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

Einride Adds 500 Tesla Semi Trucks to Expand North American Fleet

Einride will deploy 500 Tesla Semi electric trucks across North America, one of the largest commitments to the vehicle as it forecasts faster growth.

Home Depot Beats Q2 Estimates and Backs Outlook Amid Frozen Housing Market

Home Depot topped Wall Street forecasts with $47.86 billion in Q2 revenue as customers focused on smaller projects, reaffirming its full-year guidance.

Meta Faces Trial as States Allege Facebook, Instagram Addicted Children

U.S. states allege Meta designed Facebook and Instagram to addict children as a landmark trial begins, with the company warning of trillion-dollar exposure

Brent Crude Tops $90 as US-Iran Ceasefire Expires, Trump Threatens Oman

Brent crude climbed above $90 a barrel after the US-Iran ceasefire window expired and Trump threatened Oman, reversing weeks of market calm.

Serve Robotics Stock Swings as Delivery Expansion Meets 400% Revenue Jump

Serve Robotics shares swung sharply as a DoorDash and Grubhub fleet expansion met a 400% revenue jump and widening quarterly losses.

Russian Firm Asks Kremlin to Place Nestlé’s Local Units Under State Control

A Russian company has asked the Kremlin to place Nestlé's local operations under temporary state management, the latest bid to seize Western corporate asse

Shein Slashes Hong Kong IPO Valuation to $25 Billion

Shein has slashed its Hong Kong IPO valuation target to as low as $25 billion, down sharply from earlier ambitions of $30-40 billion.

Treasury Yields Climb as Investors Brace for Fed Minutes and Jackson Hole

U.S. Treasury yields climbed as investors awaited Federal Reserve meeting minutes and the Jackson Hole symposium for clues on the interest rate path.

Alibaba Sells Gaming Arm Lingxi to Trustar Capital in $2 Billion Deal

Alibaba has agreed to sell gaming arm Lingxi Games to Trustar Capital in a deal reportedly worth over $2 billion as it prioritizes AI and e-commerce.

China Retail Sales Grow Just 0.6% in July as Investment Slump Deepens

China's retail sales rose just 0.6% in July, missing forecasts, while industrial output slowed and fixed-asset investment fell, underscoring economic weakn

Ferrari’s First Electric Car, the Luce, Sells for Record $40 Million

Ferrari's first fully electric car, the polarizing Luce, has sold for $40 million at auction, far exceeding its original $640,000 list price.

Workday Surges on Report of $51 Billion Silver Lake Buyout Talks

Workday shares posted their best day in a decade on reports Silver Lake is in talks for a buyout valued at up to $51 billion, reviving the software trade.