Wells Fargo is extending an investment-banking hiring campaign that executives say is translating into more corporate advisory work and a rapid rise in league-table standings. The effort gained momentum after regulators lifted a punitive cap on the bank’s assets in June 2025, a restriction imposed for about seven years after the lender’s fake-accounts scandal. In an interview, Fernando Rivas, chief…
In 2024, global trade in goods rebounded more forcefully than many analysts had anticipated, underpinned by surging demand in major economies and renewed investment in technology. Reinforced Growth Across Global Merchandise Flows The World Trade Organization (WTO) reports that merchandise trade value expanded by an estimated 3.4%, signaling a robust recovery across multiple sectors. This performance stood in contrast to…
The Indonesian government temporarily suspended TikTok’s operating license following waves of public unrest and political tension. The move came amid demonstrations across several cities over concerns about government transparency and alleged attempts to curb dissent online. Authorities stated that the suspension was due to non-compliance with national data regulations, particularly regarding the storage and processing of user data. Suspension Amid…
The debate over Christian Horner’s return to Formula 1 leadership has escalated into a public clash among team principals. Horner, who stepped down as Red Bull Racing team principal in July 2024, is seeking to reenter the sport’s leadership ranks. In response, Aston Martin’s team principal Mike Krack defended his criticism of Horner’s attempts, accusing him of lobbying for influence…
DoorDash has formally closed its acquisition of the U.K. food delivery firm Deliveroo in a deal valued at approximately £3 billion (about $3.9 billion). The transaction consolidates DoorDash’s foothold in the European market, expanding its global influence in the on-demand delivery sector. Transaction Details and Strategic Intent The agreement had already cleared regulatory hurdles and shareholder approvals in both the…
OpenAI has announced new collaborations with Samsung Electronics and SK Hynix in South Korea to support its ambitious chip development endeavor, known as Stargate. The move marks a significant expansion in OpenAI’s supply chain strategy by directly engaging major memory and semiconductor producers. Samsung and SK Hynix are set to supply next-generation memory and advanced chip components essential to the…
Google’s YouTube has agreed to pay $24.5 million to resolve a long-running lawsuit filed by Donald Trump, stemming from the suspension of his account after the January 6, 2021 Capitol attack. The payout is structured such that $22 million will be contributed toward a Trust for the National Mall fund to assist in financing a White House State Ballroom tied…
