The United States announced it will immediately begin a formal Section 301 trade investigation into the European Union after the European Commission imposed a major antitrust fine on Alphabet Inc. and its subsidiary Google. On Thursday, regulators in Brussels concluded a lengthy competition probe, ruling that Google abused its market...
United States-based SLB, formerly known as Schlumberger, reported second-quarter adjusted earnings of 55 cents a share on revenue of $8.97 billion, beating Wall Street forecasts and lifting its stock about 10% for its strongest one-day gain in six months. Chief Executive Olivier Le Peuch said that increased offshore activity in...
New York, United States – Major global auction houses are reporting one of their strongest starts to a year, as surging wealth tied to technology, artificial intelligence and buoyant stock markets drives record prices for art, watches and even dinosaur fossils. In the first half, Sotheby’s posted its best performance...
Etched, a San Jose, California-based artificial intelligence chip startup, has raised $300 million in a Series C round led by Sequoia Capital, valuing the company at $10.3 billion. The raise, completed roughly seven months after its previous round, doubles Etched’s valuation and marks the largest Series C ever led by...
United States-based Intel reported a sharp acceleration in growth in its latest quarter, posting second-quarter revenue of $16.13 billion, about 25% higher than a year earlier and well above Wall Street’s $14.3 billion consensus estimate, marking its fastest top-line expansion in more than 15 years. The company said surging demand...
Washington officials have accused Beijing-based Moonshot AI of large-scale intellectual property theft from U.S. artificial intelligence developer Anthropic, according to a formal announcement by senior White House technology staff. Michael Kratsios, Director of the White House Office of Science and Technology Policy, said federal authorities have specific information that Moonshot...
NEW YORK — U.S. large-cap technology stocks recorded their steepest one-day selloff since April 2025 as investors reassessed the payoff from heavy artificial intelligence spending and rapidly exited high-valuation growth names. On Friday, July 24, 2026, the group of mega-cap companies known as the Magnificent 7 collectively lost about $797...
The U.S. labor market has recorded weekly initial jobless claims of 187,000, the lowest level in 57 years, according to newly released government data. The figure indicates that employers are retaining workers despite ongoing economic uncertainty, reinforcing evidence of a tight labor market. Economists note that such historically low claims...
WASHINGTON, United States — The U.S. government is preparing a new set of targeted trade tariffs as a temporary 10% global import levy expires on Friday, July 24, 2026. The expiring duty was introduced earlier in the year after a February Supreme Court ruling struck down a prior wave of...
United States markets reeled on Thursday after Brent crude oil briefly traded above $100 a barrel, its highest level in two months, following a fresh escalation of conflict in the Middle East. The price of Brent, the international benchmark, jumped 6.1% to $99.78, while U.S. West Texas Intermediate futures rose...
