Money

Meta’s Threads suspends accounts displaying private jet travels of high-profile individuals such as Mark Zuckerberg, Elon Musk, and Taylor Swift.

by
Meta’s Threads suspends accounts displaying private jet travels of high-profile individuals such as Mark Zuckerberg, Elon Musk, and Taylor Swift.

Multiple Threads accounts displaying publicly available data on the private jet travel of some of the world’s wealthiest and most famous individuals have been shut down. The year-old social media platform, owned by Meta, recently suspended an account that showed the flight paths of Mark Zuckerberg’s private jet, along with several other accounts that displayed … Read more

Tax plans proposed by Trump could potentially exclude 93 million Americans from having to pay income taxes.

by
Tax plans proposed by Trump could potentially exclude 93 million Americans from having to pay income taxes.

Former President Donald Trump’s tax reform proposals have the potential to benefit around 93.2 million Americans by offering total or partial income tax exemptions. These proposals are part of Trump’s economic agenda, which includes a wide-ranging tax overhaul aimed at providing income tax breaks to various segments of the population. Among the tax breaks that … Read more

Record high for Nvidia stock as strong AI demand boosts Wall Street confidence

by
Record high for Nvidia stock as strong AI demand boosts Wall Street confidence

Nvidia (NVDA) achieved a new all-time high on Monday as investors await the upcoming earnings reports from Big Tech companies in November. The chipmaker’s stock surged 4.14% to close at $143.71 per share, with its shares continuing to rise in after-hours trading. Earlier in the day, Nvidia’s stock hit an intraday high of $142.46, as … Read more

US calls for investigation into murders of two Mozambique opposition leaders – Reuters

by
US calls for investigation into murders of two Mozambique opposition leaders – Reuters

By Kanishka Singh WASHINGTON (Reuters) – The U.S. government on Monday condemned the weekend killings by gunmen of two Mozambique opposition figures ahead of protests against a disputed election result, with Washington urging “a swift and thorough investigation into the murders.” WHY IT’S IMPORTANT The United States is the largest bilateral donor to Mozambique, providing … Read more

US oil sector granted extension to prevent shutdown in Gulf of Mexico

by
US oil sector granted extension to prevent shutdown in Gulf of Mexico

The US oil industry successfully obtained a delay in a significant legal battle with environmental advocates over regulations that could potentially lead to the shutdown of production in the Gulf of Mexico. A federal court ruled on Monday that agency regulations set to expire in December could remain in effect until May, despite concerns about … Read more

Report states Trump could bankrupt social security by 2031

by
Report states Trump could bankrupt social security by 2031

President Biden will be leaving the Oval Office soon, and the Social Security plan is facing a significant challenge. According to a nonpartisan watchdog group, The Committee for a Responsible Federal Budget, the program will be insolvent in nine years, but this timeline could shrink to six years if Donald Trump implements his campaign platform. … Read more

Surge in Nuclear Stocks; Sam Altman’s Startup Skyrockets 176% Amid Big Tech’s Reinforcement

by
Surge in Nuclear Stocks; Sam Altman’s Startup Skyrockets 176% Amid Big Tech’s Reinforcement

Oklo (OKLO) — the nuclear power startup backed by OpenAI head Sam Altman — has experienced a significant surge of over 175% in October. This surge comes as major hyperscalers have decided to double down on the nuclear renaissance to power data centers and artificial intelligence. Nuclear energy-related companies, including Oklo, have been performing well … Read more

Putin’s BRICS summit in Russia overshadowed by Ukraine war

by
Putin’s BRICS summit in Russia overshadowed by Ukraine war

By Vladimir Soldatkin and Guy Faulconbridge The Russian government is determined to use the BRICS summit as a platform to showcase the increasing influence of the non-Western world. However, Russia’s partners from China, India, Brazil, and the Arab world are urging President Vladimir Putin to find a resolution to the conflict in Ukraine. The BRICS … Read more

Investigation by Serious Fraud Office into £112mn hotel constructed by prominent UK trade union

by
Investigation by Serious Fraud Office into £112mn hotel constructed by prominent UK trade union

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK Serious Fraud Office is investigating a hotel and conference centre in Birmingham built by Britain’s second largest trade union that has been valued at tens of millions of pounds below its construction cost. … Read more