Browsing: Business

INDIANA: Meta Platforms has begun construction on a more than $10 billion data center campus in Lebanon, Indiana, a project the company says will be capable of delivering up to 1 gigawatt of computing capacity once operational. The parent company of

NEW YORK: Gold prices edged lower on Thursday as the U.S. dollar firmed after stronger than expected U.S. jobs data, cooling expectations for near term interest rate cuts. Spot gold was down 0.5% at $5,055.24 an ounce by 0642 GMT, after closing

WASHINGTON: A new Tax Foundation estimate says tariffs imposed under President Donald Trump increased costs for U.S.  households by an average of about $1,000 in 2025, describing the impact as similar to a broad-based tax increase. The group also estimated the tariffs

NEW YORK: Gold traded back above the $5,000 an ounce level this week, with spot prices around $5,078 as a softer U.S. dollar coincided with renewed demand for the metal. The move followed sharp swings since late January, when gold reached record

NEW YORK: Amazon shares slid sharply this week as a pullback in large technology and software stocks erased about $1 trillion in market value from the S&P 500 software and services group since Jan. 28, according to index calculations. The sell-off followed

NEW YORK: U.S. employers announced 108,435 job cuts in January, the sharpest start to a year since the Great Recession, as reductions in transportation, technology and healthcare drove a surge in planned layoffs, according to a monthly report released this week by

NEW YORK: Amazon shares fell about 8% in U.S. trading on Friday, Feb. 6, 2026, after the company forecast roughly $200 billion in capital spending for 2026 and reported fourth-quarter earnings that came in slightly below analyst expectations. The stock drop made

KANSAS: Beef processed at Sustainable Beef’s producer-owned facility in North Platte, Nebraska is now appearing on Walmart shelves across the region, with product sent to a packaging plant in Olathe, Kansas for final packaging and distribution, according to a January 2026 update from

CryptoWire, NEW YORK: Bitcoin fell back toward $73,000 this week, giving up gains built after the November 2024 U.S. presidential election and marking one of its sharpest pullbacks since last year’s peak. The largest cryptocurrency briefly dipped below $73,000 on Tuesday, February 3,

MENA Newswire, TEXAS: Oracle has announced plans to raise $45 billion to $50 billion in gross proceeds during calendar year 2026 to expand cloud infrastructure capacity for artificial intelligence workloads, as questions swirl in markets about the cost of building data centers at