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Spirit Airlines is cutting its November schedule by 25%, suspending approximately 40 routes, as part of a cost-reduction strategy amid its Chapter 11 bankruptcy filing. This move follows plans to furlough about 1,800 fli…
Donald Trump's administration is significantly tightening restrictions on international students and foreign workers, particularly through H-1B visas. While initially framed against illegal immigration, these policies no…
The U.S. government is finalizing a deal to acquire a small equity stake in Lithium Americas, a company developing a major lithium mine in Nevada. This move, part of a restructured federal loan, aims to secure domestic s…
Amazon will issue refunds to millions of Prime members as part of a $2.5 billion Federal Trade Commission settlement. The FTC alleges Amazon used "subscription traps" to trick customers into signing up for Prime and made…
A US-China deal for TikTok's American operations grants ByteDance approximately 50% of US profits, despite US shareholders owning the majority of the new joint venture. Valued at $14 billion, the deal allows ByteDance to…
Apple has filed a motion to dismiss a class-action lawsuit alleging false marketing regarding delayed Siri features. Plaintiffs claim they overpaid for iPhones due to the unfulfilled promises. Apple's lawyers argue the d…
The Abu Dhabi royal family, through MGX, will acquire a 15% stake in TikTok's US business for $14 billion. This deal, brokered by Donald Trump's executive order, aims to ensure US control and data privacy. Oracle and Sil…
A 25-year-old software engineer from Taiwan, Wen-Hsing Huang, shares her evolving perspective on the "American Dream." Initially aiming for a high-paying tech career in the US, she grew concerned about visa uncertainties…
U.S. President Donald Trump's announcement of substantial tariffs on pharmaceutical products, effective October 1, has triggered a significant downturn in Asian pharmaceutical stocks. Companies in Japan, South Korea, and…
Meta is constructing a massive $10 billion data center in Louisiana, requiring significant new power infrastructure. Concerns exist regarding the lack of transparency on Meta's financial contribution to the $3 billion el…
HSBC announced that quantum computing, tested using IBM's tool on European corporate bond data, improved order fulfillment prediction by 34% compared to traditional methods. While based on historical data, the findings s…
US stock indexes experienced a slight dip on Wednesday, with the S&P 500, Dow Jones, and Nasdaq all falling slightly. This marks a pause in the recent rally fueled by optimism about trade and potential Federal Reserve in…
Lithium Americas stock surged over 100% after the Trump administration proposed taking an equity stake in the Canadian mining company. This comes as the company renegotiates a $2.2 billion loan from the Department of Ene…
Ford is offering special financing on its F-150 pickup trucks to boost sales before the end of the third quarter. This includes lower interest rates for consumers with subprime credit scores (below 620), aiming to increa…
European shares fell slightly Wednesday morning, despite a boost to defense stocks following President Trump's comments on Ukraine. The Stoxx 600 index dropped 0.3%, while defense stocks like Saab and Hensoldt rose. Trum…
A new UK government AI tool has recovered nearly £500 million in fraudulent funds, including £186 million related to Covid-19 pandemic schemes. The tool, the Fraud Risk Assessment Accelerator, identifies fraudulent activ…
Eli Lilly announced a $6.5 billion investment in a new Houston manufacturing facility to boost production of its drug pipeline, including its experimental obesity pill, orforglipron. This is the second of four planned US…
US tariffs on Indian shrimp imports, initially 25% and later doubled to 50%, have devastated India's shrimp industry. This has led to massive job losses, particularly affecting women working in processing plants who earn…
Morgan Stanley plans to offer retail crypto trading through E-Trade by the first half of 2026. The firm, partnering with Zerohash, will initially offer Bitcoin, Ether, and Solana trading. This move follows earlier offeri…
Crypto infrastructure firm Zerohash secured $104 million in Series D funding, achieving a $1 billion valuation. The round was led by Interactive Brokers, with participation from Morgan Stanley, SoFi, and Apollo. Zerohash…
Jaguar Land Rover (JLR), Britain's largest automaker, announced a production halt extension until at least October 1st, following an August cyberattack. The shutdown, affecting over 30,000 JLR employees and impacting the…
New H-1B visa changes causing confusion in Silicon Valley, but Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman express optimism. The $100,000 fee addition, part of a recent executive order, is viewed by some as a way t…
Spirit Airlines plans to furlough approximately 1,800 flight attendants, about one-third of its cabin crew, due to financial struggles and its second bankruptcy within a year. The airline's COO cited the need to cut cost…
OpenAI, the creator of ChatGPT, is securing up to $100 billion in investment from Nvidia. This funding will significantly expand OpenAI's data center infrastructure, powering ChatGPT's 700 million weekly users and requir…
The price of video game consoles is steadily increasing, bucking the historical trend of decreasing prices over time. Microsoft recently raised the price of its Xbox Series X and S consoles, following similar price hikes…