Tag: Breaking News: Business
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Prolific tech analyst Dan Ives is exiting Wedbush for a new venture
Ives said the new firm will seek to build what he described as a “modern merchant bank.”
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GM reports 4.2% decline in Q2 U.S. sales as EV demand falls
General Motors’ second-quarter U.S. sales fell 4.2% as year-over-year demand for its all-electric vehicles and Chevrolet Silverado pickup trucks declined.
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Meta pops 8% as company makes cloud push to sell excess AI compute power capacity
The new business is a welcome signal for some investors who have been uneasy about the company’s infrastructure spending plans.
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PlayStation will end physical disc production for new games in 2028
PlayStation will end physical disc production for new games in 2028, the company announced Wednesday morning.
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U.S. auto industry faces more uncertainty without extension of USMCA trade deal
A major issue for automakers is the deal’s rules of origin, which determine where a product comes from and which goods are eligible for preferential treatment.
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Kroger to buy grocer Giant Eagle in $1.65 billion deal as competition heats up
Kroger said on Wednesday it would buy supermarket chain Giant Eagle in a $1.65 billion deal, as it looks to scale amid intense competition.
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Demand for riskier mortgages drops, as their advantages shrink
The spread between the 30-year fixed rate mortgage and adjustable rate loans is narrowing, causing demand for ARMs to weaken.
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Lamborghini reveals new Urus performance hybrid SUV after ditching EVs
Lamborghini is calling the new Urus SE Performante the “fastest Super SUV in the world.”
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Anthropic says Trump admin has lifted export controls on Claude Fable 5 and Mythos 5
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenu Anthropic said the U.S. Department of Commerce has lifted the export controls on its Claude Fable 5 and Mythos 5 models. The
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After a soft Nike quarter, we have a big decision to make on the stock
The results are unlikely to improve Nike’s standing in the portfolio
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