Business

FTC and 22 States Sue Amazon Over Inflated Ad Auction Prices

The FTC and 22 states sued Amazon on Monday, alleging it overcharged 1.2 million advertisers by inflating online ad auction prices.

US Army Secretary Dan Driscoll Resigns After 18 Months on the Job

US Army Secretary Dan Driscoll is stepping down after 18 months, the White House said Monday, amid reported friction with Defense Secretary Pete Hegseth.

Meta May Overtake Google Search in Ad Revenue This Year, Bernstein Says

Bernstein analysts say Meta could pass Google Search in advertising revenue by year-end 2025, driven by returns on its roughly $60 billion AI spending.

PG&E Sinks 18%, Edison Falls 23% as California Wildfire Bill Omits Liability Cap

PG&E fell 18% and Edison International 23% after a California wildfire bill offered victim protections but no cap on utility liability, exposing investors

Supreme Court Lets Trump Continue $400 Million White House Ballroom Construction

A divided US Supreme Court ruled 5-4 on Monday to let the White House continue building a $400 million ballroom while lawsuits proceed. Roberts dissented.

Mortgage Rates Drop Sharply Ahead of Anticipated Fed Cut

Mortgage rates saw a sharp decline on Tuesday, dropping to levels not seen since late 2022, as investors in mortgage-backed securities positioned themselves ahead...

Huawei Launches Mate XTs Trifold Smartphone with Innovative Design

Huawei has unveiled the second generation of its trifold smartphone, the Huawei Mate XTs, as the company seeks to strengthen its position in China...

JetBlue Teams Up with Amazon’s Project Kuiper for High-Speed In-Flight Wi-Fi

JetBlue Airways has announced plans to equip roughly a quarter of its fleet with Amazon’s Project Kuiper satellite technology to enhance in-flight Wi-Fi, with...

Atlassian Acquires AI Browser Startup The Browser Co. for $610 Million

Atlassian has announced its acquisition of The Browser Co., an AI-focused web browser startup, for $610 million in cash, with the deal expected to...

Figma Shares Drop 20% Following First Post-IPO Earnings Report

Figma’s stock experienced a dramatic decline of nearly 20% on Thursday, hitting its lowest level since the company went public in July. The drop...

Salesforce Stock Falls After Q2 Earnings Despite AI Growth

Salesforce faced another setback as its stock dropped nearly 5% following a cautious revenue forecast in its latest quarterly earnings report, extending its 2025...

Sierra AI Startup Reaches $10 Billion Valuation After $350M Funding

Bret Taylor’s artificial intelligence startup, Sierra, has reached a milestone with a $10 billion valuation after securing $350 million in new funding. This places...

Waymo to Launch Autonomous Robotaxi Service at San Jose Airport

Alphabet’s autonomous vehicle unit, Waymo, is preparing to launch test rides for its robotaxis at San Jose Mineta International Airport in California this fall....

OpenAI Expands in India with ChatGPT Growth and Local Initiatives

OpenAI is rapidly expanding its presence in India, recognizing the country as a critical market for its ChatGPT product. India’s large and youthful population...

OpenAI Launches AI Jobs Platform and Expanded Certification Programs

OpenAI has announced plans to launch an AI-focused jobs platform aimed at connecting qualified candidates with companies, part of a broader strategy to expand...

Tesla Proposes $975 Billion Pay Plan for CEO Elon Musk

Tesla has proposed an unprecedented pay plan for CEO Elon Musk, seeking shareholder approval for a package that could be worth nearly $975 billion...

Broadcom Shares Soar as $10 Billion AI Customer Boosts Growth Outlook

Broadcom shares surged 9.4% after the chipmaker revealed it had secured a new $10 billion customer, widely believed by analysts to be AI startup...

EU Slaps Google with $3.45 Billion Antitrust Fine Over Adtech Practices

Google has been hit with a 2.95-billion-euro ($3.45 billion) antitrust fine by European Union regulators over alleged anti-competitive practices in its advertising technology business....

Roblox Launches Short-Video and AI Tools Amid Child Safety Scrutiny

Roblox has unveiled new short-video and artificial intelligence features as the company faces heightened scrutiny over child safety on its platform. The new short-video...

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