Amy Gleason has been identified as the administrator of President Donald Trump’s Department of Government Efficiency (DOGE), multiple reports stated citing White House officials on Tuesday.The confirmation came shortly after White House Press Secretary Karoline Leavitt assured that Elon Musk was not the one in charge of the unit. However,…
US President Donald Trump has announced plans to replace the EB-5 immigrant investor visa program with a new “gold card” initiative, allowing wealthy foreigners to purchase a pathway to American citizenship for $5 million.Speaking to reporters on Tuesday, Trump said the EB-5 program—which grants green cards to foreign investors who…
Friedrich Merz is poised to become Germany’s next chancellor, but his victory may not deliver the stability many voters had hoped for.The 2025 election marks a major turning point for Germany, with a sharp rightward shift and the collapse of the center-left.Although Merz’s CDU/CSU secured the most votes, they fell…
For years, “quiet luxury”—with its muted colours, understated elegance, and absence of overt logos—has reigned supreme as the ultimate status symbol. But a shift is underway. America’s billionaires and wealthy consumers are increasingly embracing a bolder, more expressive approach, signaling a potential dethroning of the long-dominant trend.This year’s New York…
As acceptance letters trickle out, a new reality is setting in for families vying for a spot at Manhattan’s most prestigious private high schools: the cost of entry is edging ever closer to a staggering $70,000. This fall, tuition at several of New York City’s top institutions will reach unprecedented…
Mounting economic uncertainty is fueling speculation that the Federal Reserve may be compelled to resume cutting interest rates sooner than previously anticipated. Traders are increasingly betting on a June rate cut, potentially followed by another in September, as concerns grow over declining consumer confidence and rising inflation expectations.The catalyst for…
Constellation Research founder and chairman Ray Wang says a potential investment from Tesla Inc (NASDAQ: TSLA) in Japan’s Nissan Motor Co Ltd (TYO: 7201) would be a “brilliant move”.His remarks arrive shortly after reports that a powerful Japanese group is seeking a Tesla investment in Nissan after the latter failed…
Starbucks is making significant changes to its menu, with several beverages set to be discontinued next week. The coffee giant announced on Monday that starting Tuesday, March 4, it will remove a selection of drinks, including several blended Frappuccino varieties, the Royal English Breakfast Latte, and the White Hot Chocolate.“These…
Asia-Pacific markets traded mixed on Wednesday as investors reacted to overnight losses on Wall Street, driven by weak US consumer confidence data and a pullback in tech stocks. Japan’s Nikkei 225 and Australia’s ASX 200 extended their losing streaks, while Hong Kong’s Hang Seng index surged on optimism ahead of…
Alibaba has made its latest artificial intelligence model for video and image generation, Wan 2.1, publicly available, a move that is expected to accelerate adoption and intensify competition in the AI space. The Chinese e-commerce giant announced on Wednesday that the model is now open-source, making it accessible to researchers,…