Business

Qualcomm Stock Jumps 10% on $4 Billion Amazon Custom Chip Deal

Qualcomm shares rose about 10% after unveiling a roughly $4 billion custom chip partnership with Amazon for AI data centers, challenging Nvidia's lead.

Dow Sheds 500 Points as Oil Nears $100 on Saudi Houthi Attacks

The Dow dropped about 500 points Wednesday as Houthi attacks on Saudi Arabia injured 73 and drove oil toward $100 a barrel.

Dow Slides 400 Points as US-Iran Strikes Push Oil to Six-Week High

The Dow slid roughly 400 points as renewed U.S.-Iran attacks pushed Brent crude to a six-week high, with energy shares leading a mixed Wall Street session.

GE Aerospace to Buy Castings Maker CPP for $11.75 Billion

GE Aerospace said on Tuesday it will acquire castings maker Consolidated Precision Products for $11.75 billion from Warburg Pincus and Berkshire Partners.

UK Bans Trade From Israeli West Bank Settlements, Drawing US and Israeli Criticism

Britain said on Tuesday it will ban goods from Israeli settlements in the occupied West Bank, drawing criticism from the US, Israel and some British MPs.

WNBA Secures $2.2 Billion Media Rights Deal with Reevaluation Clause

The WNBA’s new media rights deal includes a price reevaluation after the 2028 season to reflect the league’s increasing popularity, according to sources familiar...

Rising Costs and Complexity of Third-Party Food Delivery Services

Food from the restaurant of your choosing, delivered right to your door — but at what cost? Third-party food delivery has become the norm for...

Fast-Food Chains Revive $5 Meal Deals to Attract Budget-Conscious Customers

Subway began phasing out its $5 footlong sandwiches a decade ago. However, fast-food chains are now reviving the $5 price point to attract budget-conscious...

Weilong Delicious Global Holdings Poised for Profit Surge Amid Economic Slowdown

Weilong Delicious Global Holdings, a prominent Chinese snack manufacturer, is poised to attract heightened investor attention following an anticipated profit surge in the first...

Chinese Brands Leverage Paris Summer Olympics to Boost Global Presence

Chinese companies are capitalizing on the Paris Summer Olympics to enhance their brand visibility both domestically and internationally. Among the prominent names, dairy giant...

Alibaba Waives Tmall Service Fees and Adjusts Refund Policy to Support Merchants

Chinese e-commerce giant Alibaba Group Holding has announced significant changes to support merchants on its platforms. Starting September 1, Alibaba will waive the annual...

China Securities Faces Backlash After Intern Leaks Sensitive Client Information

China Securities, the sixth-largest brokerage in mainland China, is facing significant backlash after an intern leaked sensitive client information, further destabilizing the country's embattled...

Hong Kong Property Market Slows Amid Heavy Rain and Steep Discounts

Heavy rain in Hong Kong and high interest rates dampened property sales in the New Territories on Saturday, even with steep discounts offered by...

Colgate-Palmolive Raises Annual Profit and Sales Forecasts on Strong Q2 Performance

Colgate-Palmolive, the renowned toothpaste maker, announced an upward revision of its annual profit and organic sales forecasts on Friday following a robust second-quarter performance...

Bristol Myers Squibb Reports Strong Q2 Results, Boosts Full-Year Earnings Forecast

Bristol Myers Squibb posted impressive second-quarter results, driven by the strong performance of new products like the anemia treatment Reblozyl and heart drug Camzyos,...

Union Pacific Under Scrutiny for Interference in Federal Safety Audit

Union Pacific, a leading U.S. railroad company, is under investigation for allegedly interfering with a federal safety audit. This interference prompted the Federal Railroad...

Apollo Global Management Invests $700 Million in Sony Music Group for High-Grade Alternative Assets

Apollo Global Management, a major player in private equity, has made a significant investment of $700 million in the renowned record label Sony Music...

Federal Reserve Prepares for Potential Rate Cuts Amid Signs of Easing Inflation

U.S. Federal Reserve policymakers received new evidence on Friday suggesting significant progress in their ongoing battle against inflation. This development has fueled expectations that...

U.S. Investors Continue Strong Equity Fund Inflows Amid Earnings Season

U.S. investors continued their bullish stance on equity funds in the week leading up to July 24, injecting $5.7 billion into these funds despite...

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