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FINANCE NEWS YOU NEED TO KNOW TODAY

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China’s Momenta Eyes $6 Billion Valuation in New Funding Round as Global Automakers Line Up

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China’s Momenta Eyes $6 Billion Valuation in New Funding Round as Global Automakers Line Up
Business
Momenta, a leading Chinese autonomous driving technology startup, is in talks to raise fresh capital at a potential valuation of around $6 billion, according to people familiar with the matter. The figure could still shift as the funding process moves forward, sources noted. The Beijing-based company specializes in developing advanced software and algorithms that enable […]
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ChatGPT Image Jul 21, 2025, 12_19_25 PM

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

Bitcoin Slips to $113K as Market Uncertainty Weighs; Altcoins Face Double-Digit Losses

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Bitcoin Slips to $113K as Market Uncertainty Weighs; Altcoins Face Double-Digit Losses
Business
NEW YORK — Bitcoin pulled back on Monday, cooling off after hitting a one-month high last week, as traders looked beyond the Federal Reserve’s latest rate cut and awaited fresh signals on the U.S. economic outlook. The world’s leading cryptocurrency slipped 2.5% to $113,000 as of 09:39 ET (13:39 GMT), retreating from last week’s peak […]
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Eric Trump Predicts $1M Bitcoin as Trump Family Expands Crypto Empire Across Asia

Eric Trump Predicts $1M Bitcoin as Trump Family Expands Crypto Empire Across Asia

Microsoft Hikes Xbox Prices in the U.S. Amid Economic Shifts and Tariff Pressures

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Microsoft Hikes Xbox Prices in the U.S. Amid Economic Shifts and Tariff Pressures
Business
REDMOND, Wash. — Microsoft announced on Friday that it will raise the retail prices of several Xbox consoles in the U.S. starting October, citing the impact of a shifting macroeconomic environment. The company clarified that accessories such as controllers and headsets will remain unaffected, and pricing across other countries will stay unchanged. Although Microsoft did […]
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Microsoft Secures $6 Billion U.S. Government Cloud Savings Deal to Boost AI and Digital Transformation

Microsoft Secures $6 Billion U.S. Government Cloud Savings Deal to Boost AI and Digital Transformation

India’s $18 Billion Bet on Semiconductors: Can It Build the Next Global Chip Powerhouse?

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ChatGPT Image Sep 23, 2025, 10_30_30 AM
Business
NEW DELHI — India has set its sights on becoming a major player in the global semiconductor industry, pledging investments worth 1.6 trillion rupees ($18.2 billion) to build a full-fledged chip ecosystem. The push comes as nations worldwide race toward semiconductor self-reliance, following U.S. restrictions on advanced chip exports to China in 2022. For India, […]
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ChatGPT Image Jul 3, 2025, 06_09_09 PM

Microsoft Cuts 9,000 Jobs in Major Restructuring Push to Stay Agile

Trump’s $100K H-1B Visa Fee: What It Means for Tech, Finance, and Skilled Workers

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Trump’s $100K H-1B Visa Fee: What It Means for Tech, Finance, and Skilled Workers
Business
WASHINGTON — President Donald Trump has announced a dramatic change to the H-1B visa program, raising the fee for employers to $100,000 per application, a steep increase from the previous $2,000–$5,000 range. The new policy, effective immediately, requires companies to provide payment proof before filing an H-1B petition. Petitions will remain restricted for 12 months […]
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Big Tech Soars: Google Antitrust Win, Apple Boost & $10B AI Deals Drive Market Value to $21 Trillion

Big Tech Soars: Google Antitrust Win, Apple Boost & $10B AI Deals Drive Market Value to $21 Trillion

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

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

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

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

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“We Need the Brightest Minds”: Nvidia & OpenAI Chiefs Back Trump’s $100K H-1B Visa Move
Business
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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ChatGPT Image Aug 12, 2025, 04_30_39 PM

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

Coinbase CEO Slams Banks for Attacking Stablecoin Rewards With “Boogeyman” Claims

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Coinbase CEO Slams Banks for Attacking Stablecoin Rewards With “Boogeyman” Claims
Business
Coinbase CEO Brian Armstrong joined fellow crypto leaders on Capitol Hill this week in a heated policy battle with the banking industry — a fight that could impact trillions of dollars in deposits. Banking advocacy groups are lobbying lawmakers to ban crypto exchanges from offering stablecoin rewards, arguing that such perks mimic traditional bank interest […]
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Eric Trump Predicts $1M Bitcoin as Trump Family Expands Crypto Empire Across Asia

Eric Trump Predicts $1M Bitcoin as Trump Family Expands Crypto Empire Across Asia

Nvidia Spends $900 Million to Bring Enfabrica CEO on Board and License AI Startup’s Breakthrough Tech

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Nvidia Spends $900 Million to Bring Enfabrica CEO on Board and License AI Startup’s Breakthrough Tech
Business
Nvidia has invested more than $900 million to bring in Enfabrica CEO Rochan Sankar along with several key employees, while also securing a license for the startup’s cutting-edge technology. The deal, completed last week, combines cash and stock compensation, according to people familiar with the matter. This move mirrors similar AI talent acquisitions made recently […]
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ChatGPT Image Aug 12, 2025, 04_30_39 PM

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

Oracle & Silver Lake Join TikTok Deal as Trump Pushes Deadline to December

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Oracle & Silver Lake Join TikTok Deal as Trump Pushes Deadline to December
Business
WASHINGTON — President Donald Trump has once again extended the deadline for ByteDance to divest its U.S. TikTok operations, giving more time for a deal involving an investor consortium that includes Oracle, Silver Lake, and Andreessen Horowitz. The new deadline is set for December 16, delaying a potential nationwide ban. The extension, issued through an […]
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ChatGPT Image Jul 25, 2025, 07_50_30 PM

TikTok Faces U.S. Blackout as Commerce Chief Demands American Control Over App

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