Business

Morgan Stanley Lifts Robinhood Target to $150, Sees 43% Upside

Morgan Stanley raised its Robinhood price target to $150 from $124 on September 1, citing 43% upside from deeper user monetization rather than crypto.

Trump Warns Communities Opposing AI Data Centers Risk Becoming ‘Backwards and Poor’

President Trump warned US communities rejecting AI data centers risk becoming 'backwards and poor,' as local resistance grows ahead of November's midterms.

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.

Alibaba Chairman Joe Tsai Highlights Recovery and AI Focus Amid Challenges

Alibaba Group Holding chairman Joe Tsai said the company is now “on a very good path” after overcoming several years of setbacks, including regulatory...

Shanghai’s Luxury Property Market Thrives Amid National Downturn

Shanghai’s luxury residential property market continues to defy national trends, with affluent buyers investing heavily in premium homes amid broader economic concerns. This resilience...

Bullet Trains Surpass Flights on Beijing-Shanghai Route as Passengers Prioritize Speed and Comfort

Passengers traveling between Beijing and Shanghai are increasingly favoring high-speed trains over flights, as China's modern rail system continues to outpace the air travel...

Surge in Hong Kong and Chinese Investment Fuels UAE Property Boom

The UAE property market, particularly in Abu Dhabi and Dubai, is drawing increasing interest from investors in Hong Kong and mainland China. Recent activity...

Comcast Launches Epic Universe to Rival Disney with $7 Billion Universal Orlando Expansion

For many years, Universal Orlando Resort was often seen as a secondary destination for travelers visiting Walt Disney World. However, Comcast, the owner of...

Fusion Energy and AI: The Future of Clean, Reliable Power

The rapid rise of artificial intelligence has driven a surge in global energy demand, with powerful supercomputers consuming vast amounts of electricity. Interestingly, some...

Jony Ive Joins OpenAI to Lead Design of Next-Gen AI Hardware

Before leaving Apple in 2019, Jony Ive was synonymous with groundbreaking hardware design, narrating videos that showcased the physical beauty of Apple’s flagship products...

Hinge Health Prices IPO at $32 per Share, Valued at $2.6 Billion

Hinge Health, a digital physical therapy company, priced its initial public offering at $32 per share on Wednesday, the upper end of its expected...

U.S. Chip Export Controls Face Growing Scrutiny Amid China’s AI Rise

Replacing Nvidia in China is no small feat, but analysts warn that Chinese tech firms are narrowing the gap—ironically, aided by U.S. export restrictions....

Hong Kong Enacts Stablecoin Regulation to Strengthen Crypto Oversight

Hong Kong has passed a landmark stablecoin bill aimed at expanding its virtual asset regulatory framework, signaling the city’s commitment to fostering innovation while...

ASML’s $400M High NA Machine Revolutionizes Advanced Chipmaking

In a highly secure lab in the Netherlands, ASML has developed the world’s most advanced and expensive chipmaking machine—High NA, short for high numerical...

Apple Devices to Power First U.S. Hospital at Emory Hillandale

Emory Healthcare has announced that Emory Hillandale Hospital, a 100-bed facility near Atlanta, will become the first hospital in the United States to fully...

OpenAI, Oracle, Nvidia, and Cisco Launch Massive AI Infrastructure Project in UAE

Technology leaders OpenAI, Oracle, Nvidia, and Cisco have announced a major partnership to develop a large-scale artificial intelligence hub in the United Arab Emirates,...

Kraken Launches Tokenized Stocks on Solana Blockchain for Global Users

Kraken, a leading crypto exchange with a long history of legal challenges over digital asset offerings in the United States, is taking a significant...

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