Intel Considers Splitting Product-Design, Manufacturing Divisions: Report
The deliberations, which remain confidential, include the possibility of scaling back certain factory projects and even a potential merger or acquisition.
Trump Proposes Making IVF Treatments Paid For By Government Or Insurance Companies
Acknowledging the financial burden of IVF, Trump says the treatments are costly and out of reach for many.
GM Faces Class Action Lawsuit Over Faulty Transmissions In Around 800,000 Vehicles
The decision allows drivers to sue over alleged issues with automatic transmissions installed in Cadillac, Chevrolet, and GMC vehicles.
OpenAI In Talks For New Funding Valuing ChatGPT Maker More Than $100B: Reports
Thrive Capital is expected to lead the investment, committing $1 billion to the round.
Supreme Court Rejects Biden Administration's Request To Revive Student Loan Debt Relief Plan
In a brief order, the top court refused to lift a nationwide injunction issued by an appeals court, which had blocked the plan from going into effect.
CrowdStrike Estimates $60 Million Sales Blow After Global Software Update Failure
Despite the setback, CrowdStrike's executives expressed optimism about recovering the lost deals by the end of the company's fiscal year in January 2025.
Samsung Finalizes Deal With GM To Build EV Battery Factory In US
The two companies plan to invest approximately $3.5 billion in the construction of the battery cell manufacturing facility.
Trump's Policies Could Add $5.8T To Deficit, Nearly 5X More Than Harris' Plan: Penn Wharton Study
Harris's plan, which includes expanding the Child Tax Credit, and Earned Income Tax Credit, is expected to raise deficits by $2.1 trillion over the next decade.
Apple Cuts Workforce In Services Division As Part Of Strategic Realignment
The layoffs primarily impacted engineering positions, with the most significant reductions in the team responsible for the Apple Books app and Apple Bookstore.
San Francisco Fed President Signals Imminent Quarter Percentage Point Rate Cut
Mary Daly said the "most likely" outlook involves continued gradual declines in inflation alongside steady and sustainable job growth.
X Modifies AI Chatbot After Concerns Over Election Misinformation
It comes after top election officials sent a letter to Elon Musk, criticizing Grok for disseminating incorrect information about state ballot deadlines.
Path Cleared For Skydance Media's Paramount Takeover As Edgar Bronfman Exits Bid
Paramount's board, through its special committee, confirmed the conclusion of the "go shop" period.
Biden-Harris Administration To Finalize China Tariff Hikes Amid Industry Pushback
This marks the administration's first major trade policy move since Vice President Kamala Harris became the Democratic Party's presidential nominee.
Trump Cites Musk's Business Commitments As Barrier For Potential Role In His Hypothetical Cabinet
Trump suggested that while Musk might not hold an official position, he could still offer valuable advice, particularly in areas like artificial intelligence. "He can sort of, as the expression goes, consult with the country and give you some very good ideas," the Republican presidential nominee said.
Oil Prices Higher As Israel-Hezbollah Conflict Escalates
Oil prices rose on Monday after Israel's Air Force struck targets in Lebanon before the Iran-backed group fired more than 320 rockets into Israel.
Fed On Course For September Rate Cut As Meeting Minutes Show Strong Support
FOMC signaled that a rate cut could be on the table at the upcoming September 17-18 meeting, especially if economic data continues to align with expectations.
Disney Appoints Morgan Stanley's James Gorman To Lead CEO Succession Planning
The company announced the decision on Wednesday as a major step in its leadership transition strategy.
Edgar Bronfman Raises Bid To Acquire Paramount Global As 'Go Shop' Period Extended: Reports
Bronfman's latest offer includes $3.2 billion in funds that could be used to reduce Paramount's debt or to buy non-voting shares from investors.
OpenAI Partners With Mass Media Company Condé Nast To Integrate Content From Leading Publications
The partnership will allow platforms like ChatGPT and SearchGPT to use content from Vogue, The New Yorker, GQ, and Wired.
Texas Federal Judge Blocks FTC Ban On Non-Compete Agreements
The rule, which was set to take effect across the United States on September 4, has been effectively blocked by the ruling.
Warner Bros. Eyes $8.5Bn Investment In Nevada If Film Tax Credit Is Expanded
Warner Bros. Discovery has pledged an annual investment of $500 million toward film productions over the next 17 years.
Trump Offers Elon Musk A Role In Administration If He Wins, But Plans To Cut EV Tax Credits
Trump said he might eliminate the $7,500 tax credit currently available for certain electric vehicles (EVs), a move that could impact Tesla's business.
Kamala Harris Proposes To Hike Corporate Tax Rate To 28%
Her campaign made the announcement on Monday by framing the proposal as a key component of her economic strategy.
Edgar Bronfman Submits $4.3 Billion Rival Bid For Paramount Global
The bid also covers a $400 million breakup fee, which would be necessary to terminate a competing agreement that Paramount Global had previously entered into.
Goldman Sachs Lowers US Recession Probability To 20% On Strong Economic Data
The adjustment comes after the investment bank had previously raised the odds from 15% earlier this month.
Chicago Fed President Cautions Against Trump, Harris Inflation Arguments
As part of their economic platforms, Vice President Kamala Harris and former President Donald Trump have both pledged to reduce costs for Americans.
US Dollar Drops Amid Expectations Of Dovish Fed Release
The release of the Fed minutes on Wednesday and Chair Jerome Powell's speech on Friday are expected to be key in influencing markets throughout the week.
TikTok Urges Appeal Court To Overturn US Law, Challenges DOJ Claims on China Ties
The social media giant is urging the court to reverse a law that mandates its parent company, ByteDance, to divest TikTok's U.S. operations or face a ban.
Kamala Harris To Propose $25K Down Payment Support For First-Time Homeowners
To address the housing shortage, Harris will call for the construction of 3 million new housing units. Her plan includes introducing a tax incentive for builders who focus on creating starter homes for first-time buyers and expanding existing tax credits for affordable rental housing development.
UAW Files Labor Charges Against Trump, Musk Over Alleged Worker Intimidation
The charges were filed on Tuesday with the National Labor Relations Board (NLRB), following a controversial exchange between Trump and Musk.