Business News
Xavier Niel, one of Europe’s top technology investors, believes the region can succeed in creating leading artificial intelligence companies even without the billions in capital raised by US competitors — as long as founders are not tempted to cash out too early. “I think we can create big things with a few hundred million euros,” … Read more
TikTok parent ByteDance Ltd. is valuing itself around $300 billion, one of the highest valuations ever for the Chinese tech company, even as it fights to maintain its popular social-media app’s presence in the US, the Wall Street Journal reported Saturday. The valuation came in a recent buyback offer by ByteDance, the Journal said, citing … Read more
Narayana Murthy is clear: while India’s growth story is impressive, he’s calling for a reality check on the current surge of tech skills and development. Acknowledging PM Modi’s confidence in India’s fast-expanding developer population, Murthy points to a major gap—India’s growth isn’t yet reaching the rural workforce, a demographic crucial for sustainable national progress. “We … Read more
The S&P 500 (SNPINDEX: ^GSPC) is regarded by many as the best overall gauge of the U.S. stock market, as it includes the 500 largest publicly traded companies in the country. Given the breadth of businesses that make up the index, it is considered to be the most reliable benchmark of overall stock market performance. … Read more
traveler1116 The Trump transition team is considering a former executive with Uber Technologies (UBER) and three current or former Republican members of the House of Representatives for Transportation secretary, Reuters reported Saturday, citing people familiar with the matter. According to the
Pulte Capital CEO Bill Pulte weighs in on rising mortgage rates and says that until supply increases, high housing prices will be seen. Americans need to earn nearly $108,000 a year to afford a single-family home in most cities now, according to a new economics report. Oxford Economics revealed this week that a household in … Read more
CARACAS (Reuters) -Venezuela has freed 225 people arrested during anti-government protests over the nation’s disputed presidential election in July, Attorney General Tarek Saab said late on Saturday. The releases were based on new evidence gathered by prosecutors, Saab said in a statement. “Between the afternoon of Friday the 15th and Saturday the 16th, 225 measures … Read more
The start of rolling power blackouts in Iran this week amid critical fuel shortages has exposed the vulnerability of the oil-rich country to US sanctions and underscored the impact of years of under-investment. Iran has the world’s third-largest oil reserves and second-largest natural gas reserves. And yet weary Iranians have in recent months had to … Read more
Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its Machinists union. The pink slips went out last week to members of the Society of Professional Engineering … Read more
Netflix has carved a niche for itself in the romantic comedy genre, but ‘Nobody Wants This’, starring Kristen Bell and Adam Brody, manages to stand out by diving headfirst into the messiness of modern relationships. This isn’t your typical “will-they-won’t-they” rom-com. It’s a nuanced look at two people colliding at the intersection of love, faith, and … Read more