Business

American Express Stock Falls 20% From December High as Expenses Climb

American Express shares trade near $310, about 20% below their December 2025 high, as rising expenses and slower earnings growth weigh on the stock.

Iran Sends US Peace Terms via Qatar as Oil Crosses $100 a Barrel

Iran's security chief says Tehran has sent Washington conditions to end the war through Qatar, including lifting the US naval blockade, as oil crosses $100

American Express Stock Falls 20% From December High as Expenses Climb

American Express shares trade near $310, about 20% below their December 2025 high, as rising expenses and slower earnings growth weigh on the stock.

US and China Hold Final Trade Talks Before Sept. 24 Trump-Xi Summit

Bessent, Greer and He Lifeng met in New York on Sunday to prepare for the September 24 Trump-Xi summit.

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.

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.

SpaceX Shares Reverse Course as AI Spending Plans Rattle Investors

SpaceX shares reversed recent gains after the company unveiled aggressive AI spending plans, unsettling investors just days after its lockup expiration ral

Virginia Governor Moves to Intervene in Dominion-NextEra Merger Over Electricity Price Fears

Virginia's governor will file to intervene in the Dominion-NextEra Energy merger, citing concerns that the deal could raise electricity prices for consumer

Sweetgreen Cuts Full-Year Outlook as Cyclospora Fears Dampen Salad Sales

Sweetgreen lowered its full-year sales forecast and recalled jalapenos as a wider cyclospora outbreak dampens consumer demand, despite no direct link to th

Trump Orders 15% Tariff on Polysilicon to Bolster US Chip and Solar Supply Chains

President Trump has ordered a 15% tariff on polysilicon products from December 4, aiming to bolster US chip and solar supply chains against China.

AMD Acquires Chip Startup Taalas to Bolster AI Inference Ambitions

AMD has acquired Taalas, a startup that hardwires AI models into silicon, deepening its bet on the fast-growing AI inference market.

Trade Desk Shares Tumble on Second-Quarter Miss and Disappointing Guidance

Trade Desk shares dropped after the ad-tech firm posted a second-quarter revenue and earnings miss alongside disappointing guidance.

Shopify Shares Soar 18% as Upbeat Forecast Shows AI Boosting E-Commerce Business

Shopify shares jumped more than 18% after an upbeat third-quarter forecast signaled its AI investments are attracting merchants rather than disrupting busi

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