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COVID 19 Articles
Car finance: Compensation payments delayed until next year
Millions of UK drivers mis-sold car finance agreements must wait until at least 2027 to receive compensation, with average payouts of £829, as legal challenges delay the scheme.
Kalshi taps former FBI agent to fight against money laundering
Kalshi hires former FBI agent Sean Fern to lead anti-money laundering efforts as the prediction market platform faces increased regulatory scrutiny and growth.
Justice Department investigates TV networks, citing possible anti-trust violations
The Justice Department has launched an antitrust investigation into five major U.S. television networks, examining whether their coordination over White House access decisions violated competition law.
Djibouti boat capsize: Children among 139 dead with 84 still missing, UN says
A migrant boat capsized off Djibouti en route to Yemen, killing at least 139 people including 15 children, with 84 still missing and 82 rescued, according to UN migration officials.
Trending COVID 19 News
Thousands of planned launches, terms of deal, worry some near Louisiana SpaceX site
SpaceX plans to build a 125,000-acre facility in Louisiana capable of launching approximately 30 rockets daily, but local residents and environmental advocates express concerns about wildlife impacts and lack of public input.
UK credit scores: should you worry about a big shake-up?
TransUnion, a major UK credit agency, is changing its scoring system from a top mark of 710 to a 0-999 range later this month, which will affect borrowers’ visible scores but not lending decisions.
Living abroad doesn’t end your U.S. tax obligations. What young expats need to know
U.S. citizens living abroad remain subject to American tax laws even while complying with their country of residence’s requirements, creating complex filing obligations for young expats.
Student loan borrowers exiting SAVE may face sharply higher payments if they don’t take action soon
Over 6.9 million federal student loan borrowers face the prospect of significantly higher monthly payments if they fail to transition from the SAVE repayment plan before their deadlines, with some facing bills that could double or triple.
Okta pops 20% after topping estimates as AI threat spikes demand for identity security
Okta’s shares surged 20% after the identity software provider topped fiscal second-quarter estimates, with revenue climbing 11% and AI-related deals driving significant new product adoption.
CrowdStrike jumps 11% on record second quarter as ‘Mythos moment’ drives AI cyber wave
CrowdStrike surged over 11% after reporting record fiscal second-quarter results, with revenue up 26% year-over-year as demand for AI security solutions intensifies.
Dell surges 9% after lifting fiscal 2027 forecast on AI server strength
Dell shares surged 9% after reporting fiscal second-quarter results and raising full-year guidance, driven by strong demand for AI infrastructure servers.
Oracle posts 30% revenue growth fueled by AI cloud demand as debts hits $125 billion
Oracle reported 30% revenue growth for the latest quarter, beating estimates, with cloud revenue surging 62% and the company guiding to 30% to 34% growth for the next quarter.
CoreWeave (CRWV) Is Charging More for AI Compute, and Customers Keep Paying
CoreWeave raised prices for AI computing capacity, with new contracts fetching roughly $40 million in annualized revenue per megawatt, though the company continues operating at a loss.
Infosys (INFY) Lands a Brake Maker as Growth Stays in Low Gear
Infosys secured a long-term software management contract with brake maker Knorr-Bremse, though revenue growth remains subdued at 2.4% year-over-year despite AI representing 8.2% of quarterly sales.
Ferguson (FERG) Keeps Beating a Housing Market That Refuses to Cooperate
Ferguson Enterprises reported quarterly sales growth of 4.6% to $8.8 billion, but profit growth lagged as margins declined, signaling potential challenges ahead despite strong non-residential performance.
SpaceX Stock Has Gone Nowhere Since Its First Day of Trading
SpaceX shares closed at $152.71 on Friday, about 5% below their $160.95 first-day closing price from June 12, despite strong business fundamentals including 92% revenue growth.