Business News
Bitcoin has been roaring like never before. Even though the original cryptocurrency fell slightly over the weekend, it came within a few hundred dollars of $100,000 on Friday, achieving another all-time high—one that would have been unimaginable a decade ago or even in early 2023 when Bitcoin was trading closer to $20,000. Bulls expect the … Read more
Hindustan Unilever’s board has granted in-principle approval for the demerger of its ice cream business into a separate entity, which will be independently listed, the company announced to stock exchanges on November 25. “The decision to demerge is contingent upon approval from both the Board and shareholders, with the demerger scheme to be presented to … Read more
US stocks climbed on Monday amid high hopes for President-elect Donald Trump’s choice of Scott Bessent for Treasury secretary. Investors also looked ahead to a Federal Reserve-favored inflation print. The Dow Jones Industrial Average (^DJI) led the advance, up about 250 points, or roughly 0.6%. The S&P 500 (^GSPC) rose 0.6%, while those the tech-heavy … Read more
Justin Paget Vast Renewables (NASDAQ:VSTE) +63% pre-market Monday after saying it signed an updated funding agreement to access as much as $30M of its existing $65M grant from the Australian Renewable Energy Agency to support its green technology manufacturing and project development activities. Vast (
President-elect Donald Trump nominates Key Square founder Scott Bessent as his pick for Treasury secretary. As President-elect Donald Trump prepares to retake the White House in January, the National Association of Business Economics (NABE) is more optimistic on the outlook for the U.S. economy. “NABE panelists’ forecasts for economic growth in 2024 and 2025 are … Read more
WASHINGTON, D.C. – Actelis Networks, Inc. (NASDAQ:ASNS), known for its networking solutions for IoT applications, has received additional orders from the Washington DC Department of Transportation (DDOT). These new orders build on a prior $2.3 million project from May 2024 aimed at upgrading the city’s network infrastructure to improve traffic flow and safety. The collaboration … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Macy’s has delayed the release of its third-quarter results after the US retailer revealed that an employee had hidden more than $132mn of delivery expenses since late 2021. The group said in a securities filing … Read more
The return-to-office debate got a bit spicier last week with Elon Musk’s latest promise to make the government more efficient. In an op-ed published by the Wall Street Journal, the billionaire appointed to head up the new Department of Government Efficiency (D.O.G.E) along with his co-lead Vivek Ramaswamy, laid out plans to reduce the overall … Read more
A Bengaluru-based tech entrepreneur, Ujjawal Asthana, has announced his decision to move from the city often referred to as the Silicon Valley of India to Pune. Reflecting on his 14+ years in Bengaluru, Asthana expressed deep emotions about his time in the city that played a significant role in shaping both his professional and personal … Read more
By Christina Amann BERLIN (Reuters) – Volkswagen, Northvolt’s top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States last week, two people familiar with the matter said. Several of Northvolt’s top shareholders have been cutting or reviewing the value of their … Read more