Business news

Business news • Jul 07

Louis Vuitton court victory against Chinese tea chain stirs up a debate over copyrights

A debate over use of traditional Chinese symbols has cropped up after a court ordered a Chinese tea chain to pay the French luxury brand Louis Vuitton $1.5...

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Business news • Jul 07

Meta Is Facing $1.4 Trillion In State Lawsuits Over Social Media Addiction

Meta is facing penalties of up to a massive $1.4 trillion from four US states that sued the company over the addictive designs of Facebook and Instagram,...

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Business news • Jul 07

Four states seeking $1.4 trillion in penalties in child social media addiction trial, Meta says

Four states are seeking $1.4 trillion in penalties from Meta over claims that the social media giant designed Facebook and Instagram to be addictive to...

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Business news • Jul 07

U.S. Stocks Move Sharply | Samsung Triggers the 'Sell on Good News' Pattern; Major U.S. Memory Chipmakers Slump in After-Hours Trading, with Micron Technology and SanDisk Down Over 6%

Gelonghui,July 7 | U.S. memory-related stocks collectively declined in the current after-hours trading session, dragged down by sharp drops in Samsung...

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Business news • Jul 07

Asian markets retreat after rebounding AI stocks send the S&P 500 to brink of a new record

Asian shares have retreated despite a rebound for AI stocks that lifted stocks on Wall Street. The Kospi in South Korea plunged nearly 8% and Tokyo's Nikkei...

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Business news • Jul 07

Chinese AI models are gaining ground with U.S. companies as OpenAI, Anthropic costs surge

Recent model releases from Chinese companies including DeepSeek and Z.ai are seen by many as highly competitive compared to leading U.S. frontier systems.

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Business news • Jul 07

Samsung Results Trigger Stock Rotation to Less Loved Sectors

Asian tech stocks slumped, as investors used Samsung Electronics Co.'s results to lock in profits on a stellar year-to-date chip rally, rotating into...

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Business news • Jul 07

Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial

Meta Platforms ​said in a court filing on Monday that four states were seeking $1.4 trillion in penalties over accusations the company designed its Facebook...

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Business news • Jul 07

Samsung profits jump 1,800% as AI chip sales soar

The firm's shares fell sharply on Tuesday as some investors had expected an even stronger performance.

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Business news • Jul 07

Seoul dives on mixed day in Asia as Samsung fails to ease tech woes

Seoul once again led losses on a mixed day in Asian stocks Tuesday as chip giant Samsung tumbled despite an eye-watering rise in profit, stoking fears that...

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Business news • Jul 07

MU, SNDK, DRAM Dip Overnight As Memory Stocks Feel Weight Of Samsung’s Post-Earnings Selloff

MU and SNDK stocks dropped around 4.5% in overnight trading late Monday. Samsung said its Q2 operating profit would increase 19-fold year over year to 89.4...

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Business news • Jul 07

In-N-Out unveils 6 new locations across 5 states. See where

In-N-Out Burger is expanding again, with six stores slated to open in five states. The iconic fast food company has grown beyond its California roots in...

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Business news • Jul 07

Samsung Electronics sees record preliminary 2Q profit but shares fall

Samsung Electronics on Tuesday reported preliminary second-quarter operating profit of 89.4 trillion won ($58.4 billion), versus 57.2 trillion won in the...

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Business news • Jul 07

Nasdaq drops 1% as chip stocks tumble and oil spikes; Dow slips below 53,000: Live updates

were little changed on Monday night after a record-setting session for the blue-chip index. Futures tied to the 30-stock index added 34 points,...

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Business news • Jul 07

Walmart is lowering prices on summer BBQ items. Trump says it’s because of him

President Donald Trump is taking credit for Walmart's summer sale, claiming that a request from his administration led to discounts on thousands of items...

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Business news • Jul 06

US investors will soon get access to SK Hynix, another memory maker riding the AI boom

SK Hynix is experiencing a boom credited to AI. It will ride that to a multibillion-dollar U.S. IPO, expected to take place on Friday.

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Business news • Jul 06

Black hair care pioneer George E. Johnson Sr. dies at 99

George E. Johnson Sr., the pioneering American businessman and entrepreneur who built a Black hair care empire, died at his home in Chicago on Monday.

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Business news • Jul 06

Walmart, Sam's Club slash prices on thousands of products as Trump says move came at his request

Fresh corn drops to $0.25 and ground beef falls nearly 15% as the retailers target backyard barbecue staples. Facebook; Twitter; Threads; Print; Email...

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Business news • Jul 06

Samsung Electronics Announces Earnings Guidance for Second Quarter 2026

Samsung Electronics today announced its earnings guidance for the second quarter of 2026.

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Business news • Jul 06

Trump says Walmart cut prices at his request, but Walmart statement omits administration's role

President Donald Trump is claiming credit for Walmart's recent price cuts, though the retailer's statement doesn't mention his administration's involvement.

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