Federal Reserve signals victory over inflation with a large half-point rate cut.
On Wednesday, the Federal Reserve slashed its benchmark interest rate by an exceptionally significant half-point. This was a drastic departure from the more than two
Tanzania eyes a $42 billion LNG deal and 8,000 MW of power to boost industrialization.
Finance Minister Khamis Mussa Omar said that Tanzania anticipates finalizing agreements on significant investment projects in the upcoming months, including a $42 billion LNG development
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
U.S biggest lender JPMorgan Chase embarks on growth push across Africa.
In an effort by the largest U.S. lender to grow on the continent, CEO Jamie Dimon intends to visit Africa in mid-October. This will be
Intel in major reorganization separates foundry into subsidiary to produce custom AI chip for Amazon.
To revitalize its business, Intel said that its foundry unit will produce some unique artificial intelligence chips for Amazon Web Services. This news sent shares
Goldman Sachs says that hedge funds switching to financial sector stocks for long positions.
Hedge funds last week bought these corporate equities at the quickest rate since June 2023, putting banks, insurance, and trading firms back in demand, according
Mastercard acquires Recorded Future for $2.65b to strengthen its threat intelligence capabilities.
The payments business announced on Thursday that Mastercard, has reached an agreement to purchase threat intelligence company Recorded Future from private equity firm Insight Partners
Samsung and Xiaomi colluding with Flipkart and Amazon to breach antitrust laws. – Report.
In violation of antitrust regulations, Samsung, Xiaomi, and other smartphone manufacturers conspired with Amazon and Walmart to offer items exclusively on the e-commerce companies’ Indian
DSV to takeover Schenker in a $15.9b deal creating the biggest global logistics conglomerate.
In an agreement that would make it the largest logistics company in the world, Deutsche Bahn’s logistics division Schenker will be acquired by Denmark’s DSV
The U.S. government will raise $250b from the proposed minimum tax rule on large corporations.
The biggest American corporations would have to pay taxes equal to at least 15% of their income under a new regulation that the Biden administration
Adobe to join the growing market for AI-based video generation tools later this year
Adobe, a software company, announced on Wednesday that it will expand its product portfolio aimed at creative professionals by launching a new generative AI-powered video
Americans duped $5.6b last year in cryptocurrency fraud schemes. – FBI
In a report released on Monday, the FBI stated that fraudulent schemes employing bitcoin defrauded Americans of over $5.6 billion last year, a 45% increase
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