Short Sellers Lost More Money Betting Against Tesla Than Any Other Company in 2023
Here’s something sure to make Elon Musk smile – short sellers, those investors who placed bets that the value of Tesla shares were going to go down, lost a combined
Saudi Aramco Boosts Dividends Despite Decline in Profits
Despite experiencing a significant drop in profits due to reduced production and falling oil prices in 2023, Saudi Aramco remains resilient, reporting the second-highest profit in its history. The energy
Air India Express Disrupts Flights as Cabin Crew Call in Sick
Air India Express faced significant disruptions this week as approximately 100 cabin crew members called in sick, leading to the cancellation of 85 flights since Tuesday evening. The sudden absence
Microsoft, OpenAI Sign Non-Binding Deal to Pave Way for Restructuring
Microsoft and OpenAI have signed a non-binding agreement to redefine the terms of their partnership, a move that could allow OpenAI to transition into a for-profit company and eventually pursue
Nvidia to Invest $5 Billion in Intel Amid AI Chip Boom
US chip giant Nvidia has announced plans to acquire a $5 billion stake in Intel, a move aimed at boosting the struggling semiconductor company while strengthening collaboration on next-generation chip
Yellow Files For Bankruptcy After Shutting Down
Yellow Corp., a once-dominant US trucking company with a 99-year history, has filed for bankruptcy as it ceases operations, leaving many employees devastated and facing uncertainty about their future. The
China’s EV Takeover: Innovation, Intrigue, and the Global Power Shift on Four Wheels
It’s sleek, compact, and unmistakably futuristic. In China, it’s affectionately named the Seagull, a budget electric vehicle that zips through city streets with angular curves and headlights that seem to
MTV News to Shut Down as Paramount Media Networks Slashes US workforce
Paramount Media Networks, MTV and Showtime, which are divisions of Paramount, announced on Tuesday that it would shut down MTV News and reduce its workforce by 25%. Chris McCarthy, the
Elon Musk Pulls Out of $44bn Deal to Buy Twitter
American billionaire businessman, Elon Musk has pulled out of the deal to buy Twitter as he seeks to officially end his $44bn (£36bn) bid to buy the social media brand
Bill Gates Pledges to Donate Nearly All His Wealth and Wind Down Gates Foundation by 2045
Billionaire philanthropist and Microsoft co-founder Bill Gates has announced a bold plan to give away the majority of his fortune - estimated at $200 billion - within the next two
Tobacco Giants Near $23.6 Billion Settlement in Landmark Canada Case
Three of the world’s leading tobacco firms are close to finalizing a multibillion-dollar settlement in Canada, potentially bringing an end to a long-running legal battle over the health risks of
iPhone Maker Foxconn to Build Electric Vehicles for Mitsubishi Motors
Foxconn, the Taiwanese tech giant best known for manufacturing Apple’s iPhones, has unveiled plans to build electric vehicles (EVs) for Japanese automaker Mitsubishi Motors in a new push into the
Bugatti Unveils $4 Million, 1,800-Horsepower Hybrid Supercar
Bugatti has introduced its latest marvel, the Bugatti Tourbillon, a $4 million hybrid powerhouse set to replace the $3.3 million, 1,500 horsepower Chiron. This new model, boasting 1,800 horsepower, combines
Apple Warns of Critical macOS Vulnerability, Urges Immediate Update
Apple has disclosed a severe security vulnerability in its macOS kernel, identified as CVE-2025-24118, which could allow attackers to gain kernel-level privileges. The flaw, affecting multiple versions of macOS, iPadOS,
Rising US Visa Costs Pose Financial Burden for International Artists
Aspiring musicians dream of making it big in the US, but for many, the escalating costs of obtaining a visa are turning that dream into a financial nightmare. Overseas performers
Netflix Faces Critical Questions in 2024 Amid Dominance in Streaming Landscape
As Netflix continues to assert its dominance in the streaming industry, investors are closely watching the company's performance in 2024. The streaming giant, often hailed as the winner of the
Activision Blizzard Settles Gender Discrimination Lawsuit with California for $54 Million
In a landmark resolution, video game giant Activision Blizzard and the California Civil Rights Department (CRD) have reached a settlement in a gender discrimination lawsuit, amounting to approximately $54 million.
Disney Confronts Rising Costs with New Offerings Amid Mixed Reactions from Fans
Disney has unveiled ambitious new projects for its parks and cruises, capturing the attention of its most dedicated fans. During a recent event, the company presented a slew of upcoming
Jack Ma Loses More Than Half of His Wealth After Criticizing Chinese Regulators
Jack Ma, once Asia's richest person, has seen his fortune decrease significantly over the past three years, with his net worth estimated to be less than half of its peak
TikTok Resumes U.S. Service Following Trump’s Intervention
TikTok has restored access to its platform for 170 million U.S. users after President-elect Donald Trump announced plans to issue an executive order granting the app a temporary reprieve. The
