Latest Business News
Federal Reserve Implements Third Interest Rate Cut of 2025
The Federal Reserve cut interest rates for the third time this year, signaling a cautious economic outlook amid inflation pickup and a slowing job market. This move aims to support economic growth, though impacts on the jobs market remain modest so far.
Oracle Increases AI and Data Center Spending to $50 Billion
Oracle announced a significant increase in spending on AI and data centers, raising its fiscal year forecast by $15 billion to $50 billion. Despite this heavy investment, revenue growth is lagging, causing investor concern and a 12% stock decline.
Disney Commits $1 Billion Investment to OpenAI Partnership
Disney is investing $1 billion in OpenAI, marking a major alliance between Hollywood and AI technology. This partnership ends previous tensions between AI developers and entertainment industries, positioning Disney prominently in the AI space.
Henrique Braun Named New CEO of Coca-Cola, James Quincey to Executive Chairman
Coca-Cola appointed Henrique Braun, a 30-year company veteran, as the new CEO, with current CEO James Quincey stepping down and becoming executive chairman effective March 31, 2026.
Gemini Titan Gains CFTC Approval for Regulated Prediction Markets
Crypto firm Gemini's affiliate Gemini Titan received approval from the U.S. Commodity Futures Trading Commission to operate as a designated contract market, enabling regulated prediction markets offering yes/no contracts to U.S. customers.
Mexico Raises Tariffs on Over 1,400 Chinese Products
Mexico's Congress approved tariff increases on a wide range of imports from China and countries without free trade agreements, affecting more than 1,400 products as part of trade policy adjustments.
U.S. Farmers Concerned Over Trade Disputes with China Despite Cash Support
Although former President Trump sought to support farmers with direct payments, U.S. agricultural producers remain worried amid ongoing trade tensions with China impacting market stability.
Philippines Trials Transition Credits to Incentivize Coal Reduction
The Philippines is experimenting with a novel carbon credit system called 'transition credits' intended to encourage companies to reduce coal usage and lower climate-impacting emissions.
Netflix's Bid for Warner Brothers Raises Consumer Concerns
Netflix's attempt to acquire Warner Brothers has sparked concern about reduced competition and potential negative effects on consumers in the entertainment market.
European Union Probes Google's Use of Data for AI Training
EU regulators have initiated an antitrust investigation into Google's practice of scraping online content without consent to enhance its AI models, aiming to determine if this violates competition laws.