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Westpac Annual Profit Falls Amid Tough Home-Lending Competition
Westpac reported a slight annual profit decline amid fierce home-lending competition but exceeded analyst expectations, highlighting stable credit quality and strong capital reserves.
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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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OpenAI Surpasses 400 Million Weekly Active Users
OpenAI, the company behind ChatGPT, has reached a new milestone, surpassing 400 million weekly active users in February. A company spokesperson confirmed the figures to Reuters on Thursday, highlighting the exponential growth in global adoption of artificial intelligence tools.
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a Chinese company beat McDonald’s
Mixue Ice Cream and Tea is now the world’s largest fast food chain, closing last year with 45,000 stores across China and 11 other countries, more than doubling its locations in just three years. A key driver of its success is affordability, with ice cream and sugary drinks priced at under $1 (Rs 87.21)
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neuralink will help blind people see again within the next year
Elon Musk announces Neuralink’s progress on vision-restoring brain implants, aiming to help blind individuals.
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Wall Street up on Trump trade comments
U.S. markets ended higher as investors evaluated Trump’s trade comments and positive bank earnings eased credit concerns.
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Global Debt Hits Record $324 Trillion
Global debt has hit a new high of $324 trillion, driven by economic challenges and rising liabilities, especially in China, France, and Germany. Emerging markets face record repayment obligations in 2025.
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McDonald's sales improved last quarter
McDonald’s Q2 results were boosted by the record-breaking Minecraft Movie Meal promotion, strong global sales, and continued digital expansion.
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European hotels to sue Booking.com
Almost 10,000 European hotels are taking collective legal action against Booking.com over alleged inflated costs from parity clauses.
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Porsche SE faces a steep decline in profits
Porsche SE faces a steep decline in profits and trims its 2025 forecasts. To counterbalance, the holding company is diversifying into the defence sector.
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TikTok is restoring service, thanks Trump
TikTok began restoring its services on Sunday after Donald Trump announced he would reinstate access to the app in the United States once he returns to power on Monday.
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apple loses over 50B in market value
Apple’s iPhone 17 unveiling failed to excite investors, leading to a $50 billion market cap drop.
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Foreign travelers soon to pay 'visa integrity fee'
The U.S. introduces a $250 “visa integrity fee” starting Oct. 1, raising total visa costs to over $400 for travelers from countries like Mexico, China, and Brazil. Tourism experts warn of reduced travel volumes.
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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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Schiff Calls For Insider Trading Investigation into Trump
Senator Adam Schiff called for a congressional investigation into whether President Donald Trump engaged in insider trading or market manipulation following his decision to pause a set of tariffs, which caused stock prices to surge.
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blackrock's assets have hit an all time high of 11.5 trillion
BlackRock's assets under management soared to a record $11.48 trillion in the third quarter, driven by a strong U.S. stock market rally and substantial investor inflows.
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Perplexity AI Offers $34.5 Billion for Google’s Chrome
Perplexity AI has made a bold $34.5 billion bid for Google’s Chrome browser following a DOJ antitrust ruling.
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Bank of Canada cuts interest rate
The Bank of Canada cut its key rate to 2.25%, signaling the end of its easing cycle amid U.S. trade tensions and slowing growth.
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Discord “in talks” to become a public traded company
Discord the chat platform with over 200 million monthly active users is in the early stages of exploring an initial public offering (IPO), according to The New York Times. Discussions with investment bankers are still preliminary.
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The founder of DeepSeek has now become a billionaire.
Liang Wenfeng, born in 1985 in Zhanjiang, southern China, is a pioneer in artificial intelligence. Raised in a family of teachers, he studied at Zhejiang University, earning a degree in electronic engineering in 2006 and a master’s in information engineering in 2010.
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