Business News

Tech Titans Clash: Musk Vs. Zuckerberg Cage Fight Goes Live on 'X'

The much hyped Zukerberg and Musk cage fight will be livestreamed on X, though the date of clash has not been disclosed yet.

Aug 8, 2023

By Anshul Panda

Elon musk Mark zuckerberg

Founder Shares His Thoughts on the Future of Tokenized Real-World Assets (RWAs)

TradFi institutions may accept tokenized RWAs as collateral for loans, allowing crypto-native users to borrow within TradeFi

Aug 7, 2023

By IBT Desk

Saudi Aramco Second Quarter Profit Plunges 38% Output Cuts Fail to Boost Crude Prices

In addition to lower crude prices, weaker refining and chemicals margins also pushed Aramco's profits down.

Aug 7, 2023

By Jacob J

Credit Suisse to Cut 80% of Hong Kong Investment Bank Jobs - Report

Only about 20 bankers will be spared the cuts that will impact Credit Suisse's 100-strong investment banking team in Hong Kong, Reuters reported.

Aug 7, 2023

By Reuters

Berkshire Posts Record Operating Profit of $36 Billion as Rising Rates Boost Buffett's Returns

During the second quarter it sold $8 billion more stocks than it bought and repurchased less of its own stock, and it ended June with a near-record $147.4 billion of cash.

Aug 6, 2023

By Reuters

Wall Street Rises on Amazon Boost, US Jobs Growth Remains Moderate

Nonfarm payrolls in the country increased by 187,000 jobs in July, Labor Department data showed on Friday.

Aug 4, 2023

By Reuters

HashKey Exchange Receives License to Offer Crypto Retail Trading in Hong Kong, Reports Coingraph News.

HashKey Group, which operates across various sectors such as venture funding, asset management, and trading, has also made headlines recently.

Aug 4, 2023

By IBT Desk

Designing the Future: Narasimha Rao Konangi's Expertise in Enterprise Application Integrations

Narasimha Rao Konangi said Data platforms that are scalable, reliable, and well-architected have become the new North Stars for organizations embarking on their digital transformation journey

Aug 4, 2023

By Pau Castillo

Saudi Arabia and Kuwait Claim Full Rights to Huge Persian Gulf Gas Field After Iran Plans Drilling

Kuwait and Saudi Arabia said on Thursday they have the full rights to conduct gas exploration in the gas field, which is known as Arash in Iran and Dorra in Kuwait and Saudi Arabia.

Aug 3, 2023

By Jacob J

Unlock Financial Success: Andrew Imbesi's Exclusive Business Funding Program

Andrew Imbesi's Exclusive Business Funding Program offers a game-changing opportunity for entrepreneurs and business owners looking to unlock their financial potential.

Aug 3, 2023

By IBT Desk

Meet Francesco Wetzke and Exceed Your Limits, the Game-Changing Marketing Powerhouse

Francesco Wetzke said Exceed Your Limits aspires to become the premier growth partner for businesses worldwide. Their strategic expertise, exceptional performance, and unwavering commitment to success set them apart from the competition.

Aug 3, 2023

By IBT Desk

Fitch Downgrades US Credit Rating; But Analysts Downplay Long-Term Impact

According to Fitch, the protracted political standoffs over the debt limit deal dented confidence in the government's fiscal management.

Aug 2, 2023

By Jacob J

Who is Richard Heart? Cryptocurrencies Tumble After SEC Files Lawsuit Against Prominent Influencer

The lawsuit accuses Richard Heart of using a substantial portion of the proceeds to purchase luxury items including a 555-carat black diamond and McLaren Sports car.

Aug 1, 2023

By Anshul Panda

Nomura Holdings Reports Big Jump in Quarterly Profits, Boosted by Strong Japanese Stock Market

While concerns over tepid global economic growth had forced investment portfolio writedowns across Japan last year, Nomura was helped this year by a renewed investor interest in Japanese stocks.

Aug 1, 2023

By Jacob J

Home Prices in US Will Drop Next Year After Falling Flat in 2023: Analysts

Many homeowners are locked into their current properties because they have a mortgage rate that's well below the prevailing one and so are reluctant to sell.

Aug 1, 2023

By Reuters

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