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Google Beats Estimates, But AI Spending Is Rising
Google-parent Alphabet exceeded second-quarter earnings expectations thanks to strong performance in cloud computing and its search business, but the tech giant’s spending on artificial intelligence (AI) is soaring.

By The Financial District
Jul 27, 20251 min read


OpenAI’s $3-B Deal With AI Coding Startup Windsurf Collapses
Google has struck a licensing deal with AI coding startup Windsurf, effectively ending OpenAI’s $3 billion acquisition bid after the exclusivity period on the offer expired.

By The Financial District
Jul 27, 20251 min read


Trump Tax Bill Slaps $250 Fee On Visitors To U.S.
A new provision in the “One Big Beautiful Bill Act” will require all nonimmigrant visa applicants—tourists, business travelers, and international students among them—to pay a “visa integrity fee” currently set at $250.

By The Financial District
Jul 25, 20251 min read


Opendoor Joins Meme Stock Ranks As Short Sellers Circle
Opendoor Technologies has become the market’s newest meme stock, more than doubling in a matter of hours despite its struggling, real estate–dependent business.

By The Financial District
Jul 25, 20251 min read


Chevron To Proceed With Hess Deal After Winning Exxon Case
Chevron and Hess have won their arbitration battle against Exxon over access rights to an oil project off the coast of Guyana, clearing the path for Chevron to proceed with its $53 billion acquisition of Hess.

By The Financial District
Jul 25, 20251 min read


SpaceX Invests $2 Billion In Sister Company xAI
SpaceX has agreed to invest $2 billion in xAI, the artificial intelligence startup founded by Elon Musk.

By The Financial District
Jul 25, 20251 min read


Coca-Cola Reports Weakening Global Sales Volumes In Q2
Coca-Cola beat earnings expectations in the second quarter of 2025 as higher prices helped offset weaker global sales.

By The Financial District
Jul 25, 20251 min read


Manuel V. Pangilinan’s MPAV Bets Big on Coconuts, Acquires Franklin Baker
Metro Pacific Agro Ventures (MPAV), the agribusiness unit of Metro Pacific Investments Corporation (MPIC), has acquired the Franklin Baker Group of Companies.

By The Financial District
Jul 25, 20252 min read


Aboitiz Renewables Secures Final Grid Approval For Largest Solar Facility in Visayas
Aboitiz Renewables, Inc. (ARI), the renewable energy subsidiary of Aboitiz Power Corporation, has secured the final regulatory approval needed to connect its Calatrava Solar Power Plant to the national grid.

By The Financial District
Jul 24, 20252 min read


Google, Tesla, And Mag 7 Fortunes Diverge Despite AI Boom
Any dream of a Beatles reunion ended years ago. Like the Fab Four, the Magnificent Seven group of big technology stocks are now going their separate ways.

By The Financial District
Jul 24, 20252 min read


CBS Slammed For Axing Stephen Colbert’s Late-Night Show
CBS’ decision to end The Late Show in 2026 has shocked Hollywood and loyal viewers alike.

By The Financial District
Jul 24, 20252 min read


Tech Companies Expected To Post Strong Earnings This Week
Earnings season continues with reports from several tech giants, including Alphabet—one of the "Magnificent Seven"—along with IBM and Intel, as the artificial intelligence arms race intensifies.

By The Financial District
Jul 24, 20251 min read
![[UPDATED] Meralco's Storm Response Earns Praise](https://static.wixstatic.com/media/1c4fd3_9aae10926b9e49989073875396059bb8~mv2.png/v1/fill/w_333,h_250,fp_0.50_0.50,q_35,blur_30,enc_avif,quality_auto/1c4fd3_9aae10926b9e49989073875396059bb8~mv2.webp)
![[UPDATED] Meralco's Storm Response Earns Praise](https://static.wixstatic.com/media/1c4fd3_9aae10926b9e49989073875396059bb8~mv2.png/v1/fill/w_514,h_386,fp_0.50_0.50,q_95,enc_avif,quality_auto/1c4fd3_9aae10926b9e49989073875396059bb8~mv2.webp)
[UPDATED] Meralco's Storm Response Earns Praise
The Manila Electric Company (Meralco) has emerged as a reassuring force amid the severe weather systems that continue to lash Luzon, mobilizing its workforce round-the-clock to restore power to thousands of homes and businesses affected by Typhoon Crising.

By The Financial District
Jul 23, 20253 min read


Meta Investors Settle $8-B Lawsuit With Zuckerberg Over Facebook Privacy
Mark Zuckerberg has agreed to settle a multibillion-dollar lawsuit with a group of shareholders over how Meta executives and directors handled repeated privacy violations by Facebook.

By The Financial District
Jul 23, 20251 min read


Billionaire Lists £250-M Mansion After Declaring "UK’s Gone To Hell"
A billionaire shipping tycoon who declared that the UK had “gone to hell” has put his £250-million London mansion up for sale after fleeing Britain.

By The Financial District
Jul 23, 20252 min read


NHTSA Ends Engine Failure Probe Into 454,840 Nissan Vehicles
The National Highway Traffic Safety Administration (NHTSA) has announced it is closing its preliminary investigation into engine failures in 454,840 Nissan vehicles, following the automaker’s recall issued in June.

By The Financial District
Jul 22, 20251 min read


TSMC Beats Forecasts To Post Record Quarterly Profit Of $13.5-B
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s leading producer of advanced AI chips, posted a record second-quarter profit with forecast-beating growth of 60%, citing surging demand for artificial intelligence.

By The Financial District
Jul 22, 20251 min read


Zuckerberg Pouring Billions Into Plans For "Personal Superintelligence"
Meta CEO Mark Zuckerberg is investing billions into the company’s AI ambitions, with the goal of developing so-called superintelligence—AI that can surpass human cognitive abilities.

By The Financial District
Jul 22, 20251 min read


Netflix Earnings On Deck As Investors Weigh Valuation, Content Strength
Netflix is set to report second-quarter earnings.

By The Financial District
Jul 22, 20251 min read


Broadcom Launches New Tomahawk Ultra Networking Chip
Broadcom has unveiled a new networking processor aimed at accelerating artificial intelligence (AI) data processing, which requires linking together hundreds of chips that must operate in close coordination.

By The Financial District
Jul 22, 20251 min read


From Ballers to Billionaires
Basketball may have been the launchpad, but for the NBA’s most financially successful players, the real game began after the final buzzer.

By The Financial District
Jul 21, 20254 min read


PHINMA Invests ₱300 Million In Bacolod City Township
Listed firm PHINMA Corporation has infused additional capital into its first-ever township project in Bacolod City, reflecting strong confidence in the project's performance and potential.

By The Financial District
Jul 21, 20252 min read


Chinese EV Brands Zeekr, Neta Inflated Sales Using Insurance Scheme
Chinese electric vehicle (EV) brands Neta and Zeekr artificially inflated their sales figures in recent years to meet aggressive targets, according to internal documents and interviews with car dealers and buyers.

By The Financial District
Jul 21, 20251 min read


Big U.S. Corporations Acknowledge AI Risks In Legal Filings
While many of America’s largest corporations promote the productivity and innovation unlocked by artificial intelligence (AI), they are also quietly flagging AI as a risk in their legal and financial disclosures.

By The Financial District
Jul 21, 20251 min read
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