Tag: business news
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Oil in U.S. Strategic Petroleum Reserve falls below 300 million barrels, lowest since 1983
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuIn an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on October 19, 2022 in
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HHS moves to tighten oversight of food ingredients as safety concerns mount
HHS moves to tighten oversight of food ingredients and define ultra-processed foods as food safety concerns raise questions about FDA visibility.
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SpaceX stock rebounds to near $135 IPO price
SpaceX reported better-than-expected revenue in its second-quarter earnings report last week.
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Earthquake on Colombia’s Pacific coast causes injuries and damage
A morning earthquake shook Colombian capital Bogota on Monday, with the tremor being felt as far away as the border with Venezuela, witnesses told Reuters.
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Berkshire Hathaway trades higher on strong earnings, big buyback. But Michael Burry isn’t buying
Burry, the investor best known for his wager against the housing market before the financial crisis, sees reason for concern in Berkshire’s new era.
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Intel plans $15 billion stock offering as AI demand accelerates
Technology giants have shelled out trillions to support insatiable AI demand and the infrastructure buildout.
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Meta to open source its most powerful AI model as it takes swipe at OpenAI, Anthropic
Meta launched Muse Glimmer and plans to release Muse Spark 1.2 weights as Zuckerberg pushes for U.S. leadership in open AI.
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This company is set to gain ground on sky-high computer hardware demand, Morgan Stanley says
Hewlett Packard Enterprise has even more room to run as demand for hardware remains strong due to the AI boom, per Morgan Stanley.
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Boeing sells eVTOL subsidiaries, takes stake in Archer
Boeing is selling three of its subsidiaries to Archer Aviation in exchange for an undisclosed stake in the eVTOL startup.
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Jefferies downgrades Apple, says supply chain checks indicate a planned all-glass iPhone is canceled
Apple may have killed one of its bids to bring higher-priced iPhones into its lineup, leading Jefferies to downgrade the stock to underperform.
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