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.
Rising US Debt Levels And Economic Instability Fuel Gold Price To New Record High Of $2,700 Per Ounce
Gold prices have surged to $2,729 per ounce, with experts predicting further increases due to rising US debt and central bank purchases.
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.
Disney Extends CEO Succession Timeline To Early 2026 For More Due Diligence
Disney plans to announce a new CEO successor by early 2026, with James Gorman taking over as chairman of the succession planning committee in January 2025.
Editor's Pick
China Imposes Trade Restrictions, Blacklisting on US Arms Suppliers for Selling Missiles, Jets to Taiwan
China has imposed sanctions on US companies selling arms to Taiwan, including trade restrictions and potential blacklisting, as tensions rise over Taiwan’s military acquisitions from the US.
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
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.
Nestlé Reports US Voter Anxiety Translated Into Consumer Buying Patterns Ahead of Election
Nestlé's organic sales fell by 0.3% or $21.42 billion, driven by consumer anxiety over the upcoming US presidential election, which affected spending habits.
Vietnamese Real Estate Tycoon Awaits Death Sentence Appeal Over $12.5 Billion Fraud
Truong My Lan, a Vietnamese tycoon, faces life imprisonment and a prior death sentence for property and bond fraud involving billions of dollars.
