The Great Rate Reset
For more than a decade after the 2008 financial crisis, money was cheap. Borrowing felt almost frictionless. Growth at any cost was the mantra. Then the world changed. Today, businesses…
US Supreme Court rejects Trump’s emergency-tariff powers ruling, major blow to tariffs.
The U.S. Supreme Court struck down Donald Trump's sweeping tariffs that he pursued under a law meant for use in national emergencies, handing the Republican president a stinging defeat in…
Rolls-Royce Eyes $2B Share Buyback with Annual Results, Sky News reports
Rolls-Royce Holdings is expected to announce alongside its annual results this week that it will launch a fresh share buyback worth as much as 1.5 billion pounds ($2 billion), Sky…
Trump Defies Supreme Court, Slaps New 10% Global Tariff
U.S. President Donald Trump responded with fury to Friday's Supreme Court ruling that he lacked the power to unilaterally set tariffs on imports, denouncing individual justices as he vowed to…
AI Infrastructure Is the New Oil Boom, But This Time It Is Electric
In 2026, the global business conversation has shifted from “Should we invest in AI?” to “How fast can we scale it?” The gold rush is no longer about apps or…
AWS Hit by December Outage Affecting Cost Management Tool
Amazon's cloud unit AWS had suffered an outage impacting a cost-management feature in December, a spokesperson told on Friday. The Financial Times reported earlier that the service suffered two outages…
Tesla Launches Cheaper Cybertruck, Cuts Cyberbeast Price
Tesla unveiled a cheaper Cybertruck variant in the U.S. late on Thursday and slashed the price of its most-expensive model, Cyberbeast, as the electric-vehicle maker struggles to find buyers for…
OpenAI Eyes $600B Compute Spend, $1T IPO Valuation
OpenAI is targeting roughly $600 billion in total compute spend through 2030, a source familiar with the matter told on Friday, as the ChatGPT maker lays groundwork for an IPO…
John Paul DeJoria: From Homeless to Billionaire
A Tough Beginning That Shaped His Drive John Paul DeJoria’s early life looked nothing like the life he eventually built. Born in Los Angeles in 1944 to immigrant parents, he…
Visa to Acquire Prisma and Newpay in Argentina Expansion Push
Card giant Visa said on Thursday it would buy payment platforms Prisma and Newpay from private-equity firm Advent International, bolstering its presence in Argentina. The deal links Visa's global payments…