Business & Economy3 stories
Amazon shares fell by more than 11% in after-hours trading after it announced a significant increase in annual spending to $200 billion for this year, primarily towards artificial intelligence. This follows a trend in cryptocurrency, where Bitcoin's value has plummeted to its lowest level in 15 months, now at $66,000, despite support from US President Donald Trump. In contrast, the Mansa-X Special Funds, managed by Standard Investment Bank, have surpassed the $1 billion (Sh129 billion) mark in assets under management. This growth was driven by strong investment performance in 2025, making them Kenya’s largest special Collective Investment Scheme.
