Finance
China is restricting the use of European telecom equipment suppliers Nokia and Ericsson in its networks. According to Business Standard, Chinese state-backed buyers of IT equipment must now submit contracts from these companies to national security checks. The Cyberspace Administration of China conducts what sources describe as black box reviews.
Finance
According to Kotaku, Electronic Arts faces a credit rating downgrade to junk status following its $55 billion acquisition by Saudi Arabia's Public Investment Fund, Jared Kushner's Affinity Partners, and Silver Lake. Bloomberg reports that S&P Global Ratings plans to cut EA's credit
Finance
Stock futures remained flat on September 29, 2025, as investors prepared to conclude an unusually strong month. According to CNBC, futures tied to the Dow Jones Industrial Average fell 3 points, while S&P 500 futures slipped 0.02% and Nasdaq 100 futures declined 0.03%. The S&
Finance
According to CNBC, Charlie Javice received a sentence exceeding seven years in federal prison on Monday, September 29, 2025. The 33-year-old founder of Frank, a student financial aid platform, was convicted of defrauding JPMorgan Chase during the 2021 acquisition. JPMorgan paid $175 million for Frank in September 2021. The bank
Finance
China has called on the United States to lift its unilateral tariff measures to restore normal trade flows of soybeans during ongoing negotiations. South China Morning Post reports that Ministry of Commerce spokesman He Yadong made this statement during a press briefing on Thursday. Washington could take decisive action to
Finance
PepsiCo plans to launch two new ready-to-drink dirty soda beverages next month. According to CNBC, the company will unveil Dirty Dew and Mug Floats Vanilla Howler at the National Association of Convenience Stores trade show in Chicago. These products follow the earlier release of Pepsi Wild Cherry & Cream, which
Finance
Stock futures traded near flat levels Friday as investors prepared for the release of August personal consumption expenditures data. According to CNBC, S&P 500 futures were unchanged while Nasdaq 100 futures declined 0.1%. Futures tied to the Dow Jones Industrial Average gained 59 points or 0.1%
Finance
Google officially confirmed its collaboration with Qualcomm to develop Android-powered personal computers during the Snapdragon Summit 2025 keynote. According to PCMag, Google's Rick Osterloh revealed that the company has "embarked on a project to combine" its smartphone and PC operating systems. The announcement took place in
Finance
The European Union demanded Tuesday that Apple, Google, Microsoft and Booking explain their anti-scam measures. According to TechXplore, the European Commission sent formal requests under the Digital Services Act. EU tech chief Henna Virkkunen said criminal activity is moving online. The regulator wants platforms to explain how they prevent service
Finance
Amazon appeared in federal court Monday as jury selection began for a lawsuit alleging deceptive Prime membership practices. According to CNN Business, the Federal Trade Commission filed the case in 2023 under the Biden administration. The agency accuses Amazon of using "dark patterns" to trick millions into Prime
Finance
President Donald Trump signed an executive order Friday imposing a $100,000 annual fee on H-1B visas. The policy targets companies hiring foreign workers in specialized occupations. According to CNBC, the fee applies to new applicants starting with the upcoming lottery cycle. The announcement sent immediate shockwaves through corporate America&
Finance
NVIDIA and Intel announced a strategic collaboration on September 18, 2025, with NVIDIA investing $5 billion in Intel common stock at $23.28 per share. According to NVIDIA, the partnership will develop multiple generations of custom data center and PC products. The companies will focus on connecting NVIDIA and Intel