business news
Trump orders Chinese-controlled firm to unwind chip asset deal, citing national security risks
File: President Donald Trump looks on after signing an executive order in the Oval Office of the White House on April 9, 2025. Saul Loeb | Afp | Getty Images A company controlled by a Chinese national was ordered by U.S. President Donald Trump on Friday to unwind a $2.9 million acquisition of chip assets […]
Read More
Air India pilot removed from plane under influence of alcohol; Canada seeks investigation
Canada’s transport regulator has asked Air India to investigate an incident of a pilot who was removed from a plane before it was due to take off and found to be under the influence of alcohol, a person familiar with the matter said. Two breathalyser tests conducted by Canadian police at Vancouver International Airport showed […]
Read More
Scrutiny turns to safety set-up of Swiss bar after deadly blaze
Scrutiny is intensifying over the safety arrangements at a Swiss bar that burst into flames during a New Year’s Eve party, killing at least 40, as prosecutors said the blaze likely began when sparkling candles were held too close to a ceiling. Witnesses reported seeing staff at the Le Constellation bar carrying so-called fountain candles […]
Read More
Yemen’s southern separatists call for path to independence amid fighting over key region
Yemenis members of the Sabahiha tribes of Lahj, who live along the strip between the south and north of the country and who support the UAE-backed Southern Transitional Council (STC), hold an image of the STC leader Aidaros Alzubidi as they wave the old South Yemen flag, during a rally in Khormaksar Square, in the […]
Read More
Military-backed party in Myanmar takes lead in first phase of polls
People walk past campaign posters for the second round of the general election in downtown on December 29, 2025 in Yangon, Myanmar. Lauren Decicca | Getty Images News | Getty Images Myanmar’s military-backed Union Solidarity and Development Party is leading after the first phase of a contentious general election, early results cited by state media showed, […]
Read More
Berkshire Hathaway shares dip as Warren Buffett exits and Greg Abel era begins
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC Berkshire Hathaway shares slipped Friday as investors digested the formal end of Warren Buffett’s six-decade tenure as chief executive and the start of a new era under successor Greg Abel. Class […]
Read More
SpaceX stock debut is the big market event of 2026. Why Musk’s venture could be biggest IPO ever
As billionaire entrepreneur Elon Musk readies to take SpaceX to the public market, investors are awaiting the chance to get in on what is expected to be the biggest IPO on record. Musk said late last month that reports of the space technology company’s plans to go public this year were “accurate.” Multiple outlets reported […]
Read More
Ken Griffin’s flagship hedge fund at Citadel rises 10.2% in volatile 2025
Key Points Citadel’s flagship multistrategy Wellington fund, its largest, gained 10.2% in 2025, according to a person familiar with the firm’s returns. The firm’s tactical trading fund, which combines equities with quantitative strategies, advanced 18.6% in 2025, the person said. Source
Read More
Stocks making the biggest moves midday: Vertiv, Baidu, Warby Parker, RH & more
Check out the companies making the biggest moves midday: Vertiv — Shares popped 8% after Barclays upgraded the data center infrastructure provider to an overweight rating from equal weight. The bank said recent volatility has created an attractive entry point, and believes that upside potential to earnings estimates will drive further outperformance. Sable Offshore — […]
Read More
Ilya Lichtenstein, Bitcoin hacker behind massive crypto theft, credits Trump for early prison release
The Russian-U.S. national who hacked crypto exchange Bitfinex and stole nearly 120,000 bitcoin said he has been freed from prison early thanks to the bipartisan prison-reform law signed by President Donald Trump. Ilya Lichtenstein, 38, had been sentenced in November 2024 to five years in prison after pleading guilty to a money laundering conspiracy charge […]
Read More