Xiaomi Corporation’s shares experienced a decline in Hong Kong trading after the company confirmed that one of its SU7 electric cars was involved in a fatal accident in […]
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Hooters Files for Bankruptcy Protection, Plans Sale of Company-Owned Restaurants
Hooters, the restaurant chain famous for its orange-clad, all-female wait staff and its chicken wings, has filed for Chapter 11 bankruptcy protection. The company announced the move on […]
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OpenAI Reaches $300 Billion Valuation Following $40 Billion Funding Round Led by SoftBank
OpenAI has achieved a staggering valuation of $300 billion after completing a $40 billion funding round led by SoftBank. This significant investment underscores the growing interest in artificial […]
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Newsmax Founder Christopher Ruddy Becomes Billionaire After IPO Surge
Christopher Ruddy, founder and CEO of Newsmax Inc., has become a billionaire following the company’s successful IPO. Newsmax’s shares surged 735%, giving Ruddy a fortune of approximately $3.3 […]
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Donald Trump’s Car Tariffs Plan Faces Challenges
Donald Trump’s plan to impose sweeping tariffs on imported goods, including cars and parts, aims to revitalize American car manufacturing. Dubbed ‘Liberation Day,’ the initiative is set for […]
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FDA Official’s Resignation Triggers Drop in Moderna and Novavax Shares
Shares of Moderna and Novavax plummeted following the resignation of a key FDA official who cited discord with RFK Jr., accusing him of seeking “subservient confirmation of his […]
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OpenAI Secures $40 Billion Investment Led by SoftBank
OpenAI has secured a $40 billion investment in a new funding round led by SoftBank, pushing its valuation to $300 billion. This marks the largest funding round for […]
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Gold Reaches New Record Amid Market Uncertainty
NEW YORK (AP) — Global markets continue to decline due to concerns over President Donald Trump’s protectionist trade policies, prompting investors to flock to gold, which hit another […]
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Global Stocks Outperform U.S. Amid Decline in ‘American Exceptionalism’
In late 2024, the ‘American exceptionalism’ trade was thriving, driven by President Donald Trump’s electoral victory in November, which encouraged global investors to pour money into the U.S. […]
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US Chip Grants In Limbo as Lutnick Pushes for Bigger Investments
Commerce Secretary Howard Lutnick has indicated that he might withhold promised Chips Act grants unless companies receiving federal semiconductor subsidies significantly expand their US projects, according to eight […]