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

Fortnite Resubmitted to Apple’s App Store After Legal Victory

Epic Games announced on Friday that it has submitted Fortnite to the Apple App Store, marking a significant development in the ongoing legal dispute...

Rippling Hits $16.8 Billion Valuation After New Funding Round

Human resources software company Rippling announced a significant funding milestone, reaching a valuation of $16.8 billion in its latest fundraising round. The San Francisco-based...

Affirm Shares Drop After Weak Forecast Despite CEO’s Push for 0% Loans

Affirm shares dropped sharply on Friday after the fintech company released a weaker-than-expected revenue forecast and investors expressed concern over its increasing emphasis on...

Google Antitrust Trial Nears End as DOJ Pushes Major Search Remedies

The final days of Google’s antitrust remedies trial have shed light on the significant operational changes the company may be forced to make if...

Google Reaches $1.375 Billion Settlement with Texas Over Data Privacy Violations

Google has agreed to pay $1.375 billion to the state of Texas to resolve allegations that it violated the data privacy rights of its...

Omada Health Files for IPO Amid Digital Health Resurgence

Omada Health, a virtual care provider focused on chronic condition management, filed for an initial public offering on Friday, becoming one of the few...

Trump’s Crypto Ties Derail Stablecoin Legislation in Senate

President Donald Trump's personal involvement in cryptocurrency is creating significant obstacles for advancing federal legislation on stablecoins. This week, the Senate failed to pass...

ESPN Reveals Name and Details for Upcoming All-Access Streaming Service

After years of development and speculation, ESPN has officially settled on the name for its upcoming all-access streaming service: simply, “ESPN.” The name choice...

Multifamily Rental Market Stabilizes as Tenants Stay Put and Vacancy Drops

Renting has long offered flexibility and cost advantages over homeownership, especially in major urban areas. Typically, about half of apartment renters move when their...

FAA Reports Second Radar Outage at Newark as Modernization Plans Unveiled

Air traffic controllers at Newark Liberty International Airport experienced another radar and communication outage early Friday morning, losing contact with aircraft for approximately 90...

Ultra-Rare 1999 Platinum Rolex Daytona Set for $1.7M Auction at Sotheby’s

A rare and extraordinary Rolex is set to draw global attention as it heads to auction this Sunday at Sotheby’s in Geneva. This 1999...

Chinese EV Makers Eye South Korea for Growth Amid Competition with Hyundai and Kia

Chinese electric vehicle (EV) makers, led by BYD, are targeting South Korea as a key market for growth, aiming to enhance profitability in the...

Strong IPO Performance in Hong Kong Boosted by Capital Inflows and Investor Confidence

Strong investor enthusiasm and substantial capital inflows have resulted in exceptional initial public offering (IPO) performances in Hong Kong this year. Auntea Jenny, a...

Lower Hong Kong Interbank Rates to Boost Mortgage Borrowers and Property Market

A sharp decline in Hong Kong's interbank offered rates (Hibor) is expected to benefit mortgage borrowers and companies, potentially boosting the city’s property market...

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