Business

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Intel Stock Soars After Apple Chip Deal Announcement

Intel's stock rose significantly on Thursday after President Donald Trump announced that the semiconductor company had agreed to a deal with Apple to design and manufacture chips in the United States. According to multiple reports, Intel shares jumped by more than 9% in premarket trading following t

Jun 18, 12:07 PM ET Est. Read: 2 Mins

4 articles from 4 publishers

BusinessCorporate

Qantas Delays Sydney-London Flights to October 2027

Qantas has once again delayed its planned non-stop service between Sydney and London. According to The Guardian , the airline now expects these flights to commence in October 2027. This delay is attributed to regulatory approvals and aircraft certification issues, as well as delays in the delivery o

Jun 17, 11:33 PM ET Est. Read: 3 Mins

4 articles from 3 publishers

BusinessCorporate

Apple to Raise Prices Due to Memory Chip Shortage

Apple plans to raise prices on its products due to a global shortage of memory and storage chips driven by surging demand for artificial intelligence (AI) data centers. CEO Tim Cook told the Wall Street Journal that these price increases are unavoidable, though he did not specify which devices would

Jun 17, 9:36 PM ET Est. Read: 2 Mins

4 articles from 4 publishers

More Business Summaries

Media

BBC Announces 550 Job Cuts in Cost-Saving Drive

The BBC will cut 550 jobs , including positions in its news and content divisions, as part of a broader cost-saving plan announced on Wednesday. According to TimesLIVE and Reuters , the move is aimed at saving £ 500 million over the next three years under new director-general Matt Brittin. The cuts

Jun 17, 12:50 PM ET·2 min read

4 articles from 3 publishers

Automotive

BMW Shares Plunge After Profit Warning

BMW's shares fell by more than 7% , reaching their lowest level since November 2020, after the German automaker issued a profit warning on Tuesday. The company blamed ongoing weakness in China and the impact of the Iran war on prices and customer sentiment. The premium carmaker lowered its operating

Jun 17, 8:50 AM ET·3 min read

8 articles from 4 publishers

Defense

GM Lockheed Partner to Boost Defense Production

General Motors (GM) has announced a new partnership with defense contractor Lockheed Martin to strengthen America's manufacturing and defense industrial base, according to multiple reports. The collaboration, facilitated by the U.S. Department of Defense, aims to improve production readiness, streng

Jun 16, 6:58 PM ET·2 min read

4 articles from 4 publishers

Corporate

Yum Brands Sells Pizza Hut for $2.7 Billion

Yum Brands announced on Tuesday that it will sell its struggling pizza chain, Pizza Hut , for a total of $2.7 billion. According to multiple reports, private equity firm LongRange Capital will acquire Pizza Hut's operations outside mainland China for approximately $1.5 billion, while Yum China Holdi

Jun 16, 10:50 AM ET·2 min read

8 articles from 7 publishers

Markets

Global Markets Rally on US-Iran Deal Hopes

Global stock markets rallied on Monday following a tentative deal between the US and Iran to end their conflict, which has disrupted energy supplies through the Strait of Hormuz. According to multiple reports, the S&P 500 rose by 1.7%, bringing it close to its all-time high, while the tech-focused N

Jun 16, 3:22 AM ET·2 min read

4 articles from 4 publishers

Corporate

Starbucks Korea Shuts All Stores for History Training

Starbucks Korea will temporarily close all its stores at 3pm on June 22 for mandatory history lessons and social sensitivity training, following a public relations crisis triggered by a marketing campaign that evoked the Gwangju massacre. The closure affects more than 2,000 stores nationwide and is

Jun 15, 11:52 PM ET·1 min read

3 articles from 3 publishers

Media

Fox Acquires Roku in $22B Streaming Push

Fox Corp. has agreed to acquire Roku in a $22 billion cash-and-stock deal, combining its television assets with one of the nation's largest streaming platforms. The acquisition will bring together Fox's news and sports channels, as well as its free ad-supported streamer Tubi, with Roku's FAST servic

Jun 15, 10:00 AM ET·2 min read

8 articles from 7 publishers

Legal

Sam Bankman-Fried Loses Appeal in FTX Fraud Case

Sam Bankman-Fried, the former CEO of FTX, lost his bid to overturn his fraud conviction and 25-year prison sentence. A three-judge panel of the New York-based Second U.S. Circuit Court of Appeals unanimously rejected his appeal. The decision was handed down on Friday, with the judges stating that pr

Jun 12, 7:01 PM ET·1 min read

3 articles from 3 publishers

Technology

Oracle Shares Drop 12% on $40B AI Funding Plan

Oracle shares tumbled by up to 12% after the company announced plans to raise an additional $40 billion through debt and equity financing to support its artificial intelligence infrastructure buildout. The drop follows a year of substantial spending, with capital expenditures jumping 162% to $55.7 b

Jun 12, 7:01 PM ET·2 min read

5 articles from 3 publishers

Corporate

DOJ Approves Paramount's $110B Warner Bros. Acquisition

The U.S. Department of Justice has approved Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery , removing a major federal obstacle to the merger, according to multiple reports. The DOJ's Antitrust Division concluded that the deal is 'not likely to result in harm to competition o

Jun 12, 7:01 PM ET·3 min read

8 articles from 8 publishers

Technology

AI Stock Boom Amid Public Concerns

AI stocks have seen a significant boom this year, with the MSCI AI index climbing 115% since early 2022. This surge comes as major players like OpenAI and Anthropic move toward initial public offerings (IPOs), targeting valuations of up to $1 trillion for OpenAI. Despite investor enthusiasm, a Reute

Jun 12, 7:53 AM ET·1 min read

6 articles from 3 publishers

Corporate

Frasers Group Bids $2.3B for Hugo Boss

Frasers Group has launched a $2.3 billion takeover offer for German fashion brand Hugo Boss, causing the company's shares to jump by about 7%. The British retailer, controlled by Mike Ashley, already holds a 26% stake in Hugo Boss and is offering €38 per share in cash for the remaining shares, marki

Jun 11, 5:16 AM ET·2 min read

4 articles from 3 publishers

Pharmaceuticals

GSK Acquires Nuvalent for $10.6B to Expand Oncology

GSK has agreed to acquire U.S. biotech company Nuvalent for $10.6 billion, marking the British drugmaker's largest acquisition to date and a significant move to rebuild its oncology portfolio. The deal, codenamed Project Nashville, includes two late-stage lung cancer treatments that could be approve

Jun 11, 3:37 AM ET·2 min read

3 articles from 3 publishers

Consumer

UK CMA Investigates Ryanair's Family Seating Fees

Britain's Competition and Markets Authority (CMA) has launched an investigation into Ryanair , Europe's largest low-cost airline, over its policy of charging parents to sit with their children on flights. The watchdog will examine whether the £8-per-flight charge constitutes an unfair contract term

Jun 11, 3:37 AM ET·2 min read

3 articles from 3 publishers

Crypto

Trump Family Crypto Ventures Yield $2.3B Profit Amid Investor Losses

The Trump family has amassed approximately $2.3 billion in profit from four major crypto projects since President Donald Trump's re-election, according to a Reuters investigation. These ventures include World Liberty Financial, ALT5 Sigma (now AI Financial Corp.), American Bitcoin, and the $TRUMP me

Jun 10, 2:32 PM ET·2 min read

5 articles from 3 publishers

Corporate

BYD Aims to Top Global Auto Market in Five Years

Chinese car manufacturer BYD has set an ambitious goal to become the world’s largest automaker within five years, aiming to surpass Toyota through rapid advancements in battery technology and overseas production. According to The Guardian , BYD's founder Wang Chuanfu expressed confidence at the comp

Jun 10, 6:11 AM ET·2 min read

4 articles from 3 publishers

Economy

US Court Hears Tariff Refunds for Illegal Trump-Era Duties

U.S. Customs and Border Protection (CBP) officials are meeting with a federal trade judge to determine how to refund tens of billions of dollars in tariffs that were deemed illegal by the Supreme Court, according to multiple reports. The hearing before Judge Richard Eaton of the Court of Internati

Jun 9, 3:57 PM ET·1 min read

3 articles from 3 publishers

Corporate

Intesa Launches $35B Bid for Italy's MPS

Intesa Sanpaolo has launched a $35 billion bid for Banca Monte dei Paschi di Siena (MPS), Italy's oldest bank, sparking a bidding war. The Italian financial giant made an unsolicited €30.6 billion cash-and-share offer on June 8, following Banco BPM's proposal of a 'merger of equals' with MPS the day

Jun 9, 1:59 PM ET·2 min read

14 articles from 3 publishers

Markets

South Korea's KOSPI Plummets Over 4% Amid U.S.-Iran Tensions

South Korea's benchmark KOSPI index plummeted over 4% on Wednesday amid escalating U.S.-Iran tensions and a global tech sell-off that spread from Wall Street. The Korea Composite Stock Price Index (KOSPI) dropped 366.11 points, or 4.52%, to close at 7,730.82 after surging more than 8% the previous d

Jun 9, 7:50 AM ET·2 min read

10 articles from 3 publishers

Technology

OpenAI Files IPO as AI Giants Rush to Market

OpenAI has confidentially filed for a U.S. initial public offering (IPO), joining rival Anthropic as artificial intelligence companies rush to capitalize on investor interest in the booming sector. According to multiple reports, OpenAI did not disclose the size or terms of the offering and indicated

Jun 8, 6:24 PM ET·3 min read

129 articles from 17 publishers

Corporate

United CEO Rules Out Merger After American Rejection

United Airlines CEO Scott Kirby has ruled out further discussions about merging with American Airlines after his proposal was rejected earlier this year. Speaking at the International Air Transport Association's annual meeting in Rio de Janeiro, Kirby stated that while United remains open to acquiri

Jun 8, 9:00 AM ET·2 min read

3 articles from 3 publishers

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Business

Intel Stock Soars After Apple Chip Deal Announcement

Qantas Delays Sydney-London Flights to October 2027