Brunei News Gazette

Category: Economy

Wall Street Indexes Reach Record Highs Amidst AI Rally Pause

New york: Rising healthcare and consumer stocks lifted the Dow Jones Industrial Average on Wednesday to a record closing high, while the S and P 500 and the Nasdaq remained steady. Investors took a pause from the recent AI-led rally as they cautiously…

US Charges Google Engineer with Insider Trading on Polymarket

New york: The U.S. Justice Department has charged a Google software engineer with using insider information to rig bets tied to Google’s most-searched list on prediction market Polymarket, earning $1.2 million in profits, according to a complaint unse…

Brazil’s Airline Azul Exits Chapter 11 Bankruptcy Proceedings

Sao paulo: Brazilian airline Azul formally exited its bankruptcy proceedings in the United States on Friday, as announced in a securities filing by the company. The airline has successfully navigated the restructuring process, marking a significant mi…

Ferrari Aims at AI Generation with Crypto Auction for Le Mans Car

Maranello: Ferrari is venturing into the cryptocurrency market by launching a new digital token that will be used in an exclusive auction for its elite fans. The auction will feature the Ferrari 499P, the endurance car renowned for clinching three con…

US Food Banks Brace for Surge as Shutdown Threatens Benefits

Huntington: Cynthia Kirkhart, the CEO of Facing Hunger Foodbank in Huntington, West Virginia, has already had to explain to customers this year why the organization is rationing bags of potatoes. The food bank, which also serves households in Kentucky…

Bitcoin Hits All-Time High Above $125,000

Bitcoin: Bitcoin, the world’s largest cryptocurrency by market value, hit a record high on Sunday and was up nearly 2.7% at $125,245.57 at 0512 GMT.

According to Radio Television Brunei, Bitcoin’s previous record was $124,480 in mid-August, buoyed b…