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Trump Accounts Link Financial Policy to America’s 250th Anniversary 07/05/2026

506 people die from Ebola in the Democratic Republic of the Congo 07/06/2026

JPMorgan Recalibrates Gold Outlook as Rate Risks Return 07/05/2026

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Business & Finance

US Investors Of ByteDance Plans To Use Their Stakes To Fund TikTok Bid: Reports

Negotiations are being held by investors of the Chinese technology firm ByteDance to use their stakes in the company for aiding in funding of their bid for acquisition of the United State operations of ByteDance owned popular short-video app TikTok, claimed reports quoting sources with knowledge of...

J&J To Acquire Autoimmune Disease Specialist Momenta For $6.5 Billion

Johnson & Johnson (J&J) is aiming to further augment its portfolio of autoimmune disease treatments as the pharma giant has agreed to acquire Momenta Pharmaceuticals Inc in an all cash deal worth $6.5 billion, J&J said on Wednesday. Momenta's experimental therapy, nipocalimab,...

S&P 500 hits record high with tech stocks rally

The S&P 500 hit new highs on Tuesday with a rally in tech stocks, while the rest of the US stock market was subdued. The broader market index has traded near record highs for more than a week and nevertheless reached its first record close since February on Tuesday. The S&P 500 began trading...

Walmart Beats Expectations On Profit With Record Growth In Online Sale Amid Pandemic

The second quarter of the current year saw retailer Walmart Inc reporting its highest ever growth in online sales as consumers used the stimulus checks offered by the United States government to order everything online - from electronics to groceries from their home as they remained inside...

Oracle Also Wants To Purchase US Operations Of TikTok

After the tech giant Microsoft, another United States based tech giant Oracle has also joined the race to purchase the Chinese short video sharing app TikTok which has been threatened to be banned by US president Donald Trump unless its Chinese owner ByteDance divests the app to an American company...

Citigroup mistakenly paid Revlon's creditors about $ 900M

American bank Citigroup Inc mistakenly paid about $ 900 million to creditors of Revlon Inc and is now asking them to return the money, writes The Wall Street Journal, citing knowledgeable sources. Lenders filed a lawsuit against Revlon in connection with the company's tactics regarding debt...

Facebook Clobbers Apple Over The iPhone Maker’s Refusal Of Commission Waiver

With developers challenging the commission policy of Apple for listing of apps on iOS devices, social media giant Facebook Inc also took a dig at the iPhone maker saying that its requests for waiving off a 30 per cent fee for listing its app was declined by its US tech peer. This latest...

ByteDance Must Sell Off US Tiktok In 90 Days, Orders Trump

The Chinese company ByteDance was ordered by the United States President Donald Trump on Friday to sell off its interest in the video-sharing app TikTok's operations in the United States within a period of 90 days. "There is credible evidence that leads me to believe that ByteDance ......

New Import Hurdles In India Hit Chinese Firms: Reports

With the deterioration in the business environment between India and China following the clash on Himalayan border between the Indian and Chinese army, reports are now emerging of delays in clearance and approvals from India’s quality control agency for their goods is being faced by Chinese...

US bond yields hit the highest value in a month

Many investors chose to get rid of long-term US government bonds, which is why their yield reached its maximum values in more than a month. The yield on long-term US government bonds reached its highest level in more than a month, according to The Wall Street Journal. The yield on 10-year bonds...