Wolfspeed, a U.S. semiconductor supplier to EV makers, plans to file for bankruptcy to reduce its $6.5 billion debt by 70 percent. This move raises concerns about EV supply chains while offering hope for a leaner, competitive future.
With Trump’s return, Europe faces risks of U.S. control over global internet infrastructure. Could the U.S. sever Europe’s digital lifeline? Concerns over digital sovereignty grow as the continent seeks independence from American systems amid geopolitical tensions.
This week, FedEx and Nike earnings, Jerome Powell’s testimony, and new inflation data take center stage. These events could shape market trends, offering insights into corporate health, monetary policy, and economic stability. Investors and analysts brace for impactful updates.
A massive data breach has exposed 16 billion passwords, posing severe risks to millions. Cybersecurity experts urge immediate action, including password updates and two-factor authentication. Protect yourself now from potential identity theft and fraud in this unprecedented cyber crisis.
A billionaire wedding in Venice, Italy, this weekend promises romance and grandeur. Elite planners have crafted an iconic event with historic venues, bespoke details, and a star-studded guest list, setting new standards in luxury event planning.
Crude oil futures rose modestly in early Asian trading on June 22, 2025, defying expectations of a sharper surge. Amid mixed economic signals and supply concerns, cautious optimism prevails in the market, with traders balancing short-term risks and long-term energy trends.
Tesla’s robotaxi service has launched in Austin, Texas, with safety monitors onboard. Early users report a futuristic experience, though minor glitches remain. This pilot could redefine urban mobility, positioning Tesla as a leader in autonomous ride-hailing.
Bitcoin surges past $100,000 as markets downplay U.S. strikes on Iran. While oil and equities remain stable, the crypto’s rebound highlights its growing role as a safe haven. Analysts caution that escalation could impact momentum, but optimism prevails for now.
Oil prices surged and US stock futures dropped after US strikes on Iranian nuclear sites. The escalating tensions raise fears of energy supply disruptions and economic fallout, impacting global markets and investor sentiment.
Fred Smith, founder of FedEx and former Washington NFL team minority owner, has passed away. His legacy in business and sports, from revolutionizing logistics to impactful sponsorships, leaves a lasting mark on both industries.
