Investors are cheering early signals that Elon Musk’s SpaceX may head for an initial public offering next year, in what some market participants told Reuters could become the “craziest IPO in the history of the stock market.” The rocket and satellite company, long considered one of the world’s most valuable private firms, is exploring a…
Carl Erik Rinsch secured funding from the streaming company for a science-fiction series, “Conquest,” that was never completed. Source link
NEW DELHI: As it completes three decades of operations in India, Korean electronics giant Samsung has said that the company will shift gears and deepen its manufacturing, design, and innovation initiatives in the country.“The next decade will see more products built in India, designed in India, and innovated for the world,” the company said as…
A master of leveraged buyouts, he bought baseball and hockey teams in Texas and an English soccer club, only to lose them in an avalanche of debt. Source link
US applications for unemployment benefits rose sharply last week, although filings remain within the historically low range seen in recent years despite growing concerns over labour-market momentum.The Labor Department said on Thursday that jobless claims for the week ending December 6 increased by 44,000 to 236,000, up from 192,000 in the previous week and exceeding…
The Trump administration is threatening the Fed’s autonomy, which the central bank regained with the Treasury-Fed accord in 1951. Source link
The US trade deficit has unexpectedly narrowed to its smallest level since 2020 as President Donald Trump’s sweeping tariff hikes altered import behaviour, according to delayed Commerce Department data released on Thursday.The deficit fell 10.9% to $52.8 billion in September, even as exports rose 3% to $289.3 billion and imports edged up 0.6% to $342.1…
A tangle of problems at IndiGo, the dominant carrier, resulted in gridlocked airports across the country. Worse, it was the symptom of an even bigger problem. Source link
The rupee closed at a new all-time low of 90.32 against the US dollar on Thursday, sinking 38 paise, as uncertainty around the India-US trade deal and continued foreign fund outflows pressured the currency, PTI reported.The local unit opened at 89.95, weakened further through the session and hit a record intra-day low of 90.48, before…
The deal is a watershed for Hollywood, which has been trying to sort through the possible harms and upsides of generative artificial intelligence. Source link
