Business

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.

Automotive Lynn Hatem -

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.

Middle East Aarav Shen -

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.

America Aarav Shen -

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

America Aarav Shen -

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

Business Aarav Shen -

Latest

Nvidia Warns Customers of AI Server Price Hikes Above 15%

Nvidia has told major customers that servers containing its AI chips could rise more than 15% in price, driven by soaring memory costs, Bloomberg reported.

Paramount and California Set Monday Talks to Settle Warner Bros. Lawsuit

Paramount and California's attorney general plan preliminary talks Monday to discuss settling an antitrust lawsuit over the proposed Warner Bros. Discovery

Warren Buffett Still Steers Berkshire Stock Picks as Abel Runs Company

Warren Buffett and portfolio manager Ted Weschler appear to be making Berkshire Hathaway's equity decisions while CEO Greg Abel runs operations.

State Farm Returns $5 Billion to Auto Policyholders Insured in 2025

State Farm will pay roughly $5 billion in cash-back dividends to auto policyholders insured in 2025. Here's who qualifies and how to check eligibility.

Treasury’s Doubled Bond Buybacks Push Bitcoin Toward $80,000 as ETF Flows Reverse

Bitcoin surged toward $80,000 after the U.S. Treasury said it would double bond buybacks, reversing ETF outflows and weakening the dollar.

US Treasury Doubles Bond Buybacks as National Debt Hits $40 Trillion

The U.S. Treasury has doubled its bond buyback operations as national debt reached $40 trillion, aiming to steady demand amid rising long-term yields.

Trump Lifts Tariffs on 300,000 Tonnes of Ground Beef for 90 Days

President Trump will allow tariff-free imports of up to 300,000 metric tonnes of ground beef for 90 days to ease U.S. prices amid a shrinking cattle herd.

Tesla Recalls 3 Million Vehicles in China Over Door Handles

Tesla will voluntarily recall about 3 million vehicles in China over door handle safety and driver monitoring flaws, the country's largest auto recall.

Bessent’s Treasury Bond Buying Drives Inflation Bets to Two-Month High

Scott Bessent's Treasury intervention in bond markets is stirring inflation worries, with breakeven rates hitting two-month highs and testing Fed credibili

Shein Delays Hong Kong IPO to September After Four-Year Listing Struggle

Shein has pushed its Hong Kong stock market debut to no later than September 1, extending a four-year effort to go public across three cities.

30-Year Treasury Yield Tops 5.3%, Highest Since 2007

The 30-year U.S. Treasury yield climbed above 5.3% the week of August 21 as national debt nears $40 trillion, reviving fiscal warnings and 1987 comparisons

Griffin Says Citadel Shed Over $4 Billion of Situational Awareness Bets

Ken Griffin told clients on August 21 that Citadel unwound more than 80% of the risk from its Situational Awareness acquisition, selling over $4 billion in