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Friday, October 16, 2026
The New York Finance

Top Business News Around The World

Friday, October 16, 2026

Business

AI startup Perplexity confirms interest to buy TikTok

Artificial intelligence (AI) startup Perplexity on Friday expressed its interest in buying TikTok, which faces a deadline to divest from its Chinese owner or be banned in the United States. Perplexity in…

By The New York Finance Staff

Floyd Mayweather Jr. Joins Plus Brand with $30 Million Investment

Plus Brand Industries Inc, a leader in the healthy-living and technology-focused consumer packaged goods (CPG) sector, has announced the closing of a significant strategic investment from boxing legend and global entrepreneur Floyd…

By The New York Finance Staff

Lawmakers set to confirm Scott Bessent for US Treasury chief

The US Senate is widely expected to confirm billionaire hedge fund manager Scott Bessent for Treasury secretary Monday, putting him at the forefront of implementing Donald Trump’s economic agenda — which is…

By The New York Finance Staff

Social media companies slam Australia’s under-16 ban

Social media giants on Friday hit out at a landmark Australian law banning them from signing up under-16s, describing it as a rush job littered with “many unanswered questions”. The UN children’s…

By The New York Finance Staff

Average data breach cost jumps to $5 million

In 2024, the average cost of a data breach has surged to $4.88 million (£3.6 million), a significant financial strain on businesses worldwide. On the other hand, companies that invested in advanced…

By The New York Finance Staff