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Fri, Dec 05, 2025 03:37 PM All times are UTC

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Apple Signals Major AI Push with Increased Data Center Investments and M&A Plans

Aug 01, 2025 02:45 am UTC| Technology Business

Apple CEO Tim Cook announced that the tech giant is prepared to boost spending on artificial intelligence, including building more data centers and pursuing acquisitions, signaling a shift from its traditionally cautious...

Wells Fargo CEO Charlie Scharf to Become Chairman, Receives $30M Equity Grant

Aug 01, 2025 02:41 am UTC| Business

Wells Fargo announced that its board plans to appoint CEO Charlie Scharf as chairman and grant him a one-time special equity award worth $30 million in restricted share rights and stock options. The move highlights the...

Amazon Q2 Earnings Beat Estimates but AWS Margins Disappoint Investors

Aug 01, 2025 01:44 am UTC| Business

Amazon.com (NASDAQ: AMZN) reported second-quarter earnings that exceeded Wall Street expectations, driven by strong e-commerce and advertising growth, but shares dipped in after-hours trading as cloud margins fell short of...

Star Entertainment Retains 50% Stake in Brisbane’s Queen’s Wharf Casino After Deal Collapse

Aug 01, 2025 01:30 am UTC| Business

Australias Star Entertainment Group is retaining its 50% stake in Brisbanes upcoming Queens Wharf casino and hotel project after negotiations with Hong Kong investors Chow Tai Fook Enterprises and Far East Consortium...

Phillips 66 Ordered to Pay $800M to Propel Fuels Over Trade Secret Theft

Aug 01, 2025 01:18 am UTC| Business Law

U.S. oil refiner Phillips 66 (NYSE: PSX) has been ordered by a California state court to pay $800 million to biofuel producer Propel Fuels for misappropriating trade secrets to strengthen its renewable fuel operations. The...

Big Tech’s AI Spending Surge Fuels Revenue Growth and Investor Confidence

Aug 01, 2025 01:14 am UTC| Business Technology

Tech giants Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Amazon (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOGL) are ramping up artificial intelligence investments as demand for AI-driven services accelerates. In the April-June...

JD.com Expands into Europe with $2.5 Billion Ceconomy Acquisition

Jul 31, 2025 03:11 am UTC| Business

JD.com, one of Chinas largest e-commerce companies, is acquiring German electronics retailer Ceconomy in a deal valued at 2.2 billion ($2.5 billion). The acquisition will give JD.com control of Ceconomys popular MediaMarkt...

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Economy

Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data

Gold prices moved higher in Asian trading on Friday, supported by a weakening U.S. dollar and strong expectations that the Federal Reserve will cut interest rates at its upcoming December 910 meeting. Spot gold rose 0.5%...

Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification

Asias equity capital markets are poised for another strong year as a surge of high-profile IPOs from China and India attracts global investors seeking diversification beyond U.S. assets. In 2025, Asian ECM...

Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures

Spains industrial sector posted a moderate yet encouraging rise in October, with industrial output increasing 1.2% compared to the same month last year, according to new data released by the National Statistics Institute...

European Stocks Rise as Markets Await Key U.S. Inflation Data

European stock markets edged higher on Friday as investors looked ahead to the delayed release of the Federal Reserves preferred inflation metric, a key indicator ahead of next weeks policy meeting. By early European...

European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure

European oil and gas equities are entering 2026 on a more cautious footing as J.P. Morgans latest EU Oils Outlook highlights tightening valuations and growing concerns over a projected global oil oversupply. Despite Brent...

Politics

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

China’s Expanding Maritime Military Presence Alarms Taiwan and Japan

Taiwan and Japan expressed growing concern on Friday over Chinas expanding military activity across East Asian waters, following a Reuters report revealing Beijings largest maritime deployment to date. According to...

Honduras Election Turmoil Intensifies as Nasralla Blames Trump for Shift in Results

Honduran presidential candidate Salvador Nasralla says last-minute interference by former U.S. President Donald Trump undermined his chances in the countrys tightly contested election. Speaking with Reuters, Nasralla, a...

Australia and Japan Strengthen Defence Cooperation Amid Rising Regional Tensions

Australian Defence Minister Richard Marles will travel to Japan on Saturday for high-level defence talks with his counterpart, Shinjiro Koizumi, as both nations deepen security cooperation in response to growing regional...

U.S. Justice Department Orders Intensified Probe Into Antifa and Domestic Extremist Groups

U.S. Attorney General Pam Bondi has directed federal law enforcement agencies to significantly ramp up investigations into the antifa movement and other groups deemed potential domestic extremist threats, according to an...

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...

OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities

OpenAI has confirmed plans to acquire Neptune, a startup known for its advanced tools that help companies track, monitor, and optimize AI model training workflows. Although the company did not release the financial details...