Latest Business News
SpaceX Plans Mega IPO in 2026 Targeting $30 Billion+
SpaceX is preparing for an IPO in 2026 aiming to raise over $30 billion with a valuation around $1.5 trillion, making it the biggest listing in history.
Microsoft to Invest $17.5 Billion to Build Cloud and AI Infrastructure in India
CEO Satya Nadella announced Microsoft’s largest-ever Asian investment, pledging $17.5 billion over four years to strengthen cloud and AI infrastructure in India, signaling the tech giant's commitment to the world's most populous nation.
Federal Reserve Poised for Third Consecutive Interest Rate Cut
Federal Reserve officials are expected to cut interest rates for the third time, with frontrunner Kevin Hassett suggesting cuts greater than 25 basis points, driven by slowing U.S. private sector job growth and economic caution.
U.S. Private Sector Jobs Fell Sharply in November, Biggest Drop Since March 2023
ADP reported a decline of 32,000 private sector jobs in November, mainly driven by small businesses, manufacturing, information, and business services sectors, intensifying expectations for Fed rate cuts.
Reprogrammable Humanoid Robots Could Equalize Global Manufacturing, Says Arm CEO
Arm CEO Rene Haas emphasized that advanced humanoid robots with reprogrammability hold potential to transform global manufacturing competitiveness at Fortune Brainstorm AI event.
Coupang CEO Resigns Following Historic Data Breach Affecting Majority of South Koreans
The CEO of Coupang resigned after a data breach exposed sensitive information including shipping addresses and phone numbers of nearly two-thirds of South Korea’s population, raising concerns about cybersecurity in e-commerce.
Activist Investors Targeting Female CEOs, Impacting Corporate America
Activist investors have increasingly focused on female CEOs, which Fortune reports is costing Corporate America, reflecting ongoing challenges in gender dynamics within leadership and investment communities.
Exelon CEO Warns of U.S. Grid Resilience Challenges Amid AI-driven Demand Surge
Calvin Butler, Exelon CEO, highlighted urgent needs for renewed generation capacity, including renewables, and efficiency improvements to prevent grid failures as AI adoption drives power demand growth.
Jamie Dimon Assembles High-Profile Advisory Group for JPMorgan’s $1.5 Trillion National Security Initiative
JPMorgan CEO Jamie Dimon appointed leaders such as Jeff Bezos, Michael Dell, and Jim Farley to advise on a major $1.5 trillion initiative aimed at reinforcing national security priorities in investments and operations.
Australia Implements World’s First Teen Social Media Ban Affecting TikTok, Instagram, and Facebook
Australia has banned access to major social media platforms for users under 16 to protect youth mental health, a pioneering regulatory move setting new standards in digital policy.