Business news

Business news • Aug 03

U.S.-Japan intervention revives yen carry trade fears for bitcoin

Coordinated action sent the yen sharply higher, but bitcoin's recent correlation suggests U.S. dollar strength, rather than the carry trade, may be the...

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Business news • Aug 03

KKR to Buy Integer Holdings for $4.3 Billion in Cash

KKR will pay $127 a share for Integer, the companies said Monday, a 4.8% premium to Friday's closing price of $121.21 for the Plano, Texas, company and some...

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Business news • Aug 03

Hemp Industry Scores Major Win To Keep Intoxicating THC Products Legal

Senate leaders have introduced a plan that would delay a scheduled recriminalization of hemp THC products in a move industry insiders are calling a...

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Business news • Aug 03

Nissan Turns A Profit For The First Time In Two Years As Pigs Fly, Hell Freezes Over

An unexpected win for Nissan and more tough times for Toyota.

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Business news • Aug 03

US Factory Activity Expands at Strongest Pace Since 2022

US manufacturing activity expanded in July at the fastest pace in more than four years as demand remained strong, production surged and firms added workers.

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Business news • Aug 03

Visa acquires Israeli fraud prevention company BioCatch for $2.4 billion

The company, which is being purchased from private equity firm Permira, develops technology that helps financial institutions detect fraud before...

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Business news • Aug 03

Apollo Global Management confirms plans for HQ2 in Austin

Private capital firm Apollo Global Management has confirmed it's heading to downtown Austin, and there are indications its workforce here will be in the...

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Business news • Aug 03

Starbucks announces the return of Pumpkin Spice Latte (PSL) Aug. 25, new Chaider and more fall favorites

In addition to the iconic PSL, the fall lineup also includes new pumpkin spice beverages, returning pecan-flavored favorites, banana bread-inspired drinks...

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Business news • Aug 03

Michael Saylor's Strategy sells another 1,638 BTC for $105 million, reducing total holdings to 842,138 BTC

Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $53 billion.

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Business news • Aug 03

Law Firm Jackson Walker to Pay $15 Million to Settle Government Claims Over Ex-Judge’s Romance

Texas law firm Jackson Walker agreed to pay $15 million to settle a civil case from the Justice Department over an ex-partner's undisclosed romantic...

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Business news • Aug 03

SpaceX's post-IPO plunge sets tense backdrop for first earnings report

SpaceX's first earnings report as a public company lands with the stock down more than 50% from its post-IPO high last month, as of Friday's close.

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Business news • Aug 03

SpaceX is testing market gravity

Ahead of earnings and the expiration of lockups, Elon Musk's power to drive investor excitement is already fading.

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Business news • Aug 03

What would it take to get peptides on the shelf?

An FDA advisory panel recently voted to green-light some popular peptides. The decision brought enormous attention to the market for these products — and...

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Business news • Aug 03

Anthropic, OpenAI among firms facing new scrutiny under EU AI Act enforcement powers

The European Commission on Sunday gained new powers to investigate, impose fines and order changes at companies developing AI models, as part of the rollout...

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Business news • Aug 03

What smart people are saying about Trump Media charging for faster access to Truth Social posts

Trump Media is betting that people will dish out money for faster access to select users' Truth Social posts. Trump Media has officially launched Truth API,...

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Business news • Aug 03

Let’s Talk About the Massive Parking Garage Trump Wants to Build at Dulles

The 32000-spot deck would surpass both existing parking capacity and what airport officials have said is needed.

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Business news • Aug 03

AI is starting to rewrite the software that made Nvidia untouchable

Nvidia has long dominated because of its CUDA software. Now, AI-driven software is challenging this moat as startups and giants innovate.

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Business news • Aug 03

Here’s why AI agents lie and cheat to reach their goals

MIT Technology Review Explains: Let our writers untangle the complex, messy world of technology to help you understand what's coming next.

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Business news • Aug 03

EXCLUSIVE: CXMT plans second chip plant in Beijing and is in talks on its funding, sources say

CXMT , China's largest chipmaker by market value, is considering building a second memory-chip plant in Beijing ​and is in financing talks with a tech...

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Business news • Aug 03

Mega Millions: Good Day LA kids say what they would do if they won a billion dollars

Three Powerball tickets, each worth about $800000, were sold in California over the weekend.

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