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The U.S. collected a record-breaking $22.3 billion in tariff revenue in May.
President Donald Trump’s aggressive tariff strategy is causing widespread economic disruption globally, yet it is yielding unexpected gains at home.
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UAE, Singapore to Become Wealth Magnets as 142,000 Millionaires Plan Migration in 2025
The United Arab Emirates and Singapore are emerging as top destinations for the world’s affluent, drawing high-net-worth individuals (HNWIs) with their low taxes, political stability, and advanced infrastructure, according to Markelitics.
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Foreign travelers soon to pay 'visa integrity fee'
The U.S. introduces a $250 “visa integrity fee” starting Oct. 1, raising total visa costs to over $400 for travelers from countries like Mexico, China, and Brazil. Tourism experts warn of reduced travel volumes.
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Meta execs obsessed over beating OpenAI’s GPT-4 internally 🤖
Executives and researchers leading Meta’s AI efforts focused intensely on surpassing OpenAI’s GPT-4 model while developing Llama 3, according to internal messages revealed during a court case on AI copyright issues, Kadrey v. Meta.
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Toyota Launches Experimental City in Japan
Toyota opens the first phase of its experimental Woven City, a living testbed for autonomous technologies and smart living.
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Kanye West YZY memecoin hits $3B
YZY rocketed to a $3B market cap minutes after launch, then fell amid concerns over insider control and liquidity mechanics, even as traders piled in for short-term plays.
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Amazon Rebuilt Alexa with Generative AI
Amazon has rebuilt Alexa using generative AI, creating an architecture that enables customers to quickly and seamlessly connect with services they use daily.
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Perplexity AI Offers $34.5 Billion for Google’s Chrome
Perplexity AI has made a bold $34.5 billion bid for Google’s Chrome browser following a DOJ antitrust ruling.
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Nvidia to produce AI servers worth up to $500 billion in US
Nvidia has announced plans to build AI servers worth up to $500 billion in the U.S. over the next four years, in collaboration with partners like TSMC.
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McDonald's sales improved last quarter
McDonald’s Q2 results were boosted by the record-breaking Minecraft Movie Meal promotion, strong global sales, and continued digital expansion.
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Amazon to close all of its Fresh grocery stores in UK
Amazon will shut down all Fresh stores in the U.K., shifting focus to online grocery growth and Whole Foods conversions.
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BlackRock shifts $561M from Bitcoin to Ethereum
BlackRock shifts over half a billion dollars from Bitcoin to Ethereum, suggesting a possible altcoin season.
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Trump's 50% tariff on India kicks in
India faces a major economic test as Trump’s 50% tariffs bite, while Modi counters with tax cuts and a push for self-reliance.
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huawei just launched the maextro S800
Huawei and JAC Motors launch the Maextro S800, a full-size luxury EV sedan with cutting-edge tech, bespoke interiors, and superior safety.
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Gold prices extend decline as dollar strengthens
Gold continued to slide on Wednesday after posting its steepest daily drop since 2020, pressured by a stronger U.S. dollar and profit-taking by investors.
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NVIDIA Revolutionizes Robotics: 1 Year of Training Achieved in Just 50 Minutes
NVIDIA has announced a groundbreaking innovation in robotics, achieving a 10,000-fold acceleration in robot training speed.
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Berkshire profit rises, cash soars to record
Berkshire Hathaway’s profit rises 34% while its cash reserves hit a record $381.7 billion ahead of Warren Buffett’s retirement as CEO, marking a cautious stance on markets and the end of an era.
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Netflix loses $15B after Musk urges cancellations
Netflix shares tumble as Elon Musk’s call to cancel subscriptions sparks a $15B market loss.
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Morgan Stanley profit beats estimates
Morgan Stanley exceeded expectations in the third quarter of 2025, fueled by a strong rebound in dealmaking and robust trading results.
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Mastercard Launches Stablecoin Payment Cards with MoonPay
Mastercard has partnered with MoonPay to introduce stablecoin-powered payment cards for both individuals and businesses, expanding its reach in the crypto space.
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