Economy

OpenAI on Wednesday announced that it now has 3 million paying business users, up from the 2 million it reported in February. The San Francisco-based startup rocketed into the mainstream…

Elon Musk’s brain tech startup Neuralink has closed a $650 million funding round, the company announced Monday. ARK Invest, Founders Fund, Sequoia Capital, Thrive Capital, Lightspeed Venture Partners and other…

Shares of Dollar General jumped nearly 16% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income shoppers amid fears that higher tariffs would hurt…

Tesla’s long-awaited entry into the robotaxi market — expected later this month — is coming to Austin, Texas, which has emerged as a key battleground for self-driving technology. CEO Elon…

Snacktime is nigh at the Golden Arches. On June 3, McDonald’s announced exactly when the Snack Wrap will return to partipating restaurants nationwide: July 10. And, thankfully, it’s not a…

Peloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on the many bikes and treadmills collecting dust in people’s homes.…

WINNING BIDDERS of the third round of green energy auction (GEA-3), which attracted over 7,500 megawatts (MW) worth of bids, are set to be announced next week, the Department of…

By Justine Irish D. Tabile, Reporter E-COMMERCE platform Lazada Philippines plans to invest at least P2 billion to expand its footprint in Mindanao, with the goal of making goods cheaper…

POWER prices on the Wholesale Electricity Spot Market (WESM) fell in May as supply growth outpaced that of demand, the Independent Electricity Market Operator of the Philippines (IEMOP) said.  IEMOP…

THE PHILIPPINES is looking to access an initial $100 million for the first tranche of the Geothermal Resource De-Risking Facility managed by the Asian Development Bank (ADB), the Department of…