Business

Duo Behind $650M Global Crypto Scam Promising 300% Profits Now Facing Federal Charges

July 9, 2025

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Two men have been indicted for orchestrating a massive international cryptocurrency fraud scheme that deceived investors out of more than $650 million. According to an indictment unsealed in the District of Puerto Rico, Michael Shannon Sims, 48, from Georgia and Florida, and Juan Carlos Reynoso, 57, from New Jersey and Florida, are accused of founding […]

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

SoftBank’s Masayoshi Son Bets Big on AI, Aiming to Shape the Future of Technology

August 12, 2025

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Masayoshi Son is placing what may be the most ambitious wager of his career — transforming SoftBank into a global leader at the heart of the artificial intelligence revolution. Son predicts that artificial superintelligence (ASI) — technology 10,000 times more intelligent than humans — could arrive within the next decade. Known for high-stakes moves, such […]

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

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

Norway’s $2 Trillion Wealth Fund Turns Against Elon Musk’s $1 Trillion Tesla Pay Deal

November 4, 2025

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Norway’s $2 trillion sovereign wealth fund, the world’s largest, has announced that it will vote against Elon Musk’s record-breaking $1 trillion compensation package at Tesla’s upcoming shareholder meeting, challenging the company’s leadership and Musk’s influence. The fund, officially managed by Norges Bank Investment Management (NBIM) and a major Tesla shareholder, revealed on Tuesday that it […]

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

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

July 3, 2025

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Amazon is set to phase out its standalone Freevee streaming service in August as part of a broader effort to streamline its entertainment offerings under the Prime Video umbrella. Freevee, which originally launched in 2019 as an ad-supported platform under IMDb—acquired by Amazon in 1998—offered free TV shows, original content, and select titles from Prime […]

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Why Technology in Business is Essential for Thriving

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

September 1, 2025

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Tesla is pushing back against a $242.5 million jury verdict in a wrongful death and product liability case, asking a Florida court to either overturn the decision or grant a new trial. The case stems from a 2019 fatal accident in Key Largo, Florida, where George McGee crashed his Tesla Model S while using the […]

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Trump Vows Support for Elon Musk, Denies Plans to Cut Billions in Federal Subsidies

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

July 8, 2025

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Former White House trade advisor Peter Navarro has sharply criticized Apple CEO Tim Cook, accusing him of dragging his feet in reducing Apple’s manufacturing reliance on China. “Since the first Trump administration, Cook has repeatedly asked for more time to relocate Apple’s factories from China,” Navarro said during a recent interview. “It’s become Silicon Valley’s […]

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Apple Rebounds in China with First iPhone Sales Growth in Two Years

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 Cracks Down on Predators with New Teen Safety Tools After 600,000+ Suspicious Accounts Flagged

July 24, 2025

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Meta unveiled a new wave of safety features on Wednesday aimed at better protecting teenagers across its platforms. These updates include stronger direct messaging safeguards to combat exploitative content and new tools to help teens identify and report suspicious users. Now, younger users will see added context about the people they’re chatting with—such as the […]

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Meta Wipes Out 10 Million Fake Facebook Profiles in Major Anti-Spam Crackdown

Abu Dhabi Unveils K2 Think: A Low-Cost AI Model to Rival OpenAI and DeepSeek

September 10, 2025

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A new player has stepped into the global AI race — and it’s coming from the United Arab Emirates. The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) announced the launch of K2 Think, a cost-efficient reasoning model designed to compete with OpenAI and DeepSeek. Unlike massive systems such as DeepSeek’s R1 (671 billion parameters) […]

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