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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

Apple Sets Sept. 9 iPhone Event, First Under CEO John Ternus

Apple will hold its next iPhone launch event on September 9, its first under new CEO John Ternus, with a folding phone expected to debut.

Abercrombie & Fitch Soars 37% on $100M Tariff Refund and Raised Guidance

Abercrombie & Fitch shares jumped 37% Wednesday after a roughly $100 million tariff refund, raised guidance and a 15th straight quarter of sales growth.

Anthropic Signs $45 Billion Cloud Deal With Nscale for AI Compute

Anthropic will pay Nscale $45 billion to rent about 460 megawatts of AI compute at a West Virginia data center, according to a report published August 26.

Vanguard Acquires Fintech Platform Altruist in $4 Billion Deal

Vanguard has agreed to buy fintech platform Altruist for about $4 billion, expanding its reach into the independent financial advice market.

Druckenmiller Warns Bessent Will Lose Battle to Suppress US Bond Yields

Billionaire investor Stanley Druckenmiller warned on August 25 that his former protege Scott Bessent cannot win his effort to suppress US bond yields.

US Core Inflation Rises 3.3% in July, Clouding Fed’s Rate Path

US core PCE prices rose 3.3% annually in July, below forecasts but above the Fed's 2% target, clouding the outlook for September interest rate decisions.

Treasury Yields Hold Flat After Sticky PCE Data Ahead of Jackson Hole

The 10-year Treasury yield held flat Wednesday after core PCE inflation came in as expected, keeping Fed rate-hike bets intact before Jackson Hole.

US Inflation Holds at 3.7% in July, Well Above Fed’s 2% Target

US PCE inflation held at 3.7% in July, above the Fed's 2% target, as core prices stayed at 3.3% and second-quarter GDP was unrevised at 1.5%.

MiniMax Revenue Surges 283% to $116.6 Million on Enterprise Demand

Chinese AI firm MiniMax posted a 283% jump in first-half revenue to US$116.6 million, led by a 700% rise in enterprise sales, but trailed annual forecasts.

Bill Gates Urges ‘Human Reserved’ Jobs to Shield Up to 40% From AI

Bill Gates called in an August 26 essay for legally protecting certain jobs from AI, with reports citing up to 40% of roles reserved for humans.

Options Traders Bet on Nvidia’s Calmest Earnings Reaction Since AI Boom

Options traders are pricing the smallest post-earnings move for Nvidia in years, a shift some AI bulls view as an opportunity ahead of the chipmaker's repo

Dick’s Sporting Goods Cuts Forecast as Footwear Demand Weakens, Stock Plunges

Dick's Sporting Goods missed Q2 revenue estimates and cut its annual forecast Tuesday, citing weak footwear demand and sending shares sharply lower.

Tesla Raises Cybertruck Prices by $5,000 as Sales Slump in U.S.

Tesla increased prices on two Cybertruck trims by $5,000 each in the U.S. as the electric pickup struggles with slowing sales.

Xpeng Shares Sink on Weak Delivery Outlook Despite $6.3 Billion Robot Valuation

Xpeng shares fell Monday as a weak delivery forecast overshadowed a $6.3 billion valuation for its robotics business, keeping focus on core EV demand.

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