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

US Appeals Court Backs Nevada Oversight of Kalshi Sports Prediction Markets

The Ninth Circuit ruled Kalshi cannot block Nevada oversight of its sports prediction contracts, lifting DraftKings and Flutter shares and setting up a Sup

Dollar Climbs, 2-Year Yields Rise After Warsh Signals Higher Rates

The dollar climbed and 2-year Treasury yields rose after Fed Chair Kevin Warsh's Friday speech emphasized delivering stable prices, lifting rate-hike bets.

Marvell Shares Fall 8% as AI Outlook Disappoints Despite 37% Revenue Jump

Marvell shares dropped 8% Friday after its fiscal 2028 outlook underwhelmed, despite 37% revenue growth, as investors questioned timing of a Google AI deal

Nvidia Earnings Beat Fails to Lift Broader Chip Sector This Week

Nvidia posted blockbuster results on August 28, but the wider chip sector closed mixed across the US, Europe and Asia, exposing a narrowing AI trade.

Gap Raises Profit Forecast, Names New Old Navy CEO as Shares Jump 9%

Gap raised its annual profit forecast and named a new Old Navy CEO on Thursday as shares jumped 9%, with the namesake brand outperforming.

Warsh Heads to Jackson Hole Without Clear Inflation Signal, Markets Watch Closely

Fed Chairman Kevin Warsh heads to Jackson Hole without a firm inflation position, as prediction markets bet he avoids mentioning rate cuts.

UK Demands Meta Extend US Teen Safety Rules to British Users

Britain expects Meta to roll out the same child safety defaults it agreed to in a US settlement worth up to $18bn, adding fresh regulatory pressure.

Anthropic Unveils Model Hardware Standard Letting AI Agents Operate Machines

Anthropic launched the Model Hardware Standard on August 27, a research-preview framework letting AI agents operate physical devices, with open sourcing pl

SK Hynix Breaks Ground on $4 Billion Indiana AI Chip Plant, Output From 2029

SK Hynix held a groundbreaking ceremony Wednesday for its first U.S. facility, a $4 billion Indiana AI memory packaging plant, with output from 2029.

CrowdStrike Jumps 11% on Record Quarter as AI Fears Drive Cyber Demand

CrowdStrike shares rose about 11% on August 26 after a record quarter, with rising AI threats driving demand for advanced cybersecurity tools.

Nvidia Revenue Doubles to $96.2 Billion as AI Chip Demand Surges

Nvidia reported Q2 revenue of $96.22 billion, more than double a year earlier, as AI chip demand beat Wall Street forecasts. Shares slipped in after-hours

Salesforce Stock Jumps 14% on AI Growth, Deeper Anthropic Ties

Salesforce shares surged as much as 14% on August 26 after beating quarterly forecasts and expanding its Anthropic AI partnership.

Bath & Body Works Raises Profit Forecast as Online Sales Offset Weak Stores

Bath & Body Works lifted its annual profit forecast as online demand offset weak store traffic, though it guided to lower third-quarter earnings.

FDA Approves Revolution Medicines Pancreatic Cancer Pill Daraxonrasib

The FDA granted expedited approval to daraxonrasib, a first-of-its-kind pill targeting the mutated protein behind over 90% of pancreatic cancer cases.

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