economy

ASG CEO Anthony Tepedino created shell companies, bribed executives of the company's biggest client, and even forged signatures of ASG executives to siphon off money for personal lifestyle upgrades.

Niloy Chakrabarti Dec 19, 2025

Americans building their retirement savings via investment instruments like 401(k)s with a focus on AI stocks might need to reconsider their strategy as signs of cracks appear in the AI boom rally.

Niloy Chakrabarti Dec 18, 2025

In Q3, Appaloosa's David Tepper sold his entire stake in Intel and reduced his UnitedHealth Group holdings by over 90% to invest $400 million in Whirlpool shares.

Niloy Chakrabarti Dec 17, 2025

Brenda Aubin-Vega from Montreal won $1 million in the lottery but chose weekly payments of $1,000, sparking debate over whether she made the right decision.

Niloy Chakrabarti Dec 17, 2025

Elon Musk's net worth was driven by reports of SpaceX's $800 billion valuation, Tesla's stock price surge, and talks of xAI raising $15 billion at a $230 billion valuation.

Niloy Chakrabarti Dec 16, 2025

Cathie Wood sold over 124,000 Tesla shares this week across Ark Invest ETFs amid valuation concerns and a rare downgrade from Morgan Stanley.

Niloy Chakrabarti Dec 16, 2025

Strategy's Michael Saylor hinted that his firm could continue accumulating more bitcoin after buying over 10,000 tokens last week despite a price crash.

Niloy Chakrabarti Dec 15, 2025

MacKenzie Scott has donated over $7.1 billion to around 225 nonprofits in 2025 as part of her pledge to give away most of her wealth in her lifetime.

Niloy Chakrabarti Dec 15, 2025

Planet Labs attributed the Q3 beat to robust traction in its AI-enabled global monitoring services and the rollout of new technologies and contract renewals with major space agencies.

Niloy Chakrabarti Dec 12, 2025

Big Short's Michael Burry believes there is 'supply-side gluttony', implying major data centre expansion, GPU orders, and multibillion-dollar commitments without any clear end-user demand.

Niloy Chakrabarti Dec 12, 2025

Lululemon Athletica shares surged during after-hours trading after the company reported better-than-expected Q3 results and announced the departure of CEO Calvin McDonald.

Niloy Chakrabarti Dec 12, 2025

The Trump Administration has proposed a joint settlement with Missouri to formally end the student loan payment pause introduced under former US President Joe Biden.

Niloy Chakrabarti Dec 10, 2025

SpaceX is planning an IPO next year to raise over $30 billion at a valuation of $1.5 trillion, which would make it the largest listing ever.

Niloy Chakrabarti Dec 10, 2025

Shark Tank star Kevin O'Leary claims the biggest financial trap people fall into unseen isn't a poor stock portfolio, but purchasing a house that is too large for their means.

Niloy Chakrabarti Dec 09, 2025

Berkshire Hathaway announced significant changes to its senior management as Warren Buffett prepares to step down as CEO after leading the company for six decades.

Niloy Chakrabarti Dec 09, 2025

Bridgewater Associates founder Ray Dalio compared the emergence of several Middle East countries as major AI hubs with the rise of Silicon Valley as the global centre of technology.

Niloy Chakrabarti Dec 08, 2025

US lawmakers have proposed a $901 billion defense bill focused on military strength and ideological issues, while the Biden-era health budget faces significant cuts, highlighting contrasting national priorities.

Niloy Chakrabarti Dec 08, 2025

Robinhood Markets' entry into Indonesia, a major financial hub with investors seeking low-fee trading, could prompt brokerages worldwide to reduce fees over time.

Niloy Chakrabarti Dec 08, 2025

Enhanced tax breaks under US President Donald Trump's One Big Beautiful Bill Act will boost federal income tax refunds next year by several hundred dollars.

Niloy Chakrabarti Dec 05, 2025

Ken Griffin's Citadel Advisors purchased millions of shares of Magnificent 7 stocks in Q3 amid AI boom, with one notable exception.

Niloy Chakrabarti Dec 05, 2025

Jeff and Lauren Sanchez will donate $102.5 million to 32 US nonprofits in 2025, supporting families experiencing homelessness and promoting long-term housing solutions.

Niloy Chakrabarti Dec 04, 2025

Cami sold her house, took loans, and moved to a rental to buy and grow a laundromat, generating hundreds of thousands of dollars annually with minimal work.

Niloy Chakrabarti Dec 04, 2025

Luke Parkhurst left his well-paid sales job in Houston to move back with his mother in Las Vegas, seeking a simpler, more fulfilling life through household chores and family.

Niloy Chakrabarti Dec 03, 2025

Trump's custodial accounts offer an early start for retirement savings, but their complex rules require careful planning. Converting to Roth IRAs when beneficiaries turn 18 may be beneficial.

Niloy Chakrabarti Dec 03, 2025

Costco seeks a full refund of tariffs paid this year, pending the US Supreme Court's decision on Trump's authority to impose tariffs.

Niloy Chakrabarti Dec 02, 2025

Silver mining stocks recorded double-digit gains as the metal price surged to new record highs amid a tight global supply and growing expectations for an interest-rate cut this month.

Niloy Chakrabarti Dec 01, 2025

International student enrolments at US colleges declined sharply in 2025 due to visa restrictions and policies, leading to significant economic losses and job reductions nationwide.

Niloy Chakrabarti Dec 01, 2025

Bitcoin's lack of dip buyers amid a sharp selloff raises concerns, suggesting persistent structural roadblocks this month. Prices could fall further, analysts warn.

Niloy Chakrabarti Dec 01, 2025

A law allows companies to involuntarily roll over a former worker's 401(k) into an IRA when the balance is between $1,000 and $7,000, potentially impacting long-term growth.

Niloy Chakrabarti Nov 25, 2025

Federal Reserve warns of 'eye-popping' job losses. Global recession imminent as fragile markets collapse.

Kobe Patrick Serinas Nov 24, 2025