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Category: Economy

Economy

Here’s what CEOs are saying about DEI at Davos

January 26, 2025

On the ground in Davos, DEI has been the subject of conversation both on the record and behind closed doors.…

How China’s new AI model DeepSeek is threatening U.S. dominance
Economy

How China’s new AI model DeepSeek is threatening U.S. dominance

January 26, 2025

An AI lab out of China has ignited panic in Silicon Valley after releasing impressive AI models more cheaply and…

CIA believes Covid-19 likely caused by lab leak, NBC News reports
Economy

CIA believes Covid-19 likely caused by lab leak, NBC News reports

January 26, 2025

"CIA continues to assess that both research-related and natural origin scenarios of the COVID-19 pandemic remain plausible." ...

Aerial firefighting companies’ new challenge: Keeping up with demand
Economy

Aerial firefighting companies’ new challenge: Keeping up with demand

January 26, 2025

Aerial firefighting companies supplement federal and state firefighting fleets, and their services are in high demand. ...

Venture Global closes below IPO price in disappointing debut despite Trump’s support of LNG industry
Economy

Venture Global closes below IPO price in disappointing debut despite Trump’s support of LNG industry

January 24, 2025

"The Trump administration has made very clear they support growing LNG exports," Venture CEO Mike Sabel told CNBC in an…

Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth
Economy

Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth

January 24, 2025

Meta CEO Mark Zuckerberg announced the company plans to invest around $60 billion to $65 billion in capital expenditures this year…

Target rolls back DEI initiatives, the latest big company to retreat
Economy

Target rolls back DEI initiatives, the latest big company to retreat

January 24, 2025

Target joins Walmart, Meta, McDonald's and a wave of other major companies pulling back on DEI programs. ...

Trump recommends ending FEMA ahead of California fire site visit
Economy

Trump recommends ending FEMA ahead of California fire site visit

January 24, 2025

President Donald Trump will visit California to see the damage caused by wildfires around Los Angeles. FEMA has been involved…

Alphabet shares close above $200 for first time on split-adjusted basis
Economy

Alphabet shares close above $200 for first time on split-adjusted basis

January 24, 2025

Investors are growing more bullish on Alphabet as the company speeds up its AI development. ...

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Crypto World

1
Cryptocurrency

Crypto Biz: Bank stablecoins get a rulebook; Bitcoin gets a land grab

December 19, 2025

Washington is inching closer to putting bank-issued stablecoins on a clearer regulatory track. This week, the Federal Deposit Insurance Corp. (FDIC), the US agency that oversees bank safety and insures deposits, laid out a proposed…

2
Cryptocurrency

Blockchain Association says no to expanding stablecoin yield prohibition

December 19, 2025

The Blockchain Association, a non-profit crypto advocacy organization, wrote a letter to the US Senate Committee on Banking, signed by over 125 crypto industry groups and companies, opposing the ban on third-party service providers and…

3
Cryptocurrency

Pro-crypto US Senator Lummis won’t seek reelection in 2026

December 19, 2025

Wyoming Senator Cynthia Lummis, one of the most outspoken advocates for digital assets in the current session of the US Congress, will leave office in 2027.In a Friday X post, Lummis announced that she would…

4
Cryptocurrency

SEC confirms years-long director bans for former Alameda, FTX executives

December 19, 2025

Former Alameda Research CEO Caroline Ellison and former FTX executives Gary Wang and Nishad Singh will be barred from assuming company leadership roles for eight to 10 years following a court judgment.In a Friday notice,…

Economy

Economy

Oracle stock jumps 7% as cloud provider joins investor group to run TikTok’s U.S. business

December 19, 2025
Economy

Musk’s $56 billion Tesla pay package must be restored as court rules cancellation was too extreme

December 19, 2025
Economy

NY Fed President Williams says some ‘technical factors’ distorted November’s CPI reading downward

December 19, 2025
Economy

Epstein files released by DOJ

December 19, 2025
Economy

Nine of the largest pharma companies ink deals with Trump to lower drug prices

December 19, 2025
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