Business

Gap Raises Profit Forecast, Names New Old Navy CEO as Shares Jump 9%

Gap raised its annual profit forecast and named a new Old Navy CEO on Thursday as shares jumped 9%, with the namesake brand outperforming.

Iran and Oman Agree Hormuz Route Six Months Into War With US

Iran and Oman agreed on Monday to a temporary Strait of Hormuz route, six months after US and Israeli strikes opened a war that has reshaped the Middle Eas

FAA Moves to Fire Two Controllers Who Left Before LaGuardia Crash

The FAA is taking steps to dismiss two air traffic controllers who left shifts early before a fatal collision at New York's LaGuardia Airport in March.

US Lettuce Cyclospora Outbreak Reaches 20 States, Sickens 11,458 People

US health officials confirmed on Thursday that a cyclospora outbreak tied to recalled iceberg lettuce has reached 20 states, sickening 11,458 people.

Trump Renames Lake Ontario ‘Lake America’ in US Amid Canada Trade War

Trump signed an executive order Thursday renaming Lake Ontario 'Lake America' for US records, escalating the trade dispute with Canada.

Strategy Earmarks $1.6 Billion Cash Pool for Bitcoin, Buybacks and Debt

Strategy has earmarked roughly $1.6 billion in cash for treasury operations, buybacks and debt, while leaving its Bitcoin holdings unchanged as prices rose

Zillow Settles FTC Claim It Paid Redfin to Stop Competing on Apartment Listings

Zillow has agreed to resolve FTC allegations it paid Redfin to stop competing for apartment rental listings, ending the antitrust litigation without a tria

Trump Hikes Canada Auto Tariffs to 50%, Effective January 2027

President Trump said the US will raise tariffs on Canadian cars, trucks and auto parts to 50%, effective January 1, 2027, escalating the trade dispute.

US 30-Year Treasury Yield Hits 5.32%, Highest Since 2007

The U.S. 30-year Treasury yield rose to around 5.322% on Tuesday as oil gains and U.S.-Iran tensions fueled inflation fears amid a global bond sell-off.

Pony.ai Plans to Deploy Over 4,000 Robotaxis Abroad

China's Pony.ai says its overseas robotaxi pipeline has grown to more than 4,000 vehicles, expanding across Europe and the Middle East through global partn

Mike Ashley’s Frasers Group Lifts Hugo Boss Stake to 48%

Mike Ashley's Frasers Group has lifted its Hugo Boss shareholding to 48% after an offer of €38 per share, stopping just short of full control.

Global Bond Yields Hit Multi-Decade Highs as US-Iran Ceasefire Collapses

Government borrowing costs reached multi-decade highs on Tuesday after the US-Iran ceasefire collapsed, driving yields higher across major economies.

Baidu Revenue Falls 4% as AI Cloud Fails to Cover Ad Slump

Baidu posted a 4% drop in second-quarter revenue to 31.3 billion yuan on Tuesday, as AI cloud growth failed to offset a continued advertising decline.

OpenAI Launches ChatGPT for Teens With Content Limits and Parental Controls

OpenAI released ChatGPT for Teens on Tuesday, adding content restrictions, parental controls and homework support for users aged 13 to 17.

Alibaba to Raise $10 Billion in New Shares for AI Buildout

Alibaba said on Sunday it will issue HK$80 billion (about $10.2 billion) in new Hong Kong shares, directing all proceeds to AI infrastructure.

Nvidia Warns Customers of AI Server Price Hikes Above 15%

Nvidia has told major customers that servers containing its AI chips could rise more than 15% in price, driven by soaring memory costs, Bloomberg reported.

Paramount and California Set Monday Talks to Settle Warner Bros. Lawsuit

Paramount and California's attorney general plan preliminary talks Monday to discuss settling an antitrust lawsuit over the proposed Warner Bros. Discovery

Warren Buffett Still Steers Berkshire Stock Picks as Abel Runs Company

Warren Buffett and portfolio manager Ted Weschler appear to be making Berkshire Hathaway's equity decisions while CEO Greg Abel runs operations.

State Farm Returns $5 Billion to Auto Policyholders Insured in 2025

State Farm will pay roughly $5 billion in cash-back dividends to auto policyholders insured in 2025. Here's who qualifies and how to check eligibility.

- A word from our sponsors -

spot_img

Follow us

HomeBusiness