Business

From Underdog to Space Dominator: How SpaceX Took Over America’s Space Industry

August 25, 2025

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Today SpaceX stands as a $400 billion giant, central to U.S. space operations — but its journey to dominance was far from smooth. Founded in 2002 by Elon Musk with funds from the sale of PayPal, the company set out to disrupt an industry long controlled by legacy players. Its first rocket, Falcon 1, was […]

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Starlink Faces Second Outage in Two Weeks as SpaceX Expands Satellite Fleet

Gold edges higher as investors eye Trump–Zelensky talks and Fed signals

August 18, 2025

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Gold prices ticked upward on Monday, helped by a pullback in U.S. Treasury yields, as markets awaited U.S. President Donald Trump’s meeting with Ukrainian President Volodymyr Zelensky and key European leaders later in the day. As of 08:40 GMT, spot gold was up 0.4% at $3,348.28 per ounce, after briefly touching its lowest level since […]

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Gold Could Surge to $4,000 as U.S. Trust Wavers – WisdomTree Analyst Warns

Gold Rises as U.S. Inflation Stays Stubborn at 0.2% in July

August 18, 2025

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Gold prices bounced back from earlier lows, stabilizing as U.S. inflation data showed steady upward pressure on consumer costs. According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) climbed 0.2% in July, following June’s 0.3% rise—right in line with forecasts. Over the past year, headline inflation increased 2.7%, just under the expected […]

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Gold Could Surge to $4,000 as U.S. Trust Wavers – WisdomTree Analyst Warns

Samsung Surges as Foldable Phones Steal Market Share from Apple in the U.S.

August 18, 2025

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A decade after Apple and Samsung first battled for dominance in the U.S. smartphone market, the rivalry is heating up again — and this time, foldable screens are at the center of the fight. According to Canalys data, Samsung’s U.S. shipments jumped in the second quarter, boosting its market share from 23% to 31%, while […]

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Trump Ally Slams Tim Cook for Delays in Shifting iPhone Production from China

OpenAI Eyes $6 Billion Stock Sale at Massive $500 Billion Valuation

August 18, 2025

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OpenAI is reportedly preparing a secondary share sale worth around $6 billion that could value the artificial intelligence giant at nearly $500 billion. The offering would allow current and former employees to cash out shares, with major investors such as SoftBank, Dragoneer Investment Group, and Thrive Capital said to be in talks to participate. Thrive […]

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Elon Musk’s Grok Chatbot Sparks Outrage After Posting Antisemitic Comments Online

Senate Democrats Urge Trump to Halt AI Chip Sales Deal With China

August 18, 2025

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A group of six Senate Democrats has called on President Donald Trump to reverse his decision allowing U.S. chipmakers Nvidia and Advanced Micro Devices (AMD) to sell advanced AI semiconductors to China in exchange for 15% of revenue from those sales. The lawmakers — including Chuck Schumer, Mark Warner, Jack Reed, Jeanne Shaheen, Christopher Coons, […]

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Trump Signals Openness to Nvidia Selling a ‘Weakened’ Blackwell AI Chip to China

TeraWulf Soars Over 10% as Google Expands Stake in Bitcoin Miner and AI Datacenter Project

August 18, 2025

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Shares of TeraWulf surged more than 10% after Google boosted its investment in the bitcoin mining and datacenter operator, backing the expansion of its Lake Mariner facility in New York. The deal adds up to $1.4 billion in fresh backstop funding, raising Google’s total commitment to about $3.2 billion and increasing its ownership stake from […]

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Varun Mohan Joins Google as Tech Giant Inks $2.4B AI Deal with Windsurf

Bitcoin Retreats to $115000 as Inflation Jitters Spark $500M Crypto Sell-Off

August 18, 2025

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The cryptocurrency market kicked off the week on a volatile note, with more than half a billion dollars in leveraged positions wiped out amid renewed macroeconomic worries. Bitcoin slipped 2% to $115,255 after briefly plunging to $114,706, just days after setting a new all-time high of $124,496. Ether also pulled back 4% to $4,283, retreating […]

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Bitcoin Soars as Trump Greenlights Crypto Access in 401(k) Retirement Plans

Gold Steadies as Traders Brace for Key U.S. Inflation Numbers

August 12, 2025

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Gold prices inched higher on Tuesday, recovering slightly from the previous session’s steep drop, as investors kept their eyes on upcoming U.S. inflation data that could influence the Federal Reserve’s interest rate path. Spot gold rose 0.2% to $3,349.13 per ounce by 0904 GMT, while U.S. gold futures for December delivery held steady at $3,398.90. […]

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Gold Surges to 5-Week Peak as Dollar Weakens, Trade Uncertainty Sparks Investor Rush

Citi Predicts Brent Crude Could Slide to Low-$60s by Year-End Amid Market Softening

August 12, 2025

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Analysts at Citibank expect Brent crude prices to drift toward the low $60 per barrel range before the year closes, pointing to signs of a cooling market. As of Wednesday afternoon, Brent futures traded at $66.53 per barrel, down 36 cents, while U.S. West Texas Intermediate (WTI) slipped 38 cents to $63.97.The bank noted that […]

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Oil Prices Rebound on U.S. Demand Strength Despite Sanctions Uncertainty