Business

Dell Surges 9% After Tripling AI Server Forecast, Backlog Hits $95 Billion

Dell shares jumped 9% on September 1 after raising its fiscal 2027 AI server forecast to triple, with order backlog reaching $95 billion.

Anthropic Signs $35 Billion Cloud Deal With Nvidia-Backed Lambda

Anthropic has agreed to a $35 billion cloud computing deal with Nvidia-backed Lambda, adding to a rapid series of AI compute commitments.

Global Bond Selloff Pushes Yields to Highest Levels Since 2008

A worldwide bond selloff has pushed government yields to their highest since 2008, raising mortgage, loan and financing costs for households and businesses

John Ternus Takes Over as Apple CEO, Ending Cook’s 15-Year Run

John Ternus became Apple's CEO on Tuesday, ending Tim Cook's 15-year run as the company faces AI pressure and rising memory prices.

Global Bond Yields Hit Multi-Decade Highs as Iran Conflict Revives Inflation Fears

Bond yields surged across major markets on September 1 as US-Iran hostilities revived energy and inflation fears, driving Japan and UK rates to decades-hig

Morrison Outdoors Impresses on Shark Tank but Investment Deal Falls Through

Seven years ago, Tavis Malcolm and his wife faced a challenge on a camping trip—they couldn’t find a proper sleeping bag for their newborn...

Microsoft Cuts 6,000 Jobs Globally in Organizational Restructuring

Microsoft has announced a significant restructuring effort that includes laying off approximately 6,000 employees, representing about 3% of its global workforce. The job cuts...

Spirit Airlines Introduces Premium Seating and Cardholder Perks in 2025 Strategy Shift

Spirit Airlines announced the rollout of new premium offerings aimed at attracting more upscale leisure travelers. The airline will begin installing an extra-legroom seating...

Hertz Shares Drop 17% Following Q1 Losses and $250 Million Stock Offering

Hertz Global shares fell sharply on Tuesday after the rental car company posted weaker-than-expected first-quarter earnings and announced a $250 million stock offering aimed...

YouTube to Stream NFL Week 1 Game for Free in Global First

YouTube will stream its first-ever full National Football League game live and for free on September 5, marking a significant milestone in sports broadcasting....

American Eagle Writes Down $75M in Inventory Amid Falling Sales

American Eagle has announced a $75 million inventory write-down tied to unsold spring and summer merchandise and has withdrawn its full-year guidance for fiscal...

Tech Stocks Soar $837 Billion After U.S.-China Tariff Pause

The so-called "Magnificent 7" group of major tech stocks saw a dramatic surge in market value, adding a combined $837.5 billion on Monday following...

U.S. Tariff Revenue Hits Record High in April Amid Soaring Customs Duties

Receipts from U.S. tariffs surged to a record high in April, as the financial impact of President Donald Trump’s trade measures began to materialize...

Honda Profits Tumble as Tariffs Impact Outlook and Future Earnings Forecast

Honda reported a steep decline in its fourth-quarter operating profit, missing analyst expectations as the Japanese automaker braces for the continued impact of U.S....

Stock Futures Drop Ahead of Inflation Data After Major Market Rally

Stock futures declined early Tuesday, following a significant rally the previous day, as investors awaited a closely watched inflation report. Dow Jones Industrial Average...

UK Artists Oppose AI Copyright Reforms, Demand Stronger Protections

A group of prominent British musicians, including Elton John and Dua Lipa, are urging the U.K. government to reconsider its approach to copyright laws...

KindlyMD Merges with Nakamoto Holdings in $710M Crypto Deal

Shares of KindlyMD soared by 250% on Monday following the announcement of its merger with Nakamoto Holdings, a bitcoin investment company founded by David...

Trump Sons’ Bitcoin Mining Company Set to Go Public via Merger

A bitcoin mining company backed by President Donald Trump's sons, Eric Trump and Donald Trump Jr., is set to go public on the Nasdaq...

Trump Talks to Tim Cook as U.S. and China Suspend Tariffs

President Donald Trump shared that he had spoken with Apple CEO Tim Cook following the announcement that the U.S. and China had agreed to...

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