Billionaire philanthropist and investor George Soros, 92, is handing control of his Open Society Foundations to his son Alex, who was named chair in December. The foundation donates money to humanitarian and democratic causes ranging from criminal justice reform to climate change initiatives and controls the majority of assets managed by Soros’s $25 billion family … Read more
The metaverse has a loneliness problem. Mark Zuckerberg says Apple’s new headset will make everyone lonelier. But even Meta’s headset is, in the end, someone sitting alone on a couch too. Mark Zuckerberg’s verdict on Apple’s new mixed-reality headset is in: It’s lonesome. “Every demo that they showed was a person sitting on a couch … Read more
Tesla shares are headed to $300, and the company is looking at big revenue gains from recent deals with Ford and GM. Wedbush on Friday raised its price target and said charging deals could bring in $3 billion of revenue. “In a nutshell, Musk and Tesla are playing chess while other automakers are playing checkers,” … Read more
HDFC Bank Ltd, India’s largest private lender, intends to prioritize home loans as a central part of its growth strategy after the completion of its merger with HDFC Ltd, according to two senior officials at the group. The officials told Reuters news agency that the pace of growth in home loans will broadly mirror growth … Read more
A group of ad hoc term loan lenders, who collectively own more than 85% of BYJU’S $1.2 billion term loan, has issued the following statement in response to a recent lawsuit filed by BYJU’S in the Supreme Court of the State of New York County of New York. “BYJU’S’ meritless lawsuit against its term loan … Read more
Donald Trump said Thursday he has been indicted over his handling of classified documents after leaving office, the US ex-president’s most serious legal threat yet as a firestorm of criminal investigations imperil his bid for a second White House term. “The corrupt Biden Administration has informed my attorneys that I have been Indicted, seemingly over … Read more
India’s booming economy is the envy of other major markets. But beyond the hype and expectation, people who watch the country closely are flagging warning signs. The nation is heading for a slowdown, analysts who cover it say, as rising inequality squeezes consumer spending among the poor — and the hundreds of millions in the … Read more
Apple recently, at Worldwide Developers Conference 2023, launched its first major product in a while, since 2014: Vision Pro. Alongside, Vision Pro, the Cupetino’s tech giant showcases several products in the line-up including MacBook Air 15”, M2 Max and M2 Ultra powered Mac Studio and Mac Pro. Apple Vision Pro was long-rumored and now it’s … Read more
Elon Musk tweeted that US home values are set to plummet. Selma Hepp, the chief economist at CoreLogic, said that’s not going to happen. The nation’s dearth of housing supply will keep home prices high and prevent a crash. Elon Musk, the world’s richest person and TIME’s 2021 person of the year, has voiced polarizing … Read more