US stock futures remained largely unchanged on Tuesday evening, as investors awaited the release of January’s critical inflation report. The report’s findings are expected to offer crucial insights into the Federal Reserve’s interest rate plans, against a backdrop of fast-moving economic policies under President Donald Trump. The January CPI report is slated for release on… Continue reading S&P 500 futures hold steady as market braces for inflation report and Fed signals
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Elon Musk’s OpenAI bid sparks legal chaos and investor doubts: just as he planned?
OpenAI CEO Sam Altman’s terse “no” at a Paris conference seemed to shut the door on Elon Musk’s surprise $97.4 billion bid. But experts say the reality is far more complex. Musk’s play, technically aimed at OpenAI’s nonprofit assets, could be less about acquiring control and more about strategically disrupting Altman’s efforts to reshape OpenAI’s… Continue reading Elon Musk’s OpenAI bid sparks legal chaos and investor doubts: just as he planned?
How many billions will California fires cost the US economy?
A fast-moving wildfire freshly tore through the Hollywood Hills early Thursday, threatening a region synonymous with the American film industry. The blaze added to the strain on millions of Los Angeles residents already grappling with devastating fires that have decimated entire neighborhoods and turned the skies into a smoky, ember-filled haze. At least five lives… Continue reading How many billions will California fires cost the US economy?
Uniqlo operator sees Q1 profit rise amid sluggish China performance
The operator of the global clothing chain Uniqlo reported first-quarter results on Thursday that, while showing a rise in profits, fell slightly short of analyst expectations. A sharp decline in profit in China overshadowed strong sales in its home market of Japan, highlighting the complexities of balancing global growth in a dynamic retail environment. Fast… Continue reading Uniqlo operator sees Q1 profit rise amid sluggish China performance
MicroStrategy stock’s run has been promising so far, but here’s what could go wrong
The post MicroStrategy stock’s run has been promising so far, but here’s what could go wrong appeared first on Invezz
Billionaire Frank McCourt’s Project Liberty offers to acquire TikTok’s US assets
As the deadline for a potential US TikTok ban approaches, businessman Frank McCourt’s Project Liberty has made a bold move. Just days before the Supreme Court hears arguments on the ban, McCourt’s internet advocacy nonprofit submitted a proposal to purchase the popular social media platform from its Chinese owner, ByteDance. The bid, part of the… Continue reading Billionaire Frank McCourt’s Project Liberty offers to acquire TikTok’s US assets
Trump tariffs? No problem, says Rolls-Royce CEO
Rolls-Royce CEO Chris Brownridge, like many importers, is aware of President-elect Donald Trump’s plans to impose a range of tariffs on various countries. However, he remains unperturbed, citing that business has rarely been better for the luxury carmaker, whose products start at $370,000. The company’s resilience, particularly in the face of potential trade barriers, underscores… Continue reading Trump tariffs? No problem, says Rolls-Royce CEO
Biden set to tighten Nvidia AI chip exports to maintain US AI dominance
The Biden administration is preparing a final round of export restrictions on advanced artificial intelligence (AI) chips, marking a last-minute effort to limit China and Russia’s access to cutting-edge technologies, as per a Bloomberg report. The proposed measures aim to consolidate US leadership in AI development and ensure global compliance with American security and human… Continue reading Biden set to tighten Nvidia AI chip exports to maintain US AI dominance
Apple Pay down: users report Apple Cash issues disrupting payments across platforms
Apple Pay users faced a frustrating disruption on Wednesday afternoon as the payment service, particularly Apple Cash, experienced widespread outages. Reports of the issue began surfacing around 1 p.m. EST, leaving many users scrambling to find alternative payment methods. The outage, which primarily impacted fund transfers and access to Apple Cash, sparked confusion and frustration… Continue reading Apple Pay down: users report Apple Cash issues disrupting payments across platforms