Bank of America Shares 4% Rise in Q2 After Announcing Net Interest Income Rebound Imminent

Bank Of America Accused Of 'Reckless Disregard' In Jeffrey Epstein Sex Trafficking Case

A federal judge ruled that a lawsuit accusing Bank of America of ignoring red flags tied to Jeffrey Epstein's sex trafficking can move forward to trial.


Kraft Heinz Reverses Split Decision, Aims For Profitable Growth Through Investments

Kraft Heinz pauses its company split and invests $600 million to boost marketing, innovation, and profitable growth.

Beer Giant Heineken To Eliminate Up To 6,000 Roles, Sees Slower Growth

Heineken plans to cut up to 6,000 jobs worldwide as it faces slower growth and industry challenges in 2026.

Spirit Airlines Plans Aircraft Auction Amid Bankruptcy Proceedings

Spirit Airlines seeks court approval to auction 20 Airbus jets to reduce debt and streamline operations amid bankruptcy.


Editor's Pick

Target’s Net Income Jumps Over 40% as Customer Spending Improves

Target Strengthens Workforce, Training Amid First Major Layoffs In A Decade

Target cuts 500 jobs while boosting store staffing and training in its first major layoffs in nearly a decade.

Paramount Merger With Skydance Approved, Despite Dissent Over Trump Lawsuit

Paramount Tries To Outbid Netflix For Warner Bros With Extra Cash Incentives

Paramount sweetens its Warner Bros bid with extra cash incentives and breakup fee coverage to compete with Netflix's $82.7 billion offer.

Crypto Investor Accused of Torturing Man in Manhattan Over Bitcoin

Crypto Exchange Error Briefly Makes Bitcoin Users Multi-Billionaires

A South Korean crypto exchange mistakenly credited users with $40 billion in Bitcoin, briefly making them multi-billionaires.


Regions

China Retaliates Against Canada with Hefty Tariffs on Key Exports

China Retaliates Against Canada With Hefty Tariffs On Key Exports

China imposes retaliatory tariffs on Canadian goods in response to Canada's trade restrictions on Chinese products.



Funding

AI Startup Funding Surging Despite Sting of High Interest Rates

AI startups are riding a wave of fresh capital in 2025—even as the Federal Reserve keeps interest rates at multi-decade highs. Instead of slowing down, the sector is posting some of its boldest funding figures yet, fueled by surging demand for both AI infrastructure and specialized applications.

Cost Over Climate: Australians To Spend AU$80B On Energy Upgrades

On average, households plan to spend AU$7,500 on energy-efficient upgrades over the next five years, which could add up to more than AU$80 billion nationwide. About 50% of Australians want to make their homes eco-friendlier, driven mostly by a desire to reduce energy costs.

Australian Superannuation Funds Rethink US Bets Amid Dollar Volatility

"Like every other fund, we are questioning our exposure to the U.S. It would be fair to say that we've hit peak exposure and will be reducing over time," said John Pearce, chief investment officer of UniSuper, said.

Trump UK Trade Deal Pumps Crypto: $ETH Skyrockets, $BTC Hits $103K, $XRP Surges

President Trump has announced a trade agreement with a long-time ally, pumping crypto prices, including Bitcoin, which had been struggling to return to $100,000 in recent weeks.


People

Geoffrey Hinton

'Godfather of AI' Geoffrey Hinton Says These Entry-Level Jobs Will Be First to Be Replaced

Geoffrey Hinton warns graduates that AI is doubling in power every seven months, threatening entry-level jobs in call centres, marketing, and journalism with imminent replacement.

Goldman Sachs Supports General Counsel Amid Controversial Jeffrey Epstein Correspondence

Goldman Sachs CEO David Solomon Tops Jamie Dimon With $47 Million Pay Package

Goldman Sachs CEO David Solomon earned a record $47 million in 2025, surpassing JPMorgan's Jamie Dimon.

Fashion Legend Valentino Garavani Dead at 93, Foundation Confirms

Fashion Legend Valentino Garavani Dead at 93, Foundation Confirms

Fashion legend Valentino Garavani has died at 93, with tributes pouring in for the iconic designer known for timeless glamour and Valentino red.