Nebius shares rose on Tuesday after Nvidia disclosed a 9.3% equity stake in the Amsterdam-based neocloud provider, which is listed on Nasdaq. The company, a major European supplier of AI compute infrastructure, has benefited from surging demand for artificial intelligence services, with its stock up nearly 250% over the past...
Washington, United States – The U.S. Bureau of Economic Analysis (BEA) will implement a major overhaul of the Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred gauge of inflation, with changes scheduled to take effect on September 30, 2026. The new methodology will be applied retroactively to data...
Advanced Micro Devices and Microsoft announced an expanded strategic partnership to deploy AMD’s next-generation Helios rack-scale AI systems across Microsoft Azure, positioning AMD as a more direct competitor to Nvidia in data center AI. The Helios platform integrates Instinct MI455X GPUs, 6th Gen AMD EPYC “Venice” processors, Pensando networking, and...
SAN FRANCISCO — A federal judge on Monday ordered Paramount and Warner Bros. Discovery to halt their proposed $81 billion merger for at least two weeks, granting a temporary restraining order requested by 12 states led by California. The states sued last week to block Paramount’s planned buyout of Warner,...
United States average gasoline prices climbed back above $4 per gallon on Monday, reaching $4.003, according to AAA data, as the Iran war intensified and renewed concerns about a global oil shortage. Prices at the pump jumped 13 cents, or about 3%, over the past week, returning to levels last...
United States – The Coca-Cola Company has temporarily halted all U.S. production at its dairy subsidiary Fairlife LLC after a ransomware attack compromised critical IT and production-related systems, forcing the shutdown of manufacturing operations nationwide. The company disclosed the incident in a Form 8-K filing with the U.S. Securities and...
New Jersey is bracing for more than 1,000 corporate job losses after Samsung Electronics America and Mars Wrigley announced plans to move their U.S. headquarters out of the state, dealing a significant setback to the local white-collar employment base. On Monday, July 20, 2026, Samsung said it will cut 739...
On July 20, 2026, Bristol Myers Squibb (BMS), a global biopharmaceutical company based in the United States, announced an expanded partnership with NVIDIA to significantly scale its artificial intelligence capabilities for drug discovery. BMS will deploy an NVIDIA DGX SuperPOD powered by next-generation DGX Vera Rubin NVL72 systems, described as...
Kuwait’s state-owned Kuwait Petroleum Corporation reported on Sunday, July 19, 2026, that one of its key oil facilities suffered significant material damage and multiple worker injuries after being hit in a series of Iranian missile and drone attacks. The facility was promptly evacuated, and emergency teams provided on-site medical assistance,...
Cleveland Federal Reserve President Beth Hammack warned that U.S. inflation remains “too high” and suggested she could support future interest rate increases, according to a social media post released this week. Hammack, a voting member of the Federal Open Market Committee, said discussions with business and community leaders point to...
