Business

Under Armour Deepens Annual Sales Forecast Cut on Weak North America Demand

Under Armour lowered its full-year revenue forecast after first-quarter sales fell, citing weak North America demand and tariff pressures.

Berkshire Hathaway Profit Doubles as New CEO Abel Begins Deploying Cash Hoard

Berkshire Hathaway's quarterly profit doubled as new CEO Greg Abel accelerated share buybacks and began drawing down the conglomerate's massive cash pile.

Datadog Stock Falls 14% Despite 36% Revenue Growth as Investors Set a Higher Bar

Datadog shares fell about 14% after earnings despite 36% revenue growth, as investors set a high bar and the stock still trades above fair value.

UAE Says Iranian Missile Struck ADNOC Vessel in Strait of Hormuz

The UAE has accused Iran of striking an ADNOC vessel with a missile in the Strait of Hormuz as US-Iran tensions over the vital waterway remain high.

Senate Approves Stopgap Funding Bill to Avert Shutdown Ahead of Election

The U.S. Senate approved a short-term funding bill in a 90-6 vote, extending federal spending into December and averting a shutdown before the election.

Tesla Limits Shareholder Lawsuits with New Bylaw Amid Legal Battles

Tesla, led by Elon Musk, recently announced a significant change to its corporate bylaws that limits shareholders' ability to sue the company over alleged...

Elon Musk’s Grok Chatbot Incident Highlights AI Manipulation Risks

Since the public release of ChatGPT over two years ago, trust in generative artificial intelligence has remained a persistent challenge. Issues such as hallucinations,...

Elon Musk and Trump’s Vision for Human Life on Mars: Ambitions and Challenges

President Donald Trump and Elon Musk share a vision of making human life on Mars a reality. Musk, the world’s richest man and CEO...

Trump Meme Coin Dinner Sparks Questions Over Foreign Influence

With less than a week remaining until former President Donald Trump’s private dinner for the top $TRUMP meme coin holders, the list of attendees...

Qualcomm Re-Enters Data Center Market with AI-Focused CPUs

Qualcomm announced plans to launch custom processors for data centers designed to work seamlessly with Nvidia’s GPUs, reinforcing its commitment to expand into artificial...

Nvidia Launches NVLink Fusion to Expand AI Chip Ecosystem

Nvidia CEO Jensen Huang unveiled several groundbreaking developments aimed at reinforcing the company’s central role in artificial intelligence and computing during Computex 2025 in...

U.K. Moves to Regulate Buy Now, Pay Later Firms with New Consumer Protections

The U.K. government has announced a set of proposals aimed at formally regulating the fast-growing buy now, pay later (BNPL) sector, in a move...

Xiaomi to Invest $6.9B in Chips, Launches Advanced SoC Xring O1

Xiaomi has announced a major investment plan to strengthen its chip development capabilities, committing at least 50 billion yuan (approximately $6.9 billion) over the...

Klarna Posts $99M Q1 Loss Amid IPO Delay and AI Restructuring

Klarna, the Swedish payments company known for its buy now, pay later (BNPL) services, reported a sharp rise in net losses during the first...

Stord Acquires UPS Subsidiary Ware2Go to Expand E-Commerce Logistics Reach

Stord, a logistics startup based in Atlanta, has announced the acquisition of Ware2Go, a subsidiary of UPS, as part of its strategy to expand...

Regeneron to Acquire 23andMe Assets for $256 Million Amid Bankruptcy

Regeneron Pharmaceuticals has announced its plan to acquire the majority of assets belonging to 23andMe for $256 million. The deal follows 23andMe’s filing for...

GitHub Launches AI Copilot Agent to Automate Programming Tasks

GitHub, a subsidiary of Microsoft, has unveiled a new AI-powered Copilot coding agent designed to take on specific programming tasks and notify developers when...

Judge Orders Apple and Epic to Resolve Fortnite Dispute or Face Court Hearing

A U.S. federal judge has instructed Apple and Epic Games to resolve their ongoing dispute regarding the reinstatement of Fortnite on the iOS App...

Waymo Approved to Expand Autonomous Ride-Hailing Service into San Jose

Alphabet’s autonomous vehicle division, Waymo, has received official approval to expand its self-driving ride-hailing service to cover more areas within the San Francisco Bay...

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