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Eli Lilly reached a historic milestone on Friday when it briefly surpassed a $1 trillion market capitalization, becoming the first health-care company in the world to enter a territory long dominated by technology giants. The company’s stock hovered near $1,048 per share during morning trading, touching the trillion-dollar threshold before pulling back slightly. It is only the second nontechnology business in the United States to reach this valuation, following Berkshire Hathaway’s climb

Warren Buffett has long admitted that one of his biggest investing oversights was failing to buy shares of Google in its early years. Two decades later, that regret has turned into action. Berkshire Hathaway has disclosed a new position in Alphabet Inc valued at approximately 4.3 billion US dollars, marking one of the most notable shifts in the firm’s long-standing investment philosophy. The announcement immediately boosted market sentiment around Alphabet, with shares rising after the fili

Elon Musk pushed back Wednesday against reports that his artificial intelligence company xAI had raised $15 billion in new capital, calling the claim false shortly after sources familiar with the matter indicated the funding round had closed. The initial reports suggested that investors had added $5 billion to an earlier $10 billion round disclosed in September, which placed the company’s valuation at roughly $200 billion. According to individuals close to the fundraising efforts, much of t

​Anthropic announced plans on Wednesday to invest $50 billion in a large-scale U.S. artificial intelligence infrastructure initiative, beginning with new data center projects in Texas and New York. The company said the facilities will serve as core components of its long-term strategy to accelerate research and support enterprise clients across industries that depend on high-performance AI systems. The data centers will be developed in collaboration with Fluidstack, an AI cloud platfo

Apple is reportedly planning a major shift in its product lineup for 2026 by releasing only three iPhone models the iPhone Fold, iPhone 18 Pro, and iPhone 18 Pro Max while skipping the iPhone Air 2. According to reports, Apple has paused development of the Air 2 due to weak sales and low market interest in its predecessor. The iPhone Air, designed as a lighter and more affordable variant, failed to capture consumer attention, prompting Apple to streamline its lineup. This marks a significant

Nvidia made history on Wednesday by becoming the first publicly traded company to achieve a market capitalization of $5 trillion, marking a defining moment in the global technology and artificial intelligence landscape. The milestone underscores the company’s rapid evolution from a graphics chip producer into the backbone of the worldwide AI revolution, firmly establishing its leadership in a sector reshaping economies and industries. The Santa Clara, California-based firm’s sto

United States President Donald Trump has once again defended his administration’s tariff policies, claiming that the strategy has played a major role in strengthening the U.S. economy and boosting the stock market. Since returning to office for his second term, Trump has emphasized a renewed focus on economic nationalism, arguing that countries trading with the United States must pay tariffs determined by the government to protect American interests. In his latest remarks, Trump a

The Dow Jones Industrial Average surged to another record close on Tuesday, buoyed by a series of strong corporate earnings reports that reinforced investor optimism about the resilience of major U.S. companies. Gains from household names such as Coca-Cola, 3M, and General Motors helped the blue-chip index climb even as technology shares lagged, reflecting a rotation from growth stocks into more traditional sectors. The 30-stock Dow rose 218.16 points, or 0.47%, to finish at 46,924.

Intel Corp. is reportedly in preliminary talks with Apple Inc. over a potential investment, according to Bloomberg. The chipmaker, which has struggled in recent years against rivals AMD and Nvidia, is seeking new partnerships to strengthen its global position. While the discussions are still in early stages and no agreement is confirmed, the possibility of Apple joining Intel’s revival plan has already stirred investor interest.

Asia-Pacific markets retreated on Wednesday, following overnight declines on Wall Street after comments from U.S. Federal Reserve Chair Jerome Powell unsettled investors. Powell noted that equity prices appeared to be “fairly highly valued” and cautioned that the rate-cutting outlook remained unclear, adding that the central bank faces a “challenging situation” as it navigates inflationary pressures and economic growth concerns. In Australia, the S&P/ASX

The Diwali season is one of the busiest times of the year for Apple in India, and 2025 is no exception. With the launch of the iPhone 17 series creating a frenzy across major cities, Apple has rolled out attractive festive offers that include instant cashback, no-cost EMIs, and deals across iPhones, MacBooks, iPads, and Apple Watch devices. Buyers in India can now take advantage of discounts that make premium Apple devices more accessible just in time for the

The festival season has started with gold shining at record highs, igniting the debate on where investors should park their money right now. On the first day of Navratri 2025, spot gold surged 1.1% to $3,723.81 per ounce, briefly hitting $3,726.19 — its highest level yet. US gold futures for December delivery also climbed 1.4% to $3,758.40, strengthening gold’s dominance as a safe-haven asset. With price

Tesla’s stock price surged by more than 3% on Monday, closing at $410.26 per share, after it was revealed that CEO Elon Musk had purchased more than 2.5 million shares in the company. The acquisition, valued at around $1 billion, was disclosed in a regulatory filing and took place in several tranches at varying prices on Friday. The move immediately triggered optimism among investors and added significant momentum to Tesla’s already robust performance in recent months. T

The upcoming state visit of US President Donald Trump to Britain is set to draw not only political attention but also significant interest from the technology sector. Some of the most influential figures in global technology are expected to accompany him, fueling speculation that new corporate partnerships could be announced during the visit. Among those traveling with Trump are Jensen Huang, the chief executive of Nvidia, and Sam Altman, the chief executive of OpenAI. Tim Cook, the head of A

Labor Day 2025 is just around the corner, and while it’s a time to relax and enjoy the last days of summer, it’s also essential to plan ahead for the holiday’s impact on business hours and services. Unlike some federal holidays, Labor Day sees most stores remaining open, but with altered hours, and various services will be closed or operating on a limited schedule. Here's a comprehensive overview of what’s open and closed this year on

Apple has taken a major step in reshaping its audio strategy by joining forces with TuneIn, a leading digital radio platform, to make its curated radio stations available to a much larger audience. This move marks the first time Apple’s in-house radio channels will be distributed outside its dedicated app, enabling users across various devices including smart speakers, headphones, and even cars to tune in directly through TuneIn’s global platform.

American billionaire entrepreneur Elon Musk has filed a lawsuit against Apple Inc. and artificial intelligence company OpenAI in a federal court in Texas, alleging that the two technology giants have illegally conspired to maintain monopolies in the rapidly expanding field of artificial intelligence. According to Musk, their actions have prevented fair competition, harmed innovation, and specifically suppressed his own ventures, X and xAI, from competing on equ

Asia-Pacific markets moved lower on Wednesday as investors reacted to disappointing trade data from Japan and awaited China’s loan prime rate decision. The trend followed overnight losses in the United States, where a broad decline in technology stocks put pressure on indices. The movement across regional exchanges highlighted a cautious mood among global investors balancing weak export demand in Japan with uncertainty around Chinese policy actions.

A new housing project in Cupertino could soon reshape a familiar corner of the city by replacing the long-standing Bandley Center with a residential community. San Ramon-based SummerHill Homes has submitted a preliminary application for the development of 27 townhomes on a 1.55-acre site located at 10268 Bandley Drive. The three-story townhomes would bring a mix of modern residences to Cupertino, with plans including five moderately affordable units and 59 parking spaces. Most of the parking wou