business
(AP) – The Strait of Hormuz — a narrow, ancient waterway is once again at the center of a very real global showdown. And Iran’s leaders believe their own victory won’t take millennia. In fact, they think it’s close at hand.
Tehran is betting that sustained military pressure will eventually force the...
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Meta says its AI model hacked another company, adding to worries about bots going rogue
Meta said Thursday that one of its artificial intelligence models accessed the internet on its own and hacked another company, the latest in a series of disclosures about AI models going rogue.
In recent weeks OpenAI and Anthropic also have described instances of AI models...
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SpaceX, Tesla to initially spend $16.8 billion on Terafab chip plant in Texas
Aug 6 (Reuters) – Elon Musk’s SpaceX <SPCX.O> and Tesla <TSLA.O> will initially invest $16.8 billion to build Terafab, an advanced AI semiconductor complex in Grimes County, Texas, as the companies race to secure the chip capacity that the billionaire has...
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business Headlines
More workers join strike at BHP’s Port Hedland iron ore operations- China July factory-gate inflation eases to 3-month low, CPI slows
- Former SK Hynix employee jailed for leaking information to a Chinese firm, Yonhap reports
- Whitney Houston’s new No. 1s album, first-ever Barbie, Clive Davis and more: A Q&A with Pat Houston
- Two drivers of Mercedes AMG cars file class action lawsuit over an alleged burn hazard in its logo
- Wildfires force 20,000 to flee as British Columbia declares state of emergency
- Berkshire Hathaway’s new CEO Greg Abel spends a chunk of the company’s massive cashpile
- A pillar of environmental enforcement is targeted by Trump and Musk’s AI company
- Berkshire accelerates buybacks, lowers cash stake as profit tops forecasts
- Apple says Mac users in China can connect to Alibaba’s Qwen AI service
- Berkshire says operating profit rises, conducts stock buybacks
- Wall Street week ahead: inflation, retail sales updates
- India warned Diageo that its whisky’s ‘matured in American oak casks’ claim was misleading
- Africa wants more homegrown solar to boost self-reliance, but China’s shadow remains
- A New Mexico judge ordered new child safeguards for Meta. Advocates hope other courts follow
- Delaware judge orders Verisk to proceed with $2.35 billion AccuLynx deal
- SEC drops insider trading suit against ex-healthcare executive pardoned by Trump
- US to partially restart activities in Mexico’s avocado hub
- US Postal Service reports $2.5 billion quarterly loss
- New Jersey’s $2.5 billion ‘forever chemicals’ settlements with DuPont, 3M, others win court approval
- Plaintiff Trump gets reprieve from an order to disclose his finances in BBC case — but only for now
- Trump administration moves ahead with efforts to fire Federal Reserve governor Lisa Cook
- Australia unions push on with strike at BHP’s Port Hedland iron ore operations
- Canada discussing trade concessions with US to avoid new tariffs, says source
- Army opens test ranges to small companies to try to get weapons quicker to the battlefield
- FAA orders crack inspections for hundreds of Boeing 737 Max jets
- Early surge in US container imports coming to an end, shippers say
- Citi revises Q3 2026 Brent forecast to $80/bbl
- Morgan Stanley hires BofA’s Kweskin to cover diversified industries
- NY Fed finds little change in inflation expectations in July
- US employers unexpectedly cut 23,000 jobs, unemployment dips to 4.1%
- S&P, Nasdaq open higher as surprise payrolls fall quells rate-hike fears
- Soft July jobs report fuels skepticism over possible Fed rate hike
- Volkswagen to overhaul US strategy with planned pick-up truck, source says
- US futures extend gains after July nonfarm payrolls data
- US suffers unexpected job losses in July, markets dial back rate hike expectations
- Market cuts odds of Fed hike after jobs data, but economists still see case for tightening
- Japan’s yen surges after US jobs data, traders wary of intervention risk
- Under Armour forecasts steeper annual sales decline on weak North America demand
- Meat packer JBS agrees joint venture with Indonesian wealth fund arm
- Why celebrities from Zendaya to Kylie Jenner are wearing Fecal Matter
- Morning Bid: Dealjà vu
- Dream Finders to buy Beazer Homes in $2.2-billion deal
- Trump administration to invest $3 billion in minerals projects to boost US defense supply chains
- Inflation data to test record-setting US stocks, Fed rate views
- S&P closes at record high as soft jobs report eases rate-hike concerns
- Norway’s sovereign fund opposes US plan to scrap company climate reporting
- Analysis-Korean ‘ants’ swarm back to Wall Street as KOSPI rout dents homecoming drive
- Airbus reports stable July deliveries, confirms China orders
- Markets aren’t going on a summer holiday
