Inflation rose by less than expected in May, which analysts said reduced the likelihood of another interest rate hike.
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SpaceX roared past Amazon’s market valuation on Tuesday and briefly topped that of Microsoft.
Microsoft’s Xbox division is reportedly planning major layoffs next month and significant cuts to marketing and other budgets.
Altron FinTech’s household resilience index gives merchants and lenders early warning of consumer financial strain.
OpenAI’s listing will join SpaceX and Anthropic in a trio of trillion-dollar debuts testing investor appetite.
Business is calling for urgent intervention to stabilise a city that accounts for 16% of South Africa’s GDP.
Orders of about $150-billion, double the $75-billion target, mark impressive demand for the largest IPO ever.
Elon Musk’s SpaceX wants a $1.75-trillion valuation despite posting a near-$5-billion loss last year.
Telkom CEO Serame Taukobong sees at least four to five more years of data-driven growth, and not only on mobile.
Inflation hit 4% in April as the Iran war lifted fuel costs, prompting the Reserve Bank to tighten monetary policy.