Apple's Ternus Era Begins at 36 Times Earnings
John Ternus takes over as Apple's chief executive on September 1, ending Tim Cook's 15-year run and installing a 25-year hardware veteran in the top r
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Stripe and Advent walk away from PayPal pursuit
A consortium of Stripe and Advent International has ended its attempt to acquire PayPal, Bloomberg reported on Friday, citing people familiar with the…
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Global Energy Import Bill Swells $330 Billion in Six Months of Iran War
The conflict involving the United States, Israel and Iran has added $330 billion to the world's energy import tab over the six months through August,
Treasury Yields Surge After Warsh Declines to Soothe Markets
The US Treasury placed $797 billion of securities across ten auctions from Monday through Thursday, a weekly tally that would have dominated headlines
Nvidia's $96 Billion Quarter Masks Margin Pressure
Nvidia's July quarter revenue more than doubled to $96.2 billion and adjusted profit landed at $2.22 a share, but the real story sits in a supply-chai
BYD net profit jumps 30% as revenue slides
BYD posted its first quarterly profit increase in more than a year, a 29.8% year-on-year rise to 8.2 billion yuan that snapped a streak of four consec
Huang says data centers can fix grid they strain
Nvidia chief executive Jensen Huang told CNBC on Wednesday that the AI industry must do "better" selling communities on the data center build-out that
Rivian loses finance chief to GE Vernova
Rivian's chief financial officer Claire McDonough is departing after six years to run finance at GE Vernova, handing the electric-vehicle maker a lead
JD.com's $1.3bn Hong Kong bet challenges footfall property logic
JD.com is pouring US$1.3 billion into Hong Kong stores and warehouses, a bet that could upend the city's decades-old retail property model where rent
Nvidia, Salesforce earnings break bear cases
Jim Cramer argued Thursday that Nvidia and Salesforce each dismantled a dominant pessimistic narrative with their latest quarterly prints, driving sha
Chevron Secures 20-Year Microsoft Power Agreement
Chevron’s second-quarter beat was the headline, but the real story landed three weeks earlier when the company locked in a two-decade take-or-pay powe
Armstrong Scales Back Bitcoin Target to $300K
Coinbase chief executive Brian Armstrong told Fox Business this week that Bitcoin is "very likely" to trade between $300,000 and $400,000 by 2030, a f
TotalEnergies Transfers Arctic LNG 2 Stake to Novatek Subsidiary
TotalEnergies has completed the transfer of its 10 percent stake in the sanctioned Arctic LNG 2 project to NordLine, a subsidiary of operator Novatek,
Supertanker Rates Near $650,000 as Iran War Reshapes Gulf Flows
Earnings for supertankers on the benchmark Saudi Arabia-to-China route hit $647,000 a day on Thursday, a record that sits more than ten times above th
Salesforce posts beat-and-raise quarter as AI disruption fears recede
Salesforce shares rose 2.5% to $258.48 after the company delivered a second quarter that exceeded expectations and lifted its full-year subscription r
Nevada approves Tesla robotaxi fleet of 5,000
Tesla secured a Nevada Transportation Authority permit on Aug. 24 to operate 5,000 autonomous taxis in the state, a regulatory green light that arrive
Salesforce surges 20% on earnings beat and Anthropic deal
Salesforce shares jumped more than 20 percent Thursday, putting the stock on track for its second-best session on record behind only the 26 percent ra
Nvidia Defends Half Trillion Dollar AI Financing Push
Nvidia chief executive Jensen Huang went on television Wednesday to argue that the chipmaker’s expanding role as financier to the AI boom is not a rou
Salesforce surges 20% on earnings beat and Anthropic deal
Salesforce shares jumped more than 20 percent on Thursday, putting the stock on track for its second-best session on record behind only the 26 percent
Boeing's $131 Billion F-15 Ceiling Contract
The Department of Defense awarded Boeing an indefinite-delivery/indefinite-quantity contract with a $131.23 billion ceiling for F-15 Eagle sustainment
Gulf Oil Exports Recover to Two-Thirds of Pre-War Levels
Oil shipments leaving the Persian Gulf have climbed back to roughly two-thirds of the volumes seen before the Iran conflict erupted, Goldman Sachs est
Ackman concentrates Pershing Square in four AI application bets
Bill Ackman's Pershing Square held 44.4 percent of its $19.5 billion portfolio in Uber, Microsoft, Amazon and Meta Platforms at the end of June, a clu
Target CEO Sells $8.2 Million in Stock After 68% Rally
Target chief executive Brian Cornell sold 50,000 shares on August 25 for $8.2 million, trimming a position that had swollen alongside a 68 percent one
Citadel Boosts AbbVie Stake to $798 Million
Ken Griffin's Citadel added 2.7 million AbbVie shares in the second quarter, lifting the hedge fund's position by 547 percent to 3.2 million shares va
SpaceX Commits $100 Billion to Louisiana Starship Campus
SpaceX announced Tuesday a $100 billion Starship campus in Vermilion Parish, Louisiana, a capital commitment that dwarfs the company's recent spending
Analog Devices Ireland triples pre-tax profit on dividend flow
The Irish unit of Analog Devices reported pre-tax profit of $1.79 billion for the year ended November 1, a 268 percent jump from $487.78 million a yea
Nvidia Q2 revenue clears $96 billion as AI spending accelerates
Nvidia posted second-quarter fiscal 2027 revenue of $96.2 billion, blowing past the $92.3 billion consensus and more than doubling the year-ago figure
Grafana hits $600 million ARR as AI deployment drives observability spend
Grafana Labs has passed $600 million in annual recurring revenue, up at least 50 percent from $400 million in September, as companies move from AI exp
BOCHK beats estimates as credit costs retreat
Profit attributable to shareholders reached HK$23.74 billion for the first half, or HK$2.2453 per share, topping the HK$22.94 billion consensus. The r
Nvidia circles Hugging Face as open-weight deals hit $26bn
A reported $13 billion bid for Hugging Face would bring the tally for open-weight AI acquisitions to more than $26 billion in a matter of weeks, count
Nvidia Guides for $108 Billion Quarter
Nvidia forecast $108 billion of revenue for the current quarter, a figure that would make it the fourth U.S. company to breach the hundred-billion-dol