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Business

Business

Fed Independence Under Fire as Atlanta Chief Steps Down Amid Trump Attacks

Editorial Team -
The head of the Federal Reserve Bank of Atlanta is stepping down, a move that comes as the US central bank faces an extraordinary campaign of pressure from President Donald Trump. Raphael W. Bostic announced he will retire in...
Business

SoftBank Cashes Out of Nvidia to Back AI Future with OpenAI

Editorial Team -
In a bold move reshaping global tech portfolios, SoftBank has exited its Nvidia position worth $5.8 billion to reinforce its growing alliance with OpenAI. The sale sparked investor debate over whether AI-driven valuations have peaked. SoftBank’s quarterly profits soared...
Business

“US Industry Was Lost”: American Firms Demand Tariffs on 700 More Steel-Based Goods

Editorial Team -
American manufacturers are waging a determined campaign for protection against what they describe as crippling foreign competition. In formal requests to the US Department of Commerce, hundreds of firms have asked for tariffs to be applied to roughly 700...
Business

Google’s Gemini to Power Siri’s New Brain in $1 Billion ‘Behind-the-Scenes’ Pact

Editorial Team -
Google is on the verge of securing a massive $1 billion-a-year contract to become the AI engine for its biggest rival, Apple. This monumental deal will see Google's advanced Gemini AI model integrated deep within Apple's ecosystem to power...
Business

World’s First Trillionaire? Not if Norway’s Wealth Fund Has Its Way

Editorial Team -
Elon Musk’s path to becoming the world’s first trillionaire has hit a major hurdle. Norway's sovereign wealth fund, a powerful $17 billion investor in Tesla, announced it will vote "no" on the $1 trillion pay deal designed to secure...
Business

China’s Oil Giants Hit Pause on Russian Crude Amid Sanction Fears

Editorial Team -
A wave of fear over new Western sanctions has prompted China's largest oil refiners to halt purchases of Russian crude. State-owned giants, including Sinopec and PetroChina Co., have reportedly canceled Russian cargoes. This move comes in direct response to...
Business

AWS Reports Fastest Growth Since 2022, Shaking Off Major Outage

Editorial Team -
Amazon Web Services (AWS) is growing at a pace "we haven’t seen since 2022," according to CEO Andy Jassy, after the division reported a 20% year-over-year revenue spike. The cloud arm brought in $33bn, sailing past Wall Street's $32.42bn...
Business

The $5 Trillion AI Engine: How Nvidia Conquered the Stock Market

Editorial Team -
The artificial intelligence boom has its first $5 trillion champion. Nvidia, the chipmaker at the epicenter of the AI craze, saw its valuation soar to $5.05 trillion on Wednesday. This historic milestone is seen as the biggest technological shift...
Business

“Going to Work Out Very Well”: Trump Confident Ahead of Xi Showdown in South Korea

Editorial Team -
"I think it's going to work out very well, actually," said US President Donald Trump regarding his forthcoming talks with China's Xi Jinping. While speaking in Japan, Trump projected confidence ahead of the high-stakes negotiations set for Thursday in...
Business

Elon Musk Interrupts Tesla Earnings Call to Campaign for Historic Pay Package

Editorial Team -
In an unusual display of corporate lobbying, Elon Musk commandeered the conclusion of Tesla's quarterly earnings call to personally advocate for his trillion-dollar compensation package. The dramatic moment highlighted the high stakes surrounding the upcoming shareholder vote scheduled for...
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Latest News

BusinessEditorial Team -

 The EV Moment America Has Been Inching Toward Is Arriving Faster Than Expected

Analysts who track the US electric vehicle market have noted for years that adoption would eventually accelerate — that...

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