Business News

Business

Johnson & Johnson Faces $400 Million in Tariff Costs Due to China Trade War Impact

Johnson & Johnson expects to face $400 million in tariff costs this year, largely due to the trade war with China, affecting its medical technology units. CEO Joaquin Duato warns o...

Business

OpenAI Ventures into Social Networking with a Secret X-like Platform, Stirring Industry Buzz

OpenAI is secretly working on an X-like social network, potentially competing with Elon Musk's Grok. This move could provide OpenAI with valuable real-time data for AI training, am...

Business

IndusInd Bank Faces Rs 1,979 Cr Hit Due to Derivative Portfolio Accounting Lapses: What Went Wrong?

IndusInd Bank discloses a Rs 1,979 crore impact on its net worth due to derivative portfolio accounting lapses, with external audits underway to identify causes and remedial measur...

Business

Breaking News: Blackstone Teams Up with Vanguard and Wellington to Revolutionize Investment Access for Everyday Investors

Blackstone Inc. partners with Vanguard and Wellington Management to create investment products for everyday investors, offering access to multiasset portfolios and potentially revo...

Business

Nvidia Revolutionizes Gaming with the Launch of GeForce RTX 5060 Series Featuring AI-Powered Rendering

Nvidia Corporation has launched the GeForce RTX 5060 series, featuring AI-powered rendering, DLSS 4, and full ray tracing. Built on the NVIDIA Blackwell architecture, these cards p...

Business

Elliott Management's Bold $1.2 Billion Stake in HPE Sparks Market Rally and Strategic Talks

Elliott Management acquires a $1.15 billion stake in Hewlett Packard Enterprise, leading to a 7% surge in HPE's shares and plans for strategic discussions to enhance shareholder va...

Business

Trump Accuses China of Retaliation in Trade War by Halting Boeing Jet Deliveries

President Trump criticizes China's halt on Boeing jet deliveries as a retaliatory move in the ongoing trade war, recalling past disputes and accusing China of targeting key US indu...

Business

Caterpillar Announces Joe Creed as New CEO, Marking a New Era Starting May 1

Caterpillar Inc. announces Joe Creed as its new CEO starting May 1, succeeding D. James Umpleby III who transitions to Executive Chairman. Creed, with 28 years at Caterpillar, brin...