Business News

• Nvidia discloses $21B stake in SpaceX and $30B stake in Intel
• PayPal in talks to sell to Stripe and Advent as new CEO attempts turnaround
• New Mexico gas pipeline for Oracle data center delayed to 2027
• US retail sales unexpectedly drop in July
• US retail sales post biggest drop in over a year as consumer confidence slides
• Drone stocks rise on Trump tariff plan; Applied Materials falls
• Kushner's Thrive Capital invests $215 million in Amazon
• AI boom reshapes commodity markets as power demand and geopolitical risks reshape trade
• Investors push back on high-grade bond prices after corporate debt deluge
• UK starts process to water down EV mandate in boon for carmakers
• Deutsche Bank analyst says AI is driving broader market growth, not just AI stocks
• Pokémon Pokopia tops 5 million Switch 2 sales, lifting Nintendo stock
• Partners Group becomes worst-performing European financial stock amid evergreen fund redemption concerns
• FTC strikes deals to ignore unlawful credit discrimination against auto dealers
• Trump imposes up to 100% tariffs on imported drones, driving up consumer prices
• AI drove growth at Indeed after investors feared the worst for the jobs-search site
• RedotPay said to put $1 billion US IPO plan on hold
• Data center gas power plants use less efficient turbines than standard gas plants, Wired reports
• Hong Kong lifts economic forecast as AI boom turbocharges growth
• Kioxia buyback propels Japanese corporate stock buying to record high
• Thrive Capital's first investor letter shows how completely OpenAI has come to define it
• Washington state judge orders Kalshi to shut down sports and election markets by Sept. 2
• Trustar Capital nears $1.5B deal for Alibaba's video game business
• Energy traders use drones to improve weather forecasts for trading profits
• Chinese tech hardware stocks rally as earnings renew focus over internet platforms
• Japanese power futures trading volumes rise as utilities hedge fuel-price risk
• Netflix closes Night School Studio and another game studio as it shifts to party games and streaming
• Reddit joins S&P 500 despite stock being down 31% this year
• Stocks rise toward records for third straight winning week as easing inflation and AI rally boost markets
• Applied Materials posts record Q3 revenue, raises chip equipment outlook on AI demand