5h ago
Pentagon to seek about $80 billion from Congress for Iran war costs and other expenses
The US Defense Department plans to ask Congress for around $80 billion in wartime funding to cover costs from the Iran war and other expenses. The conflict has disrupted shipping through the Strait of Hormuz, a key route for global oil supplies that carries about 20% of seaborne crude. The Pentagon has said the war’s cost has climbed to nearly $29 billion and that tight weapons stockpiles have affected arms sales to Taiwan. Democrats say President Donald Trump launched the war without congressional authorization, violating the War Powers Act.
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5h ago
2d ago
Meta rolls out Rs 99-a-month subscriptions for Facebook, Instagram and WhatsApp as it tests AI tiers up to Rs 1,939
Meta has launched paid subscription plans globally for Facebook, Instagram and WhatsApp, pricing standard tiers at Rs 99 per month, and is testing higher-end AI subscriptions including Meta One Premium at Rs 1,939 per month. The move comes as the company ramps up spending on AI infrastructure, lifting its 2026 capital expenditure forecast to $125 billion-$145 billion. User response has been muted, and analysts point out that 97.6% of Meta’s revenue last year still came from advertising, raising questions about how meaningful subscriptions can be. The development is tied directly to Meta shares, with no evidence it affects other traditional assets.
2d ago