Business

940 articles published

CoreWeave Revenue Doubles as AI Infrastructure Demand Accelerates

The company reported $2.58 billion in second-quarter revenue and raised its full-year outlook to as much as $13.2 billion.

Aug 11, 2026

JPMorgan CEO Jamie Dimon Warns AI Spending Could Keep Inflation Elevated

Dimon told CNBC that heavy capital demand from AI investment may prevent the Federal Reserve from cutting interest rates.

Aug 11, 2026

Celsius Holdings Removes President and COO in Leadership Overhaul

The Florida energy drink company also promoted its North American sales head to chief commercial officer as part of a broader realignment.

Aug 11, 2026

U.S. and Iran Trade Reparation Demands as Hormuz Deal Remains Uncertain

Oil prices jumped 2.5% Tuesday after Pakistan's defense minister said a deal over the Strait of Hormuz may be close.

Aug 11, 2026

Archer Aviation Buys Three Boeing Units in Push to Expand Air Travel

The deal sent Archer's stock higher as the company moves to use artificial intelligence to reshape commercial aviation.

Aug 10, 2026

Hollywood Stars Return to China as Box Office Shows Signs of Recovery

Spider-Man and The Odyssey are both gaining traction in Chinese theaters, even as the country's overall box office dropped 40% in the first half of the year.

Aug 10, 2026

Trump Media Posts 238 Million Dollar Loss as Crypto Assets Collapse

The company's quarterly revenue came in at just $1.7 million, almost entirely from ads on Truth Social.

Aug 10, 2026

U.S. Employers Announced 33,429 Job Cuts in July, Challenger Report Shows

A JPMorgan fixed income portfolio manager said the data points to ongoing challenges in the labor market with implications for bond investors.

Aug 10, 2026

First Brands Asks Bankruptcy Judge to Approve Restructuring Plan or Face Chaotic Liquidation

The automotive parts company, which shut 17 plants and cut 4,000 jobs this year, wants a court-approved litigation trust to pursue $1 billion from executives accused of looting the firm.

Aug 10, 2026

Intel Plans to Raise $15 Billion in Stock Sale After 400% Share Surge

The chipmaker says it sees growth opportunities in physical AI, custom chips, and advanced packaging.

Aug 10, 2026

Trump Signals Economic Pressure on Iran as Hormuz Standoff Drags Into Sixth Month

Iran has set sweeping conditions for reopening the strait, including U.S. reparation payments and withdrawal of American troops from the region.

Aug 10, 2026

Meta Opens Its Most Powerful AI Model to the Public in Challenge to OpenAI

CEO Mark Zuckerberg announced the move in an Instagram video Monday, releasing model weights for Muse Spark 1.2 and a new laptop-focused model family called Muse Glimmer.

Aug 10, 2026