Business

GM Unveils Two New V-8 Engines for 2027 Silverado and Sierra Pickups

General Motors revealed two new V-8 engines for its 2027 Silverado and Sierra pickups, doubling down on gas and diesel power as EV demand stays weak.

US Approves $24.3 Billion Sale of 48 F-35 Jets to Saudi Arabia

The US State Department approved a $24.3 billion sale of 48 F-35 stealth fighter jets to Saudi Arabia, the department said, notifying Congress of the deal.

Judge Orders 30-Day Notice on Any Kennedy Center Demolition After Trump Threat

Federal judge ordered 30 days' notice before any Kennedy Center demolition after Trump warned venue would be torn down.

Pennsylvania Demands CDC Recognize 4 Measles Deaths or Loses Aid Request

Pennsylvania is requesting CDC emergency support for a measles outbreak of 731 cases and four deaths, on condition the agency publicly recognizes the fatal

Applied Digital Stock Sits Near 52-Week Low as $5 Billion Debt Weighs

Applied Digital shares trade near a 52-week low after a 50% drop, weighed down by $5 billion in debt as it builds AI data centers with a $36 billion backlo

American Airlines Adds Seven International Routes on New XLR Jets for 2027

American Airlines will launch seven new international routes in 2027, using its Airbus A321XLR jets to link smaller European cities to Philadelphia and New

Nvidia Stock Climbs After Blockbuster Results Soothe AI Jitters

Nvidia shares rose Thursday after strong quarterly results and guidance eased AI demand worries, prompting Goldman Sachs and Citigroup to raise price targe

Okta Jumps 20%, CrowdStrike Surges 15% as AI Fuels Cyber Spending

Okta rose about 20% and CrowdStrike 15% on August 27 as AI-driven threats push companies to spend more on cybersecurity, lifting tech stocks.

Meta Agrees to $18bn Settlement, Adds Curfews and Time Limits for Child Users

Meta agreed to an $18 billion settlement and will add night curfews and two-hour daily limits for child users on Instagram and Facebook in the US.

Bank of America Says Buy Affirm Despite Modest Growth Guidance

Bank of America says Affirm shares could climb further after earnings, even as the buy now, pay later firm issued only a slight growth upgrade.

CXMT Posts 874% Revenue Surge in First Earnings Since Shanghai Listing

ChangXin Memory Technologies reported first-half revenue of 150.31 billion yuan, up 873.64%, in its first financial results as a listed company.

Take-Two Shares Climb After Grand Theft Auto 6 Preview Wins Over Fans

Take-Two shares climbed Friday after the Grand Theft Auto 6 preview drew praise from fans and bullish reactions from analysts ahead of a 2026 launch.

Tim Cook Rewired Apple Around Supply Chains, Proving You Need Not Be a Product Guy

Dismissed as "not a product guy," Tim Cook re-engineered Apple's operations into the world's most valuable company over 14 years as CEO.

Affirm Surges on Strong Outlook as CEO Flags $4.09 Gas Prices

Affirm shares jumped August 28 on an upbeat outlook, while CEO Max Levchin warned $4.09 gas prices are squeezing U.S. shoppers.

BioNTech Stock Tumbles 10% After Colorectal Cancer Vaccine Trial Fails

BioNTech shares dropped as much as 10% after terminating a colorectal cancer vaccine trial, with Moderna also falling 6% while Pfizer held flat.

Juul Wins FDA Clearance for Juul2 Device With Optional Age Verification

Juul Labs received FDA permission on August 28 to sell its Juul2 device, featuring optional age verification and updated tobacco and menthol cartridges.

Truist, Fifth Third Halt Sales of Mark Walter Insurer’s Products

Truist and Fifth Third paused sales of Delaware Life products this week as probes mount into the Mark Walter-controlled insurer, which denies any fraud.

PayPal Sinks 12% as Advent-Stripe Group Drops Buyout Pursuit

PayPal shares fell about 12% below $55 after an Advent-Stripe group abandoned its takeover pursuit, driving options volume to 134,092 contracts.

Rivian Shares Fall 6% as CFO Claire McDonough Departs for GE Vernova

Rivian stock dropped about 6% on Thursday after CFO Claire McDonough announced she would step down to join GE Vernova during the automaker's affordable-EV

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