Buffett's Big Apple Sell-Off: Why Berkshire Hathaway Dumped 55.8% Of Its StockApple representatives reported that Berkshire held 915.6 million shares of Apple as of January 2. Currently valued at around $88 billion.
U.S. Labor Market Shocker: 249,000 Americans Filed for Unemployment Last WeekDespite the era of high interest rates, the U.S. labor market has remained surprisingly strong. Howe ...
Apple's Foldable iPhone: Coming Next Year or Just a Dream?According to a report from the IT news outlet The Information yesterday, Apple is expected to launch a foldable iPhone by as early as 2026.
Leidos Hit by Major Hack: Sensitive U.S. Government Documents LeakedYesterday, a Leidos representative revealed that hackers had leaked internal documents to the U.S. government.
Delta Air Lines Faces U.S. Investigation Over Mass Flight CancellationsU.S. authorities are investigating Delta Air Lines for handling thousands of flight cancellations due to technical malfunctions.
Tesla's Humanoid Robot to Transform Industries by 2026Tesla CEO Elon Musk announced yesterday that the company plans to sell its humanoid robot, Optimus in 2026.
U.S. vs. China: How Biden's New Rule Crashed the NASDAQOn Wednesday, the NASDAQ index plummeted 2.77%, the most significant drop recorded since December 2022.
Trump is Free: Meta Lifts Restriction on His AccountsMeta announced on Saturday that it would lift some restrictions on former U.S. President Donald Trump's Facebook and Instagram accounts.
UK Currency Tops Major Markets as Economy Speeds UpThe British pound is leading all major currencies this year, buoyed by expectations that the Bank of England will keep interest rates high.
Tesla Stock Soars 44% in Record-Breaking RallyTesla’s Mega Factory profit from manufacturing large-capacity storage batteries is estimated to be equivalent to the profit from selling one million Tesla vehicles. On the 10th, Morgan Stanley raised its valuation for Tesla’s energy storage business, anticipating a surge in global electricity demand due to the AI boom and Tesla’s potential market share growth in […]
AMD to Enhance Software Development with Silo AI AcquisitionAdvanced Micro Devices (AMD) is competing its AI capabilities with industry leader NVIDIA. AMD announced on the 10th that it will acquire Finnish startup Silo AI for $665 million in cash to improve the capabilities of its AI chips. Silo AI CEO Peter Sarlin will continue to lead the unit as part of the AMD […]
American Entrepreneurs Show Resilience Amidst Pricing and Staffing StrugglesIn the United States, the nationwide small business sentiment index rose by 1 point to 91.5 in June. The U.S. government announced that the optimism of U.S. small and medium-sized enterprises (SMEs) has been on the rise for three consecutive months as of June, recording its highest level of the year on July 9. Despite […]
FAA Orders Inspection of 2,600 Boeing 737 Aircraft Over Oxygen Mask IssuesThe FAA demands an inspection of 2,600 Boeing 737 aircraft due to potential malfunction of passenger oxygen masks in emergencies.
U.S. Government Invests $176M in Moderna for Avian Flu VaccineThe U.S. government announced the plan to provide $176 million to Moderna to develop a pandemic vaccine targeting avian flu.
France Takes Aim at Nvidia: Big Tech Battle Heats UpFrance is expected to become the first enforcer of European antitrust regulations against tech giant Nvidia.
U.S. Army Strikes $4.5 Billion Deal with Lockheed Martin for Advanced Missile DefenseThe U.S. Army has signed a multi-year contract worth $4.5 billion for Lockheed Martin's air defense Patriot missile system.
Volkswagen Backs Rivian with $5 Billion: New Era for Electric Vehicles BeginsVolkswagen Group announced Tuesday that it is establishing a joint venture with Rivian for next-generation electric vehicles.
Israel Pours $250 Million into National AI Program, Eyes Global LeadershipThe chief executive of the state-backed Israel Innovation Authority said Israel is set to launch its first supercomputer on Wednesday.
How Short Sellers Cashed in on Nvidia's DeclineNvidia short sellers have made a profit through a three-day sell-off. According to data analysis company Ortex Technologies on the 25th (local time), Nvidia short sellers made about $5 billion in paper profits through a drastic sell-off over the previous three rounds. Furthermore, with Nvidia’s 6.6% drop on Monday, short sellers raked in $2.4 billion, […]
Tesla's Cybertruck Recall Hits 11,383 Units: What You Need to KnowTesla is recalling its Cybertruck electric pickup truck due to issues with both interior and exterior trims. Back in April, nearly 4,000 Cybertrucks were recalled to address an issue where the acceleration pedal pad could become loose and potentially get caught in the interior trim. According to the U.S. National Highway Traffic Safety Administration (NHTSA), […]
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