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Vishakha Singh

U.S. Government to Spend Record $1.2 Trillion on Interest Payments in 2024, Surpassing Military Costs

The U.S. government is set to spend an unprecedented $1.2 trillion on interest payments in the fiscal year 2024, marking the highest expenditure of its kind ever recorded. This massive outlay eclipses military spending for the first time in history. The soaring interest payments are a result of

US Claims Record Four-Point Lead Over Europe on Solheim Cup Day One

The United States took a commanding lead on the opening day of the Solheim Cup, establishing a record four-point advantage over Europe with a 6-2 lead. Led by world number one Nelly Korda, the US side dominated both sessions, winning 3-1 in the morning foursomes and repeating the performance in

Brazil Lifts Ban on Elon Musk’s X and Starlink After $3.31 Million in Fines

Brazil has lifted the bans on Elon Musk’s X and Starlink after the companies paid a combined total of 18.35 million reais ($3.31 million) in fines. Supreme Court Justice Alexandre de Moraes ordered the removal of restrictions that had been imposed during a dispute between Musk and

"Former Facebook Ad Chief Reveals Challenges in Competing with Google's Ad Dominance"

In a recent US Justice Department antitrust trial, Brian Boland, who led Facebook’s advertising technology division from 2009 to 2019, testified about the difficulties Facebook faced in competing with Google in the online display advertising market. Boland’s testimony highlighted how Facebook, now Meta Platforms Inc., struggled against Google’

Intel Secures Up to $3.5 Billion in Federal Grants for U.S. Military Semiconductor Production

Intel Corp has officially qualified for up to $3.5 billion in federal grants to support the production of semiconductors for the U.S. Department of Defense, according to a Bloomberg News report on Friday. This substantial funding boost comes after the chipmaker finalized a binding agreement with U.S.

Nvidia's Stock Surge Creates Big Ripples in the S&P 500, Raising Market Concerns

Nvidia’s remarkable stock rally has been a significant force in driving the S&P 500 index’s performance this year, raising both opportunities and concerns for investors. With Nvidia shares soaring 140% in 2024, the chipmaking giant’s influence on the broader market has become more pronounced, contributing

China Suspends PwC’s Business in Mainland and Slaps $62 Million Fine Over Evergrande Audit Controversy

China’s finance ministry has imposed a six-month suspension on PricewaterhouseCoopers’ (PwC) auditing unit in mainland China, following controversies surrounding its audit of China Evergrande Group. In addition to the suspension, PwC has been fined $62 million by the Chinese government. The financial penalty is split into two parts. PwC