Business news

Business news • Jul 30

U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%

Gross domestic product rose at just a 1.5% rate in the first quarter, but underlying economic drivers looked solid outside of a drop in inventories and...

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Business news • Jul 30

Kevin Warsh’s stripped-back Fed communication ‘already backfiring’, say investors

Federal Reserve chair Kevin Warsh's stripped-back approach to communication is “already backfiring” and risks eroding the central bank's influence over the...

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Business news • Jul 30

IBM Claims New Era of ‘Quantum Advantage’

Big Blue is racing to show that its quantum computing business can be profitable following a historic stock tumble.

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Business news • Jul 30

Meta sinks 8%, continuing record losing streak, while Microsoft jumps 15% as AI trade splits

Microsoft posted strong Azure and Copilot growth, while Meta missed revenue guidance forecasts as free cash flow plunged leading to diverging stock moves.

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Business news • Jul 30

Microsoft Earnings: Azure Accelerates While Capital Expenditure Guidance Is Steady

We keep our fair value estimate for wide-moat Microsoft, while raising our growth forecast.

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Business news • Jul 30

Sanofi’s new CEO ‘looking deeply’ at late-stage pipeline as clinical clearout continues

When Belén Garijo, M.D., Ph.D., left the top job at Germany's Merck KGaA to head over to Sanofi, she was inheriting a company in need of course correction.

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Business news • Jul 29

The Hugging Face break-in explained

Hugging Face on Monday published a technical timeline that walks readers through how an autonomous AI agent, built on OpenAI models and running inside one...

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Business news • Jul 29

US Democratic lawmakers press SEC to probe Trump Media's fast feed

Trump Media has discussed charging as much as $100000 a month for the Truth API ‌product.

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Business news • Jul 28

Elon Musk stocks take $1.5 trillion hit with fresh test in SpaceX lockup ahead

It's been a rough month for Elon Musk, if there is such a thing for the world's richest man.

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Business news • Jul 28

Texas will ban Delta-8 on July 31. Austin police say possession will be a felony

Texas is banning Delta-8 THC and a broad class of similar cannabis compounds starting July 31, removing products that have been sold in smoke shops and gas...

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Business news • Jul 28

Asian chip stocks slide as China competition fears rattle AI trade By Reuters

By Heekyong Yang. SEOUL, July 28 (Reuters) - Asian semiconductor stocks tumbled on Tuesday, with South Korea leading the regional selloff, as investors...

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Business news • Jul 28

Johnson & Johnson offers $5.5bn to settle talc cancer lawsuits

Johnson & Johnson (J&J) has agreed to pay $5.5bn to settle tens of thousands of lawsuits in the United States that allege its discontinued talc-based baby...

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Business news • Jul 28

Chip Rout Deepens on Circular Funding, China Competition Fears

A global selloff in semiconductor stocks deepened on Tuesday, as fresh signs of China's progress in advanced chipmaking and mounting concerns over the...

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Business news • Jul 28

NYC-run grocery stores will sell meat, other basics at 30% off, Mamdani says

The mayor, who made affordability a key component of his campaign, said the stores would save the average shopper about $1000 annually.

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Business news • Jul 28

Dow Jones Futures: U.S.-Iran Peace Hopes Send Oil Prices Plunging; Nvidia, Micron, Sandisk, SpaceX, Tesla Sell Off

Futures for the Dow Jones Industrial Average and the other major stock indexes traded slightly lower ahead of Tuesday's open. On Monday, the Dow Jones...

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Business news • Jul 28

U.S. and Korean tech stocks are now tightly linked — and that could be a worry for investors

The 60-day correlation between the Kospi and Nasdaq 100 recently climbed to about 0.50, its highest level since 2021, according to data provided by...

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Business news • Jul 28

Chinese A.I. Start-Up Shows the World What It Has Built

The Chinese start-up Moonshot publicly released the details of its latest artificial intelligence model on Monday, showing the world how it was built.

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Business news • Jul 28

Anthropic CEO Dario Amodei says he does not support open-weight AI ban

Anthropic CEO Dario Amodei said Monday that he has "never advocated" for a ban on open-weight AI models, rejecting accusations that his lab is seeking to...

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Business news • Jul 28

SK Hynix shares plunge 13% in Seoul as chip sell-off deepens

South Korean semiconductor shares tumbled on Tuesday, extending a rout in chipmakers after another weak session on Wall Street.

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Business news • Jul 28

Samsung, SK Hynix slide amid Nvidia financing worries, China competition

By Heekyong Yang. SEOUL, July 28 (Reuters) - South Korean chip stocks slumped on Tuesday, with Samsung Electronics and SK Hynix falling as much as ‌9.5% and...

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