Business

Broadcom Stock Falls as In-Line Guidance Leaves Investors Wanting More

Broadcom shares dropped after quarterly guidance met analyst estimates but fell short of the higher bar investors had set for its AI business.

Snowflake Stock Spikes 22% After AI-Fueled Forecast Beats Estimates

Snowflake shares spiked about 22% after the data-cloud company beat estimates with an AI-fueled forecast and momentum in its code-writing agent.

Netherlands Moves $10bn in Gold From US and Canada to London

The Dutch central bank has shifted about $10 billion in gold from the US and Canada to the Bank of England, citing crisis preparedness and faster tradabili

Global Bond Yields Soar as Higher-Rate Era Squeezes Borrowers Worldwide

Government bond yields climbed across the U.S., Japan, and Europe this week, driven by heavy debt issuance, an oil-price shock, and expectations of prolong

Trump Threatens to Cut Trade With Deficit Nations Unless Fed Lowers Rates

President Trump threatened on Friday to cut trade with deficit nations unless the Federal Reserve lowers interest rates ahead of its September meeting.

Chinese Authorities Urge E-Commerce Platforms to End Refund-Without-Return Policy

Chinese authorities have directed e-commerce platform operators to cease the practice of refunding customers without requiring the return of goods, in an effort to...

Xiaomi Denies YU7 Electric SUV Launch Delay Amid Shanghai Auto Show Absence

Xiaomi, the Chinese tech giant, has denied reports suggesting a delay in the launch of its highly anticipated YU7 electric SUV. In a statement...

CATL Unveils Breakthrough Superfast Charging Battery and New Sodium-Ion Tech

On Monday, China’s CATL, the world’s largest supplier of electric vehicle (EV) batteries, unveiled a range of new products, including a groundbreaking superfast charging...

Instagram Launches Edits App as Rival to TikTok’s CapCut

On Tuesday, Instagram launched its new standalone video creation app called Edits, designed to offer a suite of tools for creators to shoot, organize,...

Tesla Short Sellers Gain $11.5 Billion as Stock Plunges in 2025

Tesla shareholders have faced a punishing 2025 so far, while short sellers betting against the stock have enjoyed extraordinary profits. According to S3 Partners,...

Meta Faces $7 Billion Ad Revenue Risk Amid China Tariffs and Retail Pullback

Meta’s core advertising business may suffer a significant financial blow this year, with analysts projecting a potential $7 billion revenue loss due to escalating...

Tesla Eyes India Entry Amid Trade Tensions and Tariff Challenges

Tesla is carefully weighing its entry into the Indian market, according to Chief Financial Officer Vaibhav Taneja, who spoke during an earnings call on...

Tesla’s Optimus Robot Production Hit by China’s Rare Earth Export Curbs

Tesla CEO Elon Musk has confirmed that China’s newly imposed export controls on rare earth magnets are affecting the company’s production of its Optimus...

Fruitist Surpasses $400M in Sales with Jumbo Blueberries, Eyes IPO

Fruitist, a berry-focused startup formerly known as Agrovision, has officially rebranded as it crosses a major milestone of $400 million in annual sales. Known...

Manhattan’s $110M Penthouse Defies Market Volatility Amid Tariff Turmoil

As global markets react to trade uncertainty and steep declines in the Dow Jones Industrial Average, New York’s luxury real estate market is showcasing...

RTX and GE Aerospace Face $1 Billion Tariff Impact Under New Trade Policy

RTX and GE Aerospace, two of the United States’ leading aerospace and defense manufacturers, are bracing for a combined financial impact of over $1...

Max Introduces Extra Member Add-On to Curb Password Sharing

Warner Bros. Discovery has rolled out a new feature on its streaming platform Max aimed at addressing the widespread issue of password sharing. The...

U.S. Auto Industry Unites Against Proposed 25% Tariffs on Parts

Six major policy groups representing nearly the entire U.S. automotive sector have joined forces to oppose the Trump administration’s planned 25% tariffs on imported...

FDA Moves to Eliminate Artificial Food Dyes by End of 2025

The FDA has announced a plan to phase out the use of petroleum-based synthetic food dyes from the U.S. food supply by the end...

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