Business

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

NBA Suspends Clippers Owner Ballmer, Strips Five Draft Picks Over Kawhi Deal

The NBA suspended Clippers owner Steve Ballmer for one year, stripped five first-round draft picks and fined the team $30 million over the Kawhi Leonard ca

New York City Bans AI for Students Through 8th Grade for One Year

New York City announced a one-year ban on AI tools for students through eighth grade, with new literacy classes and screen-time caps for older students.

Two Killed and Suspect Dead in Downtown Minneapolis High-Rise Shooting

Two people were killed and seven wounded, including three police officers, in a shooting at a downtown Minneapolis high-rise Wednesday. The suspect is dead

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

Restaurant Brands Misses Q1 Targets but Sees Momentum Building

Restaurant Brands International reported first-quarter earnings and revenue that fell short of analysts’ expectations, as key brands like Tim Hortons, Burger King, and Popeyes...

Bill Gates Pledges $200 Billion in Charitable Giving by 2045

Bill Gates has announced plans to double his charitable giving, committing a total of $200 billion over the next two decades. In a blog...

Krispy Kreme Stock Drops 24% Amid McDonald’s Rollout Pause and Economic Uncertainty

Krispy Kreme's stock plunged by 24% on Thursday following the announcement that the company is halting its expansion into McDonald’s locations and retracting its...

How AI Is Quietly Transforming the Culinary World

At this year’s Michelin Guide awards in France, the buzz extended beyond the stars gained or lost. Conversations among chefs were increasingly dominated by...

Hong Kong’s Exchange Fund Posts HK$67.2 Billion Q1 Gain Amid Market Rally

Hong Kong’s Exchange Fund recorded a robust investment gain of HK$67.2 billion (US$8.7 billion) in the first quarter of 2025, driven by strong performances...

Alibaba Joins Instant Commerce Race with 10 Million Daily Orders Milestone

Chinese e-commerce giant Alibaba has made a powerful entrance into the instant commerce sector, achieving a major milestone of 10 million daily orders just...

Rivian to Invest $120 Million in Illinois Supplier Park Ahead of R2 SUV Production

Rivian has announced a $120 million investment to develop a new supplier park adjacent to its manufacturing facility in Normal, Illinois, as the electric...

TotalEnergies Plans $16 Billion Green Hydrogen and Ammonia Project in Chile

TotalEnergies, through its Chilean subsidiary TEC H2 MAG, has initiated the environmental permit process for a monumental $16 billion green hydrogen and ammonia project...

Warren Buffett to Stay on as Chairman as Greg Abel Takes Over as CEO

Warren Buffett, the legendary investor who transformed Berkshire Hathaway into one of the world's most respected conglomerates, will remain as chairman after stepping down...

Vertex Misses Estimates on Trikafta Sales but Raises Revenue Outlook

Vertex Pharmaceuticals reported lower-than-expected quarterly results, falling short of Wall Street estimates due to weaker sales of its cystic fibrosis drug Trikafta. The miss...

Williams CEO Alan Armstrong to Step Down as Company Raises Annual Profit Forecast

Williams Companies announced that CEO Alan Armstrong will step down after more than 14 years of leading the U.S. pipeline giant. Armstrong, who has...

Clorox Lowers Sales Forecast Amid Weak Consumer Demand and Trade War Uncertainty

Clorox has revised its annual sales forecast as the company grapples with weakening consumer demand driven by economic uncertainty linked to global trade tensions....

Coterra Energy Cuts Capital Spending Despite First-Quarter Profit Rise

Coterra Energy has reported a rise in first-quarter earnings but announced a downward revision to its capital expenditure plans for the rest of the...

CFTC Drops Appeal, Clearing Path for Kalshi’s Election Betting Contracts

The U.S. Commodity Futures Trading Commission has formally withdrawn its appeal of a federal court decision that permitted KalshiEX LLC, a New York-based derivatives...

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