Business news

Business news • Aug 10

Meta, others lose appeal to drop thousands of social media addiction lawsuits

A U.S. Appeals Court said Monday that thousands of lawsuits targeting Meta Platforms, ByteDance's TikTok and other social media outlets over claims that...

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Business news • Aug 10

Nvidia gets $500bn from major investors to develop AI infrastructure

Nvidia has teamed up with some of Wall Street's largest banks and investors to raise $500bn (£370bn) in capital for artificial intelligence (AI)...

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Business news • Aug 10

Apple Reportedly Testing Controversial Chinese Chips as Memory Supply Crunch Intensifies

Apple is allegedly testing chips from a chipmaker that the Trump Admin considers a Chinese military company.

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Business news • Aug 10

Trump media group racks up losses and pushes into nuclear fusion

Donald Trump's media company reported deep losses in the second quarter as it dropped crypto deals, pushed plans to sell fast access to his Truth Social...

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Business news • Aug 10

Traffic to Trump’s Truth Social Falls Sharply This Summer

President Trump's social media platform has had double-digit declines in visitors in June and July, according to estimates from a widely cited online...

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Business news • Aug 10

Mark Zuckerberg doesn’t understand how to live

Mark Zuckerberg wrote a manifesto on the future of AI. Its view of human experience is grim.

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Business news • Aug 10

Here’s Why DJT Stock Tumbled Today

Monday's tumble erased two weeks worth of gains made by Trump Media.

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Business news • Aug 10

Flowers Foods seeks to divest Tastykake baked goods business, sources say

Packaged food company Flowers Foods is seeking to divest its baked goods business ​Tastykake, according to people familiar with the matter.

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Business news • Aug 10

SpaceX Rival Rocket Lab Reports Mixed Earnings, AST Space Up Next

SpaceX rivals Rocket Lab and AST SpaceMobile reported mixed-to-weak second-quarter results late Monday, though both guided higher. The space stocks fell...

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Business news • Aug 10

July CPI Expected to Bounce Back After Unexpected June Inflation Decline

Economists see a slight overall softening in inflation, but price pressures remain above the Fed's target.

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Business news • Aug 10

BRKB Stock: Investors Are Starting To Look Past Warren Buffett

New CEO and Warren Buffett successor Greg Abel made several bold moves in Q2. On Monday, BRKB stock popped to a new high, in a buy zone.

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Business news • Aug 10

Canada flight cancelled after child refuses to wear seat belt

The cancellation of a flight in Canada after a child refused to wear a seat belt has reignited a debate about the etiquette and safety procedures relating...

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Business news • Aug 10

TikTok is calling US staffers back to the office 5 days a week, starting next month

TikTok is summoning its workers back to their desks full time. TikTok said that, starting in September, it will require most US employees to return to the...

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Business news • Aug 10

US Drone Ban Explained: What You Can and Can't Buy in 2026

Following its ban on new foreign-made drones and DJI cameras, the FCC is now revoking prior approvals for existing devices. Here's what it means for current...

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Business news • Aug 10

TSMC Sales Jump 45% On Strong AI Chip Demand But Investors Shrug

TSMC said its sales in July rose nearly 6% from June and 45% year over year thanks to strong demand for AI chips. But TSM stock wavered.

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Business news • Aug 10

Supermicro to report Q4 results in latest test for AI infrastructure company

Supermicro (SMCI) will report its fourth quarter earnings after the bell on Tuesday, after the company provided a preliminary business update late last...

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Business news • Aug 10

Rocket Lab Narrows Loss As Revenue Climbs

The launch and space systems company on Monday reported a loss of $49.3 million, or 8 cents a share, compared with a loss of $66.4 million,...

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Business news • Aug 10

Rocket Lab Stock Pares Losses After Mixed Earnings Report

Shares of Rocket Lab recouped most of their initial losses in after hours trading Monday after the space launch services and technology provider reported...

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Business news • Aug 10

Amazon backs power plant that may become top source of US climate pollution

Amazon's artificial intelligence ambitions will soon be partly fueled by a natural gas-burning power plant in Texas that “could become the largest single...

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Business news • Aug 10

US Futures Drop as Focus Turns on Chipmaker Earnings, Inflation

US stocks held steady through Monday's market close after a strong earnings week as investors continue to navigate the uncertain path of interest rates and...

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