Business News - The Last 24 Hours

Perplexity CEO Aravind Srinivas's Big Advice To Entrepreneurs: "Sleep With Fear That..."
NDTV - 40 min 11 sec ago
If you are a young entrepreneur with a big idea, expect that billion-dollar companies would try to steal it, said Perplexity CEO Aravind Srinivas.

CNBC - Jensen Huang's deft handling of U.S.-China tensions cements status as more than a CEO - 16 hours 44 min ago

COMMENTARY:

Indiatimes - Perplexity CEO Aravind Srinivas warns tech founders: ‘Big Tech will copy anything that’s good’ - 2 hours 28 min ago

BusinessInsider - Robinhood CEO says the majority of the company's new code is written by AI, with 'close to 100%' adoption from engineers - 2 hours 29 min ago

The Straits Times - Scale AI to cut 14% of staff after Meta investment, CEO departure - 13 hours 22 sec ago

The Guardian - Diageo CEO steps down after drink firm’s lacklustre performance - 23 hours 50 min ago

69% Americans Believe Government Hiding Trump-Epstein Details: Report
NDTV - 58 min 50 sec ago
Most Americans think President Donald Trump's administration is hiding information about accused sex-trafficker Jeffrey Epstein and give it poor marks on the issue after pledging to make public documents in the case, a Reuters/Ipsos poll found.

NDTV - "Where Is Phase 2": Musk Stirs Epstein Pot Again After Trump Fires Prosecutor - 2 hours 38 min ago

BBC - Patience thins among MAGA loyalists for Trump to meet demands on Epstein - 2 hours 46 min ago

Deutsche Welle - US: Trump revokes funds for California's high-speed rail - 8 hours 19 min ago

Reuters - Trump rescinds $4 billion in US funding for California High-Speed Rail project - Reuters - 9 hours 6 min ago

FOX Business - Trump admin pulls plug on $4B for California's 'train to nowhere' project - 9 hours 43 min ago

Bloomberg - Hassett Grabs Pole Position in Race to Be Trump’s New Fed Chair - Bloomberg.com - 21 hours 14 min ago

COMMENTARY:

BusinessInsider - Student-loan borrowers are at high risk if Trump dismantles the Department of Education, 11 organizations told Elizabeth Warren - 1 hour 16 min ago

The Guardian - First Thing: Trump calls Epstein rumors a ‘radical left’ hoax and condemns Maga ‘weaklings’ - 1 hour 33 min ago

New York Times - They Grew Up on Mexican Coke. Trump’s Cane Sugar Plan Makes Them Uneasy. - 1 hour 39 min ago

The Independent - Trump faces backlash from own supporters as poll reveals anger over Epstein files - 1 hour 47 min ago

Indiatimes - Trump faces backlash as 69% believe Epstein details concealed - 1 hour 53 min ago

Russia Today - NATO state urges Trump to sanction Russia immediately - 3 hours 56 min ago

Sydney Morning Herald - Trump lashes out over Epstein files - 5 hours 18 min ago

The Straits Times - Markets rattled by ‘credible threat’ of Trump trying to fire Fed chief Powell - 12 hours 29 min ago

SCMP - Trump says Beijing making ‘big steps’ in controlling fentanyl - 15 hours 29 min ago

New York Post - Trump fortune could get nearly $100M boost as restriction to sell his meme coins are lifted: report - 18 hours 37 min ago

"Offering All Possible Assistance In Nimisha Priya Case": India
NDTV - 1 hour 6 min ago
India is offering all possible help to the family of Nimisha Priya as she remains on the death row in Yemen for killing her husband, a Yemeni citizen.

BBC - Sloppy England beaten by India in first ODI - 16 hours 20 min ago

NDTV - How Can India Resolve Its Stray Dog Crisis? Lessons From Netherlands - 21 hours 23 min ago

COMMENTARY:

Indiatimes - China backs Russia's initiative to revive Russia-India-China troika - 1 hour 18 min ago

The Hindu - India can secure oil even if Russian imports sanctioned, says Oil Minister Puri - 4 hours 28 min ago

How The Largest Black Hole Merger In History Challenges Its Physics
NDTV - 2 hours 49 min ago
Astronomers have detected the largest black hole merger ever, and it has challenged their understanding of such formations.

RELATED:

Reuters - Breakingviews - Meta’s buy-and-build AI merger lacks synergy - Reuters - 18 hours 32 min ago

UK's Unemployment Rate Rises To Nearly A Four-Year High
NDTV - 2 hours 52 min ago
Britain's unemployment rate climbed to 4.7 percent in the three months to the end of May, the highest level since June 2021. That compared with 4.6 percent in the February-April period.

COMMENTARY:

The Guardian - The rise in unemployment shows the UK jobs market is cooling, but it is not collapsing - 2 hours 51 min ago

SCMP - Hong Kong’s unemployment rate remains at 30-month high of 3.5% - 3 hours 11 min ago

Olga Kharlan: Ukraine's most successful Olympian worries for fencing's Olympic future
Deutsche Welle - 3 hours 5 min ago
Six-time Olympic medalist Olga Kharlan has hit out at recent decisions on Russian fencers, telling DW that she will "never shake hands with them."

RELATED:

Reuters - Trump promised Patriots for Ukraine. Now Europe has to provide them - Reuters - 14 hours 29 min ago

NDTV - Ukraine's Wartime Reshuffle: What We Know - 17 hours 11 min ago

Deutsche Welle - Did 'Agent Melania' change Donald Trump's mind on Ukraine? - 20 hours 44 min ago

COMMENTARY:

The Independent - What are Patriot missiles and why does Ukraine need them? - 1 hour 42 min ago

Indiatimes - President Zelenskyy shakes up Ukrainian Cabinet, appointing new prime minister to reinvigorate war effort - 2 hours 59 min ago

BusinessInsider - Inside the horrifying business of returning Ukraine's dead soldiers - 4 hours 4 min ago

The Guardian - Preparations to deliver Patriot missile systems to Ukraine under way, Nato’s top Europe commander says – Europe live - 4 hours 28 min ago

Russia Today - Trump arms Ukraine. Russia doesn’t care - 18 hours 24 min ago

Walmart Cuts Hundreds Of Store-Support, Training Jobs To Simplify Structure
NDTV - 3 hours 8 min ago
The company is eliminating the market coordinator job that supports some managers, according to a memo viewed by Bloomberg News.

COMMENTARY:

The Guardian - Rise in UK unemployment and slowing wage growth add new pressure for interest rate cut - 5 hours 45 min ago

Indiatimes - Walmart layoffs 2025: US retail giant is cutting hundreds of store-support roles - 10 hours 37 min ago

US Markets Rattled Amid Trump's Firing Federal Chief Confusion
NDTV - 3 hours 51 min ago
President Donald Trump sent the US stock market on a jagged round trip Wednesday after saying he had "talked about the concept of firing" the head of the Federal Reserve.

RELATED:

FOX Business - Trump asks House Republicans if he should fire Fed Chair Jerome Powell, sources say - 20 hours 7 min ago

COMMENTARY:

The Guardian - Trump privately indicates he may soon fire Fed chair Jerome Powell - 19 hours 28 min ago

BusinessInsider - Markets swing after Trump backs away from reports that he's ready to fire Fed Chair Powell - 20 hours 4 min ago

Indiatimes - Trump will likely fire Fed's Jerome Powell soon: Report - 20 hours 46 min ago

Sweden's Volvo Cars switches gears in the U.S. as tariffs bite
CNBC - 5 hours 20 min ago
Volvo Cars is widely considered to be one of the most exposed European carmakers to U.S. tariffs.

RELATED:

NDTV - Trump Reaps $50 Billion As World "Chickens Out" On Tariff Retaliation - 5 hours 58 min ago

BBC - Canada curbs steel imports to shield domestic industry from Trump tariffs - 17 hours 1 min ago

FOX Business - From bourbon to Bordeaux: Trump's tariffs spill into global booze markets - 17 hours 16 min ago

CNBC - Expect tariff 'cascade' effect across slowing global economy, top UN official warns - 17 hours 30 min ago

COMMENTARY:

Russia Today - Trump to warn more than 150 nations of new tariffs - 1 hour 48 min ago

The Independent - Trump tariffs hit peaches as Greece fears dent in demand - 2 hours 9 min ago

The Guardian - Jaguar Land Rover axes 500 UK jobs after Trump tariff fallout dents sales - 3 hours 32 min ago

Indiatimes - India seeks lower tariff than Indonesia in race for deal with US - 7 hours 45 min ago

The Straits Times - Singapore key exports surprise with 13% rebound in June amid tariff uncertainty - 11 hours 43 min ago

New York Post - Billionaire GOP donor Ken Langone reverses course on Trump — just months after calling tariffs ‘bulls–t’ - 15 hours 48 min ago

New York Times - The Economy Seems Healthy. Were the Warnings About Tariffs Overblown? - 20 hours 5 min ago

China's premier urges tighter price oversight as deflation pressures squeeze economy
CNBC - 5 hours 55 min ago
Chinese Premier Li Qiang has called for tighter pricing regulation in the electric car sector as Beijing sought to rein in the cut-throat industrial price wars.

COMMENTARY:

SCMP - China’s corruption busters target science sector in research funds crackdown - 6 hours 17 min ago

New York Times - ‘Who Killed Love?’ A Video Game Plays to Male Resentment in China. - 8 hours 17 min ago

The Guardian - Australia news live: Albanese in Chengdu for last leg of China visit; German backpacker leaves hospital after outback ordeal - 15 hours 29 min ago

TSMC's second-quarter profit soars nearly 61%, beating estimates as AI chip demand stays strong
CNBC - 6 hours 24 min ago
Taiwan Semiconductor Manufacturing Company reported a near 61% year-on-year rise in second-quarter profit on strong AI chips demand.

RELATED:

Bloomberg - TSMC Profit Surges Again After AI Drives Big Jump in Sales - Bloomberg - 6 hours 42 min ago

COMMENTARY:

The Straits Times - TSMC raises 2025 outlook in big boost for AI demand hopes - 3 hours 27 min ago

Indiatimes - TSMC reports record profits as AI boom fuels chip demand; Stock expected to open at all-time high - 3 hours 34 min ago

In US Trade Deal Race, India Seeks Lower Tariff Than Indonesia: Report
NDTV - 7 hours 34 min ago
Indian officials are hoping to secure a trade deal with US President Donald Trump at a lower tariff rate than he'd agreed with Indonesia as New Delhi races to meet an August 1 deadline.

RELATED:

NDTV - "Going To Have Access To India": Trump's Big Hint On Trade Deal - 21 hours 19 min ago

COMMENTARY:

Indiatimes - Trade deal cliffhanger keeps businesses on edge - 4 hours 11 min ago

Japan’s exports fall for second straight month with no U.S. trade deal in sight, raising recession fears
CNBC - 12 hours 6 min ago
The decrease in exports was a reversal of the 0.5% rise expected by economists polled by Reuters, and comes amid a lack of a breakthrough in trade talks with the U.S.

OpenAI lists Google as cloud partner amid growing demand for computing capacity - Reuters
Reuters - 13 hours 7 min ago
OpenAI lists Google as cloud partner amid growing demand for computing capacity Reuters

RELATED:

CNBC - OpenAI says it will use Google's cloud for ChatGPT - 16 hours 34 min ago

COMMENTARY:

Indiatimes - ‘Just ridiculous,’ says Google Brain founder on hype about AI taking away all jobs, shares tips how anyone can become powerful - 2 hours 7 min ago

BusinessInsider - Perplexity's CEO takes a shot at Google's AI dilemma: 'They need to embrace one path and suffer' - 3 hours 40 min ago

The Hindu - OpenAI lists Google as cloud partner amid growing demand for computing capacity - 7 hours 20 min ago

Coinbase steps into consumer market with stablecoin-powered 'everything app' that goes beyond trading
CNBC - 13 hours 16 min ago
Coinbase is looking to reach a new subset of consumers who aren't necessarily interested in buying or trading crypto, the company's core business.

COMMENTARY:

Indiatimes - Kumar Chander to take over as CEO of Consumer Care and Lighting, current MD Vineet Agrawal to retire next year - 2 hours 44 min ago

What happens if Trump fires Fed Chair Powell: 'This would be a mess,' analysts warn
CNBC - 13 hours 57 min ago
Former deputy Treasury Secretary Roger Altman said he did not think Jerome Powell would agree to leave if the president asked him to.

COMMENTARY:

New York Times - Trump Has Penned Letter To Fire Fed Chair Jerome Powell - 19 hours 34 min ago

New York Post - President Trump told top GOP lawmakers he will likely fire Fed Chair Jerome Powell: sources - 20 hours 18 min ago

Ex-UK National Crime Agency officer jailed for stealing bitcoin from dark web drug dealer - Reuters
Reuters - 14 hours 10 min ago
Ex-UK National Crime Agency officer jailed for stealing bitcoin from dark web drug dealer Reuters

COMMENTARY:

Indiatimes - Crisis-driven rally? Bitcoin and Gold soar as inflation looms and political heat rises - 15 hours 54 min ago

The Guardian - National Crime Agency officer jailed for stealing £4.4m worth of seized bitcoin - 17 hours 27 sec ago

More than 67,000 cases of deodorant sold at Walmart, Dollar Tree and on Amazon recalled
FOX Business - 14 hours 21 min ago
A recall is underway for tens of thousands of cases of Power Stick antiperspirant deodorant, according to the Food and Drug Administration.

COMMENTARY:

New York Post - More than 67,000 cases of deodorant sold at Walmart, Dollar Tree and on Amazon recalled - 2 hours 33 min ago

BusinessInsider - The ex-Amazon employee who's helped nearly 4,000 laid-off workers score jobs - 3 hours 21 sec ago

United Airlines issues new 2025 forecast as CEO says 'world is less uncertain'
CNBC - 15 hours 54 min ago
United Airlines is the second of the major U.S. carriers to report results.

COMMENTARY:

New York Post - United Airlines warns profit still suffering from Newark chaos — but travel demand picking up - 12 hours 38 min ago

The Independent - Passengers reach settlement in $1 billion lawsuit over Alaska Airlines flight where door plug blew out at 16,000 feet - 17 hours 59 min ago

Passengers settle massive lawsuit with Alaska Airlines and Boeing after midflight door plug failure
FOX Business - 16 hours 37 min ago
Alaska Airlines and Boeing reached an undisclosed settlement with passengers who sued for emotional and physical injuries after a door plug incident on a January 2024 flight.

MoD offered to speed up resettlement case of Afghan who posted data breach names on Facebook
BBC - 17 hours 30 min ago
The BBC understands the individual, an Afghan national, is now living in the UK.

COMMENTARY:

Indiatimes - From Chicago, with love: American woman weds Pakistani villager after Facebook romance - 2 hours 18 min ago

Tesla's change in bylaws to limit shareholder lawsuits slammed by New York state officials
CNBC - 17 hours 43 min ago
New York state officials are pressing Tesla to repeal a company bylaw that limited investors' rights to sue the EV maker over breaches of fiduciary duty.

Goldman Sachs tops estimates as traders generate $840 million more revenue than expected
CNBC - 20 hours 27 min ago
Trading desks across Wall Street have benefited as President Donald Trump's tariff policies have roiled markets for bonds, currencies, commodities and stocks.

COMMENTARY:

BusinessInsider - Goldman's CEO is finding his groove after years of challenges. Here are 4 reasons David Solomon is optimistic. - 17 hours 21 min ago

Indiatimes - US stock market today: Dow surges 742 points, S&P 500 and Nasdaq Slip; Nvidia, Goldman Sachs, J&J power Wall Street rally - 21 hours 11 min ago

New York Times - Goldman Sachs Sets Series of Records on Tariff Swings - 22 hours 28 min ago

Microsoft, US National Lab To Use AI To Speed Up Nuclear Plant Licensing
NDTV - 21 hours 53 min ago
Microsoft and a US national laboratory on Wednesday said they are partnering to examine how artificial intelligence could be used to speed up the process of compiling the documents needed to secure permits for new nuclear power plants.

COMMENTARY:

BusinessInsider - I'm the ex-VP of HR at Microsoft. The tech job market feels bleak, but here are 3 reasons not to panic. - 3 hours 10 min ago

Faisal Islam: Inflation complicates next month's interest rate decision
BBC - 22 hours 35 min ago
Higher inflation could give the Bank of England pause for thought over cutting interest rates.

COMMENTARY:

AllAfrica - Nigeria: Nigeria's Inflation Eases Again to 22.22 - 7 hours 4 min ago

Indiatimes - 10 States, UTs outpace national inflation in Q1 - 17 hours 31 min ago

Co-op boss confirms all 6.5 million members had data stolen in cyber-attack
BBC - 23 hours 7 min ago
In her first interview since the attack, Co-op's chief executive said she was "incredibly sorry" to customers.

COMMENTARY:

Indiatimes - How AI agent Big Sleep became Google’s secret cyber watchdog - 22 hours 48 min ago