Business

GM Unveils Two New V-8 Engines for 2027 Silverado and Sierra Pickups

General Motors revealed two new V-8 engines for its 2027 Silverado and Sierra pickups, doubling down on gas and diesel power as EV demand stays weak.

US Approves $24.3 Billion Sale of 48 F-35 Jets to Saudi Arabia

The US State Department approved a $24.3 billion sale of 48 F-35 stealth fighter jets to Saudi Arabia, the department said, notifying Congress of the deal.

Judge Orders 30-Day Notice on Any Kennedy Center Demolition After Trump Threat

Federal judge ordered 30 days' notice before any Kennedy Center demolition after Trump warned venue would be torn down.

Pennsylvania Demands CDC Recognize 4 Measles Deaths or Loses Aid Request

Pennsylvania is requesting CDC emergency support for a measles outbreak of 731 cases and four deaths, on condition the agency publicly recognizes the fatal

Applied Digital Stock Sits Near 52-Week Low as $5 Billion Debt Weighs

Applied Digital shares trade near a 52-week low after a 50% drop, weighed down by $5 billion in debt as it builds AI data centers with a $36 billion backlo

American Airlines Adds Flagship Suites to Boeing 777 Jets for Long-Haul Flights

American Airlines is installing its Flagship Suite premium cabins on its largest Boeing 777 jets, targeting its busiest long-haul international routes.

Anthropic Nears $15 Billion Pre-IPO Loan, Taps Morgan Stanley for Listing

Anthropic is close to finalizing a $15 billion pre-IPO credit facility and nearing selection of Morgan Stanley and Goldman Sachs for a listing eyed for mid

Broadcom Stock Falls as In-Line Guidance Leaves Investors Wanting More

Broadcom shares dropped after quarterly guidance met analyst estimates but fell short of the higher bar investors had set for its AI business.

Snowflake Stock Spikes 22% After AI-Fueled Forecast Beats Estimates

Snowflake shares spiked about 22% after the data-cloud company beat estimates with an AI-fueled forecast and momentum in its code-writing agent.

Netherlands Moves $10bn in Gold From US and Canada to London

The Dutch central bank has shifted about $10 billion in gold from the US and Canada to the Bank of England, citing crisis preparedness and faster tradabili

Global Bond Yields Soar as Higher-Rate Era Squeezes Borrowers Worldwide

Government bond yields climbed across the U.S., Japan, and Europe this week, driven by heavy debt issuance, an oil-price shock, and expectations of prolong

2-Year Treasury Yield Hits Highest Since January on Hot Jobs Data

The 2-year Treasury yield rose to its highest since January 2025 on September 4 after a hot jobs report revived expectations of a Fed rate hike.

Diesel Hits Record High as Refinery Outages Push Brent Toward $95

Diesel prices hit a record high as war-driven refinery outages in Russia and Iran push Brent crude toward $95 a barrel, reviving inflation worries.

U.S. Adds 162,000 Jobs in August, Tripling Forecasts and Rattling Markets

The U.S. added 162,000 jobs in August, far above forecasts, with unemployment steady at 4.1%. Markets fell as rate-hike expectations rose.

AMC CEO Threatens SEC Complaint Over Robinhood’s Tokenized Shares

AMC chief Adam Aron said he may file an SEC complaint over Robinhood's tokenized shares, calling the practice inexcusable. AMC rose 6%.

China Rejects G20 Trade-Imbalance Claims, Rules Out Yuan Devaluation

China rejected G20 criticism of its export-driven growth in Asheville, with the central bank denying it pursues surpluses or plans to weaken the yuan.

Fed’s Waller Backs Holding Rates Steady at September Meeting

Fed Governor Christopher Waller said Wednesday he would support keeping rates unchanged at the September meeting if inflation continues to cool.

Adobe Names Anil Chakravarthy CEO as Shantanu Narayen Steps Back

Adobe promoted veteran Anil Chakravarthy to chief executive as Shantanu Narayen becomes executive chairman, with shares slipping on a separate executive de

Yen Surges 1.7% to One-Month High on Bank of Japan Rate-Hike Bets

The yen jumped more than 1.7% to 155.85 against the dollar on Thursday, a one-month high, as traders bet the Bank of Japan will raise interest rates.

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