Business

American Airlines Adds Seven International Routes on New XLR Jets for 2027

American Airlines will launch seven new international routes in 2027, using its Airbus A321XLR jets to link smaller European cities to Philadelphia and New

Bessent Says U.S. Will Sanction Another Bank Over Iran Ties This Week

Treasury Secretary Scott Bessent said the U.S. will sanction another bank this week to clamp down on Iran transactions, ahead of G20 meetings in North Caro

US Strikes Two Iranian Launchers on Larak Island, First Attack Since July

US forces struck two Iranian rocket launchers on Larak Island on Sunday, the first known American attack on Iran since late July, near the Strait of Hormuz

NASA Launches Roman Space Telescope From Florida on Dark Universe Quest

NASA launched the Nancy Grace Roman Space Telescope from Florida on Sunday, beginning a three-month journey to study dark energy, dark matter and exoplanet

American Airlines Adds Seven International Routes on New XLR Jets for 2027

American Airlines will launch seven new international routes in 2027, using its Airbus A321XLR jets to link smaller European cities to Philadelphia and New

Starbucks Stock Surges as Coffee Giant Lifts Full-Year Outlook on Sales Rebound

Starbucks shares jumped after posting a fourth straight quarter of same-store sales growth and raising its full-year outlook under CEO Brian Niccol.

Procter & Gamble Beats on Profit but Misses Sales as Consumers Tighten Spending

Procter & Gamble topped profit estimates but missed on revenue as flat volumes and cautious consumers prompted a muted fiscal 2027 outlook.

Credit Default Swaps Emerge as New Barometer for AI Investment Risk

Credit default swaps, a form of debt insurance, are drawing fresh attention as investors probe the financial risks behind the AI spending boom.

Brazil Moves to Accelerate Mercosur Trade Deals with China and South Korea

Brazil agrees to speed up Mercosur trade negotiations with China and South Korea, a strategic shift amid global trade realignment and U.S. tariffs.

Shein Discloses FTC Investigation Into U.S. Operations Ahead of Hong Kong IPO

Shein has disclosed that the U.S. Federal Trade Commission is investigating its American operations as the retailer prepares for a Hong Kong listing.

Johnson & Johnson Offers $5.5 Billion to Settle Talc Cancer Lawsuits

Johnson & Johnson has agreed to pay $5.5 billion to resolve nearly 70,000 US lawsuits alleging its talc-based baby powder caused cancer.

Meta’s Quarterly Earnings to Spotlight AI Spending and Smart Glasses Ambitions

Meta reports quarterly earnings Wednesday, with investors focused on the scale of its AI spending and its expanding push into smart glasses.

SK Hynix Posts Record Second-Quarter Profit on AI Chip Demand, Yet Misses Estimates

SK Hynix reported a record second-quarter profit fueled by AI memory chip demand, with revenue more than tripling year over year, though results missed est

Centene Lifts Annual Profit Forecast but Shares Slide on Weakening Medicaid Outlook

Centene lifted its annual profit forecast on improved cost management, but shares fell after the insurer flagged weakening Medicaid membership.

South Korea Weighs Cap on Leveraged ETFs as Retail Investors Absorb Chip-Driven Losses

South Korean regulators are considering limits on leveraged ETFs for retail investors after heavy losses tied to a downturn in semiconductor stocks.

ServiceNow Stock Rallies as AI and Workflow Automation Fuel Investor Optimism

ServiceNow shares climbed as investors backed the enterprise software firm's expanding AI and workflow automation business amid strong subscription growth.

eBay Agrees to Pay Roughly $50 Million to Couple Targeted in Bizarre Harassment Campaign

eBay has agreed to pay roughly $50 million to a Massachusetts couple targeted by former employees with threats and bizarre deliveries, ending years of liti

Visa to Cut 7% of Global Workforce as Efficiency Drive Deepens Across Corporate America

Visa plans to reduce its global workforce by roughly 7%, affecting more than 2,000 roles, as the payments giant deepens an efficiency and technology drive.

Coca-Cola Beats Earnings Estimates and Raises Full-Year Outlook on Robust Demand

Coca-Cola topped second-quarter earnings estimates and lifted its full-year outlook on strong global beverage demand, sending shares higher.

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