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FAA Halts Newark Flights Amid Telecom Glitch, Urgent Upgrades Planned

May 12, 2025 01:02 am UTC| Business Governance

Flights at Newark Liberty International Airport were briefly halted on Sunday due to a new telecommunications issue at the Philadelphia Terminal Radar Approach Control (TRACON), the FAA confirmed. The incident led to a...

CATL Targets $3.99B in Hong Kong's Largest IPO of 2025

May 12, 2025 00:52 am UTC| Business

Chinese EV battery giant Contemporary Amperex Technology Co. Ltd. (CATL) is aiming to raise HK$31.01 billion (US$3.99 billion) through a Hong Kong listing, marking the citys largest IPO so far this year. According to its...

Tesla FSD Progress Drives $400 Target Ahead of Austin Robotaxi Launch

May 10, 2025 13:55 pm UTC| Technology Business

Teslas Full Self-Driving (FSD) technology is a key driver behind Piper Sandlers $400 price target, with investor interest intensifying ahead of a potential robotaxi rollout in Austin. Analyst Alexander Potter emphasizes...

Nvidia Tops Fund Holdings Despite Semiconductor Sector Underweighting

May 10, 2025 13:46 pm UTC| Technology Business

Nvidia Corp. (NASDAQ: NVDA) remains the most widely held semiconductor stock among U.S. active fund managers, according to April data from BofA Securities. The chipmaker was included in 73% of fund portfolios, marking a...

Warren Buffett’s Berkshire Hathaway: A 60-Year Investment Powerhouse

May 10, 2025 13:43 pm UTC| Business

Berkshire Hathaway (NYSE: BRKb), under Warren Buffetts leadership since 1965, stands as one of the greatest investment success stories in history. A $100 investment in Berkshire shares at the time Buffett took over would...

U.S. Regulators Approve Venture Global’s CP2 LNG Project After Environmental Review

May 10, 2025 02:41 am UTC| Business

Venture Globals CP2 liquefied natural gas (LNG) export terminal in Louisiana has cleared a key regulatory hurdle, with U.S. federal regulators recommending the project proceed following a final environmental review. The...

FAA to Meet Airlines Over Newark Flight Cuts Amid Rising Delays and Staffing Woes

May 10, 2025 02:34 am UTC| Business Governance

The Federal Aviation Administration (FAA) will meet with major airlines on Wednesday to discuss potential temporary flight reductions at Newark Liberty International Airport. The move comes in response to ongoing flight...

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Economy

Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth

Vietnam recorded a notable month-on-month decline in trade activity in November, according to new data from the National Statistics Office (NSO). Exports fell 7.1% from October, reaching $39.07 billion, while imports...

Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook

Fitch Ratings has reaffirmed Austrias Long-Term Foreign-Currency Issuer Default Rating at AA with a Stable Outlook, underscoring the countrys strong economic fundamentals despite rising fiscal pressures. According to the...

Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut

The upcoming Federal Reserve meeting is shaping up to be one of the most closely watched and contentious in years, with investors focused on how divided policymakers are over a potential interest-rate cut and the signals...

U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut

U.S. stocks ended higher on Friday as a softer inflation reading strengthened expectations that the Federal Reserve could move forward with an interest-rate cut next week. The SP 500 climbed 0.2%, the Dow Jones Industrial...

U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut

U.S. stocks closed the week with modest gains on Friday, as investors weighed a wave of delayed economic data and maintained strong expectations for a Federal Reserve interest rate cut at next weeks policy meeting. Despite...

Politics

CFPB to Review Anti-Discrimination Policies and Fair Lending Rules Amid Policy Shift

The U.S. Consumer Financial Protection Bureau (CFPB) is preparing to convene its Consumer Advisory Board next week to review major policy changes, including a controversial proposal to scale back long-standing...

Supreme Court to Review Legality of Trump’s Birthright Citizenship Restrictions

The U.S. Supreme Court has agreed to examine the legality of President Donald Trumps directive aimed at restricting birthright citizenship, a move that could redefine a long-standing interpretation of the 14th Amendment....

Australia Imposes Sanctions on Taliban Officials Over Human Rights Abuses

Australia has announced new financial sanctions and travel bans against four senior officials of Afghanistans Taliban government, citing the worsening human rights situation in the country, particularly the escalating...

U.S. Appeals Court Rules Trump Can Remove Members of Key Federal Labor Boards

A U.S. appeals court has ruled that President Donald Trump had the authority to dismiss Democratic members of two major federal labor boards, marking a significant win for efforts to expand presidential control over...

Trump Backs Review of U.S. Childhood Vaccine Schedule After Hepatitis B Policy Change

President Donald Trump on Friday expressed support for a major shift in U.S. vaccine policy after government advisers voted to eliminate the long-standing recommendation that all newborns receive the hepatitis B vaccine at...

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...

Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature

Firelight reaches 25M XRP deposit cap within hours of launch; ushers in a new era for decentralized XRP staking. A new XRP staking platform, Firelight, has officially launched on the Flare blockchain, marking the first...