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

Perplexity AI in Talks for $500 Million Raise at $14 Billion Valuation

Perplexity AI is in advanced discussions to raise $500 million in funding, with a valuation of $14 billion. Accel, a venture capital firm based...

Coinbase Joins S&P 500, Replacing Discover Financial Services

Coinbase is set to join the S&P 500, replacing Discover Financial Services, as announced on Monday. The change will take effect before the market...

Samsung Galaxy S25 Edge: A Thin, High-End Smartphone to Compete in 2025

On Tuesday, Samsung unveiled its latest high-end device, the Galaxy S25 Edge, a remarkably slim smartphone measuring just 5.8 millimeters in thickness and weighing...

Fintech Firms Face Challenges as Interest Rates Decline

In 2022, financial technology (fintech) firms were among the hardest hit by rising interest rates from global central banks, leading to a decline in...

SoftBank Vision Fund Reports Loss Amid Declining Tech Investments

SoftBank's Vision Fund posted a loss for the fiscal year ending in March, marking a slowdown in the performance of its massive tech investment...

Dubai Partners with Crypto.com to Enable Cryptocurrency Payments for Government Fees

Dubai’s Department of Finance has entered into a strategic partnership with Crypto.com, allowing government service fees to be paid using cryptocurrencies. The agreement, signed...

Media Companies Face Economic Uncertainty at Annual Upfronts

Media companies are facing economic challenges as they prepare for their annual pitch to advertisers. This week, entertainment giants like NBCUniversal, Fox, and Warner...

Walgreens Expands Robotic Prescription Centers to Boost Efficiency and Patient Care

Walgreens is intensifying its focus on automation as it navigates challenges facing the retail pharmacy sector. The company is expanding its network of micro-fulfillment...

Fox to Launch Streaming Platform Fox One Ahead of NFL Season

Fox Corporation has announced plans to launch its new direct-to-consumer streaming service, named Fox One, ahead of the upcoming National Football League season. The...

GM Appoints Former Tesla and Aurora Executive Sterling Anderson as Chief Product Officer

General Motors has appointed Sterling Anderson as its new chief product officer, a strategic hire that underscores the automaker’s commitment to innovation across both...

Michael Jordan Joins NBC’s NBA Coverage as Special Contributor

NBC is set to bring NBA coverage back to its network this fall, and it's doing so with a major addition—basketball legend Michael Jordan....

Trump Administration Launches Task Force to Fix Newark Airport Telecom Failures

The Trump administration announced the formation of an emergency task force on Monday to tackle recent telecommunications disruptions at Newark Liberty International Airport. The...

Toy Stocks Surge as U.S. Temporarily Eases China Tariffs

Major toy manufacturers saw their shares soar on Monday following an announcement that the United States would temporarily ease tariffs on Chinese imports. The...

McDonald’s Plans to Hire 375,000 Workers Amid Summer Push and Political Strategy

McDonald’s announced a major hiring initiative this summer, aiming to recruit up to 375,000 workers across its U.S. restaurants. The news came during a...

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