Tag: Breaking News: Business
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Best Buy tops quarterly estimates, raises outlook as computing shows strength
Best Buy raised its full fiscal-year outlook on Thursday after reporting a stronger-than-expected first-half performance.
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Salesforce, Anthropic expand partnership as Benioff responds to ‘SaaSpocalypse’ concerns
“We’re delivering a dynamic interface that thinks, reasons, and acts,” Salesforce CEO Marc Benioff said in a statement.
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The post-penny economy: How cash rounding and credit card surcharges are changing what you pay
More merchants are rounding change for cash purchases to the nearest nickel due to the end of penny production, or adding surcharges to credit card transactions.
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Lost in limbo: Where the Paramount merger delay leaves WBD, and what may come next
Paramount Skydance’s acquisition of Warner Bros. Discovery is stalled due to an antitrust lawsuit, leaving WBD in limbo during a pivotal moment for media.
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Meta settles social media addiction case with California, other states for $16.7 billion
Meta and state attorneys general settled a federal trial centering on allegations that company misrepresented the extent of child-related mental health harms.
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Hyundai has grown more than any automaker in the U.S. — and it’s not done yet
The South Korean automaker wants to keep going by ramping up production at a new $7.6 billion plant in Georgia to capture more sales and market share.
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Mortgage rates hit highest level in 3 weeks, weakening demand further
Mortgage rates rose again last week causing demand for both refinances and purchase loans to drop. Rates climbed to their highest level in three weeks.
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Dick’s Sporting Goods just had its worst day ever. Here’s Jim Cramer’s advice on the stock now
CNBC’s Jim Cramer said investors shouldn’t give up on Dick’s after its record 30% plunge.
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OpenAI data center chief Chris Malone is out, the latest in a string of executive exits
An OpenAI spokesperson said the company “recently reorganized our infrastructure organization to support the scale and pace of our work.”
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Investor competition for commercial real estate sees strongest growth in a year
Even though macro uncertainty and volatility continue to show up in the broader economy, bidding keeps rising, according to JLL.
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