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.

3M Increases Annual Profit Forecast Amid Restructuring and High-Demand Sectors

Industrial conglomerate 3M has raised the lower end of its annual adjusted profit forecast, thanks to successful restructuring efforts and growing demand in high-tech...

LinkedIn Settles Class Action Lawsuit Over Inflated Video Ad Metrics for $6.625 Million

LinkedIn has agreed to a $6.625 million settlement to resolve a proposed class action lawsuit that accused the Microsoft-owned unit of overcharging advertisers by...

Nasdaq Leads Wall Street Gains as Tech Stocks Rebound and Inflation Data Aligns with Expectations

Wall Street’s primary indexes opened higher on Friday, with the Nasdaq Composite taking the lead as most megacap tech and chip stocks rebounded from...

U.S. Inflation Moderates in June, Raising Hopes for September Rate Cuts

U.S. prices rose modestly in June as the cost of goods fell, balancing an increase in service prices. This indicates an improving inflation landscape...

Viking Therapeutics Advances Weight Loss Injection to Late-Stage Trial, Shares Surge 28%

Shares of Viking Therapeutics surged by 28% on Thursday following the biotech company’s announcement that it will advance its experimental weight loss injection, VK2735,...

Southwest Airlines Overhauls Business Model with Assigned Seating and Extra Legroom

Southwest Airlines is set to implement the most significant changes to its business model in 53 years by introducing assigned seating and extra legroom...

Ford Leads Decline in U.S. Automotive Stocks Amid Disappointing Earnings

Ford Motor Company is leading a significant decline in major U.S. automotive stocks this week following disappointing earnings results and growing investor skepticism regarding...

Boeing’s Starliner Mission Extended: NASA and Boeing Address Issues Before Return

Boeing’s crew spacecraft, Starliner, will stay docked with the International Space Station (ISS) into August, NASA confirmed on Thursday. The mission, which is currently...

Deadpool & Wolverine Set to Break Box Office Records with R-Rated Marvel Cinematic Universe Debut

The “Merc with a Mouth” returns to the big screen this weekend, bringing an R-rating to Disney’s Marvel Cinematic Universe. "Deadpool & Wolverine," the...

General Motors Unveils 2025 Chevy Corvette ZR1: Most Powerful Corvette Yet

General Motors’ latest Chevrolet Corvette will be the most powerful version of the iconic American sports car ever produced. The 2025 Chevy Corvette ZR1...

LVMH Becomes First Luxury Brand to Sponsor the Olympics

For the first time, a luxury brand has become an official Olympic sponsor, and it's none other than the extensive empire of LVMH. "We...

Bristol Myers Squibb Q2 Earnings Exceed Expectations, Raises 2024 Guidance

Bristol Myers Squibb reported impressive second-quarter earnings and revenue, surpassing Wall Street expectations and leading to an increase in its full-year guidance. The pharmaceutical...

Regulatory Concerns and Market Dynamics Shape Future of Media Mergers

Comcast CEO Brian Roberts recently conveyed a clear message to Warner Bros. Discovery CEO David Zaslav: acquisitions are not on his agenda. During Comcast’s...

Paris Olympics: A Golden Opportunity for Peacock to Shine

The Paris Olympics present a significant opportunity for Comcast to elevate its streaming platform, Peacock, aiming not only to attract more subscribers but also...

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