The tech world was buzzing with excitement when Elon Musk, the owner of X (formerly Twitter), Tesla, and SpaceX, challenged Mark Zuckerberg, the CEO of...
China’s Stock Market Slumps as Economic Woes Mount
China’s benchmark stock index, the CSI 300, is close to erasing all of the gains it made since a key political meeting was held in...
US Banks Face Liquidity and Profitability Challenges, Moody’s Warns
The US banking sector is under pressure from multiple factors, including the withdrawal of deposits, the rise of interest rates, and the looming threat of...
Oil Prices Set to Rise Further as Global Demand Reaches Record High, IEA Warns
The International Energy Agency (IEA) has warned that global oil prices could continue to climb higher in the coming months, as the world’s oil demand...
PayPal’s Stablecoin Launches Amid Crypto Industry Developments
PayPal, one of the world’s largest online payment platforms, has announced the launch of its own stablecoin, PayPal USD (PYUSD), which is pegged to the...
Tapestry acquires Capri Holdings for $8.5 billion, creating a new American luxury giant
Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, has announced that it will buy Capri Holdings, the owner of Versace, Jimmy Choo,...
Is it possible for any company to be successful? A Reddit user sparks a debate
A Reddit user posted a question on the r/business subreddit, asking whether it is possible for any company to be successful. The user, who goes...
U.S. invests in large-scale facilities to remove carbon from the air
The U.S. Department of Energy (DOE) has announced that it will award up to $1.2 billion to two projects that aim to directly remove carbon...
US stocks end the week on a mixed note amid inflation uncertainty
US stocks closed the week with mixed results as investors weighed the implications of the latest inflation data for the Federal Reserve’s monetary policy. The...
Biden warns of China’s economic troubles as a potential threat
US President Joe Biden has described China as a “ticking time bomb” due to its economic challenges, saying that the country was facing problems such...
Zuckerberg Dismisses Musk’s Claims About Cage Match in Rome
Mark Zuckerberg, the founder and CEO of Meta Platforms Inc., the company that owns Facebook, Instagram, and Threads, has expressed his skepticism about the cage...
NextEra Energy: A Green Powerhouse with a Growing Dividend
NextEra Energy (NEE) is the largest electric utility in the U.S. with a market value of $138 billion. It operates two businesses: Florida Power &...
Rising US Treasury yields weigh on Nasdaq and S&P 500 as big tech stocks slump
The Nasdaq and the S&P 500 closed lower on Friday, with both recording a second straight weekly decline, as hotter-than-expected U.S. producer prices data pushed...
How a bear steepener in the bond market could hurt the stock market
A bear steepener is a term used to describe a situation in the bond market where long-term interest rates rise faster than short-term interest rates,...
Nikola halts sales and recalls all electric trucks after fire incidents
Nikola, the electric and hydrogen semi truck maker, announced on Friday that it was recalling all the battery-powered electric trucks that it has delivered so...
WynnBET exits eight U.S. states amid online sports betting challenges
Wynn Resorts, the parent company of WynnBET, announced on Friday that it will close its online sports betting and iGaming platform in eight U.S. states,...