Business

Nvidia Buys Hugging Face for $13 Billion, Keeping It Open Source

Nvidia agreed to acquire AI platform Hugging Face for $12.93 billion, pledging to keep the developer hub open source and independent of its own hardware.

Gloria Steinem, Feminist Icon and Ms. Magazine Co-Founder, Dies at 92

Gloria Steinem, journalist, activist and co-founder of Ms. Magazine, died at 92 at her New York City home, her foundation said Wednesday.

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

Iran Strikes US Bases in Kuwait as Trump Warns War Won’t Last Long

Kuwait's military intercepted Iranian missiles and drones Thursday as Tehran widened its retaliation against U.S. bases, with Trump warning strikes could r

Trump Confirms Xi Washington Visit This Month, Touts US Lead in AI Race

Trump said on Wednesday that Xi Jinping will visit Washington this month, calling the summit exciting and claiming a US lead in artificial intelligence.

Amgen Expands Ohio Manufacturing with $900 Million Investment

Amgen, the California-based biotechnology giant, has announced a $900 million expansion of its manufacturing facility in central Ohio, marking a significant move to bolster...

RWE Suspends U.S. Offshore Wind Projects Amid Political Shifts

German energy giant RWE, one of the world's leading offshore wind developers, has announced it has suspended work on its U.S. offshore wind projects...

DoorDash Makes $3.6 Billion Takeover Offer for Deliveroo

British meal delivery company Deliveroo announced it had received a takeover proposal from U.S.-based DoorDash on April 5, offering to buy all of its...

Codelco Reports Q1 Profit Drop Despite Slight Rise in Copper Production

Chilean miner Codelco, the world’s largest copper producer, reported a slight increase in production during the first quarter, although the gain was not enough...

California Proposes Testing of Autonomous Heavy-Duty Trucks on Public Roads

The California Department of Motor Vehicles announced a new proposal on Friday that would allow the testing of self-driving heavy-duty trucks and other large...

Third Point Builds Stake in Kenvue Amid Growing Activist Pressure

Billionaire investor Daniel Loeb's hedge fund, Third Point, is building a stake in Kenvue, the $44 billion consumer healthcare company known for brands like...

Emerging Markets Face Rising Debt and Slowing Growth Amid Trade Uncertainty

Emerging markets and developing countries are facing growing challenges as spiking trade uncertainty adds to their already significant debt burdens and sluggish economic growth....

Nike Sued Over NFT Collapse Following RTFKT Shutdown

Nike is facing a proposed class action lawsuit filed by purchasers of its Nike-themed non-fungible tokens (NFTs) and other cryptocurrency assets, who claim they...

Nissan Plans to End Wuhan Vehicle Production by 2026 Amid China Market Challenges

Nissan Motor is planning to halt vehicle production at its Wuhan plant in China by March 31, 2026, according to sources familiar with the...

Xi Jinping Calls for Self-Reliance in AI as China Accelerates Technological Development

Chinese President Xi Jinping has reaffirmed China's commitment to advancing artificial intelligence through self-reliance and systemic innovation, as reported by state media. During a...

Proposed U.S. Tariffs on Pharmaceutical Imports Could Lead to Price Increases

A proposed 25% tariff on pharmaceutical imports could lead to a significant increase in U.S. drug costs, potentially raising prices by as much as...

U.S. Stocks and Market Sentiment Set for Crucial Test in Upcoming Week

The upcoming week is set to be a crucial one for the markets, as investors face a number of significant events that could determine...

Pony.ai Partners with Tencent to Develop Autonomous Driving and Robotaxi Services

Chinese start-up Pony.ai announced a new partnership with Tencent Cloud to develop autonomous driving technology and introduce robotaxi services. This collaboration will allow Pony.ai...

Amazon Sellers Struggle with Rising Tariffs and Price Increases

For the past 10 years, Aaron Cordovez has been selling kitchen appliances on Amazon through his company, Zulay Kitchen. However, recent challenges have emerged...

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