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Leopold Aschenbrenner's Situational Awareness unwound its hedge fund with up to $24B after leveraged AI and software bets turned into steep losses. (Pexel/Representative image) (Pexel)
Posted in Business

Leopold Aschenbrenner’s Situational Awareness unwinds hedge fund with up to $24B after leveraged AI bets fail

Leopold Aschenbrenner’s hedge fund Situational Awareness has completely unwound its investment portfolio after suffering heavy losses on its AI and software trades, according to CNBC’s…

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Posted in Economy

RBI issues revised Basel Pillar 3 disclosure framework for commercial, small finance and payments banks

The Reserve Bank of India (RBI) on Thursday issued 10 amendment directions revising its Basel Pillar 3 disclosure framework for commercial banks, small finance banks…

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Nvidia, Nebius, Amazon and AI stocks rallied after Microsoft Azure posted strong growth, boosting confidence in AI demand and cloud spending. (AP Photo/Yuki Iwamura) (AP Photo/Yuki Iwamura)
Posted in Business

Why Nvidia, Nebius, Amazon and AI stocks are rising today as Microsoft Azure growth boosts sector

AI stocks jumped sharply on Thursday as investors cheered strong AI demand, especially after Microsoft reported better-than-expected cloud growth. The Nasdaq Composite rose 2%, the…

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Posted in Economy

GSTN puts proposed e-way bill changes on hold after industry feedback

The Goods and Services Tax Network (GSTN) has put on hold two proposed enhancements to the e-way bill system that were scheduled to come into…

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US core inflation eased to 3.3% in June, but it remains above the Fed's target, keeping a September rate hike firmly in focus for investors.  (Photo by Henry NICHOLLS / AFP) (AFP)
Posted in Business

US core inflation eases to 3.3% in June as September Fed rate hike remains in focus

The Federal Reserve’s preferred inflation measure, the core Personal Consumption Expenditures (PCE) price index, eased to 3.3% in June from 3.4% in May, according to…

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FILE PHOTO: Soccer Football - World Cup Playoff Tournament and European Playoff draws - FIFA Headquarters, Zurich, Switzerland - November 20, 2025 FIFA president Gianni Infantino during the draw (REUTERS)
Posted in Business

Selling stakes in the beautiful game. What could go wrong?

Football stirs heated passions. But Gianni Infantino, president of FIFA, pushes them to boiling point. On July 28th football’s governing body unveiled plans to raise…

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IndiGo’s Rahul Bhatia says pilot duty rules make aviation ‘uncompetitive’, calls for review IndiGo’s managing director Rahul Bhatia seeks a review of pilot flight duty…

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ICE will buy MarketAxess in a $5.7B-$6B deal.  (AP Photo/Mark Schiefelbein)) (AP Photo/Mark Schiefelbein)
Posted in Business

Intercontinental Exchange to buy MarketAxess in $6B deal, expands bond trading

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has agreed to buy bond trading platform MarketAxess Holdings in an all-cash…

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Ben Broca runs his company as a one-man band—with lots of help from AI—from his living room in Sausalito, Calif.
Posted in Business

The Rise of Million-Dollar Companies With Just One Employee

Ben Broca launched a company last December that offers AI tools to entrepreneurs. He’s already added 10,000 paying customers and is on track to bring…

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Apple plans to lease iPhones for $17.99 a month with Apple Upgrade. Learn monthly prices, eligibility, Klarna partnership and how the lease works. (Photographer: David Paul Morris/Bloomberg) (Bloomberg)
Posted in Business

Apple plans to lease iPhones for $17.99 a month: Here’s how

Apple has started a new leasing program called “Apple Upgrade.” It lets customers use the latest iPhones and other Apple devices by paying a small…

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