US Politics & Business News
Three weeks after Iranian missile and drone strikes forced the closure of Qatari airspace and grounded virtually the entire Qatar Airways fleet, the airline is attempting a partial return to operations this week, beginning with a limited scheduled service to dozens of destinations that started on March 18 and runs through to March 28. It…
Palantir continues to rely on Anthropic’s Claude artificial intelligence models despite the Pentagon designating the startup a supply-chain risk during an escalating dispute involving defense technology providers. Chief executive Alex Karp confirmed that Palantir’s software systems remain integrated with Anthropic’s tools while government agencies determine how to respond to the recent classification by the Department…
Prediction market operator Polymarket has entered a partnership with analytics technology provider Palantir Technologies to develop monitoring systems designed to track trading activity across sports-related prediction markets. The collaboration aims to deploy advanced analytical tools capable of identifying irregular market movements and suspicious trading patterns as the prediction platform expands its presence in event-based markets….
Blackstone faced renewed scrutiny this week after investors withdrew nearly eight percent from its flagship private credit vehicle, triggering a sharp market reaction and raising broader questions about stability within the fast-growing private lending sector. The asset management giant disclosed in a regulatory filing that investors were allowed to redeem 7.9% of the Blackstone Private…
Jamie Dimon, CEO of JPMorgan Chase, spoke at an investor meeting on Monday about the bank’s plans to redeploy staff as artificial intelligence reshapes roles, while urging society to prepare for broader economic consequences. Dimon explained that the bank is implementing significant internal measures to shift employees into new positions, ensuring displaced staff from automation…
Merrill Lynch Kingdom of Saudi Arabia is set to halt its market-making activities for Saudi Arabian Oil Co from February 8, following approval from the Saudi Exchange. The exchange confirmed the decision in a formal notice, marking a notable shift in trading dynamics for one of the region’s most closely watched stocks. Why Market-Making Matters…
British bank NatWest Group is closing in on a takeover of one of the UK’s largest wealth managers, with a deal for Evelyn Partners reportedly nearing the final stages. The proposed acquisition is expected to value Evelyn at around £2.5 billion, with market sources suggesting an announcement could arrive in the coming days if talks…
Shares of Oracle fell around three percent in premarket trading after the company unveiled plans to raise up to $50 billion while analysts flagged potential large-scale workforce reductions. The technology giant said it intends to generate between $45 billion and $50 billion in gross cash proceeds during 2026 to expand data center capacity for contracted…
Goldman Sachs reported fourth-quarter profit that exceeded expectations, driven by strong equities trading and asset and wealth management. The bank announced earnings of $14.01 per share, compared with a $11.67 per share estimate from LSEG analysts. Revenue reached $13.45 billion, slightly below the $13.79 billion forecast. Profit rose 12% from a year earlier to $4.62…
The Bombardier Global 7500 has a market price of around $73 million, with a range of up to 7,700 nautical miles (14,260 kilometers). The Bombardier Global 7500 is one of the most advanced long-range business jets in the world, known for its combination of luxury, performance, and cutting-edge technology. Since its introduction, the aircraft has…