Norway's Government Pension Fund Global (GPFG), the largest pension fund globally with assets totaling $1.8 trillion, achieved a historic return of $222 billion in 2024, as reported by Norges Bank Investment Management (NBIM), the division of the Norwegian central bank overseeing the fund. “The...

Shares of American semiconductor company Nvidia, known for its focus on artificial intelligence, dropped by 17.8%, resulting in a capitalization loss of approximately $620 billion, reports the Financial Times. The newspaper observes that this set a record for the firm regarding the loss of market...

The UK Ministry of Defense revealed that it has awarded a contract to the British firm Rolls-Royce Holdings for the designing, building, and technical assistance of nuclear reactors for the Royal Navy's nuclear submarines. It will be valued at $11 billion - the biggest contract of its kind between...

Neko Health, a company focused on body-scanning diagnostics, has secured $260 million to launch its clinics across the US, according to the Financial Times, referencing the startup's founder Daniel Ek, who is also the CEO of Spotify. Ek established Neko in Sweden in 2018 along with businessman...

Orsted, the largest wind farm operator globally in terms of the number of plants, will decrease the value of its US division by $1.7 billion. The Danish firm revealed the decision in a report featuring preliminary financial results for 2024, citing high interest rates, supply chain problems, and...

Melania Trump joins her husband by introducing her own memecoin. Melania, the spouse of US President-elect Donald Trump, has revealed the debut of her own cryptocurrency, the $MELANIA memecoin. Mr. Trump revealed the introduction of his personal memecoin named $TRUMP on Saturday, January 18....

Speculations suggest that Volkswagen could possibly sell some of its future plants in Germany to Chinese firms, while joint ventures with a "third party" remain a possibility, according to Christopher Hauss, the company's head of strategic and financial communications. Previously, Reuters news...

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported a record-breaking 57% increase in net profit for the fourth quarter of 2024, reaching T$374.68 billion (approximately $11.4 billion). This surge is primarily attributed to the escalating demand for...

The recent surge in Wall Street profits has highlighted an optimistic outlook for the U.S. banking sector, driven by favorable market conditions, increased dealmaking activity, and regulatory expectations aligned with the incoming administration’s pro-business agenda. As major banks report earnings...