Four-Layered System Aims for 2028 Completion The Trump administration has revealed new details about its ambitious Golden Dome missile defense system, a $175 billion project designed to protect the continental U.S., Alaska, and Hawaii from missile threats. According to a classified slide presentation obtained by Reuters, the system will feature four integrated layers: Space-based sensors […]
Asian equities rose Wednesday, with Japan’s Nikkei 225 surpassing 43,000 for the first time, as investors grew increasingly confident the Federal Reserve will cut interest rates in September. Wall Street’s record-setting rally extended into Asia, lifting the MSCI All-Country World Index to an all-time high. Cryptocurrency ether also surged to a near four-year peak, while […]
Global ex-U.S. equity funds attracted their largest monthly inflows in over four and a half years in July, as investors moved capital away from U.S. markets due to economic uncertainty, high stock valuations, and a weakening dollar. According to LSEG Lipper, these funds saw an influx of $13.6 billion—the highest since December 2021—while U.S.-focused equity […]
U.S. consumer prices saw a modest increase in July, with the Consumer Price Index (CPI) rising 0.2%, matching economists’ expectations. However, underlying inflation—driven by rising costs in services like airline fares, healthcare, and dental care—posted its largest gain in six months. The report from the Labor Department’s Bureau of Labor Statistics (BLS) also indicated that […]
U.S. Treasury Secretary Scott Bessent announced on Tuesday that American trade officials will meet again with their Chinese counterparts within the next two to three months. This meeting will focus on the future of the economic relationship between the United States and China. The announcement followed the extension of the current tariff truce for another […]
AI cloud provider CoreWeave smashed quarterly revenue estimates on Tuesday, fueled by skyrocketing demand for its Nvidia-powered computing services. However, surging expansion costs led to a wider-than-expected net loss of $290.5 million, sending shares tumbling 10% in after-hours trading.* The company reported Q2 revenue of $1.21 billion, beating expectations of $1.08 billion, while its contract […]
AI startup Perplexity has made an unsolicited $34.5 billion all-cash offer to acquire Alphabet’s Chrome browser, a bold move aimed at securing its position in the fiercely competitive AI search race. The proposal, which far exceeds Perplexity’s own $14 billion valuation, seeks to capitalize on Chrome’s massive user base of over three billion people.* Perplexity, […]
Sapiens International, an Israeli software company specializing in insurance solutions, announced on Wednesday that it has agreed to be acquired by private equity firm Advent International for $2.5 billion in an all-cash transaction.* Under the terms of the deal, Sapiens shareholders will receive $43.50 per share, representing a 47.5% premium over Tuesday’s closing price of […]
The United States was instrumental in preventing a major crisis between Pakistan and India during their recent hostilities, State Department spokeswoman Tammy Bruce stated on Tuesday. She praised Washington’s decisive diplomatic efforts, which helped steer both nations away from a potentially disastrous conflict. Bruce recalled how top U.S. leaders, including the President and Secretary of […]
ISLAMABAD – The Capital Development Authority (CDA) has finalized F-9 Park as the location for a new cricket stadium in the federal capital. The project aims to bolster sports infrastructure while adhering to environmental regulations. Former Pakistan cricketer Rashid Latif, known for his expertise in sports facility development, has been consulted to advise on the […]
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