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Tech Billionaires Shift Support to Trump Over Fear From Biden's Antitrust Laws

Tech Billionaires Shift Support to Trump Over Fear From Biden's Antitrust Laws

Silicon Valley tech billionaires are backing Donald Trump through donations to America PAC, driven more by economic concerns over Biden's airtight antitrust policies than political alignment.


TSMC Hopeful of a Boost in AI Industry Despite Share Market Falls

Taiwanese chipmaker TSMC said that the rising demand for artificial intelligence is boosting its growth and capacity and is influencing its short-term forecast.

North Korea to Open New Resort Tourism Site in 2025 Despite Foreign Tourist Ban

North Korean leader Kim Jong Un visited the Wonsan-Kalma tourism site, which opened in May 2025, despite the ongoing ban on most foreign tourists entering the country.

Olympic Gold Medalists to Receive $50,000 Prize Money for the First Time

For the first time ever, track and field gold medalists in the Paris Olympics will receive $50,000 prize money despite resistance from critics who claimed that it would undermine the spirit of the games.


Latest News

HSBC Promotes CFO Georges Elhedery to CEO
HSBC announced that Georges Elhedery, its chief financial officer, will become the firm’s next CEO effective Sept. 2.
US Online Spending Surge to $7.2 Billion, Thanks to Amazon Prime Day Frenzy
The first day of Amazon's Prime Day event in the U.S. saw $7.2 billion in online sales, surpassing expectations and marking an 11.3% increase from the previous year.
Novo Nordisk, Eli Lilly Shares Decrease After Roche Reveals Obesity Drug Trial
Shares of pharmaceutical companies Novo Nordisk and Eli Lilly slid after Roche announced results from a promising early-stage trial for its proposed obesity drug.
Netflix's Password Sharing Crackdown Backfires With Slow Subscriber Growth in Q2
Netflix reported its slowest subscriber growth in five quarters, adding only 4.82 million new subscribers from April to June, down from 9.3 million in the previous quarter, largely due to a crackdown on password sharing.
China Investigates 16 Companies for Illegally Testing Job Seekers with Pregnancy Tests
Investigations are underway into Chinese companies accused of conducting illegal pregnancy tests on job applicants, which contradicts national efforts to address low birth rates.
Elon Musk to Move X, SpaceX HQs from California to Texas After Newsom Passes Trans Rights Law
Elon Musk made his intention to move the headquarters of his companies SpaceX and X, formerly Twitter, from California to Texas after California Governor Gavin Newsom signed a transgender rights law.
German-Russian Businessman Jailed for Illegally Shipping Military Parts to Russia
A German court sentenced a businessman to six years and nine months in prison for illegally exporting electronic components to Russian firms involved in the production of military equipment.
EU Forces TikTok to Comply with New Digital Market Laws
ByteDance, owner of TikTok, must comply with the Digital Markets Act, with the EU regulator rejecting ByteDance's claim that TikTok should not be classified as a "gatekeeper" in the digital space.
Charles III Reads Labour's Economic Plans in UK's State Opening of Parliament
Following the landslide victory of the Labour Party in the United Kingdom’s general election earlier this month, British Prime Minister Sir Keir Starmer laid out the government’s plans to reinvigorate the country’s economy in this year’s State Opening of Parliament.
UK Inflation Holds Steady at 2%, Taylor Swift's 'Eras Tour' Seen as Possible Factor
The Bank of England is conflicted on whether to cut interest rates next month after inflation held steady at 2%, potentially influenced by Taylor Swift's Eras Tour.
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