BUSINESS

Apple Unveils $500 Billion U.S. Investment to Bolster American Innovation

Apple Unveils $500 Billion U.S. Investment to Bolster American Innovation

Apple (AAPL) announced plans on Monday to invest over $500 billion in the U.S. over the next four years, reinforcing…

2 weeks ago

Nvidia’s AI Chip Demand Under Scrutiny Amid DeepSeek Disruption

Nvidia (NVDA) faces growing investor skepticism ahead of its earnings report on Wednesday, as concerns rise over whether high-priced AI…

2 weeks ago

Apple Plans Texas AI Server Factory, 20,000 Research Jobs

Apple (AAPL) announced plans to build a 250,000-square-foot factory in Texas by 2026 to manufacture artificial intelligence (AI) servers. Additionally,…

2 weeks ago

Alibaba to Invest $52 Billion in AI and Cloud Over Next Three Years

Alibaba Group (BABA) announced plans to invest more than $52 billion in artificial intelligence (AI) and cloud infrastructure over the…

2 weeks ago

Equitable to Increase AllianceBernstein Stake Using Funds from Reinsurance Deal

Equitable Holdings plans to boost its stake in money manager AllianceBernstein Holding (AB) after securing more than $2 billion in…

2 weeks ago

FlyDubai Reports Record $611 Million Profit in 2024

Dubai-based budget airline FlyDubai posted a record $611 million profit for 2024, driven by rising passenger numbers and lower fuel…

2 weeks ago

Corporate DEI Rollbacks Expand as Citigroup and PepsiCo Scale Back Initiatives

The corporate retreat from diversity, equity, and inclusion (DEI) programs gained momentum this week as Citigroup (C) and PepsiCo (PEP)…

2 weeks ago

Billionaire Hedge Fund Manager Bill Ackman to Move Management Company Out of Delaware

February 2, 2025 – Billionaire hedge fund manager Bill Ackman, CEO of Pershing Square Capital Management, announced on Saturday that he…

1 month ago