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Netflix Ad-Supported Tier Hits 94 Million Subscribers Amid Economic Uncertainty

May 15, 2025 03:36 am UTC| Business

Netflix (NASDAQ:NFLX) has reported a surge in its ad-supported tier, now reaching 94 million usersup from 70 million in Novemberas more viewers opt for its lower-priced streaming plan amid ongoing global economic...

Nvidia and AI Dominate Computex 2025 Amid Tariff Concerns

May 15, 2025 03:35 am UTC| Technology Business

At this years Computex trade show in Taiwan (May 2023), Nvidia CEO Jensen Huang is once again expected to steal the spotlight, alongside growing focus on artificial intelligence (AI) and U.S. tariff tensions. With over...

CoreWeave Plans $23B AI Infrastructure Push Despite Short-Term Market Jitters

May 15, 2025 03:31 am UTC| Technology Business

CoreWeave, the Nvidia-backed AI cloud services provider, announced plans to invest between $20 billion and $23 billion in AI infrastructure and data centers in 2025. This aggressive capital expenditure strategy aims to...

Walmart Earnings in Focus Amid Tariff Pressures and E-Commerce Growth

May 15, 2025 03:22 am UTC| Business

Walmart (NYSE:WMT), the worlds largest retailer, is set to report earnings Thursday, offering insight into how it continues to navigate U.S.-China trade tensions and rising tariffs. With a resilient strategy, Walmart...

Warren Buffett Steps Down as Berkshire Hathaway CEO After 60 Years

May 15, 2025 03:20 am UTC| Business

Warren Buffett, the legendary investor and CEO of Berkshire Hathaway (NYSE: BRK.A), announced on May 3 that he will step down at the end of the year, marking the end of a historic six-decade leadership run. At 94, Buffett...

UnitedHealth Faces DOJ Probe Over Medicare Fraud Allegations, Shares Plunge

May 15, 2025 02:33 am UTC| Business Law

UnitedHealth Group (NYSE: UNH) is under investigation by the U.S. Department of Justice (DOJ) for potential criminal fraud related to its Medicare Advantage business, according to a report by the Wall Street Journal. The...

Mukesh Ambani to Meet Trump and Qatar’s Emir in Doha Amid Strengthening Global Ties

May 14, 2025 09:22 am UTC| Politics Business

Indian billionaire Mukesh Ambani, chairman of Reliance Industries (NSE:RELI), is set to meet U.S. President Donald Trump and Qatars Emir Sheikh Tamim bin Hamad Al-Thani in Doha on Wednesday, according to sources cited by...

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Economy

Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts

U.S. President Donald Trump traveled to the battleground state of North Carolina on Friday to defend his economic policies and reassure voters that the U.S. economy remains on solid footing, as concerns grow ahead of a...

EU Approves €90 Billion Ukraine Aid as Frozen Russian Asset Plan Stalls

Ukraine welcomed a major European Union decision on Friday to provide 90 billion in financial support over the next two years, a move Kyiv says will significantly strengthen its economic resilience amid the ongoing war...

Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts

White House economic advisor Kevin Hassett said President Donald Trump is correct in claiming inflation is low, despite official data, public sentiment, and many economists suggesting otherwise. Speaking on Fox Business,...

U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness

U.S. stocks closed higher on Friday, recovering from a volatile start to the week as gains in technology and AI-related shares outweighed sharp declines in consumer stocks such as Nike. Major indexes finished in positive...

EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks

The European Union has decided to delay the formal signing of its long-anticipated free trade agreement with the Mercosur bloc, as EU leaders convened in Brussels to prioritize discussions on funding Ukraines war effort....

Politics

U.S. Launches Large-Scale Airstrikes on ISIS Targets in Syria After Deadly Attack

The United States military carried out extensive airstrikes against Islamic State (ISIS) targets across Syria on Friday, escalating its response after a deadly attack on American personnel, according to U.S. officials. The...

Putin Envoy Heads to Miami for High-Stakes Talks as U.S. Pushes Ukraine Peace Deal

Russian President Vladimir Putins special envoy Kirill Dmitriev is traveling to Miami for talks with U.S. President Donald Trumps envoy Steve Witkoff and Trumps son-in-law Jared Kushner, according to a Russian source cited...

Russian Missile Strike on Odesa Port Kills Seven, Disrupts Key Trade Routes

A Russian missile attack late on Friday struck critical port infrastructure near Ukraines Black Sea port city of Odesa, killing at least seven people and injuring 15 others, according to Ukrainian officials. The attack...

Trump Nominates Lt. Gen. Frank Donovan to Lead U.S. Southern Command Amid Rising Tensions in Latin America

U.S. President Donald Trump has nominated Lieutenant General Frank Donovan, the vice commander of U.S. Special Operations Command, to become the next head of U.S. Southern Command (SOUTHCOM), the military body responsible...

Brazil Court Allows Bolsonaro Hospital Trip Amid Prison Sentence

Brazils Supreme Court Justice Alexandre de Moraes has authorized former President Jair Bolsonaro to temporarily leave the Federal Police Superintendency in Brasília, where he is currently serving a 27-year prison...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties

A group of nine Republican U.S. lawmakers has formally urged the Pentagon to expand its list of Chinese companies accused of supporting Chinas military, intensifying scrutiny of Beijing-linked technology firms amid rising...

Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role

Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining the social media company, Meta confirmed on Friday. The unexpected departure comes at a time...

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...