100-year concessions over 17 fields holding 65 billion barrels.

Shein Shares Plunge Up to 28% in Grey Market Before Hong Kong Debut

Shein shares fell as much as 28% in the grey market a day before its Hong Kong listing, deepening doubts over the fast-fashion giant's cut valuation.

AI Chip Startup Rebellions Secures Samsung Investment, Eyes $200M Funding Round

South Korean AI chip startup Rebellions has secured fresh investment from tech giant Samsung and is currently in the midst of raising up to...

PayPal Beats Q2 Estimates but Faces Profitability Concerns

PayPal posted stronger-than-expected results for the second quarter but saw its shares drop more than 8% as concerns over profitability metrics emerged. While the...

Spotify Shares Tumble on Weak Earnings and Guidance

Spotify shares fell more than 11% Tuesday, marking their worst single-day performance since July 2023. The sharp decline followed disappointing second-quarter results and weaker-than-expected...

Rare Earth Elements: A Strategic Battleground in the U.S.-China Trade War

Rare earth elements consist of 17 elements on the periodic table with unique atomic structures that grant them special magnetic properties. These materials are...

Meta Overhauls AI Strategy After Setbacks with Llama 4, Invests Billions in Talent and Tech

Meta’s attempt to compete with OpenAI by emulating innovations from a Chinese AI startup backfired, prompting a major overhaul of its artificial intelligence strategy....

Apple Launches Manufacturing Academy in Detroit to Boost U.S. Manufacturing Skills

Apple is responding to growing pressure to increase U.S.-based manufacturing by launching the Apple Manufacturing Academy in downtown Detroit. Scheduled to open in August,...

Cash App Launches Pools to Expand Peer-to-Peer Payments Beyond Its Network

Cash App, owned by Block, is taking a bold step to enhance its peer-to-peer payment services with the launch of Pools, a new feature...

Palo Alto Networks Explores $20 Billion Acquisition of CyberArk Amid Cybersecurity Boom

Shares of CyberArk surged 13% after reports emerged that Palo Alto Networks, a major player in cybersecurity, is considering a purchase of the identity...

Anthropic Eyes $3-5 Billion Funding Round at $170 Billion Valuation

Anthropic, a leading artificial intelligence startup and competitor to OpenAI, is currently in discussions to raise between $3 billion and $5 billion in a...

LG Energy Solution Signs $4.3 Billion Battery Supply Contract Amid U.S. Expansion

South Korea-based LG Energy Solution announced it has signed a $4.3 billion contract to supply batteries to a major corporation, though it has not...

HSBC Reports Q2 Profit Miss Amid Restructuring and Economic Challenges

Europe’s largest lender, HSBC, reported second-quarter profit that missed expectations, largely due to impairment charges related to a Chinese bank and lost income from...

Investors React to Tariff Impact as Key Company Earnings Disappoint

On Tuesday, earnings reports from several major companies highlighted the growing impact of tariffs on consumer behavior and the broader economy. Investors appeared to...

NFL Employee Seriously Injured in Midtown Manhattan Shooting; Suspect Linked to CTE Claim

NFL Commissioner Roger Goodell informed league employees that one of their colleagues was seriously injured in a shooting that took place Monday evening at...

Procter & Gamble Beats Estimates but Warns of $1 Billion Tariff Impact in 2026

Procter & Gamble reported quarterly results that exceeded Wall Street expectations, closing its fiscal 2025 with solid gains in sales and profits despite ongoing...

- A word from our sponsors -

spot_img

Follow us

HomeBusiness