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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.

Samsung’s HBM3 Chips Cleared for Nvidia’s China-Focused GPUs

Samsung Electronics' fourth-generation high bandwidth memory (HBM3) chips have been approved by Nvidia for use in its processors for the first time, according to...

LG Energy Solution Explores Chinese Partnerships for Low-Cost EV Batteries in Europe

South Korea's LG Energy Solution (LGES) is negotiating with three Chinese suppliers to produce cost-effective electric vehicle (EV) batteries for the European market. This...

Elon Musk Polls Social Media on $5 Billion Tesla Investment in AI Startup xAI

Tesla CEO Elon Musk recently launched a poll on social media platform X to gauge user opinion on whether the electric carmaker should invest...

European Markets Brace for Volatility Amid Earnings Reports and Economic Data

A sales miss by luxury giant LVMH, attributed to restrained spending by Chinese shoppers, coupled with disappointing results from major U.S. tech firms Tesla...

UPS Lowers 2024 Revenue Forecast Amid Q2 Earnings Miss and Volume Shifts

United Parcel Service (UPS) reported lower-than-expected profit and revenue for the second quarter and adjusted its 2024 revenue guidance. The company's stock fell 12%,...

Coca-Cola Raises 2024 Outlook Amid Rising Global Demand

Coca-Cola announced on Tuesday an upward revision to its full-year outlook for 2024, driven by increased global demand in the second quarter. The beverage...

GM Delays Electric Truck Plant and Buick’s First EV, Revises Production Goals

General Motors (GM) announced a six-month delay in retooling its electric truck plant in Michigan, pushing the timeline to mid-2026. This delay means GM...

New Bipartisan Bill Targets Drug Supply Chain Middlemen to Lower Prescription Costs

Bipartisan lawmakers have introduced the “Pharmacists Fight Back Act,” targeting the business practices of drug supply chain middlemen known as pharmacy benefit managers (PBMs)....

US Home Sales Drop 5.4% in June as Market Shifts to Buyers’ Favor

Sales of previously owned homes fell 5.4% in June compared to May, totaling 3.89 million units on a seasonally adjusted, annualized basis, according to...

Woman Loses Life Savings in Real Estate Wire Fraud, Recovers Funds After Six Months

Rana Robillard, after a yearlong search, was thrilled to secure a home in Orinda, California. In late January, her mortgage broker emailed instructions to...

European and Global Markets Overview: Leftist Gains in France and Fed Rate Cut Speculation

A look ahead in European and global markets reveals significant developments from the French elections and anticipation of Federal Reserve actions. Initial concerns over...

Samsung Electronics Workers Strike for Better Pay and Conditions

Samsung Electronics workers have initiated a three-day strike demanding better pay, additional annual leave, and changes to the employee bonus system. The National Samsung...

Skydance Media and Paramount Global Merge in $8.4 Billion Deal

Skydance Media and Paramount Global have announced a merger, marking a significant shift for one of Hollywood's oldest studios. The two-step process involves Skydance...

Boeing Pleads Guilty to Criminal Fraud, Agrees to $243.6 Million Fine

Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million, resolving a U.S. Justice Department...

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