In a landmark case highlighting concerns over college ranking accuracy, Columbia University has agreed to pay $9 million to settle a class-action lawsuit filed by students accusing the university of submitting false information to improve its standing in the U.S. News & World Report’s prestigious college rankings. The preliminary settlement, now awaiting approval by a […]
In a major development shaping U.S. financial regulatory policy, the Department of Government Efficiency (DOGE) under President Donald Trump is actively pressing the U.S. Securities and Exchange Commission (SEC) to reconsider and relax current Wall Street regulations. Sources familiar with internal discussions reveal DOGE’s focus on loosening Biden-era rules concerning Special Purpose Acquisition Companies (SPACs) […]
Scandinavian Airlines (SAS) has announced a major fleet expansion plan by signing an agreement to purchase up to 55 aircraft from Brazilian manufacturer Embraer, in a deal valued at approximately $4 billion, excluding purchase rights. The firm order includes 45 Embraer E195-E2 jets, with an option to acquire an additional 10 aircraft, SAS CEO Anko […]
In the first half of 2025, Nasdaq IPOs significantly outperformed NYSE listings, fueled by major public offerings and an uptick in special purpose acquisition company (SPAC) activity. According to Dealogic data, Nasdaq raised approximately $21.3 billion from IPOs, more than double the $8.7 billion raised by the NYSE during the same period. Excluding SPACs, traditional […]
Genesis AI, a cutting-edge robotics startup, has officially emerged from stealth mode, securing a massive $105 million seed funding round co-led by Eclipse Ventures and Khosla Ventures. The company aims to build a foundational AI model designed to power a wide array of robots, enabling automation of repetitive tasks spanning from laboratory work to household […]
Amazon is rapidly expanding its use of automation, with the number of Amazon warehouse robots nearing the size of its human workforce, according to a recent report by The Wall Street Journal. The e-commerce giant has deployed over 1 million robots across its global warehouse network, signaling a significant shift toward robotic automation in logistics. […]
Since the US government imposed a 25% tariff hike on new vehicle and component imports earlier in 2025, global automakers—including American giants GM and Ford—have rapidly adjusted their strategies to safeguard their positions in the world’s second-largest auto market. The sudden tariff increase, coupled with declining market shares in China, has forced manufacturers worldwide to […]
Morgan Stanley predicts that the Brent crude price will decline to approximately $60 per barrel by early next year, driven by ample oil supply and a reduction in geopolitical risks following recent de-escalation between Israel and Iran. This outlook was detailed in a note released by the investment bank on June 30, 2025. According to […]
Elon Musk’s AI company, xAI, has successfully raised $10 billion through a combination of debt and equity financing, Morgan Stanley confirmed on Monday. This significant funding milestone highlights xAI’s rapid growth in the competitive AI development sector. According to a statement on X (formerly Twitter) by Morgan Stanley, the funding includes $5 billion in debt […]
Warner Music Group and private equity giant Bain Capital announced a new joint venture on Tuesday, aiming to invest up to $1.2 billion in acquiring music catalogs. This strategic partnership highlights growing interest and investment in the lucrative music rights market. The collaboration between Warner Music and Bain Capital is set to accelerate acquisitions of […]
