The European Commission, which serves as the executive branch of the European Union, announced on Friday that it has preliminarily found Meta and TikTok in breach of key transparency requirements set under the Digital Services Act (DSA) — the EU’s groundbreaking technology regulation. According to the Commission, the two U.S.-based tech giants failed to provide […]
1. Trump Pulls the Plug on Canada Trade Talks President Donald Trump announced late Thursday that the United States is halting trade negotiations with Canada after controversy erupted over an Ontario government ad featuring the voice of former President Ronald Reagan. The ad criticized tariffs and their impact on Americans, but the Ronald Reagan Presidential […]
Bank of America Global Research has sharply revised its gold outlook, forecasting the precious metal could climb to $5,000 per ounce by 2026, with an average of around $4,400 per ounce. The new projection marks one of the bank’s most bullish calls yet, driven by mounting demand for gold as a safe-haven and portfolio stabilizer. […]
Oracle Cloud Infrastructure announced plans on Tuesday to deploy 50,000 Advanced Micro Devices (AMD) graphics processors starting in the second half of 2026, signaling a major shift in the cloud AI race. Following the news, AMD shares rose about 2%, while Oracle fell 4% and Nvidia slipped more than 3%, reflecting investor reactions to growing […]
Xiaomi shares fell more than 5% on Monday, their steepest decline since April, after reports emerged of a fatal crash involving the company’s SU7 electric vehicle in Chengdu, China. The incident, which killed a 31-year-old male driver suspected of drunk driving, sparked a wave of safety concerns after video footage showed bystanders unsuccessfully trying to […]
Google will pour $15 billion into developing a massive artificial intelligence and data center hub in southern India, marking the company’s largest such investment outside the United States, according to Google Cloud CEO Thomas Kurian. The mega-project, set to unfold over the next five years, underscores India’s growing importance in the global cloud and AI […]
Oura announced Tuesday that it has secured over $900 million in a Series E funding round, pushing the Finnish wearable tech company’s valuation to an impressive $11 billion. The round was led by Fidelity Management & Research Company, with new investor ICONIQ joining alongside existing backers Whale Rock and Atreides. “With this funding, we’re accelerating […]
The U.S. stock market suffered its steepest drop in six months on Friday, with the S&P 500 sliding nearly 3% after former President Donald Trump threatened major new tariffs on Chinese goods over Beijing’s grip on the global rare earths market. China recently expanded its export controls on rare-earth elements, adding tungsten, tellurium, bismuth, indium, […]
In a rare and extraordinary move, the Dutch government has taken control of Nexperia, a Netherlands-based semiconductor company owned by China’s Wingtech Technology, to safeguard Europe’s access to critical chip supplies amid escalating global trade tensions. Nexperia is a key producer of high-volume semiconductors used across the automotive, consumer electronics, and industrial sectors, making it […]
Bitcoin plunged on Tuesday, cutting short its recent rally as fears of a renewed U.S.-China trade war rattled global markets and drove investors into traditional safe havens like gold. The sharp selloff followed President Donald Trump’s announcement of 100% tariffs on Chinese imports, a move that wiped out nearly $500 billion in total crypto market […]