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iPhone maker Foxconn plans $1.54 billion India plant

Foxconn is investing $1.54 billion in an iPhone manufacturing plant in India, doubling its investment. Foxconn has increased production in India since leaving a $19.5 billion processor manufacturing joint venture with Vedeanta. Foxconn invested $500 million in two Karnataka, southern India, plants in August 2023. Foxconn parent company Hon Hai …

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Homeowners and buyers panic after Fidelity National Financial ransomware catastrophe

Fidelity National Financial, the “leading provider of title insurance and escrow services and North America’s largest title insurance company,” announced a cyberattack on Tuesday. Since then, homeowners with mortgages and prospective buyers buying properties from FNF or one of its many subsidiaries have been confused and worried about what to …

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Shein files confidentially for US IPO

Multiple media reports say Singapore-based fast-fashion platform Shein has secretly planned a US IPO. The Wall Street Journal reported it Monday. This year, Shein raised $2 billion at a $66 billion valuation, but it could go public at $90 billion. As previously reported, the online fashion upstart, which disrupted Zara …

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