Foxconn Sees AI Revenue Overtake Electronics for First Time
The third quarter revenue at Foxconn will experience a significant increase because AI server demand exceeds consumer electronics sales for...
Business
New York Sues Zelle Over $1 Billion Fraud Losses
New York Attorney General Letitia James filed a lawsuit against Zelle because the payment platform's security weaknesses enabled criminals to...
Firefly Falls After IPO Surge as Volatility Hits Debut
The stock price of Firefly Aerospace decreased by 11% on Friday following a 34% increase in their Nasdaq market debut...
Lyten Buys Northvolt Assets in European Battery Revival
The Silicon Valley battery startup Lyten acquired most Northvolt assets after the Swedish battery manufacturer filed bankruptcy to pursue European...
BP to Review Portfolio After Beating Profit Forecasts
BP will perform a comprehensive review of its oil and gas assets to boost shareholder returns after second-quarter profit exceeded...
Harley-Davidson Picks Topgolf CEO to Lead Turnaround
Harley-Davidson selected Topgolf CEO Arthur Starrs to become their new CEO who will lead the company through a period of...
Google to Curb AI Data Center Power Use
Google has entered agreements with two U.S. utilities to decrease its AI data center power usage during peak demand hours...
Novo Nordisk Tumbles as Wegovy Gains Nearly Wiped Out
The stock price of Novo Nordisk dropped by 6% on Friday as the market reaction to its weight loss drug...
End of U.S. Parcel Tax Break Threatens Etsy, eBay Sellers
Online retailers anticipate increased expenses because President Donald Trump declared an end to duty-free treatment for parcels valued under $800...
Exxon, Chevron Set to Report Weakest Profits Since 2021
The pandemic marks the lowest earnings period for Exxon Mobil and Chevron as they release their quarterly results on Friday because declining oil and gas prices reduce...
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