SEC Sues Defunct Crypto Bank Silvergate Over Alleged Bank Secrecy Act Violations

Crypto Groups Spend $120M to Sway 2024 US Elections, Outpacing Big Oil Companies

The crypto industry has spent nearly $120 million in the 2024 election cycle to influence US politics and push for favorable regulations.


Fed's Rate Hikes Proved Essential in Controlling US Inflation, New Research Finds

A new Kansas City Fed conference study revealed that the Federal Reserve's aggressive rate hikes were essential in gaining public trust and controlling U.S. inflation over the past two years.

European Shares Gain While Dollar Weaken as Fed Signals Rate Cuts Ahead

European and US share prices rose on August 22 following Federal Reserve signals of potential interest rate cuts, while the dollar remained weak and oil prices stabilized after a recent decline.

Consunji Family to Invest $177M in DMCI and Fund Its Cement and Construction Business

The Consunji family is investing $177 million into DMCI Holdings to fund the purchase of Cemex's Philippine cement business, with the deal expected to boost DMCI's portfolio.


Latest News

Bharti Acquires 24.5% Stake in BT for $4 Billion, Strengthening 5G and AI Collaboration
Bharti, the parent company of Airtel, has become British Telecom (BT)'s largest shareholder by acquiring a 24.5% stake for $4 billion to strengthen 5G and AI collaboration.
Warner Bros Discovery Reports Nearly $10 Billion Loss as TV Assets Value Plummets
Warner Bros Discovery’s shares dropped 12% in premarket trading after announcing a $9.1 billion write-down and a $10 billion net loss, reflecting their ongoing struggles to keep up with other giant media.
Rivian Beats Wall Street’s Estimates Despite Losses and Cost-Cutting Focus
Despite ongoing losses of over $1 billion, Rivian Automotive exceeded Wall Street's revenue and earnings estimates for Q2 2024 through cost-cutting measures.
US Tech Giants Suffer $1 Trillion Wipeout Following Massive Market Decline
Tech giants in the US lost approximately $1 trillion in market value this week due to recession fears and disappointing economic data, with sharp declines in Nvidia, Apple, and Amazon.
Elon Musk Slams Fed's Inaction on Rate Cuts, Calls Them 'Foolish'
Elon Musk criticized the Federal Reserve's decision not to cut interest rates, calling it "foolish" and warning that the policy could harm the US, which could potentially stall economic growth.
Berkshire Hathaway Sells Half of Its Apple Shares, Increasing Cash to Record $277 Billion
Apple's stock stake has been reduced by Berkshire Hathaway, which has boosted its cash reserves to a record-high ($277 Billion) as a cautious approach against US economy concerns.
Trump Proposes Ending Taxes on Social Security Benefits for Seniors
Donald Trump has proposed eliminating federal income taxes on Social Security benefits for seniors, potentially reducing federal revenue by up to $1.8 trillion over the next decade.
Investors of Fast-Food Franchisees Express 'Wary' Over Profit As $5 Value Meals Get Extended
Fast-food chains are extending their $5 meal deals to continue attracting budget-conscious customers. Still, investors are worried about the long-term benefits for the companies and fear these discounts may not turn into profits.
Doubts on AI and Consumer Spending Halt Stock Market Surge
Recent earnings reports raise concerns about AI investments and consumer spending, causing a dip in tech stocks and interrupting a stock market rally.
waymo
The self-driving car units are now in service in Metro Phoenix, San Francisco, Los Angeles, and Austin.
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