Business News
Elon Musk, the richest person in the US, is being treated by lots of people — including President-elect Donald Trump — as a cost-cutting genius. That’s why Trump has put Musk and Vivek Ramaswamy in charge of coming up with plans to drastically slash federal government expenditures. But when you look at what’s happened to … Read more
MANILA (Reuters) – The Philippines’ security council will verify an alleged assassination threat by Vice President Sara Duterte against President Ferdinand Marcos Jr., a top official said on Sunday, describing it as a “matter of national security”. Duterte, in a strongly-worded morning briefing on Saturday, said she had spoken with an assassin and instructed them … Read more
Godzilla and King Kong surely weren’t born big. They began small and grew over time to their gargantuan sizes even if the movies don’t tell their childhood stories. Likewise, huge companies of today were once much smaller (unless perhaps they were spin-offs). Investors who spotted them early had opportunities to make fortunes. Are You Missing … Read more
AMMAN (Reuters) -A gunman was dead and three policemen injured after a shooting near the Israeli embassy in neighbouring Jordan, a security source and state media said on Sunday. Police shot a gunman who had fired at a police patrol in the Rabiah neighbourhood of Amman, state news agency Petra reported, citing public security, adding … Read more
Electric vehicles (EVs) aim to transform transportation. However, like any groundbreaking technology, EV batteries have hurdles to overcome before EVs become widely adopted. Some common criticisms of EVs center around their long charging times and shorter driving range compared to gas-powered vehicles. That’s where QuantumScape (NYSE: QS) comes in. The company is dedicated to engineering … Read more
(Reuters) – The United States is using Taiwan to provoke a serious crisis in Asia, Russian Deputy Foreign Minister Andrei Rudenko told TASS news agency in remarks published on Sunday, reiterating Moscow’s backing of China’s stance on Taiwan. “We see that Washington, in violation of the ‘one China’ principle that it recognises, is strengthening military-political … Read more
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Earlier this month, the S&P 500 hit a record high of more than 6,000 for the first time ever. Based on that, you might assume that stocks may be too expensive to buy right now as the average stock in the index is trading at more than 25 times earnings. However, there are still many … Read more
The storm over Gautam Adani’s alleged bribery scheme has now hit India’s Supreme Court. A fresh plea, citing a U.S. court indictment and SEC complaint, has called for an investigation by Indian authorities into claims that Adani and his associates offered bribes to Indian government officials amounting to $265 million (₹2,236 crore). Filed by advocate … Read more
We’re now two years removed from OpenAI’s launch of ChatGPT, and there’s no doubt which company has been the biggest winner of the generative AI revolution so far. Nvidia (NASDAQ: NVDA), now best known for making cutting-edge chips capable of powering AI applications like ChatGPT, has seen its stock jump by 10 times since the … Read more