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.

South Korea Investigates DeepSeek for Unauthorized Data Transfers

South Korea's data protection authority, the Personal Information Protection Commission (PIPC), has determined that Chinese AI startup DeepSeek collected personal data from local users...

ServiceNow Shares Surge After Strong Q1 Results and Upbeat Forecast

ServiceNow saw its shares surge more than 15% after posting stronger-than-expected first-quarter results and issuing an optimistic full-year forecast, despite the ongoing macroeconomic uncertainties....

Meta Lays Off Employees in Reality Labs as It Restructures for Future VR and AR Growth

Meta has made significant layoffs in its Reality Labs division, which focuses on developing virtual reality (VR), augmented reality (AR), and related wearable devices....

Waymo Surpasses 250,000 Weekly Robotaxi Rides as It Expands in the U.S.

Alphabet's autonomous vehicle division, Waymo, has hit a new milestone, now delivering more than 250,000 paid robotaxi rides per week across the United States....

Intel Warns of Recession Risks Amid Tariff Uncertainty and Trade Disruptions

Intel’s Chief Financial Officer David Zinsner warned that rising tariffs imposed by the U.S. and retaliatory measures from other countries are significantly increasing the...

Alphabet Flags Ad Headwinds Amid Tariff Uncertainty and Global Economic Jitters

Alphabet, the parent company of Google, acknowledged potential challenges to its core advertising business as global economic uncertainty, fueled by President Donald Trump’s new...

Procter & Gamble Cuts Forecast as Tariffs and Weaker Demand Hit Sales

Procter & Gamble posted mixed results for its fiscal third quarter, impacted by declining demand and market uncertainties. While the company slightly exceeded analysts’...

PepsiCo Cuts 2024 Forecast Amid Weak U.S. Demand and Economic Uncertainty

PepsiCo delivered mixed first-quarter results as strong international performance helped counterbalance weaker demand in North America. The company also lowered its full-year earnings forecast...

American Airlines Withdraws 2025 Guidance Amid Weak Leisure Demand and Economic Uncertainty

American Airlines has withdrawn its financial guidance for 2025, citing increasing economic uncertainty and a notable decline in domestic leisure travel. The decision places...

Hasbro Braces for $300M Impact From China Tariffs, Eyes Supply Chain Shift

Hasbro, the iconic toy maker behind brands like Play-Doh and Monopoly, reported stronger-than-expected earnings, but investor attention remained fixed on the escalating trade tensions...

U.S. Spirits Exports Hit Record $2.4 Billion Amid Trade Uncertainty

U.S. spirits exports surged to a record $2.4 billion in 2024, marking a significant rebound as distillers regained lost market share following the removal...

U.S. Home Sales Slide in March Amid High Mortgage Rates and Economic Worries

The spring housing market is off to a sluggish start, largely impacted by elevated mortgage rates and broader economic concerns. Sales of previously owned...

Tariffs Push Consumer Companies to Cut Forecasts Amid Economic Uncertainty

Consumer companies across various sectors are cutting their financial forecasts as tariffs continue to raise costs and dampen consumer sentiment. Major players, including Procter...

BMW to Integrate DeepSeek AI in China-Made Vehicles Starting This Year

BMW has announced plans to incorporate artificial intelligence developed by Chinese startup DeepSeek into its new vehicle models in China beginning later this year....

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