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.
Automotive Lynn Hatem -

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.
Middle East Aarav Shen -

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.
America Aarav Shen -

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
America Aarav Shen -

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
Business Aarav Shen -
Latest

Volkswagen Approves Turnaround Plan, Flags Up to 50,000 More Job Cuts

Volkswagen's board approved a restructuring plan that could cut up to 50,000 more jobs by 2030, raising total planned reductions to about 100,000.

U.S. Regulator Probes Nearly 1,000 Tesla Cybercabs as Stock Falls on Launch

U.S. auto safety regulators opened a probe into nearly 1,000 Tesla Cybercabs on Thursday as the Austin launch fell short of investor expectations.

Nvidia Buys Hugging Face for $13 Billion, Keeping It Open Source

Nvidia agreed to acquire AI platform Hugging Face for $12.93 billion, pledging to keep the developer hub open source and independent of its own hardware.

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

Microsoft Will Disclose Azure Revenue in Dollars for First Time

Microsoft will report quarterly Azure revenue in dollars for the first time under a new segment structure taking effect in fiscal 2027.

Broadcom Stock Falls as Revenue Forecast Disappoints Despite Upbeat Earnings

Broadcom shares dropped on Thursday after a revenue forecast below estimates, extending a year in which the stock has lagged the broader chip rally.

Google Avoids Ad Tech Breakup as Judge Rejects US Sale Order

A U.S. judge declined to order Google to sell parts of its ad tech business, opting for behavioral fixes over a forced divestiture in the antitrust case.

Shein Shares Fall Again in Hong Kong, Handing Backers 73% Valuation Drop

Shein shares slid 3-5% on their second day in Hong Kong, leaving early private backers with a 73% valuation drop from the IPO.

Chevron Unveils $7 Billion Venezuela Plan to Double Oil Output

Chevron confirmed a $7 billion, five-year plan to more than double Venezuela oil output to 600,000 barrels a day, following a Trump administration push.

Uber Cuts 3,300 Jobs in Company-Wide Restructuring as Shares Rise 2%

Uber is eliminating roughly 3,300 jobs in a company-wide restructuring, a move that lifted its shares about 2% in early trading on Thursday.

ADP Says U.S. Firms Added Just 38,000 Jobs in August, a 7-Month Low

U.S. private employers added 38,000 jobs in August, ADP reported Wednesday — the smallest gain since January and below expectations, pointing to a summer h

GitLab Stock Surges After AI-Driven Quarter Beats Wall Street Estimates

GitLab shares surged toward a 52-week high after the company topped second-quarter estimates on AI-driven demand, prompting a William Blair upgrade.

Berkshire’s Abel Says Japan Borrowing Costs Still Modest for Trading Houses

Berkshire CEO Greg Abel said Tuesday that Japanese bond yields remain low enough to keep the country's trading houses comfortable despite a gradual rise.

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