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…
yash sharma
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…
Sumit
The UMG and Spotify Makes a Deal for Streaming Rights
Universal Music Group (UMG), the biggest music label in the world, and the Swedish streaming giant Spotify have signed a new long-term deal for the streaming rights of music made under the UMG label. The company said in a statement on Sunday that this agreement allows Spotify to use UMG’s music and publishing rights in…
CNN Revamps its Processes to Become More Future-Ready
Mark Thompson, CNN’s chief executive, is driving a transformative shift at the network, focusing on adapting to the digital age to secure CNN’s future. He emphasized that following audiences to new platforms like new social media platforms is a must and that failure to do so could jeopardize the company’s prospects and future. Key steps…
The TikTok Bidding Begins with Multiple Interested Parties
Recently, President Trump announced that TikTok would have to sell 50% of its business to an American or a non-Chinese entity in order to keep doing business in the US. As a result, a bidding war has started between American businesses to buy this lucrative business. One of the front runners is Frank McCourt, who…
Shubham Goyal
Donald Trump Pledges $500 Billion for AI Infrastructure
AI supremacy is the new arms race or space race. Countries are fighting tooth and nail to achieve it. The United States of America has taken the first step toward it. On Tuesday, President Donald Trump announced a major investment of a whopping $500 billion to build and improve the country’s AI infrastructure, with the…
Vipin