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

China’s Car Sales Surge in April Amid Trade and Subsidy Impact

China's car sales saw a notable increase in April, with a 14.8% rise compared to the previous year, marking the third consecutive month of...

Federal Reserve Takes Cautious Approach Amid Tariff and Policy Uncertainty

Cleveland Federal Reserve President Beth Hammack stated that the Fed needs more time to evaluate how the U.S. economy reacts to the trade policies...

CSX Reaches Tentative Agreement with Brotherhood of Locomotive Engineers and Trainmen

CSX has reached a tentative agreement with the Brotherhood of Locomotive Engineers and Trainmen (BLET) for a new five-year contract. The agreement, which still...

Google Agrees to $1.375 Billion Settlement Over Privacy Violations in Texas

Google has reached a settlement agreement with the state of Texas, agreeing to pay $1.375 billion to resolve two lawsuits alleging the company violated...

China’s Economic Struggles Highlight Need for Stimulus Amid Deflation and Trade War

China's economy continues to struggle as factory-gate prices fell sharply in April, marking the steepest drop in six months. This, combined with a third...

Weight-Loss Drugs Disrupt Wellness Industry as Companies Adapt

Health and wellness companies are quickly adapting to the rise of weight-loss drugs, particularly those from Novo Nordisk and Eli Lilly, as traditional weight...

U.S.-China Trade Talks Spark Investor Optimism, but Major Breakthroughs Unlikely

As U.S.-China trade talks continue in Switzerland, investors are hopeful that the discussions could help alleviate tensions between the two largest economies and reduce...

DHS Warns of Potential Charges After Clash Between New Jersey Lawmakers and ICE

Tensions escalated at a federal immigration detention center in Newark, New Jersey, on Friday, as three Democratic lawmakers clashed with authorities, leading to the...

Prediction Markets See $40 Million Bet on Papal Conclave

The recent papal conclave drew significant attention, and many people tried to predict the outcome, even betting on the new pope. Bettors invested more...

U.S. Tourism Faces Decline Amid International Travel Concerns

Anacortes, a small town on the coast of Washington state, is facing a drop in tourism that local businesses, such as Kaia Matheny's Adrift...

Tracee Ellis Ross Discusses Challenging Societal Expectations at 52

Tracee Ellis Ross, the acclaimed actress and daughter of legendary musician Diana Ross, has lived much of her life in the public eye. As...

Lyft Surges 28% After Strong Results and Boosted Share Buyback Plan

Lyft's stock surged 28% following the release of better-than-expected results for the first quarter, marking its best day since February 2024. The ride-sharing company...

Digital Advertising Sector Thrives Amid Economic Concerns

The digital advertising market had a strong performance this past quarter, providing a potential final surge before a challenging economic climate, driven by President...

Bitcoin Surges Past $100,000 Amid Strong Week for Ether

Cryptocurrencies extended their gains to close the week with bitcoin maintaining a steady position above the $100,000 mark, while ether experienced its most significant...

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