SpaceX hit by surging AI costs as insiders prepare to sell their shares
For a rocket company, SpaceX is spending a lot of money to build out its AI capacities. Too much, according to investors. The company reported revenue in its first quarterly…
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Category: Business
RBI keeps repo rate unchanged at 5.25% as volatile oil prices cloud inflation outlook
The Reserve Bank of India (RBI) on Wednesday kept its benchmark repo rate unchanged at 5.25% and retained its neutral monetary policy stance, choosing to wait for greater clarity on…
ADP report: US private employers added 44,000 in July, well below forecasts
Hiring at US private companies slowed sharply in July, with healthcare accounting for the bulk of new jobs as employers adopted a more cautious approach to recruitment amid shifting economic…
Why Trump turned on Chevron and Exxon despite backing Big Oil
US President Donald Trump on Monday accused ExxonMobil and Chevron of making excessive profits from elevated fuel prices and urged the country’s largest oil companies to lower gasoline prices for…
Forever war fears mount as experts urge Trump to ‘admit it was a mistake’ on Iran
Top analysts are warning that PresidentTrump risks getting drawn into a forever war, as his options on Iran narrow following his recent flip-flop. These analysts are arguing that Trump lacks…
US job openings fall in June as healthcare vacancies decline, but hiring picks up
US job openings declined in June, largely reflecting weaker demand in the healthcare and social assistance sector, although stronger hiring and subdued layoffs suggested the labor market remained on stable…
New York sues Kalshi, says its prediction markets are illegal gambling
New York’s attorney general sued prediction market operator Kalshi on Friday, claiming that its platform violates state laws against illegal gambling. In a petition filed in a state court in…
Fed holds rates in 9-3 vote; Warsh says decision not a pause, but a review
The US Federal Reserve left interest rates unchanged on Wednesday in one of its most closely watched policy decisions in years, even as three policymakers broke ranks to call for…
BoE holds interest rates in 6-3 vote as Iran conflict clouds inflation outlook
The Bank of England kept interest rates unchanged on Thursday as policymakers weighed easing domestic inflation against renewed uncertainty created by the conflict in the Middle East, where higher energy…