Business

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UK Economy Grows 0.1% in August, Beating Expectations Before Budget
Business3d ago

UK Economy Grows 0.1% in August, Beating Expectations Before Budget

Britain recorded unexpected growth despite falling consumer spending, but the slowdown from July leaves chancellor John Healey preparing his first Budget with only modest economic momentum.

9 sources · today
ASML Raises Sales Outlook as AI Demand Outstrips Machine Capacity
Business3d ago

ASML Raises Sales Outlook as AI Demand Outstrips Machine Capacity

Rising AI investment is lifting demand for ASML's chipmaking machines, but the Dutch company faces capacity constraints that could leave customers short of equipment through 2028.

18 sources · over 3 days
Trump says Taiwan will buy 30% of Alaska project's gas
Business3d ago

Trump says Taiwan will buy 30% of Alaska project's gas

The announced twenty year purchase commitment, alongside a proposed $4.4 billion investment, would give the planned Alaska gas project a major buyer as Taiwan seeks closer ties with Washington.

10 sources · over 2 days
57th GST Council Meeting Scraps Arrest Powers, Raises Prosecution Threshold
Business7d ago

57th GST Council Meeting Scraps Arrest Powers, Raises Prosecution Threshold

After two postponements, the GST Council approved enforcement reforms on October 8, raising the prosecution threshold to Rs 5 crore and opening a review of buyer protection.

11 sources · over 6 days
Trump Forms Committee to Investigate Fed Governor Lisa Cook
Business7d ago

Trump Forms Committee to Investigate Fed Governor Lisa Cook

The White House inquiry revives Trump's effort to remove Cook after a Supreme Court setback, with mortgage allegations under scrutiny and a hearing planned for next month.

22 sources · over 2 days
Paramount Completes Warner Bros. Discovery Acquisition and Renames Combined Company Skydance
Business8d ago

Paramount Completes Warner Bros. Discovery Acquisition and Renames Combined Company Skydance

The merger puts major film studios, CNN, CBS and streaming services under one owner, with platform consolidation, layoffs and a new management structure now taking shape.

51 sources · over 5 days
Netflix Prepares Major Layoffs That Could Affect Five Percent of Staff
Business8d ago

Netflix Prepares Major Layoffs That Could Affect Five Percent of Staff

Reports point to a significant restructuring, with an announcement possible next week, as Netflix faces investor concerns about future growth and has declined to comment.

11 sources · over 2 days
Starbucks Explores Chipotle Takeover as Shares Rise and Financing Questions Grow
Business8d ago

Starbucks Explores Chipotle Takeover as Shares Rise and Financing Questions Grow

Reports of a possible takeover have lifted Chipotle shares, but Starbucks says its focus remains on its turnaround, while analysts question the cost of a deal.

13 sources · over 2 days
TCS Reports 15% Quarterly Profit Growth as AI Revenue Tops $3 Billion
Business9d ago

TCS Reports 15% Quarterly Profit Growth as AI Revenue Tops $3 Billion

TCS beat profit estimates and its shares rose 4%, but weaker India business and divided analyst views leave questions about how broadly the recovery is spreading.

8 sources · today
SpaceX seeks $40 billion in Apollo-led financing to buy Nvidia chips
Business9d ago

SpaceX seeks $40 billion in Apollo-led financing to buy Nvidia chips

The proposed borrowing would fund a major expansion of SpaceX's AI computing capacity, while ongoing talks highlight the huge financing demands behind the race for chips.

20 sources · over 3 days
Samsung forecasts record $80 billion quarterly profit as AI demand surges
Business9d ago

Samsung forecasts record $80 billion quarterly profit as AI demand surges

AI infrastructure spending and rising memory prices are lifting Samsung's earnings to unprecedented levels, but investors still want evidence that the boom can last.

17 sources · over 2 days
US Treasury Yields Hit 24-Year High as Global Bond Sell-Off Deepens
Business10d ago

US Treasury Yields Hit 24-Year High as Global Bond Sell-Off Deepens

US Treasury yields soared to their highest since 2002, driving up borrowing costs worldwide and sparking concerns about inflation, government debt, and the impact on mortgages and financial markets.

18 sources · over 7 days