Short Sellers Lost More Money Betting Against Tesla Than Any Other Company in 2023

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

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 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, 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

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 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

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

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

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

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

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

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 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 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

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

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

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 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 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 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

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