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Hughes Network Systems, a major satellite internet provider, is preparing to file for Chapter 11 bankruptcy protection as a $1.5 billion debt payment comes due on August 1, according to a Wall Street Journal report. The …
Apple shares fell nearly 10 percent on Friday, July 31, 2026, following a disappointing financial forecast that revealed the company is struggling to secure necessary hardware components amid an artificial intelligence-d…
Payments giant Visa announced plans to eliminate approximately 2,600 positions, accounting for roughly 7% of its global workforce. The job reductions will primarily target the company's technology and product teams. Chie…
WASHINGTON — ExxonMobil and Chevron reported a combined $26.5 billion in quarterly profits as elevated fuel prices strain U.S. consumers while boosting returns for the oil majors. ExxonMobil disclosed $14.5 billion in ea…
Amazon.com, Inc. reported second-quarter financial results for 2026, surpassing Wall Street expectations across key metrics. The Seattle-based e-commerce and cloud computing giant announced total net sales of $200.6 bill…
Microsoft Corp. made stock market history on Thursday, adding nearly half a trillion dollars to its market value in a single day — the largest one-day gain for any company in Wall Street history. Shares of the Redmond, W…
Situational Awareness LP, an AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has liquidated its entire public equities portfolio in a roughly $20 billion to $24 billion block trade to Ken…
Add Yahoo as a preferred source to see more of our stories on Google. Tom Holland "hated" an early cut of Spider-Man: Brand New Day. The 30-year-old actor has reprised the role of Spider-Man for the new movie, and Tom ha…
The U.S. economy grew at an annualized rate of 1.5 percent in the second quarter of 2026, according to Commerce Department and Bureau of Economic Analysis data released in Washington on July 30, 2026. That marks a slowdo…
U.S. borrowing costs surged to their highest level since 2007 following the Federal Reserve's decision to leave interest rates unchanged. The 30-year Treasury yield rose by 0.14 percentage points to reach 5.23 percent. T…
U.S. stocks closed sharply lower after the Federal Reserve left its benchmark interest rate unchanged in a 3.50% to 3.75% range, following a 9-3 Federal Open Market Committee vote that included three dissents favoring a …
A QatarEnergy-controlled liquefied natural gas tanker successfully sailed out of the Strait of Hormuz overnight, marking the first time a vessel of its kind has visibly exited the critical waterway in nearly three weeks.…
The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged at 3.5% to 3.75% for a fifth consecutive meeting, despite rising internal divisions. The Federal Open Market Committee voted 9-3, with Clev…
The Nasdaq 100 fell into a technical correction, dropping 11% from its record peak following a sharp selloff in semiconductor and artificial intelligence-related stocks. The downturn coincided with the U.S. Federal Reser…
The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged in a 3.50% to 3.75% range, underscoring a split among policymakers over how aggressively to tackle persistent inflation. Three of the 12 me…
U.S. stocks fell sharply as the Dow Jones Industrial Average slid more than 400 points ahead of the Federal Reserve’s latest interest rate decision in New York. Economists largely expect the Fed, led by Chair Kevin Warsh…
United States – Saudi Prince Alwaleed bin Talal Al Saud has acquired a 5 percent stake in electric vehicle maker Lucid Group worth about $129.5 million, according to a regulatory filing released on Tuesday. The investmen…
Former members of the Hollywood Foreign Press Association have filed a lawsuit in Los Angeles against Penske Media Corporation and related entities, alleging fraud in Penske’s 2023 acquisition and reorganization of the G…
Qualcomm Incorporated and Lam Research Corporation are set to report closely watched quarterly results as investors scrutinize the outlook for key semiconductor markets. Lam Research heads into its fiscal fourth quarter …
The United States Senate has unveiled a revised, 616-page version of the Digital Market Clarity Act, a bill intended to create a comprehensive federal regulatory framework for cryptocurrencies. The proposal amends the Fe…
Shein has disclosed that its U.S. operations are under investigation by the U.S. Federal Trade Commission, warning that the probe could result in significant monetary payments and materially affect its financial conditio…
Zurich, Switzerland – FIFA has announced plans to create a new commercial subsidiary, FIFA Forward Enterprise (FFE), valued at around $20 billion that would consolidate the governing body’s commercial and event operation…
BENGALURU, India – Apple’s market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making the iPhone maker only the second company ever to reach that milestone after Nvidia. The stock hit an in…
AMSTERDAM, Netherlands – China’s move to develop a homegrown immersion deep ultraviolet (DUV) lithography machine is increasing pressure on Dutch chip equipment maker ASML, which has recently become Europe’s most valuabl…
In the United States, the blockbuster initial public offering of SpaceX, now valued in the multi‑trillion‑dollar range, has triggered new scrutiny of how lawmakers invest in technology companies they oversee. Financial d…