The energy sector has been one of the best performers in the first half of 2023, as the global economy recovers from the pandemic and...
Disney’s Future: A Hot Topic Among Hollywood Elite
Disney’s future is a hot topic among Hollywood elite, as speculation mounts over the possible breakup of the media and entertainment giant. The company’s CEO,...
US to probe cloud security practices after Microsoft Exchange hack
The US Department of Homeland Security (DHS) has announced that its Cyber Safety Review Board (CSRB) will conduct a review on the cloud security practices...
AMC Wins Court Approval for Stock Conversion Plan, APE Holders Rejoice
AMC Entertainment Holdings, the world’s largest movie theater chain, has received a green light from a Delaware court to convert its preferred equity units, known...
The Bubble Continues to Burst in the Cannabis Industry as Pick and Shovel Plays Flop on Earnings
The cannabis industry has been facing a harsh reality check as many of the ancillary businesses that were expected to benefit from the legalization wave...
Gasoline and Food Prices Threaten to Push Up Inflation Again
After a period of decline, inflation in the US and other major economies may rise again due to the increasing costs of gasoline and food,...
Bank of China accelerates digital yuan rollout across the country
The Bank of China, one of the four major state-owned commercial banks in China, has announced that it will start to offer digital yuan services...
Stock Market Movers: Top Gainers and Losers of the Week
The stock market had a volatile week, with major indexes swinging between gains and losses amid mixed earnings reports, economic data, and geopolitical tensions. Here...
SK Telecom invests $100 million in AI startup Anthropic
SK Telecom, the largest telecommunications company in South Korea, announced on Sunday that it will invest $100 million in Anthropic, a U.S.-based artificial intelligence (AI)...
Chesapeake Energy completes its exit from Eagle Ford basin with $700 million deal
Chesapeake Energy, one of the largest natural gas producers in the United States, has announced that it has sold its remaining assets in the Eagle...
China’s economic woes deepen as credit and property sectors slump
China’s economy is facing more challenges as the latest data showed a sharp decline in credit growth, a worsening property crisis and low consumer sentiment....
Netflix Offers $900,000 Salary for AI Job Amid Hollywood Strikes
Netflix, the streaming giant, has posted a job listing for an artificial intelligence product manager that offers a salary of up to $900,000 per year....
U.S. Steel Rejects Cleveland-Cliffs’ $7.3 Billion Takeover Bid
Cleveland-Cliffs, the largest flat-rolled steel producer in North America, announced on Sunday that it had made a cash-and-stock offer to acquire U.S. Steel, the second-largest...
Mastercard invests in MTN’s fintech unit to expand digital payments in Africa
Mastercard Inc., one of the world’s leading payment processors, has agreed to buy a minority stake in the fintech unit of MTN Group Ltd., Africa’s...
China’s New Plan to Boost Foreign Investment Amid Economic Slowdown
China has announced a new plan to attract more foreign investment and improve its business environment, as it faces a slowing economy and rising tensions...
Tesla Slashes Model Y Prices in China Amid EV Competition
Tesla Inc. has announced a new round of price cuts for its Model Y electric SUVs in China, sparking concerns of a renewed price war...