Key Points The October Bitcoin crash has hammered companies that hold large crypto treasuries. Strategy's stock has fallen about 40%, but many of its "copycat" companies have dropped over 60%. Many of these firms are now worth less than the...
Key Points A new stock sale values SpaceX at a massive $800 billion. This will create a large paper gain for Alphabet (Google), an early investor. Alphabet first invested in SpaceX in 2015 as part of a $1 billion funding round. The soaring valuation has boosted Alphabet's earnings in the past. Investors are now expecting another multi-billion-dollar gain on Alphabet's...
Key Points A rare public protest took place in Siberia against Russia's ban on the gaming platform Roblox. The Russian government blocked Roblox, citing "inappropriate content" that harms children's development. The ban is part of a broader "digital Iron Curtain" as Russia cracks down on Western tech. Many Russians are bypassing the ban with VPNs, sparking debate over the effectiveness...
Key Points The Supreme Court appears ready to grant Trump more power to fire officials at most regulatory agencies. However, the conservative justices have signaled that the Federal Reserve is a special exception. The court will hear a major case next month on Trump's attempt to fire Fed Governor Lisa Cook. The Fed's independence from political pressure is widely seen...
Key Points President Trump has ordered a federal review of the two largest proxy advisory firms, ISS and Glass Lewis....
Key Points Nvidia is seeing overwhelming demand from China for its H200 AI chip after the U.S. approved its export....
Key Points President Trump signed an executive order to create a single, national standard for AI regulation. The goal is...
Key Points A new U.S. bill aims to phase out Chinese-made lidar sensors from self-driving cars and infrastructure. The main...
Key Points Bitcoin's price fell below $90,000, while the U.S. stock market rallied. The drop came after the Federal Reserve...
Key Points ZTE may have to pay the U.S. government over $1 billion to settle foreign bribery charges. The Justice...
Key Points Trump announced a $12 billion farm aid package while blaming Biden for the agricultural trade deficit. The claim...
Key Points Chinese tech giants such as ByteDance and Alibaba are interested in acquiring Nvidia's H200 AI chip. The interest...
Key Points U.S. job openings were flat in October at 7.7 million, signaling a cooling labor market. Layoffs rose, and...
Key Points President Trump approved the sale of Nvidia's H200 AI chips to China with a 25% fee. China is...
Key Points The U.S. government will allow Nvidia to sell its H200 AI chips to China. A 25% fee, paid...
Key Points President Trump publicly raised antitrust concerns about Netflix's $72 billion plan to buy Warner Bros. He stated the...
Key Points IBM is buying the data company Confluent in an $11 billion all-cash deal. The purchase is part of...
Key Points X terminated the European Commission's ad account one day after being fined $140 million. X accused the Commission...
Key Points A top Boeing executive says the government's plan to take equity stakes is for small suppliers, not major...
Key Points SpaceX is planning an insider share sale that could value it at $800 billion. This would make it...
Key Points The EU fined Elon Musk's X $140 million for violating its new Digital Services Act (DSA). U.S. officials...
Key Points Netflix has agreed to purchase Warner Bros. Discovery for $72 billion. The deal would make Netflix a traditional...
Key Points South Korea and Arm signed an agreement to boost the country's AI and semiconductor industries. Arm will establish...
Key Points Japanese household spending unexpectedly fell by 3.0% year on year in October. The drop surprised experts, who had...
Key Points The European Union has launched a new antitrust investigation into Meta. The probe focuses on Meta adding its...
Key Points A ransomware attack hit Marquis in August. The breach exposed the personal data of customers from various U.S....
Key Points U.S. private payrolls unexpectedly fell by 32,000 jobs in November, according to the ADP report. The result was...
Key Points YouTube will comply with Australia's new law banning social media accounts for kids under 16. Starting December 10,...
Key Points Ten major European banks are launching a euro-backed stablecoin. The project, led by a new company called Qivalis,...
Key Points Nvidia released a new AI model, Alpamayo-R1, to help autonomous vehicles make better decisions. The goal is to...
Key Points Oil prices rose after a major pipeline in the Black Sea was damaged, halting some Kazakh crude exports....
Key Points Cryptocurrencies plunged on Monday, with Bitcoin dropping below $86,000 and other major coins following. Experts are concerned by...
Key Points Australian home prices rose 1% in November, but growth is slowing. The major markets of Sydney and Melbourne...
Key Points The European Central Bank will likely keep interest rates unchanged in December. November's expected inflation rate of 2.1%...
Key Points Airbus has ordered immediate software repairs for 6,000 A320 jets worldwide. The recall was triggered by a JetBlue...
Key Points Russia's state media watchdog threatened to ban WhatsApp nationwide completely. The government claims WhatsApp refuses to share user...
