Former tennis star James Blake helped launch a pickleball team with a $100,000 investment; two years later, co-owner Marc Lasry estimated the franchise could be worth millionsJames Blake and Marc Lasry's foray into Major League Pickleball started with a $100,000 investment in 2021. Over the last two years, their ...
Gold, silver boom puts US bank trading revenues on track for record $5 billionIn the first half of 2026, the precious metals desks at major banks achieved significant earnings due to high demand. JPMorgan Chase report...
US bull market nears fourth anniversary, but narrow rally raises risksThe ongoing US stock bull market is nearing its fourth anniversary with strong corporate earnings and low volatility. Investor concerns are...
Govt withdraws key bank tax benefit on gold, silver and platinum importsThe Indian government did not extend a tax benefit for banks on imports of gold and other precious metals and they have been paying a 3% in...
IRDAI may roll out insurance commission caps from January, overhaul distribution rulesIndia's insurance regulator is planning significant reforms to the insurance distribution system, aiming for implementation soon. Proposed ...
Global Market Today: Asian stocks drop on tech jitters, oil edges lowerThe MSCI Asia Pacific equities index edged 0.1% lower early Friday. Japan’s Nikkei fell over 1%, with Softbank Group Corp. declining more t...
F-35 parts were sent from Australia to Hong Kong: How a shipping error put sensitive US stealth technology near ChinaA shipment containing sensitive F-35 components was mistakenly routed through Hong Kong due to a communication failure. The parts were init...
US President Donald Trump buys $1 million-plus stakes in Meta, Microsoft, McDonald’s; adds SpaceX debtDonald Trump invested over $1 million in stocks of several major companies during August. Notable purchases included Meta Platforms, McDona...
Turkey draws red line under Mecca pact, rules out sending troops to attack Houthis in YemenTurkey will assist Saudi Arabia defensively against Houthi attacks, as confirmed by Foreign Minister Hakan Fidan. The assistance focuses on...
Tencent mulls $5 billion bond sale to push AI ambitions: Bloomberg NewsTencent is exploring the possibility of raising as much as $5 billion through an offshore bond sale this month. This potential move comes o...
Apple doorbell, Apple security camera, Apple lock: 7 smart home devices expected to be unveiled through LG collaboration on October 13Apple smart home hub devices launch: Apple is preparing to roll out seven new smart home products built together with LG Electronics, cover...
Ships take long way around as drought snarls Panama CanalThe month of August and September witnessed an impressive 70% rise in maritime traffic transiting the Strait of Magellan. This surge is pri...
Ambani’s Jio said to seek about Rs 11 lakh crore valuation in IPOJio Platforms is reportedly seeking a valuation of around Rs 11 lakh crore for its planned IPO, below earlier estimates of up to $170 billi...
DeepSeek to raise at least $12 billion in Tencent-backed fundingChinese AI startup DeepSeek is close to securing at least 80 billion yuan ($11.93 billion) in its latest round of funding, Bloomberg News r...
Google, Constellation near deal for nuclear powerGoogle's parent Alphabet is nearing a multi-year deal to buy nuclear energy from Constellation Energy for $1 billion or more, Bloomberg New...
The only billionaires making money this year are in techThe roughly 100 technology fortunes among the world’s 500 richest people gained a combined $845 billion through Sept. 30, the most ever for...
Former Anthropic researcher Jacob Coxon to testify at New York City AI hearingFormer Anthropic researcher Jacob Coxon will testify at a New York City hearing on artificial intelligence, Bloomberg News reported on Sund...