Business, Finance

Infosys Acquires 75% of Versent Group to Power AI-Led Cloud Expansion in Australia

Infosys, the Indian IT services titan, has struck a major strategic move by agreeing to acquire a 75 percent stake in Versent Group, a key digital transformation and cloud services unit of Australia’s telecommunications heavyweight Telstra Group.

The transaction, valued at approximately $233.3 million (around US $153 million), positions Infosys firmly at the heart of Australia’s high-growth enterprise digital and AI landscape.

Established as a wholly owned Telstra subsidiary, Versent Group brings to the table deep domain expertise across sectors such as finance, energy, utilities, government, and education. Its reputation has been crafted by delivering cloud-native strategies and implementation at scale. Continue reading Infosys Acquires 75% of Versent Group to Power AI-Led Cloud Expansion in Australia →

Business

Amazon Launches Same-Day Perishable Grocery Delivery in 1,000 U.S. Cities

Amazon has introduced same-day delivery of perishable groceries in 1,000 cities across the United States, marking a significant step in its bid to compete with quick-commerce rivals such as Instacart and Walmart+.

The e-commerce giant plans to expand the service to more than 2,300 cities by the end of 2025.

Shoppers can now order fresh produce, dairy, meat, seafood, baked goods, and other temperature-sensitive grocery items alongside everyday household products, electronics, and other goods already eligible for same-day delivery. Continue reading Amazon Launches Same-Day Perishable Grocery Delivery in 1,000 U.S. Cities →

Finance

Nasdaq and S&P 500 Edge Higher Ahead of Key Economic Reports

US stocks pushed higher on Wednesday as Wall Street grew increasingly confident that the Federal Reserve will cut interest rates at its next meeting, with traders seizing on fresh inflation data as evidence that the central bank could shift toward a looser policy stance.

The Dow Jones Industrial Average was the standout performer in early trading, climbing close to 1%, while the S&P 500 added 0.4% and the Nasdaq Composite, after paring earlier gains, was still up roughly 0.3%.

The upbeat tone followed a strong rally the previous day, sparked by the July Consumer Price Index report. While the data showed inflation picked up, the increase was smaller than many economists had anticipated. That surprise nudged market sentiment firmly toward the belief that a September rate cut is all but certain. According to CME Group data, futures traders were pricing in nearly a 100% probability of a cut. Continue reading Nasdaq and S&P 500 Edge Higher Ahead of Key Economic Reports →

Finance

Survey Reveals Lingering Financial Strain Despite Cooling Inflation

A new Yahoo Finance/Marist Poll reveals that many Americans are still struggling to gain financial stability in 2025, with inflation’s effects, higher tariffs, elevated interest rates, and a tight labor market weighing heavily on household budgets.

The survey, conducted in mid-June among 2,575 adults, paints a mixed picture: while some households are managing to stay ahead, others are seeing their financial situations slip backward.

One of the most telling findings is that one in three Americans say their finances have deteriorated over the past year, a trend particularly common among lower-income households and older generations. Continue reading Survey Reveals Lingering Financial Strain Despite Cooling Inflation →

Business, Finance, Investing, Personal Finance

Costco Now Sells Gold, Silver, and Platinum — Here’s What You Need to Know

These days, a trip to Costco can involve more than bulk snacks and household goods — it can also include gold, silver, and platinum.

The warehouse retailer has been quietly expanding its precious metals offerings over the past two years, beginning with gold bars in 2023 and later adding silver coins and platinum bars.

With all three metals seeing substantial price gains in 2025, Costco’s timing has caught the attention of shoppers who are also investors.

Gold, silver, and platinum have long been valued as stores of wealth. Gold, often described as a “monetary metal,” tends to perform well when the U.S. dollar weakens, which is why central banks around the world hold it to hedge against inflation and currency instability.

Current global economic concerns — including the impact of tariffs on trade — have contributed to a favorable medium- to long-term outlook for gold. Continue reading Costco Now Sells Gold, Silver, and Platinum — Here’s What You Need to Know →

Finance, Personal Finance

Saving Made Simple — Building Habits That Actually Stick

Saving money is one of those financial habits that everyone agrees is important, yet many people struggle to maintain consistently. The reasons vary — for some, the challenge is finding room in the budget after covering essentials, while for others it’s the temptation to spend now and “save later.”

Often, it’s a combination of misconceptions about what saving should look like, common mistakes that quietly sabotage progress, and a lack of simple, sustainable methods that fit into everyday life.

One of the biggest myths is that saving only works if you set aside large amounts at a time. While big deposits certainly help, small amounts saved regularly can add up to surprisingly large sums over the years, especially when invested or held in interest-bearing accounts. Continue reading Saving Made Simple — Building Habits That Actually Stick →

Finance, News

10 Costly Retirement Planning Myths and Mistakes — and How to Avoid Them

Retirement is often imagined as a period of comfort and security — a time to travel, spend more time with family, and enjoy the fruits of decades of work. Yet, the reality for many retirees is more complicated.

Small misunderstandings and common assumptions, if left unchecked, can lead to major financial shortfalls. Some people underestimate how much they’ll spend, others put too much faith in Social Security, and many are caught off guard by healthcare bills or the impact of inflation.

The good news is that each of these traps can be avoided with some clear-eyed planning. Continue reading 10 Costly Retirement Planning Myths and Mistakes — and How to Avoid Them →

Finance, News

Brazil Announces $5.6 Billion Credit Program to Support Exporters Hit by U.S. Tariffs

razilian President Luiz Inácio Lula da Silva announced Tuesday that his government will provide 30 billion reais ($5.55 billion) in credit to help domestic exporters navigate newly increased tariffs from the United States.

Speaking in an interview with local outlet BandNews, Lula said the funding is an initial measure to assist companies facing higher U.S. import duties. The broader relief package, set to be formally unveiled Wednesday in Brasília, will also include government purchase programs aimed at bolstering affected industries.

According to the president’s office, the plan will be presented at an event scheduled for 11:30 a.m. local time (1430 GMT). The announcement follows earlier reports from Reuters that the government was considering reallocating around 30 billion reais from a fund managed by the state development bank BNDES to support businesses impacted by the tariff hikes.

Earlier this month, Washington raised tariffs on a wide range of Brazilian goods from 10% to 50%. Certain products, including orange juice and aircraft, were exempted from the increase. Continue reading Brazil Announces $5.6 Billion Credit Program to Support Exporters Hit by U.S. Tariffs →

Business, Finance, News

StubHub Revives $1 Billion IPO Plans with Updated Filing

StubHub, the online ticket resale giant, is once again preparing to go public after a months-long pause in its initial public offering (IPO) process. The company, which first filed a public S-1 registration with the U.S. Securities and Exchange Commission (SEC) in late March 2025, put its plans on hold in April amid heightened market uncertainty caused by new U.S. tariffs under the Trump administration.

On Monday, StubHub filed an updated S-1, this time including its financial results for the first quarter of 2025 — a move widely seen as a sign that the IPO is back on track. Industry observers say the revised filing suggests that the company could make its market debut as early as next month. Continue reading StubHub Revives $1 Billion IPO Plans with Updated Filing →

Business, Finance, News

U.S. Tariff Revenues Hit Record $27.7 Billion in July Amid Ongoing Trade Disputes

The U.S. government collected a record $27.7 billion in customs duties in July, fueled by President Donald Trump’s continued use of tariffs to reshape the nation’s trade policy. Treasury Department data released Tuesday shows this marks the highest monthly total on record, surpassing June’s $26.6 billion and May’s $22.2 billion.

The figure represents a sharp increase from roughly $8 billion in July 2024 and pushes total tariff revenue for the fiscal year — which ends September 30 — to approximately $135.7 billion. The surge underscores how tariff collections during Trump’s second term have far exceeded levels seen in his first term and in recent U.S. history. Continue reading U.S. Tariff Revenues Hit Record $27.7 Billion in July Amid Ongoing Trade Disputes →

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