Category: business
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Circle Reports Strong Q3 Revenue Growth Driven by USDC Stablecoin Expansion
Circle (CRCL.N) announced a significant increase in its third-quarter revenue, fueled by rising reserve income from its flagship USD Coin (USDC) stablecoin, as global demand for digital currencies backed by low-risk assets continues to grow. USDC Circulation Surges Circle reported that the circulation of USDC, a stablecoin pegged to the U.S. dollar, more than doubled
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U.S. Warns Airlines of Potential 20% Flight Reductions Amid Government Shutdown
FAA Orders Flight Reductions Amid Ongoing Shutdown The Federal Aviation Administration (FAA) instructed U.S. airlines to cut 4% of flights on Friday at 40 major airports due to a prolonged government shutdown, affecting thousands of passengers. The reductions are set to rise to 10% by November 14, and U.S. Transportation Secretary Sean Duffy warned cuts
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Big Tech Could Get Relief as EU Considers Easing AI Regulations
EU Weighs Easing Landmark AI Regulations Apple (AAPL.O), Meta Platforms (META.O), and other major tech companies may receive regulatory relief as the European Commission reviews sections of its landmark Artificial Intelligence Act. The potential easing comes amid lobbying by tech firms and criticism from the U.S. government over the law, which applies risk-based rules to
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Berkshire Hathaway Warns of AI Deepfakes Impersonating Warren Buffett
Warren Buffett Targeted by AI Deepfakes Berkshire Hathaway (BRKa.N) has issued a warning regarding AI-generated videos and voice impersonations of its longtime CEO Warren Buffett, circulating on platforms like YouTube. The videos falsely depict Buffett giving investment advice he never provided, raising concerns about misinformation and fraud. The company emphasized that there is only one
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Meta Plans $600 Billion U.S. Investment to Expand AI Data Centers
Meta Commits $600 Billion for AI Infrastructure and Jobs Meta Platforms (META.O) announced plans to invest $600 billion in U.S. infrastructure and jobs over the next three years, focusing heavily on artificial intelligence data centers. This expansion supports the company’s aggressive AI strategy, which aims to develop superintelligence, a milestone where machines could outperform human
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Banks Lend $18 Billion for Oracle-Linked Data Center Project in New Mexico
$18 Billion Loan to Fund Oracle-Tied Data Center A consortium of approximately 20 global banks is providing a project finance loan of $18 billion to support the construction of a major data center campus in New Mexico linked to Oracle. The project is part of a broader initiative to expand AI infrastructure in the United
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Nvidia CEO Jensen Huang Sees Robust Demand for Blackwell Chips Amid AI Boom
Nvidia Reports “Very Strong Demand” for Blackwell Chips Nvidia (NVDA) CEO Jensen Huang announced that the company is experiencing exceptionally strong demand for its next-generation Blackwell GPUs and CPUs, signaling continued growth in the AI and high-performance computing markets. Speaking at an event hosted by long-term partner Taiwan Semiconductor Manufacturing Co (TSMC) in Hsinchu, Taiwan,
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Major U.S. Air Traffic Staffing Shortages Disrupt Thousands of Flights Amid Government Shutdown
Air Traffic Control Shortages Cause Widespread Flight Delays Major air traffic control staffing shortages in the United States led to significant flight disruptions on Saturday, impacting thousands of travelers and raising concerns among airline officials. The Federal Aviation Administration (FAA) reported staffing issues at 42 airport towers and control centers, affecting at least 12 major
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Visa and Mastercard Near Settlement with Merchants, Potentially Lowering Fees
Visa and Mastercard to Lower Merchant Fees U.S. payment giants Visa (V.N) and Mastercard (MA.N) are reportedly close to reaching a settlement with merchants that would reduce the fees merchants pay for credit and debit card transactions. According to the Wall Street Journal, the agreement would also give merchants more flexibility in choosing which cards
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Swiss Business Leaders’ Visit Eases Tensions on U.S. Trade Tariffs
Switzerland May Win Relief from U.S. Tariffs Switzerland could be nearing a respite from the 39% tariffs imposed by the United States on Swiss imports, according to a report by newspaper Blick. The potential breakthrough comes after a delegation of Swiss business leaders met with U.S. President Donald Trump, helping to thaw trade tensions between
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