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Four of the Magnificent Seven (Mag 7) tech giants are still on track to meet their massive artificial intelligence (AI) spending targets this year, according to their earnings report. The companies that have reported quarterly earnings post-market on Wednesday are Microsoft (MSFT), Alphabet (GOOG), Meta (META) and Amazon (AMZ), with a combined market cap of…
PM Modi talks with Saudi Crown Prince amid West Asia Conflict, discusses need to keep shipping lines open NEW DELHI: PM Narendra Modi has spoken to Saudi crown prince and PM Mohammed bin Salman and reiterated India’s concern about freedom of navigation as the Iran-aligned Houthis entered the theatre of war in West Asia by…
China posted an unprecedented $1 trillion trade surplus in the first 11 months of the year, brushing aside steep tariffs imposed by US President Donald Trump and highlighting deep global appetite for low-cost Chinese goods. The record surplus comes a year after Chinese manufacturers rushed to ship goods abroad after Trump’s election victory, in predicting…
Billionaire investor Ron Baron isn’t flinching during the latest tech selloff, and he’s certainly not touching his own Tesla shares, he said. The longtime growth investor said he sees the pullback as a chance to spot bargains, even as volatility has rattled the biggest names in tech recently. “Not very much,” Baron said Friday on…
Digital asset venture capital company Animoca Brands has won regulatory approval in Dubai. Animoca has been granted a Virtual Asset Service Provider (VASP) license from the Emirate’s regulatory authority for the digital asset industry, the firm announced via email on Monday. The Hong Kong-headquartered company, which won in-principle approval as a regulated fund manager in…
Bitcoin Cash (BCH) has become the “best performing” for Layer-1 asset this year, climbing nearly 40% and outperforming every major blockchain network. According to new data shared by analyst Crypto Koryo, Bitcoin Cash (BCH) has outpaced BNB (BNB), Hyperliquid (HYPE), Tron (TRX) and XRP (XRP), which saw only modest gains. Most other L1s, including Ethereum…
NEW DELHI: Congress leader TS Singh Deo on Sunday defended Digvijaya Singh‘s remarks on the RSS‘s organisational strength, stating that Singh intended to highlight areas for improvement within the Congress party, not to imitate the RSS.Speaking with ANI, Deo emphasised that organisational strengthening is a continuous process and that the Congress should focus on its…
Americans are being advised to monitor their bank accounts as landlord subsidy payments of up to $1,500 under the Section 8 rental assistance programme begin to roll out, following delays triggered by the recent federal government shutdown, according to an ET report. The payments, formally known as Housing Assistance Payments, support low-income households, seniors and…
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