American Financial Watchdogs Ordered to Cease Activities
Employees of the Consumer Financial Protection Bureau were instructed to cease all of their operations and all stakeholder engagement effective immediately after receiving an email from the director of the Office of the Management and Budget, Russell Vought, on Saturday evening. Russell Vought was also named to lead the Office of Management and Budget, and…
Vipin
Cerebras Breaks Speed Records with Mistral Partnership
Cerebras Systems, a leading AI chipmaker backed by UAE-based tech giant G42, has partnered strategically with France’s Mistral, enabling the European AI firm to achieve a record-breaking processing speed. Mistral, known for its open-source AI technology, is positioning itself as a formidable competitor to Meta Platforms and China’s DeepSeek, which have recently gained attention for…
yash sharma
Google Scraps its Diversity-Based Hiring Project
In January, the owner company of the biggest social media platforms in the world, Meta, announced that it would be ending its DEI programs, including the ones for hiring, training and picking suppliers. They announced an internal memo. After this move by Meta, Alphabet’s Google was quick to follow suit and announced that it would…
Sumit
Shein, Temu, and Amazon to Increase Prices, Report Says
Recently, the USPS (United States Postal Services) temporarily suspended every inbound parcel from China and Hong Kong posts under further notice, according to the USPS website. However, the website also mentioned that the suspension will not affect the flow of letters coming from China or Hong Kong. Many people believe that this is tied to…
Vikas
President Donald Trump’s Tariff Plan Hits a Roadblock
Donald Trump suspended his plans to impose steep tariffs on Mexico and Canada on Monday. In return for talks on border and crime enforcement with the neighboring countries, he agreed to a 30-day pause. However, tariffs on China are still to take effect on Tuesday. The leaders of both neighboring countries, Canadian Prime Minister Justin…
Talos Energy to Name Paul Goodfellow their New CEO
Talos Energy, the fifth-largest oil and natural gas producer in the USA, is about to appoint its new CEO. According to Mint and its sources, the company is expected to name veteran Shell executive Paul Goodfellow as its next CEO. The sources say Goodfellow, the chief internal auditor at Shell, will be appointed as soon…
Suryansh
SoftBank to Invest $25 Billion on OpenAI Ahead of Stargate
OpenAI, one of the biggest artificial intelligence companies in the world, has long been in a money-raising frenzy. Now, it is in talks with SoftBank, a Japanese conglomerate, to raise around $25 billion, as per three people familiar with the development. This money might cover OpenAI’s commitment to the $100 billion data center project Stargate,…
ABHYUDAYA MITTAL
US Federal Reserve Announced To Pause Interest Rate Cuts
The Federal Bank on 29th January announced hitting the brakes on the interest rate cuts and confirmed to follow a more cautious approach, signalling a wait-and-watch approach towards President Donald Trump’s policies. The news broke out soon after President Donald Trump announced bringing down the interest rate “immediately”. The current interest rate in America remains…
Shipra Prajapati
Shares of Tech Companies Recovers Some of Its Losses
US Technology companies received a major blow from the Chinese AI company DeepSeek after the company rolled out their GenAI R1 at much lower prices. On Monday, i.e. 27th of January, Nvidia lost close to $593 billion in market value, approximately 17% of its share value. Moreover, semiconductor, power, and infrastructure companies collectively shed more…
Nvidia’s Future in Jeopardy, China takes Center Stage
Shares of the chipmaking giant Nvidia plunged on Monday following an announcement by a Chinese firm. This marked the worst day for chipmaker’s shares after the global market sell-off in 2020 due to the pandemic. The plunge is the direct result of the advances claimed by a Chinese startup and a global share sell-0f over…