Business news

Business news • Jul 01

Mixed US auto sales in Q2 amid high gas prices

Automakers reported mixed second-quarter US sales Wednesday, illustrating continued demand for larger vehicles as well as strength in fuel-efficient models...

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Business news • Jul 01

US car sales on cruise control despite pressures

Automakers on Wednesday reported steady second-quarter U.S. vehicle sales, despite what normally would be a bleak ​backdrop for the car business.

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Business news • Jul 01

Apple in Talks to Buy Memory Chips From Chinese Makers CXMT and YMTC

Apple is in talks to buy memory from Chinese semiconductor companies ChangXin Memory Technologies Co. (CXMT) and Yangtze Memory Technologies Co.

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Business news • Jul 01

CMA CGM to Buy FedEx Supply Chain for $1.4 Billion

France's CMA CGM, the world's third-largest container line by capacity, is acquiring FedEx Supply Chain for $1.4 billion in a deal that extends its reach...

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Business news • Jul 01

AI Bubble Burst: Meta Admits 'Excess Compute Capacity'

Meta Platforms, Inc. signals excess compute capacity—could AI capex slow next? See the outlook for AI infrastructure, semis, and the AI bubble.

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Business news • Jul 01

Why Meta’s Move to the Cloud Is a Big Deal—and Bad News for CoreWeave and Nebius

spiked following a report that the company might launch a cloud business to sell excess artificial-intelligence computing capacity—and for good reason.

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Business news • Jul 01

Meta stock soars as Zuck explores cloud business

Meta shares soared nearly 9% Wednesday on a report that the company is wading into the business of selling cloud computing services and access to AI models.

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Business news • Jul 01

Micron Stock Falls Even After Analyst Forecasts Strong Demand and $1,600 Target

Micron stock is falling to kick off the third quarter but memory-chip prices were higher in June.

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Business news • Jul 01

Trump Accounts are launching. Here's how the money will be invested.

At launch, all funds in a Trump Account will be automatically invested in the State Street SPDR Portfolio S&P 500 ETF, a low-cost index fund that tracks the...

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Business news • Jul 01

AOL, Vimeo owner Bending Spoons surges nearly 40% in US market debut

Bending Spoons shares closed nearly 40% higher in their U.S. market debut on ​Wednesday, as investors bought into the Italian firm's model of buying and...

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Business news • Jul 01

SpaceX Stock Gets Analyst Buy Rating, $190 Price Target on Starlink, AI Growth

Wedbush analyst Dan Ives launched coverage of SpaceX with a Buy rating and $190 price target.

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Business news • Jul 01

Meta Shares Jump 10% After Report Reveals AI Cloud Plans

Meta's AI Cloud Expansion Rattles Big Tech, Cloud Stocks Slide.

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Business news • Jul 01

Wedbush Initiates SpaceX Coverage With 'Outperform' Rating, $190 Price Target

Analysts at Wedbush gave SpaceX a price target of $190 a share. The stock fell more than 7% during Wednesday's session.

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Business news • Jul 01

NASA chief praises progress Blue Origin is making after launch failure

NASA Administrator Jared Isaacman said this week that Blue Origin has been putting significant resources into the cleanup of its launch pad since the...

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Business news • Jul 01

What's The Best Temperature To Set Your AC During Extreme Heat?

Find the best AC temperature for a heatwave, plus simple ways to stay cool, save energy, and keep your electric bill lower during extreme heat.

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Business news • Jul 01

Trump Accounts to Receive $250 Million Donation From Chip Maker Micron

President Trump said on Wednesday that Micron, a U.S. chip company, had agreed to invest $250 million in Trump accounts, a new type of investment account...

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Business news • Jul 01

U.S. to Overhaul Radiation Safety Rules to Spur Nuclear Expansion

The Nuclear Regulatory Commission on Wednesday proposed overhauling its safety rules for radiation exposure from nuclear power plants, saying that the...

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Business news • Jul 01

Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation

WASHINGTON (AP) — New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation,...

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Business news • Jul 01

Texas leads nation in proposed power plants for data centers, which would emit large amounts of greenhouse gases

Texas is poised to lead the nation in power plants built to fuel data centers, according to a new report from an environmental watchdog group that warns the...

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Business news • Jul 01

Palantir CEO Calls Drugs ‘The One Thing I Don’t Do’ in Wildly Unhinged Interview

"This is the voice of American business that is being channeled through me," Alex Karp declared on national television.

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