Category: Business
Why it’s tough to go digging for oil in the oceans — and why India is spending ₹84,084 crore trying to
The Union cabinet on Friday approved Samudra Manthan, a ₹84,084 crore scheme to hunt for oil and gas off India’s coast. The plan, over five…
The restaurant business is changing beyond recognition
CALL IT A brunch bonanza. On days in 2024 when Taylor Swift was performing in Miami, eateries within 20 miles of the venue that use…
Private equity is coming for the Indian Premier League
WHEN THE Indian Premier League (ipl) launched in 2008, the owners of the new cricket tournament’s city-based franchises were chiefly India’s glitterati. Bollywood stars and…
Planning to buy a home? Let your down payment grow while you select the right one
Saving for a home down payment is different from most other financial goals. The timeline is usually fixed, the amount is significant, and there is…
Tesla Weighs Sale of China Business to Pave Way for Potential SpaceX Merger
Elon Musk designed Tesla’s China business to be easily separated from its U.S. business because of geopolitical tensions. It might also come in handy if…
Tim Cook signs off with Apple’s best ever June quarter, as India drives momentum
In what is Tim Cook’s final earnings call as CEO, Apple has reported its higher ever quarter ending June with revenue of $109.4 billion, marking…
Jersey Mike’s stock falls 2% after NYSE debut despite $1 billion IPO
Jersey Mike’s shares fell about 2% on Thursday afternoon after the sandwich chain made its stock market debut on the New York Stock Exchange (NYSE)…
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…
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…
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…