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

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

Nvidia Invests $3.5 Billion in MediaTek to Deepen AI Chip Partnership

Nvidia has committed $3.5 billion to MediaTek through convertible bonds, expanding an AI chip partnership between the two semiconductor firms.

Eli Lilly to Buy Merida Biosciences for Up to $2.88 Billion in Cash

Eli Lilly will acquire autoimmune drugmaker Merida Biosciences for up to $2.88 billion in cash, expanding its immunology pipeline.

Oil Jumps Nearly 4% as US and Iran Exchange Fresh Strikes

Crude climbed nearly 4% and the Dow fell on Monday after the US and Iran exchanged attacks for the first time since July.

Kalshi Permanently Bans George Santos Over Illegal Prediction-Market Trades

Prediction market platform Kalshi permanently banned former U.S. Rep. George Santos over trades regulators found manipulative, tied to a State of the Union

US Stock Futures Fall as Iran Strikes and Fed Rate Bets Rattle Traders

US stock futures dropped Monday as strikes on Iran and rising Fed rate-hike bets rattled traders, with Trump vowing further action against Tehran.

China Property Stocks Slide as New Presale Mortgage Rules Squeeze Developer Cash

China's central bank unveiled new housing presale rules requiring staged release of buyer funds, sending property stocks lower on developer funding concern

Aon Nears $17 Billion Deal for KKR-Backed Broker USI Insurance

Aon is nearing a roughly $17 billion agreement to acquire KKR-backed USI Insurance Services, one of the largest brokerage deals in years.

Sony Music, Warner Sue Anthropic Over Alleged Copyright Theft

Sony Music and Warner have sued Anthropic, alleging "blatant theft" of copyrighted lyrics used to train its Claude AI models as the firm eyes an IPO.

Qantas Shares Jump 4% on New Business Seats as Profit Hits Four-Year Low

Qantas shares rose 4% after unveiling new business-class seats, even as full-year profit fell to a four-year low on higher fuel costs.

Yen Hovers Near 160 as Oil Surge Pressures Asian Currencies

The yen hovered near 160 per dollar on Monday as an oil rally pushed investors toward safety, with Goldman saying carry trades will keep thriving.

Deutsche Bank Downgrades Novo Nordisk to Sell After 70% Stock Plunge

Deutsche Bank downgraded Novo Nordisk to sell on Thursday after the Ozempic maker's stock fell roughly 70% from its peak amid rising competition.

Bank of Korea Raises Rate to 3% in Second Straight Hike

The Bank of Korea raised its benchmark rate 25 basis points to 3.0% on Thursday, a second straight hike backed by a chip-led export boom.

Warsh Cuts Fed Statement to 130 Words, Drops All Rate-Cut Language

Fed Chair Kevin Warsh shortened the post-meeting statement to 130 words from 341, removing all mention of future rate cuts and hinting at higher-for-longer

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