Royal Challengers Bengaluru, one of the most-loved cricket teams in the Indian Premier League (IPL), has a new owner. In a landmark transaction that values the IPL franchise at $1.78 billion, RCB was sold to a consortium led by the Aditya Birla Group, and include sports investor David Blitzer and private equity firm Blackstone. The […]
OpenAI is closing down its video generation platform Sora just months after its launch, marking a sharp shift in priorities at the company behind ChatGPT. The move comes as OpenAI pivots away from consumer-facing video tools and towards longer-term bets such as robotics and enterprise-focused artificial intelligence. The decision was communicated internally by CEO Sam […]
Geopolitical volatility has redrawn the map of global energy in recent weeks, as prolonged conflict between the US and Iran sent shockwaves through the liquefied natural gas (LNG) sector. With Qatar’s export capacity crippled by recent attacks, Goldman Sachs warns market disruptions could persist through 2027. Still, the bank sees a “tighter balance” ahead, projecting […]
The KOSPI Composite Index jumped by over 1.7% on Wednesday as global stocks continued their recovery amid optimism that the Iran war will end soon. It jumped to KRW 5,653, up modestly from the weekend low of KRW 5,400. Will these gains continue? South Korean stocks jump amid war optimism The KOSPI Composite Index, which […]
Japan stocks rebounded on Wednesday, joining other global equities. The Nikkei 225 Index jumped by 2.6%, up by 5.5% from its lowest level this week. So, will these gains continue? Nikkei 225 Index rally faces major risk The Nikkei Index jumped, mirroring the performance of American futures, with those tied to the Dow Jones and […]
House Republicans are rejecting the prospect of accepting a Senate housing package in exchange for the upper chamber including a slate of community bank deregulatory bills in pending cryptocurrency legislation, dashing hopes that the trade could resolve a housing bill standoff between the two bodies. “So our good stuff for their bad stuff — not […]
Jeffrey Epstein’s lawyer Darren Indyke and accountant Richard Kahn told House lawmakers they were never interviewed as part of formal federal investigations into their late client’s sex crimes, according to videos of their depositions released Tuesday. Their claims underscore the enormous gaps in the Justice Department’s efforts to hold Epstein and his inner circle accountable […]
On Tuesday, Bitcoin saw a pullback while crypto-related stocks saw a decline. Arm announced a move to in-house AI chip production while Jamie Dimon warned about AI-driven job losses in the US. Bitcoin slips amid risk-off sentiment Bitcoin drifted lower on Tuesday, slipping back toward the $69,000 level as broader weakness in equities spilled over […]
US equities pulled back on Tuesday, giving up part of the previous session’s gains as rising oil prices and uncertainty around the ongoing Iran conflict weighed on investor sentiment. Markets struggled to find direction amid conflicting signals on diplomacy and escalating geopolitical risks, while higher Treasury yields added further pressure. The S&P 500 fell 0.37% […]
TALLAHASSEE, Florida — Sen. Rick Scott is suing a major government contractor for damages after his tax returns were leaked along with other prominent and wealthy figures, including President Donald Trump. The Florida Republican on Monday filed a lawsuit against Booz Allen Hamilton, a management and technology consulting company, and a former employee of the […]