Shares of Chinese chip designer Montage Technology soared in their Hong Kong market debut on Monday, underscoring renewed investor appetite for semiconductor and artificial intelligence-linked companies despite lingering geopolitical pressures on the sector. The stock jumped as much as 57% to HK$168 after being priced at HK$106.89 per share, the top end of its indicated … Read more
Chrysler is recalling more than 450,000 Jeep and Ram vehicles after federal safety regulators identified a defect that could interfere with trailer lighting and braking systems, increasing the risk of a crash. The National Highway Traffic Safety Administration (NHTSA) announced Monday that the recall affects 456,287 vehicles across multiple model years and vehicle lines. According … Read more
Google co-founder Larry Page has quietly expanded his footprint in Florida with more than $170 million in luxury property purchases, as a proposed California wealth tax targeting the ultra-wealthy gains political momentum and heads toward a possible statewide vote. The buying spree comes as California lawmakers and labor groups push a ballot initiative that would … Read more
Nearly 400 millionaires and billionaires from across 24 countries have issued a public call for higher taxes on the world’s wealthiest individuals, warning that extreme concentrations of wealth are distorting democracy, deepening inequality, and accelerating global crises. The appeal, delivered through an open letter timed to coincide with this week’s World Economic Forum in Davos, … Read more
The Ghanaian government has announced the full settlement of US$1.47 billion in energy-sector debt, marking a major turnaround for a power industry that had been teetering under the weight of unpaid obligations and strained investor confidence. The payments, completed within President John Dramani Mahama’s first year in office, have effectively cleared legacy arrears across gas … Read more
Police are investigating the disappearance of a seafood shipment valued at approximately $400,000 after a truck carrying live lobsters failed to reach Costco distribution points in Illinois and Minnesota. The shipment was collected in Taunton, Massachusetts, but never arrived at its intended destinations, raising suspicions of a coordinated cargo theft. Authorities have not yet confirmed … Read more
The Social Security Administration (SSA) has announced a 2.8% Cost-of-Living Adjustment (COLA) for 2026, raising monthly payments for roughly 71 million beneficiaries beginning in January. The increase, driven by persistent inflation and higher consumer prices, marks a modest uptick from 2025’s 2.5% COLA. According to the Labor Department, the Consumer Price Index (CPI) climbed 3% … Read more