Business

Alphabet has launched a 10-part bond offering seeking up to $25 billion to fund its expanding artificial intelligence infrastructure and data center buildo

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Apollo Agrees to Buy UK Budget Airline EasyJet in £5.7 Billion Deal

US private equity firm Apollo has agreed to acquire British budget airline EasyJet for £5.7 billion (about $7.7 billion) after rival bidder Castlelake with

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SoftBank Profit Falls 18% as Rising Costs Offset Gains from Intel Stake

SoftBank Group reported an 18% fall in fiscal first-quarter profit as rising costs offset an $8.2 billion gain from its Intel stake and AI investments.

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Hertz Stock Surges as Pricing Strength Narrows Second-Quarter Loss

Hertz shares surged after the car rental company narrowed its second-quarter adjusted loss, boosted by stronger pricing and tighter fleet management.

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Warner Bros. Discovery Posts Streaming Gains but Soft Ad Sales Weigh on Revenue

Warner Bros. Discovery posted a 10% rise in streaming revenue but missed expectations on weak ad sales, as a proposed Paramount merger looms.

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Latest

US Joins Japan in Rare Currency Intervention to Prop Up the Faltering Yen

The US has joined Japan in a rare coordinated currency intervention to support the faltering yen, with analysts questioning the reported use of euros.

Procter & Gamble to Acquire Supplements Maker Thorne in $3.8 Billion Deal

Procter & Gamble will acquire premium supplements brand Thorne for $3.8 billion, expanding its bet on the fast-growing health and wellness market.

AMD Targets Nvidia’s Data Center Dominance With Helios Rack-Scale System

AMD unveils Helios, a rack-scale system targeting Nvidia's data center dominance, even as its shares slide amid intense AI chip competition.

Pinterest Shares Slide as Cautious Revenue Outlook Overshadows Q2 Earnings Beat

Pinterest shares slipped as a lukewarm revenue forecast overshadowed a Q2 earnings beat, with advertising competition weighing on the company's growth outl

SoftBank Jumps 10% as Strong Earnings and AI Rally Lift Asian Tech Stocks

SoftBank shares surged around 10% after strong quarterly earnings and a Wall Street AI rally lifted Asian technology stocks, including Samsung and SK Hynix

Paramount Skydance Lifts Profit Outlook, Stays Confident on Warner Bros. Merger

Paramount Skydance lifted its full-year profit guidance and reaffirmed confidence in its Warner Bros. Discovery merger as a judge set a March 2027 trial.

SpaceX Posts Revenue Surge in Debut Earnings on Strong Starlink Growth

SpaceX reported a sharp revenue rise in its debut quarterly earnings, driven by strong Starlink growth, after a turbulent post-IPO slump in its shares.

Leidos Raises Annual Forecasts on Robust Defense and Government Demand

Leidos Holdings has raised its full-year revenue and profit forecasts, citing sustained demand for defense, intelligence and government technology services

Shein Targets $30–40 Billion Valuation for August Hong Kong IPO

Shein is targeting a $30–40 billion valuation for an August Hong Kong IPO, a steep discount that has raised questions over whether the listing is necessary

Lucid Misses Second-Quarter Targets, Delays Affordable EVs to 2027 Amid Operational Reset

Lucid Group missed second-quarter expectations and pushed its affordable EV launch to late 2027 amid an operational reset targeting $1.4 billion in savings

Chipotle Pulls Jalapeños from Some Restaurants Amid US Salmonella Outbreak Probe

Chipotle has removed jalapeños from some US restaurants after identifying them as a possible source of a salmonella outbreak that has sickened about 100 pe

Anthropic Appoints Global Affairs Chief to Navigate Mounting Tensions with Trump Administration

Anthropic has appointed Mariano-Florentino Cuéllar as global affairs chief to ease tensions with the Trump administration over AI policy and regulation.