business
Rivian Stock Surges After Self-Driving and AI Announcements On Friday, Rivian stock experienced a significant surge in value, marking the second consecutive day of gains following the electric vehicle maker's announcements on self-driving and artificial intelligence (AI) technologies. The news has sent shockwaves through the market, with investors
business
Tariff Revenue Sees First Month-Over-Month Decline Since 2019 In a significant shift, the latest data from the US Department of the Treasury has revealed that tariff revenue fell month-over-month for the first time since President Donald Trump's imposition of vast import taxes in April. This marks a notable
business
Do Kwon Sentenced to 15 Years in Prison for Role in Terra and Luna Collapse On Thursday, Do Kwon, the founder of the now-defunct digital currencies Terra (LUNA) and Luna Classic (LUNC), was sentenced to 15 years in prison by a judge. The sentencing marks the culmination of a long
business
China's AI Chip Conundrum: A Shift Away from Foreign Tech The recent developments in China's AI chip landscape have raised significant concerns about the country's intentions and its impact on global technology. According to sources close to the matter, China has gained insight into
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Major Airlines Return to Small California Airport In a significant development for the aviation industry, two major commercial airlines have announced their return to McClellan-Palomar Airport (KPOM) in Carlsbad, California. The airport, which had previously lost one of its major carriers, will now welcome back American Airlines and Delta Air
business
The Limitations of Infinite Growth: A Look into the Consequences of Delaying Data Center Projects In recent years, the concept of infinite growth has been touted as a viable strategy for businesses looking to expand their operations and stay ahead in a rapidly changing market. However, a recent report from
business
Federal Reserve's Early Reappointment of Regional Bank Presidents Eases Concerns of Losing Independence In a move that has sent shockwaves through financial markets, the Federal Reserve (Fed) announced an unprecedented early reappointment of its regional bank presidents. This unexpected development has eased concerns about the central bank'
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Trump Orders Review of Two Proxy Advisory Firms In a move that has significant implications for corporate governance and proxy advisory firms, President Donald Trump has ordered a review of two major companies that advise shareholders on votes. These firms have previously drawn criticism from Tesla CEO Elon Musk and
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Tilray Brands Sees Explosive Growth Amid Rescheduling Hopes In a significant development, shares of Tilray Brands Inc. (NASDAQ: TLRY) experienced a substantial surge on Friday, fueled by rising optimism that cannabis is poised to be rescheduled as a lower-class drug. This potential shift in classification could pave the way for
business
TikTok Sale Limbo: Billionaire Investor Faces Uncertainty In a developing story, a billionaire investor who has been seeking to purchase TikTok's US operations is facing an uncertain future. Despite repeated delays, the sale remains unresolved, leaving the investor in limbo. Background For months, it was reported that a
business
Oracle Shares Take a Hit After Missing Revenue Expectations In a recent trading session, Oracle Corporation's (ORCL) stock price took a significant hit after the company reported its quarterly earnings. The drop in shares was largely due to the fact that revenue expectations were missed, sending shockwaves through
business
SpaceX Valued at $800 Billion in Insider Share Sale In a significant development, SpaceX, the private aerospace manufacturer and space transport services company founded by Elon Musk, is moving forward with an insider share sale that values the company at approximately $800 billion. This move sets the stage for what