Business

As of today, Chase Sapphire Reserve® cardholders who opened their accounts before June 23 can now take advantage of a refreshed lineup of perks designed to enhance their travel and lifestyle experiences. While these benefits have been available to new applicants since mid-June, existing cardholders can now activate and utilize them immediately, making it a prime time to explore the new offerings.

The latest updates focus on new statement credits spanning travel, entertainment, and lifestyle categories, along with significant changes to how points are earned and redeemed. Here’s a closer look at what’s new and how cardholders can maximize their benefits.

In a tale that intertwines ambition, wealth, and alleged criminality, Chen Zhi, a 37-year-old businessman, has been thrust into the spotlight as the alleged architect behind a staggering $14 billion cryptocurrency scam. The U.S. Department of Justice recently charged him with orchestrating a sprawling cyber-fraud enterprise operating out of Cambodia, leading to the largest cryptocurrency seizure in history. This article explores the enigmatic figure of Chen Zhi, his rapid ascent to wealth, and the dark allegations that now surround him.

In a significant move for the European aerospace sector, three of the continent’s largest companies—Airbus, Leonardo, and Thales—have announced plans to merge their space businesses into a new joint venture. This strategic collaboration, revealed on October 23, 2025, aims to bolster their competitiveness in the increasingly dynamic global space market.

The joint venture, which remains unnamed, will consolidate various space operations from each company. It will incorporate the Space Systems and Space Digital divisions from Airbus Defence and Space, the Space Division of Leonardo, and Thales’ interests in Telespazio and Thales Alenia Space. Notably, the venture will not encompass any launch vehicle activities, such as Airbus’ stake in ArianeGroup.

The financial services industry is mourning the loss of Doug Lebda, the founder and long-time CEO of LendingTree, who tragically died in an all-terrain vehicle accident on his family farm in North Carolina on October 12, 2025. He was 55 years old. The news of his passing has sent ripples through the business community, as many remember him not only for his innovative contributions but also for his personal warmth and leadership style.

In a dramatic announcement from the Oval Office, President Donald Trump revealed last week that Pfizer, the pharmaceutical giant, would voluntarily lower its drug prices for Americans. This announcement coincided with the introduction of TrumpRx, a forthcoming government website designed to allow U.S. patients to purchase prescription medications directly from manufacturers. The promise of reduced drug prices has been a perennial topic in American politics, capturing the attention of voters across the spectrum.

In a significant move aimed at revitalizing the Internal Revenue Service (IRS), U.S. Secretary of the Treasury and Acting Commissioner of the IRS, Scott Bessent, announced today that Frank Bisignano will take on the role of Chief Executive Officer (CEO) of the IRS. This newly established position will see Bisignano directly reporting to Bessent and managing the day-to-day operations of the agency, all while continuing his duties as the Commissioner of the Social Security Administration (SSA).

In a recent post on Truth Social, former President Donald Trump called on Google-owned YouTube TV to restore access to Univision, a prominent Spanish-language broadcast network. Trump’s appeal comes in light of the network’s favorable coverage of him and the Republican Party, particularly as the midterm elections approach. He stated, “I hope Univision, a great and very popular Hispanic Network, can get BACK onto the very amazing Google/YouTube… This is VERY BAD for Republicans in the upcoming Midterms.”

In a significant move for the telecommunications giant, Comcast has announced the appointment of Mike Cavanagh as co-CEO alongside Brian Roberts, effective January 2026. This leadership transition comes at a pivotal time for the company, which is navigating a rapidly evolving media landscape.

Cavanagh, who has been with Comcast for nearly a decade, currently serves as the president and will also join the board of directors upon his promotion. Brian Roberts, the long-standing leader of the company, will continue in his role as chairman and co-CEO. In a statement regarding the announcement, Roberts praised Cavanagh as a “trusted and collaborative leader” who is well-equipped to help steer the company through its current transformation.

In a significant move to bolster its AI capabilities, OpenAI has announced plans to construct five new AI data centers across the United States as part of its ambitious Stargate project. This initiative, developed in collaboration with technology giants Oracle and SoftBank, aims to enhance the company’s infrastructure to support the growing demand for advanced AI models.

The new data centers are set to dramatically increase Stargate’s capacity to 7 gigawatts, a substantial amount of energy that could power over 5 million homes. This expansion reflects OpenAI’s commitment to building a robust framework to train and deploy increasingly powerful AI systems.

In the world of high-net-worth investors, August 2025 proved to be a month of steady deal-making for family offices, despite ongoing tariff anxieties that have cast a shadow over investment strategies. According to exclusive data from Fintrx, family offices made 47 direct investments in various companies, a slight decrease from July’s 48. However, the year-over-year comparison reveals a stark decline of nearly 50%, indicating a cautious approach among ultra-wealthy investors.