Business

OpenAI Ad Business Hits $1 Billion Annualized Revenue Run Rate

OpenAI's advertising business has reached a $1 billion annualized revenue run rate as it rolls out ad tools on ChatGPT for businesses worldwide.

10-Year Treasury Yield Breaks Out, Rattling Stocks and Testing Bessent

The 10-year Treasury yield has broken higher, pressuring stocks and raising the prospect of 5% as government borrowing and inflation weigh on markets.

Trump’s MAGA Inc. Spends $10 Million on Texas Senate Ad Blitz

MAGA, Inc. reported spending $10 million on ads in the Texas Senate race, its first major midterm outlay, pitting Ken Paxton against James Talarico.

Trump Presses Apple to Rename Lake Ontario ‘Lake America’ on Maps

U.S. Interior Secretary says Apple may change 'Lake Ontario' to 'Lake America' on its maps after Trump talk, following Google's switch for U.S. users.

Micron Holds Third-Lowest Valuation in S&P 500 Despite AI Rally Lead

Micron trades at the third-lowest valuation in the S&P 500 despite leading the AI rally, as investors weigh its shift toward contracted memory revenue.

Hertz CEO Acknowledges Investor Bill Ackman’s Support as Stock Soars

Hertz CEO Gil West expressed gratitude and appreciation following remarks from billionaire investor Bill Ackman, whose investment firm, Pershing Square, recently acquired a 19.8%...

Global Firms Compete for $1 Billion District Cooling Business in Abu Dhabi

Global asset managers, including KKR and I Squared Capital, are competing to acquire a district cooling business owned by Abu Dhabi's Multiply Group, which...

COMAC Aircraft C909 Takes to Vietnam’s Skies

On Saturday, two Chinese-made COMAC aircraft, designated as C909, began flying commercial routes in Vietnam, marking a significant milestone for the Commercial Aircraft Corporation...

Trump Administration Expedited Permitting for Critical Mineral Projects

The White House has announced that it will expedite the permitting process for 10 mining projects across the United States as part of President...

Japan Considers Increasing Rice and Soybean Imports Amid U.S. Trade Talks

Japan is considering increasing its soybean and rice imports as part of trade negotiations with the U.S. over President Donald Trump's tariffs. Amid concerns...

Tesla Delays Production of Affordable Model Y, Targets 2026 Launch

Tesla's long-anticipated plans for an affordable electric vehicle have faced delays, including the production of a U.S.-made, budget-friendly version of its popular Model Y...

Impact of U.S.-China Trade War on Chinatown Businesses

In New York City's Chinatown, the escalating trade war between the U.S. and China is already affecting local businesses. The impact of President Donald...

Nvidia Responds to Congressional Investigation Over H20 Chip Exports to China

Nvidia has responded to the growing scrutiny over its H20 chip exports to China, asserting that it fully complies with U.S. government regulations on...

TSMC Denies Reports of Joint Venture Talks with Intel Amid Chip Industry Challenges

Taiwan Semiconductor Manufacturing Company (TSMC) has firmly denied reports suggesting that it is in discussions with Intel about a potential chipmaking joint venture. CEO...

House Committee Investigates 23andMe’s Bankruptcy Filing and Data Security Concerns

The House Committee on Energy and Commerce is investigating 23andMe’s decision to file for Chapter 11 bankruptcy protection, raising concerns that the company’s sensitive...

FDA Approves Precision Neuroscience’s Brain Implant System for Clinical Use

Precision Neuroscience, a neurotech startup, achieved a major milestone on Thursday with the U.S. Food and Drug Administration’s approval of a core component of...

Global Payments Shares Drop 17% After Worldpay Acquisition and Issuer Solutions Sale

Shares of Global Payments dropped 17% on Thursday following its announcement that it will acquire Worldpay for more than $24 billion while also selling...

New Jersey Attorney General Sues Discord Over Child Safety Concerns

The New Jersey Attorney General has filed a lawsuit against Discord, accusing the company of misleading consumers about its child safety features on the...

Google Faces Major Antitrust Setback in Online Ad Market

Google is facing increasing legal challenges as a U.S. federal judge ruled the company holds illegal monopolies in the online advertising market. The ruling...

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