Companies

Brad Lightcap Leaves OpenAI for New Venture Amid Executive Shakeup

OpenAI COO Brad Lightcap is departing to start his own company, extending a wave of senior executive exits at the AI lab.

Alpha Compute to Buy Pennsylvania Land for $55 Million Data Center Campus

Alpha Compute plans to acquire land and gas rights in Pennsylvania for a $55 million data center campus powered by on-site natural gas.

Sea Limited Shares Surge 9% as Revenue Climbs 48% and Shopee Outlook Strengthens

Sea Limited shares rose about 9% after quarterly revenue climbed 48% and the company delivered a stronger outlook for its Shopee e-commerce business.

US Existing Home Sales Fall 1.7% in July as Record Prices Deter Buyers

US existing home sales dropped 1.7% in July as record prices and the highest mortgage rates in a year kept many prospective buyers out of the market.

Barclays Downgrades Gap and Under Armour in U.S. Apparel Retailer Reshuffle

Barclays cut its ratings on Gap and Under Armour in a reshuffle of U.S. apparel retailers, citing limited upside amid uneven consumer demand.

Uber Issues Soft Third-Quarter Outlook While Deepening Robotaxi Investment Push

Uber posted weaker-than-expected third-quarter guidance while pledging deeper investment in robotaxi and autonomous vehicle technology as a long-term growt

Citadel Posts Best Month in Years After Buying Situational Awareness Stocks at Discount

Ken Griffin's Citadel notched its strongest month in years in July after acquiring Situational Awareness's public stocks at a discount.

Under Armour Deepens Annual Sales Forecast Cut on Weak North America Demand

Under Armour lowered its full-year revenue forecast after first-quarter sales fell, citing weak North America demand and tariff pressures.

Berkshire Hathaway Profit Doubles as New CEO Abel Begins Deploying Cash Hoard

Berkshire Hathaway's quarterly profit doubled as new CEO Greg Abel accelerated share buybacks and began drawing down the conglomerate's massive cash pile.

Diageo Pursues Streamlined Strategy Under New CEO as India Flags Whisky Labelling Concerns

Diageo pursues a streamlined strategy under new CEO Dave Lewis while Indian regulators flag a potentially misleading whisky maturation claim.

Rockstar Energy Founder Builds Celsius Stake, Pushes Bid to Become CEO

Rockstar Energy founder Russ Savage has built a 4.7% stake in Celsius Holdings and is pushing to become CEO, sending the energy drink maker's shares higher

New Mexico Court Orders Meta to Pay $567 Million, Overhaul Youth Protections

A New Mexico court ordered Meta to pay $567 million and overhaul Facebook and Instagram to protect minors, bringing its total liability to $942 million.

Burger King Overtakes Wendy’s as America’s Second-Largest Burger Chain

Burger King has overtaken Wendy's as America's second-largest burger chain by system-wide sales, powering profit growth at parent Restaurant Brands Interna

SpaceX Rebounds 11% as Argus Upgrade Backs Musk’s AI Investment Strategy

SpaceX shares jumped 11% after Argus upgraded the stock, backing its AI investment strategy and reversing recent investor concern over spending and lockup

Joby Aviation Shares Climb 9% on Raised Guidance as eVTOL Peers Lag Behind

Joby Aviation shares rose about 9% after the eVTOL maker lifted its guidance, while peers Archer Aviation and EHang sat out the rally.

FAA Orders Crack Inspections for Hundreds of Boeing 737 Max Jets

The FAA has finalized a directive requiring crack inspections for 471 Boeing 737 Max jets, effective September 10, following reports in older models.

Nintendo Shares Jump 5% as Profit Surges on Game Software Sales and Raised Outlook

Nintendo shares rose about 5% after a quarterly profit surge driven by strong game software sales, the Mario movie, and rising Switch 2 optimism.

Virginia Governor Moves to Intervene in Dominion-NextEra Merger Over Electricity Price Fears

Virginia's governor will file to intervene in the Dominion-NextEra Energy merger, citing concerns that the deal could raise electricity prices for consumer

Sweetgreen Cuts Full-Year Outlook as Cyclospora Fears Dampen Salad Sales

Sweetgreen lowered its full-year sales forecast and recalled jalapenos as a wider cyclospora outbreak dampens consumer demand, despite no direct link to th

- A word from our sponsors -

spot_img

Follow us

HomeBusinessCompanies