economy

A sailor aboard the USS Abraham Lincoln reportedly described harsh conditions during an extended deployment, including food shortages and emotional strain, raising questions about the limits of prolonged naval missions.

Niloy Chakrabarti Aug 14, 2026

Sam Altman, CEO of OpenAI, went from rejecting a Goldman Sachs internship to leading a top AI company now preparing for a potential IPO with Wall Street's help.

Niloy Chakrabarti Aug 13, 2026

Mark Zuckerberg's superyacht, Launchpad, was at the centre of a viral Alaska rescue story after reportedly not responding to a Coast Guard call, while the Wilderness Legacy came to the rescue.

Niloy Chakrabarti Aug 10, 2026

Under Greg Abel, Berkshire Hathaway has taken a bold approach, including a $10 billion stake in Alphabet and an $8.5 billion acquisition of Taylor Morrison, diverging from Warren Buffett's caution.

Niloy Chakrabarti Aug 10, 2026

Michael Burry reveals short positions against Oracle and Nebius, alleging that cloud companies are understating depreciation by extending the useful life of assets by artificially boosting earnings.

Niloy Chakrabarti Aug 07, 2026

Electronic Arts faces optimism and employee concern as it goes private, with $700 million in cost cuts after a $55 billion buyout led by Saudi Arabia's PIF.

Niloy Chakrabarti Aug 06, 2026

OpenAI settles with the DOJ for $3.2M over allegations of favoring foreign workers and will update recruitment practices to ensure fair opportunities for US candidates.

Niloy Chakrabarti Aug 06, 2026

SpaceX's stock dropped nearly 10% despite a surge in Q2 revenue and AI earnings. Explore the impact of rising AI capital expenditure and the upcoming insider share-lockup expiry on the stock market.

Niloy Chakrabarti Aug 05, 2026

Jeff Bezos plans to sell 15 million Amazon shares worth $4.07 billion, which could be a drag on the robust stock rally after a Q2 earnings beat.

Niloy Chakrabarti Aug 04, 2026

Michael Saylor's Strategy sold Bitcoin worth millions to manage capital, while Saylor maintains his personal BTC holdings. Learn about the impact on Bitcoin prices and investor reactions.

Niloy Chakrabarti Aug 04, 2026

Apple's record June quarter sees iPhone sales soar, but supply chain constraints and investor concerns loom. Discover how Apple's diversification efforts are challenged by reliance on its flagship product.

Niloy Chakrabarti Jul 31, 2026

OpenAI CEO Sam Altman warns of potential cybersecurity risks as AI becomes integral to business operations, emphasising the need for responsible deployment and robust cybersecurity measures.

Niloy Chakrabarti Jul 31, 2026

Mark Zuckerberg argues that AI should empower individuals and fuel innovation instead of eliminating jobs, while advocating for widespread access.

Niloy Chakrabarti Jul 29, 2026

Micron Technology's stock fell sharply amid a semiconductor sell-off driven by AI spending concerns and Chinese competition, with CEO Sanjay Mehrotra selling shares before the decline.

Niloy Chakrabarti Jul 29, 2026

The Social Security Administration will issue August SSI payments a day early this year on 31st July, as the scheduled payment date falls on a weekend.

Niloy Chakrabarti Jul 28, 2026

Porsche to cut 5,000 additional jobs by 2035 amid declining demand and competition, while investing $2.39 billion in key facilities and site protection to protect profitability and navigate industry shifts.

Niloy Chakrabarti Jul 28, 2026

The US Department of Justice's $3.3 million settlement with major egg producers over antitrust allegations faces criticism for being too lenient, as companies report billion-dollar profits amid high egg prices.

Niloy Chakrabarti Jul 27, 2026

Elon Musk denies racism allegations, defending his views on immigration and multiculturalism, while acknowledging that he got too involved in politics.

Niloy Chakrabarti Jul 24, 2026

The revised CLARITY Act aims to prevent US officials and their spouses from issuing or sponsoring cryptocurrencies, addressing potential conflicts of interest and enhancing transparency in crypto investments.

Niloy Chakrabarti Jul 23, 2026

Tesla's Q2 earnings fell short despite revenue growth due to rising costs and declining margins, raising questions over a potential merger with SpaceX.

Niloy Chakrabarti Jul 23, 2026

A US citizen's Social Security benefits were suspended due to an alleged deportation status error despite having all documents, including a naturalisation citizenship certificate obtained 45 years ago.

Niloy Chakrabarti Jul 23, 2026

JPMorgan CEO Jamie Dimon warns higher financial sector taxes could hinder UK investment, impact plans for a new London HQ, and affect the broader economy.

Niloy Chakrabarti Jul 22, 2026

Peter Schiff warns that an AI bubble may have already burst, as SpaceX and other frontier AI models face stiff competition from the newly-launched Kimi K3 model from China's Moonshot AI startup.

Niloy Chakrabarti Jul 21, 2026

Cathie Wood's Ark Invest sold 23,573 AMD shares after AI critic Ed Zitron claimed OpenAI's unsustainable finances are impacting chipmakers, raising risks of a market crash.

Niloy Chakrabarti Jul 20, 2026

PayPal shares rose over 21% during premarket hours on Wednesday after Stripe's $53 billion buyout offer, and Michael Burry's claim that he won't sell the stock despite the premium.

Niloy Chakrabarti Jul 15, 2026

Stripe and Advent's $53 billion bid for PayPal highlights a strategic shift towards consolidation in fintech, valuing PayPal's global network over its beaten-down stock price.

Niloy Chakrabarti Jul 15, 2026

Sridhar Vanka's story highlights challenges for skilled immigrants in US tech, including H-1B restrictions and layoffs at Meta. Explore broader impacts on America's immigration system and tech industry.

Niloy Chakrabarti Jul 15, 2026

Volkswagen may cut up to 100,000 jobs globally as part of a major restructuring effort, driven by declining profits and increased competition. Analysts suggest this could be a negotiation tactic.

Niloy Chakrabarti Jul 14, 2026

Gen Z is increasingly choosing trade schools over traditional college degrees, driven by rising tuition costs and the belief that hands-on skills will protect their jobs amid AI automation.

Niloy Chakrabarti Jul 14, 2026

The US government's debt interest payments have reached $24 billion weekly, surpassing spending on major federal agencies, highlighting a growing fiscal challenge for policymakers.

Niloy Chakrabarti Jul 13, 2026