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

July 30, 2025

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 […]

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

Spotify Tumbles 11% as Growth Misses Expectations Despite User Surge

July 30, 2025

Oliver Bennett

Latest Business News & Market Updates

Spotify’s stock took a sharp 11% dive on Tuesday — marking its worst trading day since July 2023 — after the music-streaming giant missed analysts’ revenue forecasts and offered weaker-than-expected guidance for the upcoming quarter. The company posted a Q2 loss of €86 million, or €0.42 per share, falling short of market expectations which anticipated […]

Trump Meets Nvidia CEO After $4 Trillion Milestone Amid AI Chip Export Tensions

Cash App Launches ‘Pools’ with Apple Pay & Google Pay Support, Targets Next-Gen Social Payments

July 30, 2025

Oliver Bennett

Latest Business News & Market Updates

Cash App is making a major move in the peer-to-peer payment space with the introduction of a new feature called Pools, aimed at simplifying group payments. The launch marks the platform’s first major update to its P2P functionality in nearly two years and allows contributions from non-Cash App users via Apple Pay and Google Pay […]

Watsapp Rival?!!! Jack Dorsey Unveils ‘Bitchat’ — A Privacy-First, Offline Messaging App That Needs No Internet

Apple Launches Detroit Manufacturing Academy Amid U.S. Job Pressure and Global Expansion

July 30, 2025

Oliver Bennett

Latest Business News & Market Updates

Amid increasing calls from former President Donald Trump to bring more jobs back to American soil, Apple is rolling out a new manufacturing-focused initiative in downtown Detroit. The newly established Apple Manufacturing Academy—developed in partnership with Michigan State University—is set to open this August and will offer hands-on training in manufacturing and artificial intelligence, targeting […]

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

LG Energy Inks Massive $4.3B Battery Deal with Mystery Partner—Tesla Tipped as Buyer

July 30, 2025

Oliver Bennett

Latest Business News & Market Updates

LG Energy Solution, a South Korea-based battery manufacturer, announced on Wednesday that it has secured a massive $4.3 billion battery supply agreement with a major global company—though the buyer’s identity remains confidential for now. According to a regulatory filing on the Korea Exchange, the agreement took effect Tuesday and is set to run through July […]

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

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

July 30, 2025

Oliver Bennett

Latest Business News & Market Updates

Gold prices jumped over 1% on Monday, reaching their highest level in five weeks as both the U.S. dollar and Treasury yields declined. The rise comes amid growing uncertainty over a looming August 1 deadline for countries to finalize trade deals with Washington or face new tariffs. Spot gold climbed 1.3%, hitting $3,394.23 per ounce […]

Trump Meets Nvidia CEO After $4 Trillion Milestone Amid AI Chip Export Tensions

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

July 25, 2025

Oliver Bennett

Latest Business News & Market Updates

U.S. Commerce Secretary Howard Lutnick issued a stark warning on Thursday, stating that TikTok will be blocked in the United States unless its Chinese parent company, ByteDance, agrees to transfer control to American entities. “You can’t have something controlled by China living on 100 million American phones,” Lutnick said during an appearance on a financial […]

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

July 25, 2025

Oliver Bennett

Latest Business News & Market Updates

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 […]

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

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

July 25, 2025

Oliver Bennett

Latest Business News & Market Updates

Former President Donald Trump publicly refuted speculation that he intends to jeopardize Elon Musk’s business ventures by eliminating government subsidies. In a statement shared on Truth Social, Trump clarified, “Many are saying I plan to destroy Elon’s companies by ending his federal subsidies. That’s simply not true. I want Elon—and every U.S. business—to flourish more […]

Tesla’s New Lawsuit Barrier Sparks Backlash from New York State Officials

Intel Tops Revenue Estimates but Slashes Chip Factory Plans as CEO Declares: “No More Blank Checks”

July 25, 2025

Oliver Bennett

Latest Technology News & Updates

Intel delivered better-than-expected revenue results in the second quarter, but its stock dipped 5% in after-hours trading as CEO Lip-Bu Tan revealed deep cuts to the company’s chip manufacturing investments. The semiconductor giant reported $12.86 billion in revenue, surpassing the forecast of $11.92 billion. Adjusted earnings showed a loss of 10 cents per share. For […]

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