Business

GM Unveils Two New V-8 Engines for 2027 Silverado and Sierra Pickups

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

US National Debt Tops $40 Trillion, Doubling in a Decade

US public debt topped $40 trillion on Tuesday, the Treasury said, doubling over a decade as deficits, interest costs and spending climb.

Stripe to Buy AI Model Gateway OpenRouter in Fintech’s Deeper AI Push

Stripe said on August 19 it agreed to acquire OpenRouter, an AI model gateway for developers, extending the payments firm's reach into the AI market.

CK Hutchison Seeks $1.5 Billion From Panama Over Seized Canal Ports

CK Hutchison has launched arbitration against Panama, seeking over US$1.5 billion in damages over the takeover of two Panama Canal ports.

U.S. Treasury Doubles Bond Buybacks as 10-Year Yield Tops 4.70%

The U.S. Treasury will more than double government bond buybacks to calm rising yields, pushing the 10-year rate back to 4.65% and lifting gold prices.

Marvell Signs Google Chip Deal With $12.2 Billion Stock Option

Marvell shares surge after striking a custom chip deal with Google that includes an option to buy about $12.2 billion in stock, as Broadcom shares fall.

Treasury Doubles Debt Buybacks to Steady Bond Market, Pushing Yields Lower

The U.S. Treasury will double its debt buyback operations for longer-term securities, steadying the bond market and sending yields lower on August 19.

TJX Shares Drop as Quarterly Profit Guidance Falls Short of Estimates

TJX Companies shares fell after the off-price retailer forecast quarterly profit below estimates on soft demand, despite raising its full-year outlook.

Roblox Commits to Safety Overhaul After Australia Finds Adults Contacting Children

Roblox has signed a legal agreement with Australia's eSafety regulator to overhaul privacy settings after tests found adults could contact children.

Target Lifts Annual Forecasts as Fiddelke’s Turnaround Wins Back Shoppers

Target raised its full-year profit and sales outlook again as CEO Michael Fiddelke's store revamp and fresh merchandise draw customers back to the retailer

CFTC Seeks Public Comment on Computing Power Derivatives as AI Demand Surges

The U.S. CFTC has opened a public consultation on derivatives tied to computing power as demand for AI infrastructure drives interest in the resource as a

Fed Officials Signal Rate Hike if Inflation Fails to Cool, Minutes Show

Federal Reserve minutes from the July meeting show officials divided on inflation, with growing support for raising interest rates if price pressures persi

SK Hynix Unveils $28.6 Billion Share Buyback, Sending Stock Rallying

SK Hynix shares rallied after announcing a $28.6 billion share buyback and cancellation program, signaling confidence in surging AI memory demand.

Analog Devices Rallies as Data Center and Industrial Chip Sales Beat Views

Analog Devices shares rallied after quarterly results topped expectations, driven by strong data center and industrial chip sales amid an AI-fueled recover

Target Posts Second Straight Sales Gain and $994M Tariff Refund, but Stock Falls

Target reported a second straight quarter of comparable sales growth and a $994 million tariff refund, raising its outlook, but shares fell on the report.

- A word from our sponsors -

spot_img

Follow us

HomeBusiness