German lawmakers are widely expected to approve a defense procurement package exceeding 50 billion euros on Wednesday, marking one of the most significant military spending decisions in the country’s post-war history. The move reflects a broader shift in Germany’s security policy as the government seeks to strengthen national and allied defense capabilities following Russia’s invasion of Ukraine. Agenda documents for the Bundestag’s Budget Committee indicate that members are

U.S. crude oil prices fell to their lowest level since May on Tuesday, deepening a prolonged downturn that has put the market on track for its weakest annual performance in seven years. The decline reflects growing concerns over a looming supply surplus and shifting expectations around geopolitical risks, particularly the possibility of a peace agreement between Ukraine and Russia. West Texas Intermediate crude briefly dropped to $55.69 per barrel, while global benchmark Brent crude

Paramount Skydance has escalated its long-running pursuit of Warner Bros. Discovery by launching a hostile takeover bid valued at $30 per share, moving directly to shareholders after earlier attempts failed to gain traction. The all-cash offer matches the proposal that Warner Bros. Discovery declined last week and places the company’s enterprise value at approximately $108.4 billion. Paramount’s decision to bypass company leadership signals its determination to remain a central contender

India’s economy recorded a faster pace of expansion in the July–September quarter, with official data showing that gross domestic product rose 8.2% year-on-year. The acceleration reflects a combination of stronger consumer demand, a revival in manufacturing activity, and accelerated production schedules ahead of India’s major festive season. Economists had widely expected the quarter to deliver robust growth, but the latest figure surpassed the projected 7.3% expansion for the period, e

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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

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.

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

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

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

Asia-Pacific markets on Tuesday opened on a cautious note, largely mirroring the overnight declines seen on Wall Street as investors turned their attention toward the upcoming United States Federal Reserve meeting. The Fed gathering is expected to provide more clarity on the central bank’s stance on interest rates and inflation, which has been a driving factor for global equity markets over the past months. Alongside monetary policy concerns, global inves

Intel’s stock took a notable hit on Thursday after President Donald Trump publicly called for the resignation of Intel’s CEO, Lip-Bu Tan. The statement has intensified the spotlight on Intel’s leadership and its potential ties to foreign entities, particularly Chinese technology firms, as the U.S. continues to grapple with rising national security concerns surrounding global tech investments. In a social media post, President Trump declared that “The CEO of

Palantir Technologies has reported a record-breaking quarter, surpassing Wall Street expectations and crossing the $1 billion revenue mark for the first time. The artificial intelligence software provider posted earnings of 16 cents per share, beating the expected 14 cents, with revenue hitting $1 billion compared to analyst estimates of $940 million. Shares of the company rose more than 5% following the announcement, reflecting strong investor confidence in its accelerated growth. The compan

Tensions are mounting in Switzerland as the deadline to secure a crucial trade agreement with the United States approaches rapidly. Without a breakthrough, Swiss exports to the U.S. will face a punitive 39 percent duty, one of the highest tariff rates imposed under U.S. President Donald Trump’s recent trade policy changes. The surprise announcement of these tariffs last week sent shockwaves through the Swiss business community, which had believed an agreement was close to finalization.

Indian equity benchmarks Sensex and Nifty reversed early gains to trade lower by midday Thursday, reflecting a cautious investor mood amid growing uncertainty surrounding the leadership of the US Federal Reserve and other macroeconomic factors. The Sensex had opened on a stronger note, rising by 119.05 points to touch 82,753.53, while the Nifty advanced 18.7 points to 25,230.75. However, this initial positivity gave way to selling pressure later in the session, dragging the Sensex down to 82,

Bitcoin and related cryptocurrency stocks took a sharp downturn after the U.S. House of Representatives failed to advance a series of bills aimed at providing regulatory clarity and support for the crypto industry. A critical procedural vote on the House floor ended with 13 Republicans siding with Democrats to block the motion, which failed in a 196-223 vote. The result was a major setback for the crypto sector, which had been buoyed in recent weeks by rising investor confidence and record-se