Author: Editor-In-Chief

Sopa Images | Light Rocket | Getty ImagesNearly two months after TikTok’s U.S. operations officially passed into the hands of a group of investors, oracle announced that it will invest approximately $2 billion in the joint venture. In its quarterly financial report released Wednesday, Oracle said it recorded $2.2 billion in “non-marketable debt investments, equity and related products” for the period ended Feb. 28. A “substantially large portion” of the non-marketable investment was in TikTok USDS Joint Venture LLC, according to the filing. The national security law signed by former President Joe Biden in 2024 required China’s ByteDance to sell…

South Africa’s government has summoned the US ambassador to the United States to discuss “undiplomatic statements” that show a deepening rift between Pretoria and Washington.Foreign Affairs Minister Ronald Lamola announced on Wednesday that he had summoned Ambassador Leo Brent Bozell III, who was appointed last month, following a series of comments he made.Recommended stories list of 3 itemsend of list”We called on the U.S. ambassador, Ambassador Bozell, and asked him to explain his undiplomatic statements,” Lamola said.The summons comes as the administration of US President Donald Trump continues to ramp up pressure on South African President Cyril Ramaphosa and his…

Irish amateur Declan Querrey has accused British jockey Nico de Boinville of being “abusive” ahead of the Turner Novice Hurdle. The second day’s opener at Cheltenham started almost four minutes late after a lengthy effort to get the 21 runners into proper positions, with de Boinville and Cukely colliding as they jostled for position close to the tape. Returning to the weigh-in room after the race, the jockey, who finished fifth in Mount Isle Thought That, told ITV Racing: “I was being abused by Nico de Boinville, a British rider, and it’s not very good. It’s terrible because I’m an…

Important pointsCNBC’s Jim Cramer said Tuesday’s volatile session shows why doing nothing can be a profitable investment strategy. “It’s very difficult to make money in this environment,” he said on “Mad Money.”CNBC’s Jim Cramer said Tuesday that wild swings in the stock and oil markets show why retail investors need to exercise restraint during the Iran war. “If you’re buying and selling stocks in the moment, you’re not sitting idle, you’re going to go crazy. You’re going to make mistakes, and you’re going to end up looking like a fool,” Kramer said on “Mad Money.” “There’s pure madness behind it,”…

shares of micron sandisk HPE SK Hynix Meta 「我々はHBMの供給についてまったく心配している」とメタのエンジニアリング担当副社長イー・ジウン・ソン氏はCNBCに語った。 “But we believe we have secured supply for what we plan to build.”Never miss the most trusted news moments in business news when you choose CNBC as your preferred source on Google. Source link

Scottie Scheffler and Rory McIlroy are two of the pre-tournament favorites to win The Players, but the star-studded field will be looking to prevent either of the world’s top two from winning at TPC Sawgrass.Scheffler has won 20 times on the PGA Tour since the start of 2022 and has won four majors in the same season, with the world No. 1 chef seeking his third win at The Players in four years following an early-season win at American Express. The American could become the first player since Jack Nicklaus to win the PGA Tour’s flagship event for the third…

Some may have scratched their heads Tuesday morning when news broke that Meta had acquired Maltbook, a social network for AI agents. What on earth does Meta, an ad-supported company, want from a social network whose users are bots? After all, bots are not the target users of brand marketers and advertisers. Meta doesn’t say much. The only official comment was a short statement that the Moltbook team will join the Meta Superintelligence Lab, opening up “new ways for AI agents to work with people and businesses.” Reading between the lines, this was an acquisition. A network built for bots…

Mt. Fuji and Shinjuku skyline in Tokyo, Friday, February 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were mostly higher on Wednesday as investors took stock of the ongoing Middle East war.australian S&P/ASX 200 It rose 0.59% to close at 8,743.5. Japanese Nikkei Stock Average rose 1.43% to close at 55,025.37, while Topix rose 0.94% to close at 3,698.85. South Korea’s Kospi rose 1.4% to 5,609.95, while the small-cap Kosdaq closed flat at 1,136.83.hong kong Hang Seng Index fell 0.2%, while the CSI 300 added 0.64% to close at 4,704.50.Oil prices, which soared to…

Mike Cannon-Brookes, co-founder of Atlassian, Sydney, Australia, December 6, 2023. Lisa Marie Williams Bloomberg | Getty Imagesatlassian announced Wednesday that it will cut 10% of its workforce, or about 1,600 jobs, in a restructuring effort after its stock price plummeted due to the development of artificial intelligence. “We are doing this to self-fund further investments in AI and enterprise sales while strengthening our financial profile,” CEO Mike Cannon-Brooks said in a blog post. He said employees will be notified of their status via email. Atlassian has lost more than half its value this year as software stocks fell broadly on…

U.S. President Donald Trump speaks to reporters before boarding Marine One as it departs from the South Lawn of the White House on March 11, 2026 in Washington, DC.Brendan Smialowski AFP | Getty ImagesThe Trump administration reportedly plans to announce a new trade investigation as early as Wednesday, with the goal of replacing reciprocal tariffs recently ruled illegal by the Supreme Court.The New York Times and Wall Street Journal reported Wednesday that the investigation will be conducted under Section 301 of the Trade Act of 1974. The law allows the president to impose tariffs on imports from other countries found…