Business

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
Business Aarav Shen -

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.
Business Khaled Ayoub -

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.
Business Aarav Shen -

Trump Administration Renews Push to Remove Fed Governor Lisa Cook Over Mortgage Claims

The Trump administration has revived its push to remove Fed governor Lisa Cook over mortgage claims, giving her until August 26 to respond.
America Aarav Shen -

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.
Business Khaled Ayoub -
Latest

Washington Post Journalists Appeal Directly to Jeff Bezos Amid Layoff Fears

Washington Post journalists are appealing directly to owner Jeff Bezos to prevent newsroom cuts and layoffs, citing concerns about the paper's future and journalistic integrity.

Alibaba’s Cainiao Merges with Robovan Pioneer Zelos in $2 Billion Deal to Revolutionize Last-Mile Delivery

Alibaba's logistics arm, Cainiao, is merging with robovan developer Zelos Technology in a $2 billion deal to create Cainiao Robovan, a new entity focused on autonomous last-mile delivery solutions.

Alibaba’s Zhenwu 810E Chip Challenges Nvidia’s AI Dominance

Alibaba's T-Head unveils the Zhenwu 810E AI chip, challenging Nvidia's dominance and bolstering China's domestic semiconductor capabilities.

Jeff Bezos’ Earth Fund Invests $3.5 Million to Accelerate Nuclear Reactor Construction

Jeff Bezos' Earth Fund donates $3.5 million to the Nuclear Scaling Initiative to accelerate nuclear reactor construction in the U.S. through an innovative 'orderbook' model.

Tesla Shifts Gears: Model S and X Production Ends as Focus Turns to Optimus Robots

Tesla is ending production of its Model S and Model X vehicles to focus on manufacturing Optimus robots and advancing its autonomous driving technology. Learn more about the strategic shift.

Prediction markets face scrutiny after claims “privileged” users profited from war and diplomacy bets

Prediction markets are facing renewed scrutiny after reports that “privileged” users may have profited from well-timed bets on war and diplomacy, fueling calls for clearer rules and explicit insider-trading bans.

Google’s “Project Genie” sparks selloff in game platforms and engines as AI disruption worries grow

Game stocks slid after Google unveiled “Project Genie,” an AI system that can generate interactive worlds from prompts, raising concerns about disruption to traditional game engines, platforms, and development workflows.

Maersk to temporarily operate Panama Canal ports after court voids Hutchison contract

Maersk will temporarily operate two Panama Canal ports after Panama’s Supreme Court ruled the previous concession unconstitutional, triggering a transition plan and renewed scrutiny of strategic canal-linked infrastructure.

Dow to cut 4,500 jobs, 13% of workforce, in restructuring push as AI and automation take bigger role

Dow will cut about 4,500 jobs as it restructures to boost efficiency and expand AI and automation, while forecasting weaker-than-expected first-quarter revenue amid sluggish demand.

SpaceX in talks to merge with xAI ahead of planned 2026 IPO, source says

SpaceX is reported to be in merger talks with Elon Musk’s AI firm xAI ahead of a planned 2026 IPO, a move that could combine Grok, Starlink and SpaceX infrastructure under one structure.

South Korea exports seen up nearly 30% as AI chip boom drives fastest jump in 4+ years

South Korea’s exports are expected to post their fastest growth in over four years as AI-driven semiconductor demand surges, boosting shipments to China and the US ahead of official trade data on February 1.

S&P 500 and Nasdaq fall as investors question returns on Big Tech’s AI splurge

Wall Street fell as the S&P 500 and Nasdaq slid on fears that Big Tech’s soaring AI spending will take longer to pay off, with Microsoft and software stocks leading declines while the Dow also dipped.

Jensen Huang: Beijing not finished with H200 licensing despite conditional green lights

Nvidia CEO Jensen Huang said China is still finalising licensing for H200 AI chips, leaving sales uncertain despite conditional approvals for major Chinese tech firms and strong demand.

Amazon confirms 16,000 job cuts after “Project Dawn” message was sent by mistake

Amazon confirmed about 16,000 corporate job cuts after an internal “Project Dawn” layoff message was sent accidentally, extending a broader push to reduce layers, boost efficiency and expand AI-driven automation.

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