Posts with tag: history
Clash of the Tech Titans: Musk vs. Altman over Trump's AI Infrastructure Project, Stargate.
Published on: January 22, 2025, 09:00 PM UTC
US President Donald Trump expresses support for Elon Musk or Larry Ellison purchasing TikTok, offering insights into a potential deal to save the social media platform's US operations.
Published on: January 22, 2025, 04:04 PM UTC
South African inflation rose 3% in December, below expectations, giving room for policymakers to consider interest rate cuts this month.
Published on: January 22, 2025, 10:01 AM UTC
Williams-Sonoma CEO Laura Alber discusses the impact of Trump tariffs and the company's strategy to mitigate their effects. Alber notes that Williams-Sonoma has reduced its reliance on China for sourcing and is exploring alternative manufacturing locations. She also highlights the potential for price increases due to tariffs and the need for collaboration with vendors to absorb some of the costs.
Published on: January 21, 2025, 06:02 PM UTC
Oil prices slid Tuesday as Trump signed executive orders boosting US production and hinted at tariffs against Canada and Mexico, sparking trade war fears.
Published on: January 21, 2025, 06:01 PM UTC
Private equity firms are increasingly using dividend recaps, where they borrow money to pay out investors, as an alternative to IPOs and sales. Strong credit markets and demand for corporate debt are making this strategy more attractive.
Published on: January 21, 2025, 01:01 PM UTC
Paytm Q3 loss narrows as digital payments recover, revenue rises 10.1%
Published on: January 20, 2025, 06:00 AM UTC
The S&P 500 had its best week since November's election, driven by a better-than-expected inflation reading. Investors will now focus on President-elect Trump's inauguration and its potential impact on markets. Earnings season continues this week, with reports from Netflix, United Airlines, and Johnson & Johnson. Markets will also watch for any updates on the Fed's rate hike debate.
Published on: January 19, 2025, 01:00 PM UTC
Tether, a cryptocurrency used in illicit activities, has become the digital currency of choice for criminal organizations and sanctioned individuals. Despite concerns about facilitating illegal transactions, Tether's relationship with Cantor Fitzgerald, a bank headed by Commerce Secretary nominee Howard Lutnick, raises questions about potential conflicts of interest and inadequate regulation of cryptocurrencies.
Published on: January 18, 2025, 10:01 PM UTC
ChatGPT maker OpenAI to launch enhanced reasoning AI model o3 mini in coming weeks, CEO says.
Published on: January 17, 2025, 11:00 PM UTC