Finance
Larry Ellison Leaps Over Musk: First – Time Global Wealth Summit Victory
September 11, 2025 – In a stunning turn of events, Larry Ellison, co – founder of Oracle, has dethroned Elon Musk to claim the title of the world’s richest person for the first time, according to the latest Bloomberg Billionaires Index. Ellison’s net worth soared to a staggering 393billion.ThisremarkablejumpwastriggeredbyOracle′squarterlyresults,whichfarexceededmarketexpectations.Thecompanyalsogaveapositiveoutlookonitsfuturegrowthprospects.At10:10a.m.NewYorktime,Ellison′sfortunesurgedby101 billion, surpassing Musk’s $385 billion. This…
Samsung Heir Lee Ji-ho Chooses Korean Military Service Over U.S. Citizenship
September 11, 2025 – According to South Korean media outlet Chosun, Lee Jee – ho, the son of Samsung Electronics Chairman Lee Jae – yong, is set to renounce his U.S. citizenship and fulfill his military service obligations in South Korea. Lee Jee – ho is scheduled to enlist as a naval officer candidate in…
After U.S. Government Takes Stake, Intel Gets Reprieve from Some CHIPS Act Duties
September 1, 2025 – On August 23, Intel made a groundbreaking announcement regarding a significant agreement with the U.S. government. The government is set to invest a whopping 8.9billioninthechip−makinggiantinexchangefora9.95.7 billion coming from the pre – allocated CHIPS Act funds and an additional $3.2 billion from the “Secure Enclave” initiative. During the Deutsche Bank 2025 Technology…
Google’s “Axe Department” in Action: 35% Cut in Small – Team Supervisor Posts Within a Year
August 29, 2025 – According to a CNBC report today, during an all-hands meeting, Brian Welle, Google’s Vice President of People Analytics and Performance, revealed that the company has slashed the number of small team leaders by over a third within a year. “The number of our supervisors has dropped by 35% compared to a…
Toyota’s July Global Sales Hit Record High: North America & China Lead the Surge
August 29, 2025 – On Thursday, Toyota Motor Corporation, the well – known Japanese automaker, revealed that its global vehicle sales in July soared for the seventh consecutive month. This remarkable growth was propelled by robust demand in the North American market, along with the outstanding performance of hybrid and new electric vehicle models in…
Mercedes – Benz Cuts Ties: Sells Off Complete Nissan Shareholding for 478.7 Billion Yen
August 27, 2025 – Mercedes – Benz has officially announced that it has divested all of its shares in Nissan Motor Co. for a sum of 47.87 billion yen, as reported by The Wall Street Journal. The German automaker revealed that it sold 140.1 million Nissan shares at a price of 341.3 yen per share….
Microsoft’s Massive 15,000-Employee Layoff: Nadella Admits “Deep Remorse”
August 7, 2025 – According to a report from Tech4gamers on the 6th, Microsoft has laid off a total of 15,000 employees this year, a move that has drawn widespread criticism. Some loyal users have even gone as far as to boycott Xbox in response. It’s said that Microsoft’s main motivation behind this decision is…
Microsoft’s 2025 Q4 Net Profit Surges to $27.2 Billion with 24% YoY Growth
July 31, 2025 – Microsoft has just unveiled its financial results for the fourth quarter and the entire 2025 fiscal year. The company’s performance in the fourth fiscal quarter was quite impressive, with revenues reaching 76.441billion,markingan1827.233 billion, a significant 24% jump year – on – year, and diluted earnings per share also rose by 24%…
Qualcomm’s Q3 FY2025: $10.365B Revenue with 25% Net Profit Surge
July 31, 2025 – Qualcomm has just unveiled its financial results for the third quarter of fiscal year 2025. The report reveals that the company’s revenue for this quarter reached 10.365billion,markinga102.666 billion, a 25% jump compared to the same period last year. Diluted earnings per share stood at $2.43, up by 29% year – on…
Samsung Electronics Reports 5.8% QoQ Revenue Decline in Q2 2025
July 31, 2025 – Samsung Electronics has just unveiled its official financial results for the second quarter of 2025. During the reporting period, the company’s consolidated revenue stood at 74.6 trillion Korean won, marking a 5.8% decline from the previous quarter and a marginal 0.7% increase year-on-year. Meanwhile, its operating profit was 4.7 trillion Korean…