Trump's new global tariff draws rebukes from trade partners over forced-labor justification
U.S. trading partners have rejected the forced-labor rationale behind Trump's new global tariffs, while most signaled plans to keep negotiating.
U.S., other nations back open-source AI with 'strong security' at China summit
The APEC statement is the first to include open-source cooperation at a minister level, said Li Lecheng, China's industry and information technology minister.
Intel's stock jumps as chipmaker rides AI boom to fastest revenue growth in almost 15 years
Intel rallied after the company reported blowout earnings and guidance.
U.S. to see higher generic drug prices thanks to tariffs, CEO of leading India pharma firm warns
CEO of Indian pharma company Dr Reddy's has warned that Trump's proposed tariffs on generic drugs will make them more expensive for patients.
Oracle signs 10-year software contract with Pentagon worth up to $7 billion
Oracle will supply on-premises software to the U.S. Department of Defense.
Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite
This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.
Shortsighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil'
After staying flat as the U.S.-Iran war heated up again, equities tumbled on Thursday after oil prices crossed $100 per barrel.
China's largest memory chipmaker sparks fears of a cash drain as it readies for public debut
CXMT is stoking fears that its blockbuster stock market debut could pull cash from China's equities.
OpenAI's Hugging Face hack triggers 'AI Kill Switch' bill in Congress
OpenAI disclosed this week that some of its AI models went rogue and hacked into open-source developer platform Hugging Face.
As Honda CR-V leads U.S. sales, automaker teases new American-built pickup truck
The future of the Ridgeline midsize pickup truck had been in flux, and the automaker said there will be a temporary production stoppage for the truck.
AARP to Congress: 'We strongly object to fast-tracking Social Security changes'
New legislation aims to break the stalemate on overhauling Social Security. AARP, which advocates on senior issues, says it opposes them.
Amazon and Microsoft pivot cloud gaming strategies to target different players
Amazon is bringing Luna to the Prime Video streaming service, while Microsoft will test an ad-supported streaming of titles that people own.
Tesla, Alphabet lose hundreds of billions in value in post-earnings stock plunge
Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.
10-year Treasury yield rises to highest since January 2025 as surging oil rekindles inflation fear
U.S. Treasury yields climbed on Wednesday, following oil prices higher, as traders also reacted to a slump in weekly claims for unemployment insurance.
Amazon cracks down on use of AI images by sellers after New York law
A recently enacted New York law mandates that companies disclose when an ad includes a "synthetic performer" in place of a human actor.
Allianz to buy HSBC’s Singapore insurance unit for $2.09 billion
Allianz to acquire Singapore insurance business from HSBC
Congress splits on war powers resolutions to force Trump to abandon Iran war
Trump would be nearly certain to veto any measure to curtail his ability to wage war with Iran.
Intel's turnaround under CEO Lip-Bu Tan gains steam with another strong quarter
It's hard not to be impressed by Tan, who, in a little more than a year, has transformed the company.
Southwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worries
Southwest hired a ship this spring to send fuel from Houston to Los Angeles in case of supply shortages.
Odds of Federal Reserve rate hike surge as oil prices rip higher
Investors are increasingly readying for the Federal Reserve to hike interest rates in September.
Cerebras stock gains on AMD partnership
Cerebras and AMD agreed to work together, pairing their technology for AI systems.
DOJ withdraws subpoenas to NY Times reporters in Trump plane probe
The subpoenas to New York Times reporters were issued by Manhattan U.S. Attorney Jay Clayton, whom Trump has nominated as director of national intelligence.
IBM's Krishna tries to reassure investors that AI won't disrupt company's software unit
IBM's CEO highlighted growing mainframe hardware capacity, and said software should "catch back up" within a year.
A tax break for preserving land has drawn IRS scrutiny. Here’s when it still makes sense
For wealthy landowners, conservation easements can still make sense if you avoid these IRS red flags.