THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Donald Trump, a candidate for the presidency of the United States, has implied that Iran had hacked his campaign. Late on Saturday night, the campaign team for the Republican nominee published a statement in which they claimed that the Iranian government had stolen and leaked crucial internal data they had obtained. Following the publication of...  Read more

Cisco According to those in the know, the American networking equipment manufacturer will lay off thousands of workers again this year as it prioritizes investments in cybersecurity and artificial intelligence, two areas with faster growth rates. According to the anonymous sources, the number of affected individuals might be comparable to, or somewhat greater than, the...  Read more

As retailers prepare for a possible port worker strike and Red Sea attacks ahead of a curtailed holiday shopping season, they are stoking a summer import rush to the US. July container imports and freight rates rose, reflecting an earlier-than-usual peak season for the ocean shipping industry, which handles 80% of global trade. Analysts predict...  Read more

In premarket trading on Wednesday, shares of Airbnb fell about 16%. The online travel company had already predicted lower revenue for the third quarter, citing slower demand in the US and shorter booking periods. Since the beginning of the year, domestic travel in the US has been under pressure as more and more Americans have...  Read more

The interest rate on the most popular U.S. house loan fell to its lowest level in 15 months last week as the Federal Reserve hinted it could start cutting its policy rate in September. A labor market downturn bolstered financial market bets on substantial cuts. On Wednesday, the Mortgage Bankers Association reported that the average...  Read more

The aftermarket share price for healthcare provider DaVita increased 3% on Tuesday after the firm boosted its profit prediction for 2024. The business is expecting high demand for its kidney dialysis services. Like its competitors, DaVita saw a precipitous drop in October of last year, but the stock has since recovered somewhat in 2024 as...  Read more

By predicting greater transaction and advertising fees as well as more orders on its online grocery delivery platform, Instacart wagered on Tuesday that its third-quarter gross transaction value and core profit would exceed analysts’ expectations. Following the closing bell, the company’s stock price increased by over 7%. In an effort to stay competitive in the...  Read more

Itau Unibanco is the biggest private lender in Latin America. On Tuesday, it reported a 15.2% increase in second-quarter profits compared to the same time last year. This was due to higher revenues and lower costs. Itau made a net recurring profit of 10.07 billion reals ($1.8 billion) in the quarter that ended in June....  Read more

Elon Musk said on Wednesday on social media platform X that Dell Technologies  and Super Micro Computer would supply server racks for his artificial intelligence firm xAI’s supercomputer. Musk revealed on X that Dell is building half of xAI’s supercomputer racks. In response to another post concerning the second partner, the billionaire responded “SMC”—Super Micro...  Read more

A corporate spokesman told a parliamentary committee on Friday that Facebook owner Meta may restrict Australian news material if the government requires licensing payments. Meta’s regional policy director Mia Garlick told MPs “all options are on the table” if the business would prohibit Australians from sharing news information to save expenses. “There’s a large number...  Read more

The Saver’s Credit helps low- and moderate-income earners reduce their tax bill while saving for retirement. Many eligible taxpayers miss out due to low awareness. In 2027, it will become the Saver’s Match, making it more accessible. Claiming it now can save up to $2,000 before the tax-filing deadline.  Read more

President Trump confirmed tariffs on Canada and Mexico will proceed as planned, emphasizing the need to protect U.S. industries. Despite concerns over trade relations and potential economic impacts, he remains committed to his protectionist policies, aiming to boost domestic manufacturing and reduce reliance on foreign imports. Responses from both nations are expected.  Read more

Nvidia's Q4 2025 earnings report, set for February 26, will highlight its AI market position amid competition from DeepSeek. Despite stock fluctuations and Blackwell chip rollout concerns, strong demand persists. Investors await insights from CEO Jensen Huang on Nvidia's growth strategies and future prospects in the evolving AI landscape.  Read more

Making friends as an adult is challenging due to distance, life stage differences, and shifting values. However, fostering connections is possible through deep conversations, thoughtful planning, and emotional support. By being intentional in social interactions, we can build and maintain meaningful friendships that enrich our lives despite life’s inevitable changes.  Read more

The stock market had a mixed session on February 24, 2025, with AI stocks struggling while Bristol Myers Squibb outperformed, gaining over 3%. Defensive healthcare stocks attracted investors, and BMY’s CEO’s insider purchase boosted confidence. Meanwhile, Alphabet saw gains from an expanded Salesforce partnership, reinforcing Google Cloud’s strong market position.  Read more

JPMorgan Chase CEO Jamie Dimon criticized government inefficiency, advocating for reforms that ensure spending benefits citizens. With Elon Musk leading the new Department of Government Efficiency, the Trump administration’s budget cuts spark debate over accountability. Dimon warns reforms must follow legal boundaries to balance cost-cutting with democratic oversight.  Read more

U.S. President Donald Trump and French President Emmanuel Macron held a pivotal White House meeting amid the Ukraine conflict. Key topics included ending the war, a U.S.-Ukraine minerals deal, and Trump’s dialogue with Putin. The discussions signal shifting diplomatic priorities as global leaders navigate economic and military strategies in a tense geopolitical landscape.  Read more

Anthropic has unveiled **Claude 3.7 Sonnet**, a groundbreaking AI model with hybrid intelligence that adapts seamlessly to user queries. This innovation positions Anthropic as a key competitor to OpenAI and Google. Backed by major investors like Amazon, the company continues to shape the future of AI with intuitive and adaptive models.  Read more

Jamal Robinson retired at 40 with $3.6 million through disciplined saving and smart investments. Influenced by *The Millionaire Next Door,* *Die With Zero,* and *The Psychology of Money,* he balanced financial security with enjoying life. Now in Dubai, he embraces wealth as a tool for happiness and fulfillment.  Read more

On February 24, 2025, Berkshire Hathaway surged 4% on strong earnings, while Meta and Palantir faced declines. Nike gained after an analyst upgrade, but Rivian dropped 8% after a downgrade. Energy stocks also fell on Microsoft lease cancellations. Earnings, analyst ratings, and economic factors shaped a volatile trading session.  Read more

Beef prices remain high as U.S. cattle herds decline to their lowest in 74 years. Drought, high feed costs, and strong demand drive ranchers to sell off stock, limiting future supply. With no quick fixes in sight, consumers face elevated prices amid environmental and economic challenges reshaping the cattle industry.  Read more

Ghana achieved a historic $5 billion trade surplus in 2024, driven by a 50% surge in gold export revenues to $11.6 billion. While this underscores economic resilience and global market acumen, experts urge diversification to sustain long-term growth. The milestone marks a transformative moment for Ghana’s economy and national development.  Read more

Canada is preparing for a potential refugee surge as U.S. immigration policies tighten. Efforts include enhanced infrastructure at Quebec's Saint-Bernard-de-Lacolle border crossing, reflecting a commitment to balancing humanitarian principles with logistical challenges. This pivotal moment underscores Canada's dedication to offering safety, hope, and stability to those seeking refuge amid global uncertainty.  Read more

Germany's DAX Index hits record highs despite economic contraction, driven by export-focused giants like SAP and Siemens. While these multinationals thrive on global demand, domestic industries and mid-cap stocks struggle amid structural challenges. This divergence underscores opportunities in the DAX but highlights broader issues hampering Europe’s largest economy.  Read more

Donald Trump's potential second term may prioritize transactional diplomacy with China, seeking high-profile trade deals like an expanded "Phase One" agreement. While focusing on economic wins, critics warn of sidelined allies and heightened tensions over tariffs, security, and tech disputes. His unpredictable style fuels both hopes for breakthroughs and fears of deeper divides.  Read more

Global markets ended the week on an optimistic note, with London’s FTSE 100 hitting a record 8,505.22, fueled by strong mining sector gains and easing UK inflation. European equities climbed broadly, despite mixed data and sector challenges, signaling resilience and cautious investor confidence amid regulatory pressures and global economic uncertainties.  Read more

China controls nearly two-thirds of global shipbuilding, sparking U.S. economic and national security concerns. A USTR report highlights the decline of American shipbuilding capacity, urging action to rebuild the industry. With livelihoods and supply chains at risk, policymakers must confront China’s dominance to ensure equitable competition and bolster U.S. resilience.  Read more

Wall Street soared on January 15, 2025, as cooling inflation, strong bank earnings, and falling Treasury yields fueled investor optimism. The Dow, S&P 500, and Nasdaq posted significant gains, with tech and quantum computing stocks leading the way. Resilient corporate performance and easing rate hike fears signaled renewed market confidence.  Read more

On January 16, 2025, markets saw mixed momentum as sectors navigated earnings surprises and strategic shifts. UnitedHealth and Southwest faced setbacks, while Morgan Stanley, TSMC, and Sezzle delivered strong performances. Retail and fintech demonstrated resilience, reflecting evolving consumer trends. The day underscored opportunities and challenges shaping 2025’s dynamic investment landscape.  Read more

Labour faces mounting economic challenges as the pound dips and inflation soars, with Rachel Reeves’s budget drawing sharp criticism. Polarizing policies, business tensions, and a stagnating GDP test the government’s resilience. While banking on innovation and worker protections, balancing immediate crises with long-term vision remains crucial for Britain’s recovery and stability.  Read more

In 2024, electrified vehicles hit a milestone, accounting for 20% of U.S. new car sales. With 3.2 million EVs and hybrids sold, Tesla led the charge despite increased competition. However, looming federal policy rollbacks threaten this growth. Still, shifting consumer preferences signal a transformative push toward sustainable, greener transportation options nationwide.  Read more

The Bank of Korea unexpectedly held rates at 3%, citing economic and political uncertainty, including President Yoon’s arrest. Amid modest export recovery and faltering domestic demand, the BOK opted for caution to manage household debt and unpredictable global conditions, signaling a focus on stability amid South Korea’s uneven recovery.  Read more

Citigroup’s impressive Q4 2024 results mark a remarkable turnaround under CEO Jane Fraser’s leadership. With a $2.86 billion net income, 12% revenue growth, and thriving divisions like wealth management and investment banking, the bank’s transformation signals resilience, strategic execution, and a bright future, reinforced by a $20 billion stock buyback plan.  Read more

Wells Fargo closed 2024 with stellar results, exceeding earnings expectations and delivering $5.1 billion in net income—a 47% YOY increase. Under CEO Charlie Scharf’s leadership, strong investment banking growth, operational efficiency, and aggressive shareholder returns signal a remarkable turnaround and set the stage for sustainable growth in 2025 and beyond.  Read more

Anthropic stated on Thursday that the advantages of California’s updated measure, which aims to control the development and deployment of artificial intelligence within the state, most certainly surpass the disadvantages. Amazon and Alphabet support Anthropic, a San Francisco-based competitor to OpenAI, the producer of ChatGPT. The Democratic State Senator Scott Wiener of California has introduced...  Read more

Friday saw dollar weakness as investors braced for Jackson Hole address by Federal Reserve Chair Jerome Powell, while the yen topped other currencies in gains following hawkish stance reaffirmation by Bank of Japan (BOJ) Governor Kazuo Ueda. At the meeting of the world’s leading monetary policymakers at Jackson Hole, Wyoming, central bankers will play a...  Read more

Elon Musk’s daughter, Vivian Jenna Wilson, has spoken out against her father’s recent transphobic comments. Wilson is the daughter of Elon Musk and X, the owner. On Thursday, transgender activist Wilson referred to Musk’s X tale about her as “entirely fake.” Wilson was “born gay and slightly autistic,” Musk wrote on Monday, adding she would...  Read more

The Oversight Board reported Thursday that Meta failed to remove an explicit, AI-generated image of an Indian public figure until it was questioned by the board, calling on the tech giant to do more to address non-consensual, nude deepfakes on its platforms. In April, the Meta Oversight Board launched a probe into Meta’s handling of...  Read more

Home Depot says people are less likely to spend money on home improvements because they are unhappy with the economy. The big store for home improvements, which is a good indicator of customer spending and the housing market, lowered its sales goals for the year. Higher interest rates and worries that the economy is getting...  Read more

As a venture capitalist, JD Vance often talked about the rules he followed when investing in a business: the company should not only make money, but it should also help American neighborhoods. He said that’s why he put money into AppHarvest, a new company that offered a high-tech future for farming and the people who...  Read more