Trump Introduces Department Of Government Efficiency
The newly elected president of the United States of America, Donald Trump, announced his cabinet and also introduced a new department—a department he deems has the potential to be called the “ Manhattan Project of our time.” The newly minted department will be called the Department of Government Efficiency (DOGE). It will be led by…
John David
Ex-Army Colonel Takes Centre Stage in Trump’s Security Squad
Trump recently announced the appointment of USA’s new national security officer, Mike Waltz, an ex-US Army colonel who currently serves as the co-chair of the Indian caucus. Waltz, 50, is a congressman from Florida and has also served as a Green Beret, an elite arm of the US Army Special Forces. More importantly, Waltz has…
Bitcoins Touches the $81000 Market to Hit All-Time High
Spirits are high amongst traders after the lop-sided victory of the republican candidate, Donald Trump, in the 2024 US Presidential elections. This was evident by the fact that Bitcoin surged to an all-time high as traders believed that Donald Trump’s return to the White House would affect the cryptocurrency market for good. The biggest cryptocurrency…
Freshworks Makes Big Announcement Regarding Job Cuts
The first Indian SaaS company to be listed on Nasdaq, Fireworks, has just witnessed a 28% surge in its share price after reporting upbeat results for the third quarter. Moreover, the company initiated a share buyback of around $400 million. However, even after getting good financial results, the company announced that it would be laying…
Real-Time Payments- Transforming The Financial Gateway
Real-Time Payments are not just an upgrade; they are a paradigm shift from the traditional payment system. Individuals and businesses are in a constant search for seamless and real-time transaction methods. So, with the advancement in technologies, the USA and other global initiatives have come up with many RTP payment methods that help users transfer…
Trump Presidency Brings Stock Market to New Heights
The results of the 2024 Presidential elections came out, and Trump won with a substantial vote share over Democratic candidate Kamala Harris. Since the results, the U.S. stock market has surged and reached all-time high records. Not just U.S. markets but markets around the world also saw a surge. Moreover, after the results, Bitcoin shot…
Nvidia Surpasses Apple to Become World’s Most Valuable
Nvidia, the AI chip and GPU maker, has once again surpassed Apple to become the most valuable company on the planet. During Tuesday’s trading, Nvidia surpassed Apple in market cap to claim the top step. Nvidia shares saw a noteworthy surge Tuesday as its share rose by 3% to $139.91, taking its market cap to…
OpenAI in Talks With California To Become For-Profit
The Sam Altman-led AI research organization, OpenAI, is in the early phase of talks with California’s Attorney General’s office to change its corporate structure from a non-profit to a for-profit organization, Bloomberg News reported Monday after discussing the matter with two individuals familiar with it. This will mark a big shift in the corporate and…
Jeff Bezos Just Made a Fortune Selling Amazon Shares
Jeff Bezos, the founder of Amazon, sold 16 million of his shares in the company after the share price reached an all-time high of $200 per share. This recent increase of 7% in the share price of Amazon’s share, followed by the better-than-expected third-quarter earnings report, added $42.8 billion to Bezos’s net worth, making his…
Curbs on Chinese Investment Finalized by Biden Admin
The Biden administration has finalized restrictions on US individuals’ investment in Chinese businesses. US individuals are now prohibited from investing in companies with advanced technology in China, including semiconductors, quantum computing, and artificial intelligence. The new rule, which came after a long deliberation of more than a year, banned investments in some Chinese companies while…