Senate Democrats question IRS chief over staffing testimony
Lawmakers led by Elizabeth Warren asked Frank Bisignano to explain testimony that the IRS was not understaffed as reports point to...
By Marcus V. Thorne 1 month agoSection
Markets
Houthis claim tanker strikes as US-Iran conflict widens at sea
Saudi Arabia confirmed one tanker was hit in the Red Sea, while US forces reported a 12th straight round of strikes on Iran.
By Marcus V. Thorne 1 month ago
Ford and Geely plan Spanish EV venture with 2028 production target
Ford will hold 66% of a new venture with Geely to produce electric vehicles at its Valencia plant, subject to regulatory clearance...
By Amanda Ross 1 month ago
Crypto contract puts CXMT near $425 billion before Shanghai listing
A Hyperliquid derivative has valued ChangXin Memory Technologies far above its IPO price, highlighting investor access limits and...
By Sarah Jenkins 1 month ago
Comcast media gains offset broadband pressure before planned split
Comcast beat profit estimates as Peacock turned profitable, while broadband losses continued and connectivity revenue declined.
By Marcus V. Thorne 1 month ago
White House official says Moonshot used Nvidia chips restricted for China
Michael Kratsios alleged the Chinese AI firm accessed GB300 processors in Thailand as Washington weighs tighter controls on remote...
By Amanda Ross 1 month ago
Gold and silver rebound as analysts question durability of rally
Spot silver and gold rose this week after recent selling, though major banks say rates, the dollar and positioning may limit furth...
By Amanda Ross 1 month ago
Alphabet and Tesla shares fall as AI investment strains cash flow
Both companies beat revenue expectations but reported negative free cash flow, putting Wall Street’s scrutiny of AI-related capita...
By Sarah Jenkins 1 month ago
ServiceNow CEO says AI controls can contain rogue agents
Bill McDermott told CNBC that ServiceNow’s AI Control Tower can stop rogue AI agents as the company seeks to benefit from wider en...
By Sarah Jenkins 1 month ago
Galderma sees GLP-1 weight-loss drugs lifting aesthetics demand
CEO Flemming Ørnskov told CNBC that rising use of GLP-1 drugs is starting to support growth in Galderma’s aesthetics portfolio.
By Sarah Jenkins 1 month ago
American Airlines cuts 2026 earnings view on higher fuel costs
American lowered its full-year adjusted EPS range after fuel volatility, while second-quarter revenue and adjusted profit topped L...
By Amanda Ross 1 month ago
Eli Lilly targets 2027 filing for retatrutide obesity drug
Lilly said two late-stage studies showed weight loss of more than 20% in some patients, but regulatory filing will wait for manufa...
By Marcus V. Thorne 1 month ago