Business

Ferrari’s First EV Sells for $40 Million at Charity Auction, Shattering Records

A one-of-a-kind version of Ferrari’s first fully electric vehicle just fetched $40 million at a charity auction, brushing aside months of market doubt and setting a new record for a car sold new at auction. The sale took place through Sotheby’s during Monterey Car Week in California, where the “Tailor Made” Luce was billed as…

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Your Next iPhone Could Cost More, Warns Apple CEO Tim Cook

Tim Cook has warned that increasing component and manufacturing expenses could eventually affect the pricing of future Apple products. The comments come as technology companies worldwide continue facing higher costs for semiconductors, advanced displays, batteries, and other critical hardware components. The development has sparked discussion among consumers and industry analysts about the future pricing of…

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Why the Iran War Could Trigger the Biggest Oil Disruption in Decades

The ongoing conflict involving Iran has triggered one of the most significant energy disruptions in modern history, placing global oil markets under intense pressure. The crisis has focused attention on the strategic importance of the Strait of Hormuz, a critical waterway through which roughly one-fifth of the world’s oil and large volumes of liquefied natural…

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Fox Makes Bold $22 Billion Move to Take Over Roku

Fox Corporation has announced plans to acquire Roku in a deal valued at approximately $22 billion, marking one of the most significant media and technology transactions of the year. The acquisition reflects Fox’s growing focus on digital distribution, connected television, and long-term streaming growth. A Major Shift in the Streaming Landscape The proposed transaction has…

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Japan Ends Era of Ultra-Low Rates With Landmark 1% Decision

The Bank of Japan has raised its benchmark interest rate to 1%, marking one of the most significant monetary policy shifts in recent years. The decision reflects changing economic conditions and signals a new phase in Japan’s approach to managing inflation and economic growth. Financial markets around the world are closely monitoring the implications of…

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Google Announces Job Cuts in Cloud and Cybersecurity Teams

Google has reportedly reduced staff in its cloud computing and cybersecurity divisions as part of a broader internal restructuring effort aimed at improving operational efficiency and aligning resources with long-term priorities. The move reflects ongoing adjustments across major technology companies as they balance growth, cost control, and shifting market demands. Why Cloud and Security Matter…

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S&P 500 Snubs SpaceX in Surprise Decision

SpaceX has reportedly been denied early entry into the S&P 500 index, despite growing expectations among investors that the company could soon join the benchmark list of leading U.S. corporations. The decision highlights the strict requirements and timing considerations involved in inclusion in one of the world’s most closely watched stock indexes. Why S&P 500…

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