Financial News Editor

Elon Musk is taking legal action to prevent OpenAI from transforming into a for-profit business. Musk, along with his AI startup xAI and former OpenAI board member Shivon Zilis, have filed for a preliminary...

As the holiday season approaches, more and more retailers are rethinking the size of their stores to cater to changing consumer needs and behaviors. Ikea, known for its large big box stores, has recently...

GE Vernova, a spinoff of General Electric, is on a mission to deploy small nuclear reactors globally over the next decade. The company's small modular reactor, the BWRX-300, is designed to reduce the cost...

A new stock exchange, 24X National Exchange, is set to launch in the second half of 2025, offering nearly round-the-clock trading from 4:00 a.m. ET to 7:00 p.m. ET on weekdays. The exchange, based...

Bitcoin's price has been on a remarkable journey in November, with a nearly 40% increase that has brought it close to the $100,000 mark. This surge in price can be attributed to a variety...

The holiday season is approaching, and with it comes a unique twist this year based on the results of the 2024 presidential election. Many Americans are reevaluating their holiday spending plans based on their...

As the holiday season approaches, retailers are gearing up to attract shoppers looking for party outfits, makeup, toys, and other discretionary items. However, not all retailers are reaping the benefits of the festive season....

Ireland is gearing up for its election on Nov. 29, with the center-right parties Fianna Fáil and Fine Gael expected to once again dominate the political landscape. These two parties have been sharing power...

Geopolitical tensions are on the rise globally due to recent events in the Baltic Sea involving the cutting of undersea cables that are vital for international internet connectivity. The incident has sparked concerns of...

Artificial Intelligence (AI) has the potential to revolutionize the U.S. healthcare system and reduce the country's fiscal deficit, according to economists at the Brookings Institution. The economists suggest that AI could have a significant...

Ferrari is considered a unique case in Europe's automobile sector, standing out from other car giants facing pressure from potential U.S. tariffs. President-elect Donald Trump recently announced plans to impose tariffs on China, Canada,...

Shares of major global semiconductor equipment companies saw a significant increase on Thursday following reports that the U.S. is considering imposing sanctions on China's chip industry that may not be as strict as previously...

Generative artificial intelligence (GenAI) technology has been making waves in Silicon Valley, promising exciting new gadgets and gizmos for consumers. However, the reality is that many of these devices have not lived up to...

Inflation has increased to 2.3% annually, hitting the Federal Reserve's preferred target as reported by the Commerce Department on Wednesday. The personal consumption expenditures price index, which is the Fed's preferred measure of inflation,...

Unusual Machines, a small U.S. drone and drone component maker, experienced a significant surge in its share price of over 90% in premarket trading following the announcement that Donald Trump Jr. had joined its...

OpenAI, a leading AI startup, is making headlines with its recent $1.5 billion investment from SoftBank, allowing employees to sell their shares in a new tender offer. This move will give SoftBank a larger...

A permanent ceasefire between Israel and Lebanon's Hezbollah is set to begin on Wednesday, ending a yearlong conflict. President Joe Biden announced the deal, brokered by France and the U.S., emphasizing that it is...

Federal Reserve officials recently discussed the state of the economy and the labor market during their November meeting, as reflected in the meeting minutes released this week. They expressed confidence that inflation is gradually...

Abercrombie & Fitch continues to shine brightly in the retail industry, showcasing impressive growth numbers in its recent financial report. Despite the recent legal troubles faced by its former CEO, Mike Jeffries, the company...

U.S. Treasury yields fell on Monday as investors assessed President-elect Donald Trump's pick for Treasury secretary and awaited key inflation data later in the week. The 10-year Treasury yield dropped more than 14 basis...

President-elect Donald Trump announced on his social media platform that he plans to increase tariffs by an additional 10% on all Chinese goods entering the U.S. He also stated that his first executive order...

After President-elect Donald Trump announced his pick for Treasury secretary, Scott Bessent, the U.S. stock market and bond markets reacted positively. Bessent, the founder and CEO of Key Square Group LP, is a well-known...

Elon Musk's platform, X, has recently implemented new terms of service that have caused some users to leave the microblogging platform. These new terms include permissions for the company to use user data to...

Intuit, a finance software company, saw a decline in its stock by 6% in after-hours trading due to a missed quarterly revenue forecast. The company's revenue forecast for the current quarter fell short of...

Bitcoin has hit a new all-time high, surging past the $99,000 level for the first time. This increase comes as investors are speculating on the possibility of a second term for Donald Trump as...

US Representative Matt Gaetz has decided to withdraw his nomination as President-elect Donald Trump's choice for U.S. attorney general. This decision comes after facing allegations of sexual misconduct, which has brought unwanted attention to...

Target, one of the most popular retail stores, recently faced its biggest earnings miss in two years, leading to a significant drop in its stock value. The company attributed part of this setback to...

Adani Group, a prominent company in India, has recently faced serious allegations of bribery and fraud by U.S. authorities. The chairman of the group, Gautam Adani, has strongly denied these claims, stating that they...

NVIDIA CEO Jensen Huang recently shared his insights on the future of artificial intelligence (AI) and its impact on energy consumption and production at an event in Washington, DC. Following a successful quarter where...

The recent victory of President-elect Donald Trump has led to concerns about the U.S. imposing new tariffs, causing economists to predict that the euro could reach parity with the dollar by 2025.Following Trump's win,...

Comcast is making a big move by spinning off its cable network channels, according to sources familiar with the matter. This separation process is expected to take around a year, with an official announcement...

Moscow has indicated that it is prepared for a nuclear confrontation after Ukraine received approval to attack Russian territory using U.S.-made long-range missiles. Following the green light from Washington, Ukraine reportedly wasted no time...

Global markets took a hit on Tuesday as tensions between Russia and the U.S. continued to escalate. The Stoxx 600 stock index in Europe dropped nearly 1%, while futures tied to the Dow Jones...

Financial technology unicorns are closely watching the recent move by Klarna to file for a U.S. IPO, despite not being in a rush to follow suit. Klarna's decision to go public has sparked speculation...

Super Micro Computer Inc., a server manufacturer, has recently appointed BDO as its new auditor in an effort to regain compliance with the Nasdaq exchange. This decision comes after the company fell behind in...