Trump's Victory Expected To Boost US Stocks But Hike Consumer Prices And Higher Inflation, Economists Warn
Donald Trump's second term spurs market optimism but may drive inflation, impacting US consumers and global trade, according to Economists.
Boeing Workers End Seven-Week Strike After Approving New Deal That Secures 38% Pay Increase
Boeing workers ended a seven-week strike, accepting a new contract that provides a 38% pay increase and a $12,000 bonus, although the previous pension plan will not be reinstated.
European Couriers Face Threats After Being Hit By Parcel Fires Allegedly Tied To Russian Sabotage Tests
European courier services face mystery parcel fires linked to Russian operatives aiming to disrupt flights to the US and Canada.
Ethiopia To Block Imports Of Gas-Powered Cars With Electric Vehicle Transition But Stalls Due To Infrastructure Issues
Ethiopia's switch to electric vehicles faces major infrastructure issues, pushing many to reconsider their choices.
Editor's Pick
Elon Musk Success Story: What He Did During His Teen Years That Made Him A Billionaire
Now known as the world's richest man, the success story of Elon Musk started earlier than most; during his teen years.
Titan Submersible Employee to Testify That the Submarine Is 'Unsafe' Prior to Fatal Titanic Mission
An employee who labeled OceanGate’s Titan submersible as ‘unsafe’ will testify before U.S. Coast Guard investigators, potentially impacting the company’s future operation.
Global Central Banks Set to Lower Interest Rates: How Could This Impact Your Loans and Savings?
Central banks globally are set to announce interest rate changes this week, with the US expected to cut rates by up to half a point, while other countries will either hold steady or make smaller adjustments.
Investors
Most Read
Regions
China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute
China has banned Taiwan’s fruit, seafood, and vegetables imports, escalating tensions over trade and military issues.
Global Stocks Drop as Japan's Nikkei Falls 13% and European Shares Hit Six-Month Lows
China and Italy Hopes to Revive Ancient 'Silk Road' Route With New Trade Agreement
Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic And Wegovy Cost Up To 13 Times More In The US
Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.
Scotland-England Electric Link to Power 2 Million Homes, Construction Starts 2028
Regulators have approved a £4.3 billion subsea cable project between Scotland and England, designed to enhance renewable energy transfer and boost energy security.
ECB’s Interest Rates Remain Unchanged But May See Cuts in September
European Commission President Ursula von der Leyen Re-Elected to Second Term
Deals
Funding
Godmother of AI' Fe-Fei Li Secures $1B Valuation for New Startup, World Labs
Fei-Fei Li’s AI startup, World Labs, raised $230 million in funding, valuing the company at over $1 billion as it prepares to develop AI models for 3D interaction by 2025.
Nvidia Rival Groq Raises $640 Million in a New Funding Round
Groq was originally looking to raise $300 million at a slightly lower valuation. Groq, an artificial intelligence chipmaking startup, has secured more than $600 million in a recent funding round, the company announced Monday.
Trump Campaign's Financial Advantage Short-Lived as Democrats Surge with $100M Funds in Just 1 Day
Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.
Tractor Drone Maker Monarch Reveals $133 Million Series C Funding
Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.
People
Founder of TikTok's Parent Company Becomes China's Richest With $49.3 Billion Fortune
Zhang Yiming, founder of ByteDance, has become China's richest person with a net worth of $49.3 billion, surpassing former top spot holder Zhong Shanshan of Nongfu Spring.
Microsoft CEO Requests Pay Cut Over Cybersecurity Issue; Ends up With 63% Raise to $79M Instead
Microsoft CEO Satya Nadella's $79.1 million pay for 2023 reflects the company's strong performance, despite his requested pay cut due to cybersecurity issues that affected government accounts.
Local Woman Secures 191 Hotel Rooms for Taylor Swift's Eras Tour in New Orleans, Paying Nearly $500 per Room
Taylor Swift's Eras Tour in New Orleans has led to high hotel demand, with fans scrambling to secure accommodations for the sold-out shows.
