The passing of Manmohan Singh, India’s former Prime Minister, on a Thursday at the age of 92, marked a pivotal moment in the nation’s political and emotional landscape. On Sunday, his body was cremated with full state honors along the banks of the Yamuna River in New Delhi, an event that brought together leaders from
Services
Investors are facing significant challenges as they navigate a tumultuous economic landscape, characterized by shifting interest rates and international instability. Against this backdrop, Oppenheimer Asset Management urges a strategic focus on long-term opportunities, arguing that although current market conditions may seem precarious, they carry unique possibilities for discerning investors. In a recent analysis, the firm
Christmas Day 2023 became a hallmark moment for Netflix, as the streaming powerhouse achieved unprecedented viewership records for NFL games aired exclusively on its platform. According to Nielsen, approximately 65 million viewers in the U.S. tuned in to witness this festive sporting extravaganza, showcasing two notable matchups. The intense clash between the Baltimore Ravens and
Japan’s economic situation presents a complex picture as 2023 comes to a close, particularly in Tokyo, which often serves as a bellwether for national trends. Recent reports indicate that core inflation has risen sharply in the capital, with December figures showing a 2.4% increase from the previous year. This marks an acceleration from the 2.2%
On Tuesday morning, American Airlines faced a hiccup in its operations that temporarily grounded all U.S. flights, creating a ripple effect in the travel plans of countless passengers. This incident occurred amidst expectations of unprecedented passenger volume as the holiday season approached. Although the emergency stop was lifted by 7:55 a.m. ET, and the issue
The intersection of technology, economics, and geopolitics has never been more pronounced than in the contemporary landscape, particularly as the United States grapples with the implications of its relationship with China. Central to this dialogue are powerful figures such as Elon Musk, whose business decisions not only influence market dynamics but also shape national policy
As the U.S. government prepares for fiscal 2024, its projected expenditure stands at a staggering $6.8 trillion. This figure represents both the ambitions and the limitations of the federal budget as it balances essential programs with the looming threat of a substantial national deficit. Despite ongoing discussions regarding fiscal restraint and the necessity for cuts,
In the ever-evolving landscape of digital banking, few stories exemplify resilience and strategic turnaround quite like that of Dave, a fintech company led by CEO Jason Wilk. Once at the brink of collapse with shares plummeting to a low of $5 in June 2023, Dave’s journey from despair to remarkable growth not only reflects the
In a notable display of market acumen, Warren Buffett has taken advantage of recent declines in stock prices by significantly expanding Berkshire Hathaway’s holdings. Prior to the Christmas holiday, he made substantial investments in the energy sector, particularly Occidental Petroleum. Over a swift three-day span, he orchestrated the acquisition of approximately 8.9 million shares for
In a significant development, the U.S. Congress is poised to take decisive action regarding American investments in China, as part of broader legislative measures aimed at ensuring national security and economic resilience. Set to vote imminently, this bill not only aims to reinforce existing restrictions but also introduces new provisions designed to scrutinize investments in
In a significant development within the food delivery industry, Grubhub has agreed to pay $25 million to settle a lawsuit involving the Federal Trade Commission (FTC) and the Illinois Attorney General, Kwame Raoul. The lawsuit was a culmination of investigations that uncovered misleading practices affecting diners, delivery workers, and various restaurants. This case brings to
In a significant move towards global expansion, Waymo, a subsidiary of Alphabet Inc., recently announced its intent to test autonomous vehicles in Tokyo starting in early 2025. This ambitious venture marks the company’s inaugural foray into international markets, representing a critical milestone in its development of self-driving technology. While the company has yet to confirm
Fathom Events is poised to redefine its identity with an anticipated record-breaking gross revenue exceeding $145 million in 2024, a staggering 45% increase from the $100 million earned the previous year. This surge can be attributed not solely to their historical model of event and limited-time showings but also to an ambitious expansion into longer
In the fiercely competitive arena of satellite internet services, China is embarking on an ambitious journey to establish its own constellations that can rival the likes of Elon Musk’s SpaceX and other international players. SpaceX’s Starlink has set a formidable benchmark with its current fleet of nearly 7,000 operational satellites, catering to approximately 5 million