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New Japan Law Regulates Control of Google, Apple Over App Stores
Dec. 18 will mark the enforcement of a new law aimed at curtailing the dominance of major technology companies and fostering competition in Japan’s technology services market.

By The Financial District
2 hours ago1 min read


Prada to Launch $930 "Made in India" Sandals After Backlash
Prada will make a limited-edition collection of sandals in India inspired by the country’s traditional footwear, selling each pair at around 800 euros ($930).

By The Financial District
2 hours ago1 min read


SpaceX Trading Debut Will Be "Craziest IPO" Ever, Investors Claim
Investors welcomed reports that SpaceX is mulling a potential initial public offering that would help fund Elon Musk’s Mars ambitions and value the rocket and satellite company at more than $1 trillion.

By The Financial District
2 hours ago1 min read


Microsoft AI Boss Calls Musk a "Bulldozer" Who "Bends Reality to His Will"
Microsoft AI CEO Mustafa Suleyman has described OpenAI’s Sam Altman as “courageous,” noting that OpenAI is aggressively building out a fleet of AI data centers to handle the massive amount of computing power needed to run ChatGPT.

By The Financial District
2 hours ago1 min read


Cursor’s AI Help Desk Handles 80% of Internal Support Tickets
AI coding assistant startup Cursor is not only using artificial intelligence to help developers write code — it is also deploying AI extensively across its own internal operations.

By The Financial District
3 hours ago1 min read


Google Cloud CEO Lays Out Three-Part Plan to Meet AI Energy Demand
The immense electricity needs of artificial intelligence computing were flagged early as a major bottleneck, prompting Alphabet’s Google Cloud to plan how to source and use energy more efficiently.

By The Financial District
3 hours ago1 min read


EU Probes Google Over Alleged Abuse of its AI Dominance
Google has been hit with a European Union (EU) probe over suspicions that the US tech giant is abusing its market power in its rollout of artificial intelligence (AI).

By The Financial District
21 hours ago1 min read


CVS Forecasts 2026 Profit Above Wall Street Estimates
CVS Health has forecast 2026 profit above Wall Street expectations and higher than its projected earnings for this year, signaling steady progress in the healthcare conglomerate’s turnaround plan.

By The Financial District
21 hours ago1 min read


IBM Catches Market Unawares with $11-B Confluent Acquisition
IBM shares recently rose 0.5%, adding to the company’s 41% year-to-date stock gain, after the consulting and technology provider announced plans to acquire real-time data-streaming platform Confluent.

By The Financial District
1 day ago1 min read


Amazon Robotaxi Service Zoox to Start Charging for Rides in 2026
Amazon’s self-driving robotaxi subsidiary, Zoox, expects to start charging passengers for rides in Las Vegas in early 2026, with paid rides in the San Francisco Bay Area coming later next year.

By The Financial District
1 day ago1 min read


EssilorLuxottica: Meta’s Stake in Ray-Ban Maker ‘At Least 3%’
Meta Platforms Inc., the parent company of Facebook, holds at least a 3% stake in EssilorLuxottica.

By The Financial District
1 day ago1 min read


After Huang’s Donation, Trump Okays Nvidia H200 Chip Sales to China
President Donald Trump said he will greenlight the sale of Nvidia’s more powerful H200 chips to China.

By The Financial District
2 days ago1 min read


Beijing Court: Malaysia Airlines Must Pay Damages to Kin of MH370 Victims
A Beijing court has ruled that Malaysia Airlines must pay 2.9 million yuan ($410,000) each to the families of eight passengers who went missing in the disappearance of Flight 370 more than a decade ago.

By The Financial District
2 days ago1 min read


Saudis, Qataris, and UAE Back Kushner, Zucker in Hostile Warner Bros. Bid
David Ellison has launched a $108.4-billion hostile bid for Warner Bros. Discovery — $18 billion more in cash than Netflix’s deal — backed by Jared Kushner’s Affinity Partners, with funding from Saudi, Qatari, and UAE sovereign wealth funds.

By The Financial District
2 days ago1 min read


Correcting the Pitch on Nationstar
Nationstar Development Corporation is one of several contractors participating in the Davao City Bypass Road Project, a multi-component infrastructure undertaking that includes major tunneling works and is being implemented through a consortium structure due to its size, complexity and cost.

By Lito U. Gagni
2 days ago3 min read


Max Verstappen Tops F1 Drivers in Salary Race with $76-M
Lando Norris may have won the Formula 1 drivers’ championship on Sunday, but the 26-year-old Englishman finished just third in F1’s financial race, with an estimated $57.5 million in total on-track compensation this season.

By The Financial District
2 days ago1 min read


OpenAI Goes From Stock Market Savior to Burden as AI Risks Mount
Wall Street’s sentiment toward companies associated with artificial intelligence (AI) is shifting — and it’s all about two companies: OpenAI is down, and Alphabet Inc. is up.

By The Financial District
2 days ago2 min read


SpaceX to Offer Insider Shares at Record-Setting Valuation
SpaceX is preparing to sell insider shares in a transaction that would value Elon Musk’s rocket and satellite maker at a level higher than OpenAI’s record-setting $500 billion.

By The Financial District
2 days ago1 min read


Netflix’s $72-B Deal for Warner Bros. Discovery Stuns Wall St.
Netflix’s $72 billion agreement to acquire Warner Bros.’ studio and streaming assets has set off a high-stakes debate about whether regulators will allow the world’s largest streamer to get even bigger.

By The Financial District
2 days ago2 min read


Elon Musk’s X Fined €120 Million by EU in First Clash Under New Digital Laws
Elon Musk’s social media platform, X, has been fined €120 million (£105 million) after it was found in breach of new EU digital laws.

By The Financial District
2 days ago1 min read


U.S. Steel to Resume Production at Illinois Plant Shut 2 Years Ago
U.S. Steel said it will resume producing steel slabs at its Granite City Works plant in Illinois as demand rebounds.

By The Financial District
4 days ago1 min read


PAGCOR Chief Refutes Conflict-of-Interest Claims vs. Family’s Construction Firm
Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro Tengco has refuted allegations of conflict of interest linked to government contracts awarded to his family’s construction firm.

By The Financial District
4 days ago2 min read


Costco Sues Trump, Demands "Full Refund" of Tariffs
Multinational retail giant Costco has sued the U.S. government seeking a full refund of import duties if the Supreme Court rules that President Donald Trump lacked the authority to impose tariffs without congressional approval.

By The Financial District
5 days ago2 min read


SoftBank's Arm Plans to Set Up South Korea Chip Training Facility
South Korea's industry ministry and SoftBank’s chip unit, Arm Holdings, have signed an agreement to strengthen the country’s semiconductor and artificial intelligence sectors.

By The Financial District
5 days ago1 min read
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