Rupert Murdoch steps down as chairman of Fox Corp and News Corp
Billionaire media tycoon Rupert Murdoch has announced his decision to step down as chairman of Fox Corp. and News Corp., with his resignation set to [more…]
The United States rekindles a Cold War-era submarine espionage initiative as a response to China’s actions
The U.S. Navy is currently undertaking its most extensive renovation of its covert undersea surveillance network since the 1950s, in light of China’s escalating naval [more…]
Cisco’s acquisition of Splunk set at $28 billion
Cisco is acquiring cybersecurity software firm Splunk in an all-cash transaction valued at approximately $28 billion, equivalent to $157 per share, as announced by the [more…]
Oil prices dip by 1% following a warning from the US Federal Reserve about the possibility of prolonged higher interest rates
On Wednesday, oil prices declined by approximately 1% to reach a one-week low. This drop followed the U.S. Federal Reserve’s decision to keep interest rates [more…]
Hong Kong falls behind Singapore in economic freedom due to interference and weakening rule of law, says think tank
Hong Kong and Singapore, two bustling metropolises in Asia, stand as dynamic economic powerhouses in the region. Each city-state boasts its unique blend of culture, [more…]
Klaviyo’s NYSE debut, surging 9% above $30 IPO price, sets valuation benchmark for unicorns
On Wednesday, Klaviyo witnessed a 9.2% increase in its share price during its debut on the New York Stock Exchange. This marked a significant milestone [more…]
Neuralink poised to commence human trials for a brain implant designed to assist patients suffering from paralysis
Neuralink, the brain-implant startup led by Elon Musk, has announced that an independent review board has granted approval to initiate the recruitment of participants for [more…]
The Bank of England faces uncertainty in its upcoming monetary policy decision due to an unexpected drop in August’s inflation figures
The Bank of England’s upcoming monetary policy decision is now uncertain, as August’s inflation figures took a surprising downturn. Prior to the release of the [more…]
Amazon intends to bring on board 250,000 employees for the holiday season, while Target plans to increase its workforce by nearly 100,000 during the same period
Amazon unveiled its plan on Tuesday to hire a total of 250,000 workers, both full-time and part-time, for the upcoming holiday season. This announcement represents [more…]
Automakers invest heavily in EVs, yet charging concerns stall American adoption
The auto industry’s ambitious plans to introduce a multitude of electric vehicles (EVs) in the coming years are facing a significant hurdle: the reluctance of [more…]