Business

Block Shares Plunge 7% After Disappointing Q3 Earnings Miss Analysts’ Expectations

November 10, 2025

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Block Inc., the fintech giant founded by Jack Dorsey, saw its shares drop nearly 8% on Friday following weaker-than-expected third-quarter results that highlighted a slowdown in profit growth from its Square business segment. Here’s how the company performed compared with LSEG analyst estimates: Earnings per share (adjusted): $0.54 vs. $0.67 expected Revenue: $6.11 billion vs. […]

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

Tesla Misses Earnings, Meta Slashes Jobs, and U.S. Tightens Oil Sanctions on Russia — Your Morning Market Brief

October 27, 2025

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1. Tesla Hits a Speed Bump All eyes were on Tesla yesterday as it kicked off the new earnings season among the “Magnificent Seven” tech giants. Despite a slight recovery in revenue after two declining quarters, earnings per share fell short of market expectations due to rising capital expenditures. During the company’s earnings call, Elon […]

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Tesla Fights $243M Autopilot Crash Verdict, Seeks Dismissal or New Trial

Affirm CEO Notes Dip in Shopping Interest Among Furloughed Federal Workers Amid U.S. Shutdown

November 10, 2025

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Affirm CEO Max Levchin revealed on Friday that while the company hasn’t observed credit stress among federal employees impacted by the ongoing U.S. government shutdown, there are early signs of reduced shopping enthusiasm within that group. “We’re noticing a very subtle decline in shopping activity — just a few basis points — specifically among furloughed […]

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Tim Cook’s Masterclass: How Apple Dodged U.S. iPhone Demands While Winning Trump Over

Temu and Shein are pivoting to Europe in face of U.S. tariffs

June 10, 2025

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Amid escalating U.S. tariffs, Chinese e-commerce giants Temu and Shein are strategically pivoting their focus to Europe, aiming to offset declining U.S. sales and capitalize on the region’s growing demand for affordable online shopping. U.S. Market Challenges The U.S. market, once a significant revenue stream for both platforms, has become increasingly challenging. In May 2025, […]

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Is Starlink Coming to Pakistan?

Crypto CEO accused of laundering $500 million to Russian banks

June 10, 2025

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Iurii Gugnin, a 38-year-old Russian national residing in New York, has been arrested and charged with operating a sophisticated money laundering scheme that allegedly funneled over $530 million through U.S. financial institutions. Gugnin, the founder of cryptocurrency payment firms Evita Pay and Evita Investments, is accused of facilitating transactions on behalf of clients linked to […]

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FINANCE NEWS YOU NEED TO KNOW TODAY

Prime Day Sparks $7.9 Billion Online Spending Surge in Just 24 Hours

July 10, 2025

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Online shoppers in the U.S. spent a massive $7.9 billion on Tuesday—the opening day of Amazon’s Prime Day sales event—marking a 9.9% increase compared to the same day last year, according to data from Adobe Analytics. This figure makes it the biggest e-commerce day of 2025 so far, surpassing last year’s Thanksgiving Day total of […]

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Amazon Merges Freevee Into Prime Video, Ending Standalone App in August

Meta Slashes 600 Jobs in AI Division as Alexandr Wang Strengthens Control Over Company’s Artificial Intelligence Vision

October 27, 2025

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Meta is laying off around 600 employees from its artificial intelligence division as part of a major restructuring aimed at streamlining operations and accelerating innovation. A company spokesperson confirmed that the move is part of CEO Mark Zuckerberg’s broader plan to make the organization leaner and more efficient. The job cuts were announced in a […]

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

Apple Increases iPhone Pro Price for First Time in 7 Years, Unveils New iPhone 17 Air

September 10, 2025

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Apple has officially raised the starting price of its flagship iPhone Pro model in the U.S. for the first time since 2017, a move long anticipated by analysts and investors. The new iPhone 17 Pro now starts at $1,099, which is $100 more than last year’s iPhone 16 Pro. Alongside it, Apple has also introduced […]

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Tim Cook’s Masterclass: How Apple Dodged U.S. iPhone Demands While Winning Trump Over

Baidu’s Robotaxi Rides Hit 250,000 Weekly, Matching Waymo’s U.S. Numbers as Global Expansion Accelerates

November 4, 2025

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Beijing — China’s tech giant Baidu has achieved a major milestone in autonomous mobility, with its driverless car unit Apollo Go surpassing 250,000 fully autonomous rides per week as of October 31, a company spokesperson confirmed. This puts Baidu’s robotaxi operations on par with U.S. competitor Waymo, which reported similar weekly ride figures earlier this […]

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

Amazon Workers Lose Jobs Before Prime Day : “We’ve Followed Every Rule” Caught in Trump Immigration Crackdown

July 11, 2025

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Daphnee Poteau, a Haitian immigrant who arrived in the U.S. in 2023, found more than just a job at an Amazon warehouse in Indianapolis—she found her husband, Kristopher Vincent, a longtime employee at the same facility known as IND8. But their future has suddenly become uncertain. Last month, Poteau was contacted by the Department of […]

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Amazon to Inject £40 Billion into UK Economy Over the Next Three Years