THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Donald Trump, a candidate for the presidency of the United States, has implied that Iran had hacked his campaign. Late on Saturday night, the campaign team for the Republican nominee published a statement in which they claimed that the Iranian government had stolen and leaked crucial internal data they had obtained. Following the publication of...  Read more

Cisco According to those in the know, the American networking equipment manufacturer will lay off thousands of workers again this year as it prioritizes investments in cybersecurity and artificial intelligence, two areas with faster growth rates. According to the anonymous sources, the number of affected individuals might be comparable to, or somewhat greater than, the...  Read more

As retailers prepare for a possible port worker strike and Red Sea attacks ahead of a curtailed holiday shopping season, they are stoking a summer import rush to the US. July container imports and freight rates rose, reflecting an earlier-than-usual peak season for the ocean shipping industry, which handles 80% of global trade. Analysts predict...  Read more

In premarket trading on Wednesday, shares of Airbnb fell about 16%. The online travel company had already predicted lower revenue for the third quarter, citing slower demand in the US and shorter booking periods. Since the beginning of the year, domestic travel in the US has been under pressure as more and more Americans have...  Read more

The interest rate on the most popular U.S. house loan fell to its lowest level in 15 months last week as the Federal Reserve hinted it could start cutting its policy rate in September. A labor market downturn bolstered financial market bets on substantial cuts. On Wednesday, the Mortgage Bankers Association reported that the average...  Read more

The aftermarket share price for healthcare provider DaVita increased 3% on Tuesday after the firm boosted its profit prediction for 2024. The business is expecting high demand for its kidney dialysis services. Like its competitors, DaVita saw a precipitous drop in October of last year, but the stock has since recovered somewhat in 2024 as...  Read more

By predicting greater transaction and advertising fees as well as more orders on its online grocery delivery platform, Instacart wagered on Tuesday that its third-quarter gross transaction value and core profit would exceed analysts’ expectations. Following the closing bell, the company’s stock price increased by over 7%. In an effort to stay competitive in the...  Read more

Itau Unibanco is the biggest private lender in Latin America. On Tuesday, it reported a 15.2% increase in second-quarter profits compared to the same time last year. This was due to higher revenues and lower costs. Itau made a net recurring profit of 10.07 billion reals ($1.8 billion) in the quarter that ended in June....  Read more

Elon Musk said on Wednesday on social media platform X that Dell Technologies  and Super Micro Computer would supply server racks for his artificial intelligence firm xAI’s supercomputer. Musk revealed on X that Dell is building half of xAI’s supercomputer racks. In response to another post concerning the second partner, the billionaire responded “SMC”—Super Micro...  Read more

A corporate spokesman told a parliamentary committee on Friday that Facebook owner Meta may restrict Australian news material if the government requires licensing payments. Meta’s regional policy director Mia Garlick told MPs “all options are on the table” if the business would prohibit Australians from sharing news information to save expenses. “There’s a large number...  Read more

Gold’s soaring value masks its grim toll: illegal mining fuels environmental destruction, human suffering, and lost revenues in resource-rich nations. Communities face poisoned waterways, health crises, and deadly mining conditions. As inequality deepens, ethical sourcing and stronger regulations are urgent, reminding us that gold’s glitter hides a darker, costly shadow.  Read more

Greenland's melting ice reveals vast mineral wealth, including nickel, copper, and rare earth elements critical for green energy. While this sparks global interest and economic potential, it also underscores environmental costs, logistical challenges, and geopolitical implications. A delicate balance between opportunity and sustainability will shape Greenland’s future amid climate change.  Read more

In 2024, electrified vehicles hit a milestone, accounting for 20% of U.S. new car sales. With 3.2 million EVs and hybrids sold, Tesla led the charge despite increased competition. However, looming federal policy rollbacks threaten this growth. Still, shifting consumer preferences signal a transformative push toward sustainable, greener transportation options nationwide.  Read more

On January 16, 2025, markets saw mixed momentum as sectors navigated earnings surprises and strategic shifts. UnitedHealth and Southwest faced setbacks, while Morgan Stanley, TSMC, and Sezzle delivered strong performances. Retail and fintech demonstrated resilience, reflecting evolving consumer trends. The day underscored opportunities and challenges shaping 2025’s dynamic investment landscape.  Read more

BP is cutting 4,700 jobs and 3,000 contractor roles globally to save $2 billion by 2026, citing declining oil output and weaker refinery margins. The move reflects BP's push to streamline operations amid financial pressures, balancing immediate performance with long-term sustainability goals in a rapidly changing energy landscape.  Read more

Core inflation eased to 3.2% in December 2024, signaling progress in taming rising prices. However, high costs in shelter and transportation persist, straining household budgets. While the Federal Reserve may pause rate hikes, slow wage growth and inflationary pressures mean Americans face an uneven path toward economic relief and stability.  Read more

Premarket action on January 15, 2025, highlighted record-breaking earnings from Wall Street giants like JPMorgan and Goldman Sachs, alongside surging quantum computing stocks driven by Microsoft's "Quantum Ready" initiative. Banking strength and tech innovation set a dynamic tone for investors, signaling robust economic health and transformative advancements in computing technology.  Read more

Citigroup’s impressive Q4 2024 results mark a remarkable turnaround under CEO Jane Fraser’s leadership. With a $2.86 billion net income, 12% revenue growth, and thriving divisions like wealth management and investment banking, the bank’s transformation signals resilience, strategic execution, and a bright future, reinforced by a $20 billion stock buyback plan.  Read more

Wells Fargo closed 2024 with stellar results, exceeding earnings expectations and delivering $5.1 billion in net income—a 47% YOY increase. Under CEO Charlie Scharf’s leadership, strong investment banking growth, operational efficiency, and aggressive shareholder returns signal a remarkable turnaround and set the stage for sustainable growth in 2025 and beyond.  Read more

Japan-based Cover Corp, through its Hololive Production division, is revolutionizing virtual entertainment with VTubers like Gawr Gura and Mori Calliope. Expanding rapidly in the US, the $1 billion company blends virtual artistry, live events, and cultural collaborations, redefining anime-inspired influencers as global icons in the evolving entertainment landscape.  Read more

China controls nearly two-thirds of global shipbuilding, sparking U.S. economic and national security concerns. A USTR report highlights the decline of American shipbuilding capacity, urging action to rebuild the industry. With livelihoods and supply chains at risk, policymakers must confront China’s dominance to ensure equitable competition and bolster U.S. resilience.  Read more

Wall Street soared on January 15, 2025, as cooling inflation, strong bank earnings, and falling Treasury yields fueled investor optimism. The Dow, S&P 500, and Nasdaq posted significant gains, with tech and quantum computing stocks leading the way. Resilient corporate performance and easing rate hike fears signaled renewed market confidence.  Read more

Labour faces mounting economic challenges as the pound dips and inflation soars, with Rachel Reeves’s budget drawing sharp criticism. Polarizing policies, business tensions, and a stagnating GDP test the government’s resilience. While banking on innovation and worker protections, balancing immediate crises with long-term vision remains crucial for Britain’s recovery and stability.  Read more

India's retail inflation dropped to a 4-month low of **5.22% in December 2024**, easing pressures on household budgets and signaling economic stability. Key drivers include declining food and housing inflation, though urban-rural disparities persist. While optimistic, policymakers remain cautious about volatile food and fuel prices impacting the broader economic outlook.  Read more

China’s economy faces a pivotal 2025, grappling with slowed growth, real estate struggles, and waning foreign investment. While government measures aim to boost consumption and innovation, deeper structural challenges persist. Geopolitical tensions and global uncertainty compound pressures, leaving the world closely watching whether short-term relief can align with long-term stability.  Read more

European markets surged, with the Stoxx 600 up 1.3%, driven by cooling inflation in the U.K. and U.S. Retail and housebuilding stocks led gains, while falling bond yields boosted confidence. Global optimism spread to Wall Street, though lingering challenges remind investors to remain cautious amid economic uncertainties.  Read more

Asia-Pacific markets saw mixed performances as U.S. inflation data signaled easing pressures, while Japan’s business sentiment improved slightly. Key indices fluctuated, with China and Australia declining, and Hong Kong rising. Geopolitical uncertainty and Indonesia’s trade imbalances added complexity, reflecting the cautious yet hopeful investor sentiment shaping early 2025.  Read more

As the global economy heads into 2025, challenges abound with inflation, trade conflicts, and geopolitical shifts shaping the landscape. Donald Trump’s return to the U.S. presidency, protectionist policies, and rising global uncertainties threaten fragile recoveries, while inflation and rising living costs weigh heavily on households and cross-border industries worldwide.  Read more

Industries in 2025 are witnessing transformative innovation, from eye-tracking devices revolutionizing accessibility to automated food safety systems. Highlights include Lockheed Martin’s $11.8B F-35 deal, Goodyear's Dunlop sale, and photonics powering AI advancements. These breakthroughs underscore how technology addresses global challenges, fostering a more connected and equitable future.  Read more

Anthropic stated on Thursday that the advantages of California’s updated measure, which aims to control the development and deployment of artificial intelligence within the state, most certainly surpass the disadvantages. Amazon and Alphabet support Anthropic, a San Francisco-based competitor to OpenAI, the producer of ChatGPT. The Democratic State Senator Scott Wiener of California has introduced...  Read more

The Oversight Board reported Thursday that Meta failed to remove an explicit, AI-generated image of an Indian public figure until it was questioned by the board, calling on the tech giant to do more to address non-consensual, nude deepfakes on its platforms. In April, the Meta Oversight Board launched a probe into Meta’s handling of...  Read more

Home Depot says people are less likely to spend money on home improvements because they are unhappy with the economy. The big store for home improvements, which is a good indicator of customer spending and the housing market, lowered its sales goals for the year. Higher interest rates and worries that the economy is getting...  Read more

As a venture capitalist, JD Vance often talked about the rules he followed when investing in a business: the company should not only make money, but it should also help American neighborhoods. He said that’s why he put money into AppHarvest, a new company that offered a high-tech future for farming and the people who...  Read more

  In recent years, some Black voters have left Democrats. Will Kamala Harris convince them to vote Democratic again? Kamala Harris replaced Joe Biden as Democratic Party nominee less than a week after he dropped out. After receiving backing from former President Barack Obama and House Speaker Nancy Pelosi, she became the Democratic Party nominee...  Read more

U.S. auto safety regulators announced on Friday the preliminary evaluation of about 332,288 Hyundai SUVs in the US regarding a potential defective seat belt. Specific 2020–2023 Hyundai Palisade SUVs are the subject of the inquiry. According to the National Highway Safety Administration, there is a potential for seat belts to unlatch unexpectedly and without warning,...  Read more

Retail investors were buyers during the recent rollercoaster in U.S. stock markets, taking advantage of a sharp decline in popular tech shares, according to various research reports. However, they also exhibited signs of caution. Despite the fact that indexes fell by about 2.6% to 3.4% in busy trading on Monday due to a wave of...  Read more

As production of the Ram 1500 Classic vehicle comes to a close, Stellantis the parent company of Chrysler, is ending production and potentially laying off as many as 2,450 factory workers at its Warren vehicle assembly plant north of Detroit. The plant is transitioning from a two-shift to a one-shift operating pattern in general assembly,...  Read more

According to research, retail investors bought prominent tech shares during the recent U.S. stock market rollercoaster, taking advantage of a severe collapse. They also displayed prudence. Individual investors were caught up in the giant global stock market sell-off on Monday, triggered by anxiety about economic data and earnings news and exacerbated by the unwind of...  Read more

Lufthansa’s Disco Lufthansa’s leisure subsidiary, Discover Airlines, has agreed to raise pay for workers in the cockpit and the cabin. This is the first collective bargaining agreement the company has had since it started running in 2021, according to the union and the company. Both sides said the deal is good until the end of...  Read more

Industry data suggests that Chinese airlines are gaining market share on international routes due to weak Chinese travel demand, increased costs, and longer flight times to avoid Russian airspace. After the pandemic, Western airlines like British Airways and Qantas Airways are canceling flights to China, while Chinese airlines are expanding worldwide. China’s carriers fly more...  Read more