Business News

• KPMG chief economist Swonk says Fed independence and inflation key for Jackson Hole
• Uber fined €825 million over automated driver suspensions
• SpaceX hires natural gas trader to support growing fuel and power needs
• Tesla discontinues Solar Roof tiles; analysis explores what went wrong
• Bloomberg argues the US stock market's boom will likely bust before the end of 2027
• New York overtakes San Francisco as top tech talent market, driven by AI hiring, CBRE says
• YouTube Premium is getting another round of price hikes, hitting subscribers in multiple countries
• Best Buy sells $100 gift cards for $60 in 60th anniversary in-store sale
• Salesforce and ServiceNow fight AI fears with buybacks and bluster
• Broadcom seeks upwards of $80B in debt for AI chip financing deal benefiting Anthropic
• Japan earmarks another $944 million for Rapidus in AI chip race
• Stevenage braces for economic impact as GSK moves research to Cambridge
• Fujifilm expands chip material production to meet AI demand
• Danfoss expects data center cooling sales to double as AI boom drives demand for chip cooling equipment
• Johor attracts $1.2B in investment bids after Singapore visit
• CXMT and AI hardware firms drive China earnings season amid AI push
• US stocks close lower as bond yields rise on August 20, 2026
• Maisonette launches a new retail platform for tweens and teens
• Slack launches Slack Code, a collaborative coding environment for teams and AI agents
• Enhanced Games posts $60 million loss as tech's steroid extravaganza fails to pay off
• Bonds fall on doubts over Treasury's plan
• China says Trump's economic warfare won't solve Iran crisis
• Micron unveils $10 billion AI memory research lab in Boise
• Logitech sued for keeping US tariff refunds instead of returning them to customers
• Samsung approves record $80B shareholder return, stock falls
• SK hynix reaches tentative agreement on $1.79 billion profit-sharing pool; extends bereavement benefits and housing loans
• Sony's disc-less push gains support as US physical game sales hit record low of $85M in July
• Canada worries US trade talks could override its tech and AI rules
• G.Skill pays $2.4M settlement over misleading DDR4 and DDR5 speed marketing; buyers receive $20 to $25 each
• Walmart posts 5.9% revenue growth but warns on consumer spending, stock falls