Business
US Proposes Cutting Banque Misr UAE Branches from Financial System
The US Treasury is targeting the UAE operations of Egypt's second-largest bank over allegations of providing economic support to Iran.
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Business
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Business
Fed Chair Kevin Warsh Advocates for 'Quieter' Central Bank Amid Inflation Concerns
Federal Reserve Chairman Kevin Warsh is shifting the central bank toward a more opaque communication strategy while maintaining a strict stance on inflation.
Business
Meta Agrees to $17 Billion Settlement Over Teen Social Media Addiction
The company will pay billions and implement child-safety measures, including daily time caps and notification bans, to resolve lawsuits brought by US states.
Business
SEC Investigates AI Hedge Fund Situational Awareness After July Meltdown
U.S. regulators have subpoenaed major Wall Street banks to investigate trades that led to steep losses at the AI-focused firm Situational Awareness.
Business
California Cancels Settlement Talks With Paramount Over Warner Bros. Merger
Attorney General Rob Bonta scrapped a scheduled meeting after accusing Paramount of leaking details and acting in bad faith regarding the $111 billion acquisition.
Business
Trump Announces 50% Tariffs on Canadian Auto and Steel Imports
President Donald Trump announced a tariff increase to 50% on Canadian vehicles, auto parts, and steel effective January 1, 2027, following the collapse of trade negotiations.
Business
Oil Prices Dip as Markets Await 'Toughest Ever' U.S. Sanctions on Iran
Crude futures fell Monday as investors took profits ahead of a scheduled announcement from Treasury Secretary Scott Bessent regarding a new sanctions campaign against Iran.
Business
Iran Signals Fuel Price Hike Ahead of New US Sanctions
The Iranian government is preparing for a gasoline price increase amid soaring inflation and the threat of new US sanctions.
Business
US and Canada Enter Trade War as New Tariffs Take Effect
Canada announces dollar-for-dollar retaliatory tariffs after the United States implements new 50 percent tariffs on Canadian goods.
Business
Canada Announces Retaliatory Tariffs on US Goods After Trade Talks Collapse
Prime Minister Mark Carney vowed "dollar-for-dollar" retaliation after the US imposed 50 percent levies on $20 billion worth of Canadian goods.
Business
TSMC Accelerates Arizona Factory Expansion to Meet AI Demand
The world's largest contract chipmaker is increasing its U.S. investment to $265 billion, citing an AI 'megatrend' and robust customer demand.
Business
Nvidia plans first corporate bond sale since 2021 to raise up to $25 billion
The semiconductor company is seeking its first debt issuance in five years to fund AI growth and refinance existing obligations.
Business
Nvidia Plans First Debt Sale Since 2021 to Raise At Least $20 Billion
The AI chip leader is returning to the investment-grade bond market for the first time in five years to fund capital requirements.
Business
SpaceX IPO Total Rises to $85.7 Billion as Underwriters Exercise Option
The record-breaking initial public offering grew after underwriters purchased an additional 83.3 million shares to meet investor demand.
Business
SpaceX IPO Debuts on Nasdaq, Making Elon Musk World's First Trillionaire
The aerospace company's record-breaking public listing has propelled founder Elon Musk into uncharted financial territory as the first person to reach a trillion-dollar net worth.
Business
OpenAI Confidentially Files for IPO
The ChatGPT creator has submitted a draft registration statement to the SEC, following a similar move by rival Anthropic.
Business
Chip Stock Selloff Erases $1 Trillion in Market Value
A sharp reversal in semiconductor stocks on Friday sent the Nasdaq to its worst day in over a year amid AI spending concerns and rising interest rate fears.
Business
Fusion Startup Helion Raises $465M for Microsoft Power Plant
The Sam Altman-backed company is working to complete a fusion power plant for Microsoft by 2028.
Business
Quantinuum Stock Opens at $68 in Blockbuster Quantum Computing IPO
The company raised $1.68 billion in an upsized offering, with shares debuting 13% above the initial public offering price.
Business
Fired 60 Minutes Correspondent Scott Pelley Accuses CBS of Pushing 'Falsehoods'
Veteran journalist claims network executives instructed him to inject bias and unverified claims into reporting before his termination.
Business
US Proposes Tariffs on 60 Economies Over Forced Labor Concerns
The Trump administration is proposing tariffs of up to 12.5% on dozens of trading partners, including the EU and Japan, citing failures to curb forced labor imports.
Business
SpaceX Targets $1.75 Trillion Valuation in Record-Breaking IPO
The rocket company is preparing for what is expected to be the largest initial public offering in history, with a roadshow slated to begin June 4.
Business
Taiwan President Lai Links Status Quo to Global Tech Supply Chain Security
President Lai Ching-te stated that preserving the status quo is essential for securing the global supply chains of AI and advanced semiconductors.
Business
CFTC Regulatory Shifts Trigger Decline in Wall Street Exchange Stocks
Investors are selling off traditional exchange stocks as changes at the Commodity Futures Trading Commission open doors for prediction markets and new derivatives.