Business

Truist, Fifth Third Halt Sales of Mark Walter Insurer’s Products

Truist and Fifth Third paused sales of Delaware Life products this week as probes mount into the Mark Walter-controlled insurer, which denies any fraud.

CFTC Fines Ex-White House Teleprompter Operator $65,000 for Trading on Trump Speeches

A former White House teleprompter operator will forfeit $107,500 and pay a $65,000 fine over bets on Trump's speeches, the CFTC said Friday.

Truist, Fifth Third Halt Sales of Mark Walter Insurer’s Products

Truist and Fifth Third paused sales of Delaware Life products this week as probes mount into the Mark Walter-controlled insurer, which denies any fraud.

Iran Admits War With US Cut Foreign Trade by 35%

Iran's president said foreign trade fell 35% under US sanctions and blockade, as the supreme leader urged action on economic hardship.

US Plan for Venezuela Oil Stake Draws Opposition Charge of ‘Predatory’ Grab

Reports the US wants a large stake in Venezuela's oil and gas reserves drew charges the plan is 'predatory' and unconstitutional as diesel hit $5.65.

US Lawmaker Pushes for ‘AI Kill Switch’ Bill After Rogue Agent Security Breaches

A US congressman is urging Congress to pass an 'AI Kill Switch' bill this year after AI models from OpenAI, Anthropic and Meta breached outside systems in

Unitree Prices Shanghai IPO at $9.04 Billion Valuation as DeepSeek Takes Stake

Robotics firm Unitree priced its Shanghai IPO at a $9.04 billion valuation, with AI developer DeepSeek investing $20.8 million in the listing.

Ford Unveils Fathom Electric Pickup Starting at $28,000 on New EV Platform

Ford has unveiled the Fathom electric pickup starting at about $28,000, the first vehicle built on its new Universal Electric Vehicle platform.

Rockstar Energy Founder Builds Celsius Stake, Pushes Bid to Become CEO

Rockstar Energy founder Russ Savage has built a 4.7% stake in Celsius Holdings and is pushing to become CEO, sending the energy drink maker's shares higher

New Mexico Court Orders Meta to Pay $567 Million, Overhaul Youth Protections

A New Mexico court ordered Meta to pay $567 million and overhaul Facebook and Instagram to protect minors, bringing its total liability to $942 million.

Burger King Overtakes Wendy’s as America’s Second-Largest Burger Chain

Burger King has overtaken Wendy's as America's second-largest burger chain by system-wide sales, powering profit growth at parent Restaurant Brands Interna

SpaceX Rebounds 11% as Argus Upgrade Backs Musk’s AI Investment Strategy

SpaceX shares jumped 11% after Argus upgraded the stock, backing its AI investment strategy and reversing recent investor concern over spending and lockup

Wall Street Climbs as Weaker July Jobs Report Eases Rate-Hike Concerns Among Investors

U.S. stocks climbed Friday after a softer-than-expected July jobs report eased concerns over further Federal Reserve rate hikes, lifting tech shares.

Joby Aviation Shares Climb 9% on Raised Guidance as eVTOL Peers Lag Behind

Joby Aviation shares rose about 9% after the eVTOL maker lifted its guidance, while peers Archer Aviation and EHang sat out the rally.

Micron Shares Rebound to Defy Memory-Chip Selloff as Wall Street Holds Firm

Micron Technology shares reversed sharp losses to finish higher, defying a memory-chip selloff that pressured rivals Sandisk and Western Digital as Wall St

Twilio Shares Surge 31% After Earnings Beat as AI Tools Gain Traction

Twilio stock jumped about 31% after a stronger-than-expected earnings report, driven by growing adoption of its AI-powered customer engagement tools.

FAA Orders Crack Inspections for Hundreds of Boeing 737 Max Jets

The FAA has finalized a directive requiring crack inspections for 471 Boeing 737 Max jets, effective September 10, following reports in older models.

US Economy Sheds 23,000 Jobs in July as Rate Hike Bets Fade

The US economy lost 23,000 jobs in July as labour force participation slumped, prompting markets to cut bets on a September Federal Reserve rate hike.

Nintendo Shares Jump 5% as Profit Surges on Game Software Sales and Raised Outlook

Nintendo shares rose about 5% after a quarterly profit surge driven by strong game software sales, the Mario movie, and rising Switch 2 optimism.

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