Blackstone Exits TikTok U.S. Deal Amid Growing Uncertainty
Jul 19, 2025 03:12 am UTC| Technology Business Politics
Private equity giant Blackstone (NYSE:BX) has withdrawn from a consortium bidding for TikToks U.S. operations, according to a Reuters source. The exit comes as ongoing delays and rising uncertainty cloud the future of...
Tesla Q2 Deliveries Beat Forecasts, But Deutsche Bank Warns on 2025 Outlook
Jul 19, 2025 02:47 am UTC| Business
Tesla (NASDAQ: TSLA) delivered 384,000 vehicles in Q2 2025, surpassing Deutsche Banks expectations, driven by strong U.S. and international sales. While deliveries were down 13% year-over-year, they rose 14% from Q1....
Microsoft Ends China-Based Engineer Support for U.S. Military After Security Concerns
Jul 19, 2025 02:44 am UTC| Business Technology Politics
Microsoft has announced it will no longer use engineers based in China to support U.S. military cloud services, following backlash over potential cybersecurity risks. The decision comes after an investigative report by...
Perplexity AI Eyes Mobile Expansion with Comet Browser to Challenge Google
Jul 19, 2025 02:38 am UTC| Technology Business
Nvidia-backed Perplexity AI is ramping up its efforts to disrupt Googles dominance in search by pushing its AI-powered Comet browser onto mobile devices. CEO Aravind Srinivas told Reuters that the startup is in talks with...
Crypto Exchange Bullish Reveals $348M Loss Ahead of NYSE IPO
Jul 19, 2025 02:31 am UTC| Business
Bullish, a cryptocurrency exchange backed by billionaire Peter Thiel, reported a $348.6 million quarterly loss in its U.S. IPO filing, contrasting with a $104.8 million profit during the same period last year. The filing...
Los Angeles Sues Airbnb Over Alleged Price Gouging During Wildfires
Jul 19, 2025 02:29 am UTC| Business Governance Law
Los Angeles has filed a lawsuit against Airbnb, accusing the home rental giant of price gouging during Januarys wildfires that devastated Southern California. City Attorney Hydee Feldstein Soto announced the suit on...
Nvidia’s H20 Chip Sales to China Face Criticism Over AI Concerns
Jul 19, 2025 02:27 am UTC| Technology Business Governance
U.S. lawmakers are raising alarms over the Commerce Departments decision to allow Nvidia (NASDAQ: NVDA) to resume sales of its H20 AI chips to China. Republican Representative John Moolenaar, chair of the House panel on...