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Musk’s xAI Lures Investors To $5-B Debt Deal
Elon Musk’s artificial intelligence (AI) startup xAI Corp. lured enough investors to its $5 billion debt deal by offering sweeter pricing.

By The Financial District
Jun 25, 20252 min read


Telegram Founder Leaves $14-B Fortune To His 100+ Children
Telegram founder Pavel Durov has revealed that the more than 100 children he’s fathered will inherit his fortune—including the six he’s officially acknowledged and at least 100 others born through his sperm bank donations.

By The Financial District
Jun 24, 20252 min read


Apple Executives Held Internal Talks About Buying Perplexity
Apple executives have held internal discussions about potentially bidding for artificial intelligence (AI) startup Perplexity.

By The Financial District
Jun 24, 20251 min read


Hundreds Of VOA Reporters Fired As Trump Shuts Down Agency
Hundreds of journalists for Voice of America (VOA)—most of its remaining staff—have been fired by President Donald Trump’s administration, effectively shutting down the U.S.-funded news outlet.

By The Financial District
Jun 24, 20251 min read


Trump Family Dumps 20% Of Stake In World Liberty Financial
The Trump family has reportedly reduced its stake in its flagship cryptocurrency venture, World Liberty Financial.

By The Financial District
Jun 24, 20251 min read


Texas Instruments To Spend $60 Billion On U.S. Chip Plants
Texas Instruments, known to many for the TI-83 graphing calculator, has announced that it plans to invest over $60 billion in semiconductor manufacturing facilities across the U.S.

By The Financial District
Jun 24, 20251 min read


Microsoft Prepares to Lay Off Thousands of Workers
Microsoft is reportedly planning to cut “thousands of jobs” next month as the AI revolution continues to reshape the business world—including Microsoft itself.

By The Financial District
Jun 24, 20251 min read


Google Suffers Setback In Bid To Overturn EU Antitrust Fine
Google has faced a major setback in its attempt to overturn a multibillion-euro European Union (EU) antitrust penalty involving Android, after a top court’s legal adviser sided with regulators.

By The Financial District
Jun 23, 20251 min read


Buss Family To Sell Controlling Stake Of Lakers To Mark Walter For $10-B: AP
The Buss family has agreed to sell the controlling stake in the Los Angeles Lakers to TWG Global CEO Mark Walter, in a deal that values the franchise at $10 billion.

By The Financial District
Jun 23, 20252 min read


Rheinmetall Partners With Anduril To Build Military Drones For Europe
German defense giant Rheinmetall and U.S.-based military tech company Anduril Industries announced a strategic partnership to design and manufacture drones and rocket motors for European markets.

By The Financial District
Jun 23, 20251 min read


SpaceX Starship Rocket Explodes On Launch Pad
A SpaceX rocket being tested in Texas has exploded, sending a dramatic fireball high into the sky.

By The Financial District
Jun 21, 20252 min read


Taiwan Seals Deal With US-German Firm For Combat-Tested Drone Software
Taiwan has signed a partnership with US- and Germany-based Auterion to use drone software that has been tested in the war in Ukraine, bolstering its defenses against mounting military threats from China.

By The Financial District
Jun 20, 20251 min read


Amazon To Invest $233 Million In India To Expand Operations, Improve Technology
Amazon will invest over 20 billion rupees ($233 million) in India in 2025 to expand and modernize its operational infrastructure, enhance fulfillment network technology, and improve delivery safety.

By The Financial District
Jun 20, 20251 min read


White House Investigates U.S. Contracts With SpaceX
The White House earlier this month ordered the Department of Defense and NASA to compile details on billions of dollars in contracts awarded to SpaceX.

By The Financial District
Jun 20, 20251 min read


Trump To Extend U.S. TikTok Ban Deadline, White House Says
TikTok will remain available in the U.S. for at least another three months, as President Donald Trump is set to extend the sale-or-ban deadline for the third time since taking office this year.

By The Financial District
Jun 19, 20252 min read


Hollywood Battles AI Industry Over Plagiarism
It was only a matter of time before Hollywood took the fight to the artificial intelligence (AI) industry over its alleged abuse of intellectual property.

By The Financial District
Jun 19, 20252 min read


Taiwan Adds China's Huawei, SMIC To Export Control List
Taiwan has added Chinese tech giants Huawei Technologies and Semiconductor Manufacturing International Corp. (SMIC) to its export control list.

By The Financial District
Jun 19, 20251 min read


OpenAI Distanced Itself From Scale AI Before Meta Acquired 49% Stake
Meta’s purchase of a 49% stake in Scale AI for $15 billion has sparked concern across the AI ecosystem, especially among former clients like OpenAI.

By The Financial District
Jun 19, 20251 min read


Billionaire Condo Mogul Plans To Outmaneuver Trump’s Tariffs And Immigration Crackdown
Jorge Pérez, the 75-year-old billionaire behind South Florida’s luxury condo boom, is confronting headwinds from former friend President Donald Trump’s economic policies.

By The Financial District
Jun 19, 20251 min read


BCDA’s Revenues Triple To PHP22.1B In 2024 From PHP7.3B In 2023
The Bases Conversion and Development Authority (BCDA) reported an impressive financial performance in 2024, generating total gross revenues of PHP22.1 billion—three times higher than the PHP7.3 billion recorded in 2023.

By The Financial District
Jun 18, 20252 min read


JetZero To Build $4.7-Billion Aircraft Plant In North Carolina, Hire 14,500
JetZero Inc. has announced plans to build a $4.7-billion manufacturing plant in Greensboro, North Carolina, to produce its next-generation Z4 aircraft.

By The Financial District
Jun 18, 20251 min read


Thai Airways Gets Court Approval To Exit Bankruptcy
Thai Airways has received court approval to exit its business rehabilitation process, paving the way for a return to trading on the Stock Exchange of Thailand.

By The Financial District
Jun 18, 20251 min read


Chime’s IPO On Nasdaq Soars 37%, Bringing Valuation To $16 Billion
Digital bank Chime’s stock surged in its Nasdaq debut, rising 37% and pushing its valuation to $16 billion.

By The Financial District
Jun 18, 20251 min read


Airbus Bags Jet Orders As Franco-Israeli Dispute Rocks Air Show
Airbus secured multibillion-dollar aircraft orders from Saudi Arabia and Poland on the opening day of the Paris Air Show.

By The Financial District
Jun 17, 20251 min read
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