ByteDance Plans $23B AI Spending to Match US Rivals
📋 Key Facts ✓ ByteDance, TikTok's Chinese owner, plans a $23 billion AI spending initiative. ✓ The expenditure aims to build AI inf...
Dec 23Financial TimesTechnology
📋 Key Facts ✓ ByteDance, TikTok's Chinese owner, plans a $23 billion AI spending initiative. ✓ The expenditure aims to build AI inf...
The Community Bankers Council has asked the Senate for a crypto market structure bill that will ban exchanges and others offering interest on stablecoins....
Bitcoin mining electricity costs could fall if Venezuelan oil production increases, though it may take several years before the benefits are fully realized, Bitfinex analysts say....
Crenshaw’s exit leaves the SEC without Democratic representation as the agency and other US financial regulators face leadership gaps....
FT survey shows America’s dominance in areas such as technology is not expected to reverse soon...
📋 Key Facts ✓ The US wants to sell GM soya and corn to India. ✓ Indian farmers are wary of GM soya and corn. ✓ ...
Chinese rocket maker LandSpace aims to raise 7.5 billion yuan (US$1 billion) from an initial public offering (IPO) in Shanghai, after becoming the first home-grown aerospace firm to have its listing a...
Elon Musk stays on top as Nvidia’s Jensen Huang powers up the rankings on an AI-fuelled surge in fortunes...
Trump pledged to use proceeds from the sale of this oil "to benefit the people" of both countries. (Image credit: Evan Vucci)...
Macy's plans to close stores over several years. kena betancur / AFP via Getty Images Nearly 300 US retail stores, including Macy's and Kroger locations, are set to close by the end of 2026. Major cha...
Barnes & Noble is among the retailers reportedly opening more stores in 2026. Al Drago/Getty Images Retailers such as Dollar General and Nordstrom Rack plan major store expansions in the US in 2026. S...
As clean energy prices fall, a fast transition to renewable energy is the cheapest option on the table. Experts say it could save us trillions in energy costs alone....
📋 Key Facts ✓ US banks are rebuilding core financial infrastructure behind the scenes. ✓ The rebuild enables cash, custody, and funds t...
Toys R Us was one of the dominant toy retailers of the 1990s and early 2000s. Artur Widak/NurPhoto via Getty Images Toys R Us opened pop-up stores at some US malls this holiday season . The retailer h...
Proposed levies of up to 92% on imported Italian pasta slashed...
One very lucky lottery player from the US state of Arkansas hit the ultimate jackpot on Christmas Eve. Christmas will never be the same again!...
📋 Key Facts ✓ Digital asset funds saw $952 million in outflows last week ✓ Outflows triggered by US regulatory delays ✓...
📋 Key Facts ✓ High earners across the US are actively spending during the holiday season. ✓ Middle-income households are facing financi...
Industry figures argued that banks’ concerns are valid but exaggerated, urging the creation of comparable rules without stifling innovation....
Some investors reduce positions or buy protection for their portfolios amid concerns over valuations...