BlackRock’s AI infrastructure partnership launches new ETF
BlackRock is recalibrating its AI investments, shifting focus from core tech builders to the essential infrastructure powering AI’s expansion, including new…
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india’s wealthy heirs pivot to professional asset management
A significant Indian wealth transfer is underway as next-gen heirs pivot from family businesses to professional wealth management, signaling a major shift in…
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US, China Still Divided on Trade Truce Extension
U.S. Trade Representative Jamieson Greer discusses the ongoing divisions between the US and China over a trade truce extension, with a three-to-six-month ext…
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US to issue trillion short-term debt amid high costs
Wall Street banks expect the US to issue about $1 trillion in short-term debt over the next year as long-term borrowing costs reach their highest levels sinc…
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IKEA AI reimagines workforce with reskilled roles
IKEA, through Ingka Group, deployed an AI chatbot to cut costs but opted to retrain 8,500 employees, transforming their roles rather than laying them off.
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Europe power surge returns amid geopolitical concerns
Europe faces its biggest winter power surge since the energy crisis, driven by high natural gas prices and geopolitical tensions, impacting businesses and ho…
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Nscale Limited files for $35bn Nscale US listing
British data centre group Nscale Limited has filed for a major US listing on the NYSE, targeting a valuation of up to $35 billion to fund its rapid expansion…
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Warren Buffett steps down as Berkshire Hathaway chairman
Warren Buffett, 96, has stepped down as Chairman of Berkshire Hathaway, ending a six-decade tenure. His son, Howard Buffett, takes over as chairman.
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Alex Karp suggests nationalizing AI labs to avoid lawsuits
Palantir CEO Alex Karp has proposed AI lab nationalization, arguing it may be necessary to shield firms from ‘unlimited risks’ and massive liability lawsuits…
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Kevin Warsh’s rate hike re-ignites Donald Trump’s Fed independence fight
Federal Reserve Chairman Kevin Warsh’s recent interest rate hike has reignited the long-standing Fed independence fight with President Donald Trump.
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Intel Stock Price Surges on Memory Chip Hopes
Intel’s stock price jumped over 4% after reports of talks with SK Hynix for memory chip production in the US. Investors see this as a key step in Intel’s tur…
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Elon Musk proposes rival AI safety tests with Chinese firms
Elon Musk proposes a peer-review safety system for AI, urging top labs like OpenAI, Google, and Chinese firms to test each other’s models before release.
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US manufacturers grapple with renewed supply chain cost inflation surge
US manufacturers are experiencing a renewed surge in supply chain cost inflation, driven by escalating raw material, energy, and freight expenses, since a si…
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Oil price and Treasury yield correlation hits
The correlation between oil and Treasury yields has hit a seven-year high of 0.96, a dangerous sign for markets as it signals rising inflation and borrowing…
