News

Inflation Data and Economic Indicators in Focus Investors are bracing for a significant week in the markets, with fresh inflation data, consumer sentiment reports, and housing market updates taking center stage. The February Personal Consumption Expenditures (PCE) index, a key measure of inflation closely monitored by the Federal Reserve, is set…

Business Empire Under Fire Hong Kong’s wealthiest businessman, Li Ka-shing, is facing intense scrutiny following a controversial decision by his company, CK Hutchison Holdings, to sell its Panama Canal port assets. The deal, which involves U.S. investment firm BlackRock Inc., has reportedly upset Chinese authorities. In response, Beijing’s Hong …

Stricter Identity Verification Requirements Introduced The Social Security Administration (SSA) has announced a major shift in its verification process for benefit recipients, raising concerns about accessibility and service disruptions. Under the new policy, individuals applying for Social Security benefits will no longer be able to verify thei…

Stephen J. Gardner Steps Down After Three Years The chief executive of Amtrak CEO, Stephen J. Gardner announced his resignation on Wednesday after leading the passenger rail service for nearly three years. His departure comes at a pivotal time for Amtrak, as the company works to modernize its infrastructure while facing ongoing challenges with i…

A Warm Welcome in Her Ancestral Village As NASA astronaut Sunita Williams prepares to return to Earth, her ancestral village, Jhulasan, in Gujarat’s Mehsana district, is gearing up for a grand celebration. The villagers have planned large-scale festivities, drawing parallels to the joyous atmosphere of Diwali and Holi, to honor her homecoming. W…

PepsiCo’s Strategic Move into Functional Beverages PepsiCo has announced the acquisition of Poppi, a fast-growing prebiotic soda brand, in a deal valued at $1.95 billion. This move strengthens PepsiCo’s position in the thriving functional beverage market. The transaction also includes anticipated cash benefits of $300 million, bringing the net p…

The U.S. stock market has taken a significant hit, losing $5 trillion in value over the last three weeks. The drop comes in response to rising inflation and the Trump administration’s proposed tariffs, leaving many Americans anxious about their investments. Despite the concerns, Trump’s Treasury Secretary Scott Bessent remains unfazed, calling the …

Mixed Outcomes Under New SEC Guidance The U.S. Securities and Exchange Commission (SEC) has introduced new guidance on Shareholder Proposal, but it does not ensure companies will be able to exclude proposals based on claims that they relate to ‘ordinary business operations.’ A preliminary analysis by Governance Intelligence, reviewing approximat…

A New Initiative to Curb Talent Migration A collective of European tech leaders has introduced a major initiative to counter the growing trend of startup talent migrating to the United States. The newly established effort, known as Project Europe, is a 10 million euro ($10.9 million) fund aimed at fostering innovation by supporting young entrepr…

Jackpot Increases After No Winner in Monday’s Drawing  The Powerball jackpot has surged to an impressive $353 million after no tickets matched all six numbers in Monday’s drawing. With no grand prize winner, the jackpot continues to grow, offering an estimated one-time cash payout of $165.7 million for the upcoming drawing on Wednesday. …