Business — Civic News India

2 months ago

Tariff Evasion Scheme Costs U.S. Billions

The White House reports companies are evading tariffs through transshipment, costing the U.S. up to $26 billion in annual tax revenue. Here's what's happening.

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Business

Aug 14, 2026

Anthropic $2T IPO: Profit Doubts Emerge

Anthropic targets a $2 trillion IPO valuation, but its thin profit margins raise questions about whether it can deliver Amazon-style earnings to justify the price.

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Business

Aug 14, 2026

Greenland Oil Drilling Delayed to 2027 Amid Opposition

A small Texas driller's plan to create an oil boom in Greenland faces another delay, pushing the first test well to the end of 2027 amid local opposition and regulatory hurdles.

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Business

Aug 13, 2026

OpenAI Study: AI Use Doesn't Boost Revenue Per Employee

OpenAI's latest research reveals no correlation between AI adoption and revenue per employee, challenging assumptions about AI's business impact.

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Business

Aug 13, 2026

Philippines Energy Crisis: CEO Urges All Power Sources

Prime Infra CEO Guillaume Lucci says the Philippines needs "energy of all sorts" to build energy security after a nationwide crisis, balancing reliability, affordability, and decarbonization.

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Business

Aug 12, 2026

AI Money Debate: Saylor vs Musk on Future Value

Billionaire Michael Saylor pushes back on Elon Musk's AI prediction that money will become irrelevant, citing human nature and status-seeking behavior as key reasons.

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Business

Aug 12, 2026

Canva Cuts Growth Forecast as AI Costs Surge

Canva slashed its expected revenue growth rate to 20% after AI feature costs soared. The design company slowed its AI rollout to fix economics.

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Business

Aug 12, 2026

Silicon Valley Schools Launch Mini Venture Funds

Private schools in Silicon Valley are replacing traditional galas with miniature venture capital funds, guided by parent-investors from top firms like Sequoia and Lightspeed.

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Business

Aug 12, 2026

Iran's $20B Strait of Hormuz Toll Demand Faces Rejection

Iran's demand for a Strait of Hormuz toll could raise $20 billion yearly, but analysts say the fee system won't be accepted by the U.S. or Gulf neighbors.

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Business

Aug 11, 2026

Trump Media Reports $238M Crypto Loss

Trump Media & Technology Group reported a $238 million second-quarter loss, with over $190 million tied to falling Bitcoin and digital asset values.

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Business

Aug 11, 2026

Aging America's Hidden Tax on Family Finances

CareScout CEO explains how aging Baby Boomers create a hidden economic tax on families, widening wealth gaps and straining resources across America.

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Business

Aug 11, 2026

Success Trap: Why CEOs Want to Quit

Arianna Huffington reveals that many CEOs feel unhappy and trapped in their multimillion-dollar jobs, despite outward success and financial rewards.

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