Business

China controls 90% of rare earths as Trump and Xi prepare to meet Thursday, with export restrictions hanging over the talks.

Business Khaled Ayoub -

China Controls 90% of Rare Earths as Trump-Xi Summit Nears

China controls 90% of rare earths as Trump and Xi prepare to meet Thursday, with export restrictions hanging over the talks.

Business Khaled Ayoub -

Trump Recasts Washington Triumphal Arch as Drone and Sniper Military Complex

Trump said Sunday his planned 250-foot Washington arch would become a military complex that would house drones, snipers and store ammunition.

America Aarav Shen -

US Diesel Hits Record $6.29 a Gallon as Supply Disruptions Squeeze Markets

US diesel reached a record $6.29 per gallon this week as global supply disruptions and low refining capacity squeezed fuel markets.

Business Aarav Shen -

Three Women Killed Across NSW in 12 Hours, Three Men Charged With Murder

Three women died in separate domestic violence incidents across New South Wales on Saturday. Three men face murder charges.

Asia-Pacific Lynn Hatem -

Latest

Super Micro Surges Premarket on Strong Outlook, H&R Block Jumps on Earnings

Super Micro Computer shares jumped premarket after raising its outlook, while H&R Block surged on strong earnings and CoreWeave and Coherent posted big mov

US Mortgage Rates Stop Rising, Nudging Homebuyer Demand Back

US mortgage rates eased slightly this week, halting a run of increases and drawing modest homebuyer and refinance demand back into a subdued market.

Eli Lilly Sues Six Companies Over Illegal Sales of Experimental Obesity Drug

Eli Lilly has sued six companies for allegedly selling versions of retatrutide, an experimental obesity drug still under clinical development and unapprove

Tencent Beats Revenue Estimates on Games and AI Ads Despite 26% Stock Slide

Tencent topped revenue expectations on gaming and AI-driven advertising, even as shares fell 26% amid rising AI spending and fierce competition in China.

FlightAware Withdraws Lawsuit Against Kalshi Over Flight-Cancellation Betting Markets

FlightAware has dropped its lawsuit accusing prediction-market platform Kalshi of using its data without authorization to power flight-cancellation betting

AbCellera Launches $200 Million Stock Offering, Pulling Shares Down After 44% Surge

AbCellera Biologics shares reversed after the company launched a $200 million public offering, unwinding a 44% rally driven by its hot flash treatment prog

Norway Wealth Fund Reveals $1.2 Billion SpaceX Stake, Posts Record $184 Billion Profit

Norway's sovereign wealth fund disclosed a $1.2 billion SpaceX stake for the first time while posting a record $184 billion profit.

Cava Beats Quarterly Estimates as Diners Avoid Lettuce Amid Food-Safety Scares

Cava Group topped quarterly expectations and reaffirmed its forecasts as sales grew despite some diners avoiding lettuce amid a summer of food-safety scare

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

CoreWeave Stock Jumps 10% as Revenue Doubles, Debt Hits $35 Billion

CoreWeave shares rose about 10% after revenue more than doubled on AI infrastructure demand, though the company carries roughly $35 billion in debt.

U.S. July Inflation Report Lands Wednesday, Shaping Fed’s Next Rate Move

The U.S. consumer price index due Wednesday is expected to show a modest July rise, giving the Federal Reserve a key signal on its next rate move.

Oracle Stock Falls as AI Spending Concerns Keep Investors on Sidelines

Oracle shares slide as uncertainty over its AI spending plans keeps investors cautious, reviving debate over returns on heavy tech infrastructure outlays.