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Fri, Dec 19, 2025 12:50 AM All times are UTC

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Oracle in Talks with Meta on $20 Billion AI Cloud Deal

Sep 20, 2025 02:51 am UTC| Business Technology

Oracle is reportedly negotiating a multi-year cloud computing deal with Meta worth about $20 billion, highlighting Metas push to secure greater AI computing power. According to sources cited by Reuters, Oracle would...

Comcast to Cut Jobs as It Streamlines Xfinity and Sky Operations

Sep 20, 2025 02:43 am UTC| Business Technology

Comcast is preparing to cut jobs at its largest division, which oversees Xfinity internet, mobile, and pay TV services, as part of a broader effort to centralize operations and strengthen its broadband business. Starting...

Apple’s iPhone 17 Launch Sparks Strong Demand in China

Sep 19, 2025 05:42 am UTC| Technology Business

Hundreds of customers gathered at Apples flagship store in Beijings Sanlitun district on Friday for the launch of the iPhone 17, signaling a strong start in the worlds second-largest smartphone market. Around 300 people...

Chinese Chip Stocks Surge as Beijing Curbs Nvidia Purchases

Sep 19, 2025 05:30 am UTC| Economy Technology

Chinese semiconductor stocks extended a strong rally on Friday after reports that Beijing regulators ordered major technology firms to halt purchases of Nvidias (NASDAQ: NVDA) AI chips. The move strengthens bets on Chinas...

Trump and Xi Move Toward TikTok Deal Amid U.S.-China Trade Tensions

Sep 19, 2025 05:22 am UTC| Politics Economy Technology

U.S. President Donald Trump and Chinese President Xi Jinping are set to hold a call Friday aimed at reaching an agreement to keep TikTok operating in the United States while addressing escalating trade tensions. The...

DeepSeek Claims $294K Training Cost for R1 AI Model, Stirring Global Debate

Sep 19, 2025 04:16 am UTC| Business Technology

Chinese AI developer DeepSeek has revealed that training its reasoning-focused R1 model cost only $294,000, a fraction of what U.S. rivals reportedly spend. The disclosure, published in Nature, marks the first official...

Nvidia’s $5B Intel Investment Sparks Semiconductor Rally

Sep 19, 2025 01:31 am UTC| Technology Business

Intel shares soared 22.7% to $30.57 on Thursday, their highest level since July 2024, after Nvidia revealed a $5 billion stake in the chipmaker. Nvidia purchased shares at $23.28 each, marking the start of a landmark...

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Economy

Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review

Canadian Prime Minister Mark Carney has indicated that Canada is unlikely to secure a near-term agreement with the United States to ease tariffs on key sectors such as steel and aluminum. Instead, negotiations are now...

Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks

Oil prices extended their gains during Asian trading on Thursday as geopolitical tensions involving Venezuela and Russia heightened concerns over global crude supply. Market sentiment was boosted after U.S. President...

Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets

Asian shares fell sharply on Thursday as technology stocks came under renewed pressure, driven by growing investor concerns over heavy artificial intelligence spending and its impact on corporate balance sheets. Market...

Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React

The U.S. dollar remained steady against major global currencies on Thursday as investors positioned themselves ahead of key central bank decisions in the United Kingdom, Europe and Japan. Currency markets showed cautious...

BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited

The Bank of England is widely expected to cut interest rates on Thursday as signs mount that UK inflation is easing and economic growth is weakening. Financial markets anticipate a 25-basis-point reduction, bringing the...

Politics

Barham Salih Elected as Next UN High Commissioner for Refugees

The United Nations General Assembly has elected Barham Salih, former president of Iraq and a longtime advocate for democracy and human rights, as the next United Nations High Commissioner for Refugees. The decision was...

Trump Signals Progress in Ukraine Peace Talks Ahead of U.S.–Russia Meeting

U.S. President Donald Trump said on Thursday that negotiations aimed at ending the conflict in Ukraine may be nearing a breakthrough, raising expectations ahead of planned talks between U.S. and Russian officials scheduled...

Argentina Unions Rally Against Milei’s Labor Reform as Congress Debates Key Bill

Argentinas main labor federation led a massive nationwide protest on Thursday against a controversial labor reform bill proposed by President Javier Milei, intensifying tensions as lawmakers begin debating the legislation...

Kennedy Center Reportedly Renamed Trump-Kennedy Center After Board Vote

The John F. Kennedy Center for the Performing Arts, one of Washington, D.C.s most iconic cultural institutions, is set to be renamed the Trump-Kennedy Center following what was described as a unanimous vote by its board of...

Trump Announces $1,776 Cash Bonus for U.S. Military Personnel Ahead of Christmas

U.S. President Donald Trump announced Wednesday evening that eligible U.S. military personnel will receive a one-time cash payment of $1,776, a move he described as a special warrior dividend timed ahead of Christmas. The...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...