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Ford to Shift Lincoln Production From China to US by 2030

Ford plans to relocate production of some Lincoln models from China to the US beginning in 2030, a decision driven by high tariffs on Chinese imports. The move aims to strengthen domestic manufacturing and create thousands of U.S. jobs. The primary factor behind this shift is the substantial 52.5% t

Aug 13, 3:51 AM ET Est. Read: 1 Mins

3 articles from 3 publishers

BusinessCorporate

Home Depot CEO Ted Decker Takes Medical Leave

Home Depot Chairman, President, and CEO Ted Decker has taken a temporary medical leave of absence, the Atlanta-based home improvement retailer announced on Wednesday. According to multiple sources, Decker is expected to return within the next few months. During his leave, Ann-Marie Campbell, Home De

Aug 12, 3:42 PM ET Est. Read: 1 Mins

4 articles from 4 publishers

BusinessEconomy

Credit Card Balances Rise by $21B in Q2

Credit card balances in the U.S. increased by $21 billion in the second quarter of 2026, reaching a total of $1.26 trillion , according to data from the Federal Reserve Bank of New York. The rise comes amid high interest rates and persistent inflation, placing many borrowers in financially precariou

Aug 12, 3:42 PM ET Est. Read: 1 Mins

3 articles from 3 publishers

More Business Summaries

Economy

U.S. Home Sales Drop as Prices Hit Record High

U.S. existing home sales dropped by 1.7% in July compared to June, reaching a seasonally adjusted annual rate of 4.06 million units , as reported by the National Association of Realtors (NAR). This decline was attributed to record-high home prices and elevated mortgage rates, which have proven to be

Aug 12, 1:54 PM ET·2 min read

3 articles from 3 publishers

Legal

NYC Council Probes Prediction Markets Over Marketing Claims

The New York City Council has opened an investigation into the marketing practices of major prediction market platforms, including Polymarket , according to a letter sent by Council Speaker Julie Menin . The probe targets allegations of deceptive and predatory marketing targeting young users. Other

Aug 12, 10:17 AM ET·2 min read

4 articles from 4 publishers

Corporate

Paramount CEO Threatens California Exit Over Merger Fight

Paramount Skydance CEO David Ellison is threatening to relocate the company's operations out of California due to ongoing legal challenges over its proposed $110 billion merger with Warner Bros. Discovery, according to reports from multiple outlets. The move comes as California Attorney General Rob

Aug 12, 6:49 AM ET·2 min read

6 articles from 3 publishers

Technology

Nvidia Secures $500B Financing for AI Infrastructure

Nvidia has struck a landmark $500 billion financing deal with six major Wall Street firms—Goldman Sachs, Apollo Global Management, BlackRock, Blackstone, Brookfield Asset Management, and KKR—to fund AI infrastructure projects. The agreement marks a significant milestone in Nvidia's strategy to suppo

Aug 12, 4:55 AM ET·3 min read

16 articles from 5 publishers

Corporate

Tencent Reports Revenue Growth but Profit Miss

Tencent Holdings reported an 11% rise in second-quarter revenue, driven by strong advertising sales and steady gaming income, but missed profit estimates according to Reuters . For the three months ended June, the Shenzhen-based company reported revenue of $204.8 billion yuan ($30.36 billion), align

Aug 12, 4:55 AM ET·1 min read

4 articles from 3 publishers

Corporate

Berkshire Spends $10bn on Google as Abel Deploys Cash

Berkshire Hathaway's new CEO Greg Abel has begun aggressively deploying the company's massive cash reserves, marking a significant shift in strategy under his leadership. According to multiple reports, Berkshire invested $10 billion in Alphabet, Google's parent company, and repurchased approximately

Aug 10, 5:45 PM ET·2 min read

4 articles from 3 publishers

Economy

US Halts Avocado Inspections in Michoacan Over Security Concerns

The United States has temporarily halted avocado export inspections in Mexico's Michoacan state following a security alert, potentially delaying shipments from the country's top producing region to its largest market. According to multiple reports, the suspension began on Wednesday and disrupts the

Aug 7, 11:48 AM ET·2 min read

3 articles from 3 publishers

Trade

US Suspends Avocado Imports from Mexico Amid Security Concerns

The U.S. Department of Agriculture has suspended avocado imports from the Mexican state of Michoacán following a security alert issued by the U.S. Embassy in Mexico. The suspension affects 85% of avocados sold in the United States and is expected to disrupt an $3.65 billion annual trade with Mexico,

Aug 6, 12:43 PM ET·2 min read

5 articles from 4 publishers

Media

Fox Reports $4.21B Revenue Boost From World Cup

Fox Corp reported a significant boost in its fourth-quarter revenue, reaching $4.21 billion , marking a 28% increase compared to the same period last year. The surge was largely attributed to advertising income from broadcasting the FIFA World Cup, according to multiple reports. The company's adve

Aug 6, 12:43 PM ET·1 min read

4 articles from 4 publishers

Corporate

EasyJet Agrees to £5.7bn Apollo Takeover

EasyJet has formally agreed to a £5.7 billion ($7.7 billion) takeover by US private equity firm Apollo Global Management , according to reports from multiple sources including The Guardian , Reuters , and CNBC . The airline accepted the offer after rival bidder Castlelake withdrew its pursuit withou

Aug 6, 12:43 PM ET·2 min read

4 articles from 4 publishers

Markets

US Stocks Dip Amid Oil Prices, Earnings Reports

US stocks edged lower on Thursday as rising oil prices and mixed corporate earnings reports put pressure on Wall Street. The S&P 500 index fell 13.59 points, or 0.2%, to 7,709.96, pulling further away from its record set earlier in the week but still on track for weekly gains. The Dow Jones Industri

Aug 4, 5:13 PM ET·2 min read

11 articles from 6 publishers

Corporate

McDonald's Names Skye Anderson as New U.S. President After Sales Miss

McDonald's has named Skye Anderson, a company veteran of 26 years, as the new president of McDonald's USA. This leadership change follows the company's failure to meet second-quarter U.S. sales growth expectations. The move comes after CEO Chris Kempczinski attributed the missed targets to execution

Aug 4, 3:22 PM ET·2 min read

3 articles from 3 publishers

Corporate

Ellison Defends Politics Amid WBD Merger Backlash

Paramount CEO David Ellison defended his political views in response to backlash against his company's $110 billion merger with Warner Bros. Discovery (WBD), which would give him control of CNN. In a New York Times op-ed, Ellison argued that the opposition stems from concerns about his potential inf

Aug 4, 11:38 AM ET·2 min read

5 articles from 4 publishers

Economy

US Manufacturing PMI Hits Four-Year High in July

US manufacturing activity surged to its highest level in more than four years in July, driven by strong order growth and boosting employment despite supply chain strains from the Middle East conflict. The Institute for Supply Management (ISM) reported that its manufacturing PMI increased to 55.6 las

Aug 3, 2:48 PM ET·2 min read

5 articles from 3 publishers

Technology

SpaceX Reports Strong Revenue Growth in First Earnings as Public Company

SpaceX reported its first earnings as a public company on Tuesday, revealing strong revenue growth but persistent financial challenges amid heavy investments in artificial intelligence. The company's quarterly revenue nearly doubled to $7.8 billion , up from $4.1 billion a year earlier, while operat

Aug 3, 2:48 PM ET·2 min read

13 articles from 5 publishers

Corporate

AstraZeneca in Talks with Bristol Myers Squibb for $400B Deal

AstraZeneca is in discussions to merge with Bristol Myers Squibb in a deal potentially worth nearly $400 billion , according to reports from the Financial Times and other outlets. The talks, which have been ongoing for several months, could create one of the largest pharmaceutical companies globally

Aug 3, 6:09 AM ET·2 min read

5 articles from 3 publishers

Transportation

WestJet Flight Attendants Strike

Flight attendants at WestJet, Canada's second-largest airline, went on strike Sunday in a dispute over pay, leading to the cancellation of hundreds of flights during one of the country's busiest travel weekends. According to UPI and CBS News , some 4,400 cabin crew members participated in the strike

Aug 2, 4:27 PM ET·2 min read

3 articles from 3 publishers

Economy

ExxonMobil and Chevron Report Record Q2 Profits Amid Iran Conflict

ExxonMobil and Chevron reported record second-quarter profits on Friday, driven by surging oil prices amid the Iran conflict. Exxon's profits doubled to $14.53 billion , while Chevron's nearly quadrupled to $12.07 billion . Shell also recorded its second-highest quarterly profits at $9.8 billion. Ac

Jul 31, 1:39 PM ET·3 min read

16 articles from 7 publishers

Markets

Aschenbrenner's AI Hedge Fund Loses $30B in July

Leopold Aschenbrenner's hedge fund Situational Awareness saw its portfolio value plummet by $30 billion (67%) in July, according to a letter sent to investors and seen by Reuters. The losses were driven by steep declines in AI stocks, prompting the fund to sell most of its stock holdings to Ken Grif

Jul 31, 11:53 AM ET·2 min read

4 articles from 3 publishers

Economy

Lettuce Prices & Cyclospora Outbreak Hurt Restaurant Sales

Lettuce prices surged sharply in the first half of 2026 due to Arizona's unusually hot weather, where about one-third of America's lettuce is grown. This price increase came alongside a cyclospora outbreak linked to shredded iceberg lettuce that has sickened thousands across multiple states. Taco Be

Jul 30, 6:11 PM ET·2 min read

3 articles from 3 publishers

Markets

South Korean Shares Plummet Amid Global Chipmaker Selloff

South Korean shares plummeted on Tuesday, with the benchmark KOSPI index dropping over 7% amid a global selloff in chipmakers. The decline was driven by concerns over intensifying competition from China and steep drops in SK Hynix's U.S.-listed shares. The KOSPI fell 500.47 points, or 7.41%, to 6,25

Jul 28, 10:51 PM ET·2 min read

7 articles from 4 publishers

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Business

Ford to Shift Lincoln Production From China to US by 2030