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MrBeast's 'Beast Games' Becomes a Huge Financial Cost
Renowned YouTuber and entrepreneur MrBeast, also known as Jimmy Donaldson, has revealed a staggering financial loss from the production of his Amazon Prime Video series, Beast Games. Despite the show being one of Amazon’s most successful series debuts in 2024, Donaldson described it as “not a good financial decision.”
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China announces 84% tariffs on US goods
China introduced retaliatory tariffs of 84% on US imports, matching the additional tariffs announced by US President Donald Trump earlier in the day, escalating the trade conflict between the two largest economies.
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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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Larry Ellison overtook Musk as world’s richest person
Larry Ellison briefly surpasses Elon Musk as the world’s richest man, with Oracle’s growth and ties to politics, media, and technology shaping his influence.
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OpenAI raises $40B at $300B post-money valuation
OpenAI has secured $40 billion in one of the largest private funding rounds to date, bringing its valuation to $300 billion post-money.
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India Becomes the World’s Fourth Largest Economy
India has officially overtaken Japan to become the fourth largest economy globally, according to NITI Aayog CEO B V R Subrahmanyam.
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Around 88% of U.S. millionaires are self-made
According to a 2012 study by Fidelity Investments, 86% of millionaires consider themselves self-made, having accumulated their wealth through investments, capital appreciation, salaries, corporate stock options, and profit-sharing plans.
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EU fines Apple and Meta for breaking Europe’s digital rules
The European Commission has fined Apple €500m and Meta €200m for violating fair competition and user choice regulations under the EU's Digital Markets Act (DMA).
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Apple’s AI Pivot in China: Partnering with Alibaba to Stay Competitive
DeepSeek has captured the attention of China’s AI landscape with its meteoric rise. However, Apple is reportedly taking a different route, teaming up with Chinese tech giant Alibaba to develop AI-powered features for iPhones sold in China, according to The Information.
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Trump Administration’s No Taxes Under $150k
The Trump administration's latest tax proposal, announced by Commerce Secretary Howard Lutnick in an interview with CBS News, suggests eliminating income taxes for individuals earning less than $150,000 per year.
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China Bans OnlyFans in Latest Online Crackdown
China intensifies its digital regulation by banning access to OnlyFans, targeting foreign platforms.
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nvidia CEO wants to change or eliminate every job
Nvidia breaks the $4 trillion barrier, but CEO Jensen Huang’s warning about AI’s impact on jobs raises questions amid studies showing limited productivity gains.
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uber will allow you to book helicopter ride next year
Uber users will soon be able to book Blade helicopters in New York, cutting airport travel to just minutes.
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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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BYD new mega factory will be the size of san francisco
In 2024, Chinese automaker BYD once again surpassed Tesla not only in production but also in revenue. BYD reported earnings of $107 billion, outpacing Tesla’s $97.7 billion for the year.
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Mercedes-Benz Implements Cost-Cutting Strategy
German luxury carmaker Mercedes-Benz has announced a sweeping cost-cutting plan in response to dwindling sales and profit margins, forecasting a significant drop in earnings for 2025. The company aims to navigate an increasingly competitive market landscape, particularly in China and Europe, where demand has softened.
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US would help assure Ukraine's security
Trump promised Zelenskiy that the U.S. will provide security guarantees for Ukraine in future peace negotiations
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China has more factory robots than the rest of the world.
China has become the world leader in factory automation, installing more robots than all other countries combined.
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elon musk officially leaves the trump administration
Elon Musk, CEO of Tesla, is exiting the Trump administration after a high-profile but ultimately unfulfilled tenure as a special government employee tasked with driving federal efficiency.
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OpenAI prepares to launch GPT-5 in August
OpenAI is set to unveil GPT-5 in August, a more advanced and flexible AI system combining multiple technologies.
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