Business

HSBC Unveils $3B Share Buyback as Profits Tumble 29% Amid Economic Uncertainty

July 30, 2025

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HSBC, Europe’s largest bank, reported a sharp 29% decline in second-quarter profits, falling short of analyst forecasts, largely due to significant impairment charges. In a bid to reassure investors, the bank also announced a $3 billion share buyback. For the quarter ending in June, HSBC posted a pre-tax profit of $6.3 billion — below the […]

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Bill Gates Slams Foreign Aid Cuts: “Lives Are at Stake — It’s Not Too Late to Act”

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

Meta Set to Launch “Hypernova” Smart Glasses with Built-in Display and Gesture-Control Wristband at Connect

August 25, 2025

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Meta is preparing to make a major splash at its annual Connect conference next month with the debut of Hypernova, its first consumer-ready smart glasses equipped with a built-in display. Alongside the glasses, the company will also introduce a new wristband designed to let users control the device with simple hand gestures. The two-day Connect […]

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From Dropout to Design Mogul: How Dylan Field Built Figma Into a $70B Powerhouse

YouTube Crosses $100 Billion in Creator Payouts as It Celebrates 20 Years

September 17, 2025

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YouTube revealed on Tuesday that it has distributed over $100 billion to creators, artists, and media partners since 2021 — a record milestone that highlights the platform’s role as one of the most profitable digital ecosystems in the world. The surge in earnings has been largely driven by the rise of connected TV viewership. According […]

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Nvidia CEO Eyes Return to Advanced Chip Sales in China as Export Curbs Ease

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

“We Need the Brightest Minds”: Nvidia & OpenAI Chiefs Back Trump’s $100K H-1B Visa Move

September 23, 2025

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WASHINGTON — Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman have shared their views on President Donald Trump’s recent decision to raise the cost of hiring foreign talent under the H-1B visa program. Last week, Trump announced a dramatic fee increase — setting the new H-1B visa cost at $100,000. Under the updated rules, […]

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

Nvidia Slams AI Chip Smuggling: Warns Bootleg Data Centers in China Are a Risky Gamble

July 25, 2025

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Nvidia issued a strong warning on Thursday about the use of unauthorized AI chips in underground data centers, calling the practice both technically flawed and economically unsustainable. The statement followed a recent investigative report alleging that over $1 billion worth of Nvidia’s high-performance chips have been illicitly funneled into China. “Building data centers using smuggled […]

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Nvidia CEO Eyes Return to Advanced Chip Sales in China as Export Curbs Ease

Apple Stock Surges After iPhone 17 Launch, Turns Positive in 2025

September 23, 2025

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CUPERTINO, Calif. — Apple’s stock has bounced back strongly following the launch of its latest devices, erasing all of its 2025 losses and turning positive for the year. After a 4% rally on Monday, Apple shares are now up just over 2% year-to-date, making it the last of the major tech giants to enter positive […]

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

Telegram Launches Built-In Crypto Wallet for 87M U.S. Users — No App Needed

July 23, 2025

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Telegram has officially rolled out its integrated crypto wallet to 87 million users in the United States, allowing them to send, receive, and manage digital assets directly within the app—no separate downloads, browser extensions, or logins required. Called TON Wallet, the feature is now live within Telegram’s interface. It functions as a self-custodial wallet, meaning […]

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Super Micro Plans Major Expansion in Europe to Meet Soaring AI Server Demand

Lufthansa to Slash 4,000 Jobs by 2030 as AI Reshapes Airline Operations

September 29, 2025

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Lufthansa announced on Monday that it will cut 4,000 jobs worldwide by 2030 as part of a major restructuring plan that leans heavily on artificial intelligence to boost efficiency and profitability. The airline group said most of the reductions will target administrative roles, particularly in Germany, as the company streamlines overlapping tasks and embraces digital […]

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How Huawei Rose from Telecom Player to China’s AI Powerhouse