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Northrop Grumman Corp. raised its full-year sales and earnings outlook amid a flood of new orders that pushed the company’s backlog to record levels.
Trump enters an uncertain moment in an Iran war threatening to become a quagmire.
Traffic through the Strait of Hormuz has been at a near-standstill for weeks amid the Iran war, sending prices of oil and other key goods soaring.
A very large crude carrier has made a U-turn in the southern Red Sea after warnings from Houthi rebels in Yemen that they would target ships heading to or from Saudi ports.
Kazakhstan is set to stop piping crude to a port on Russia’s Black Sea coast after a spate of attacks on tankers that’s jeopardizing the landlocked Asian country’s ability to produce oil.
Azerbaijani President Ilham Aliyev said former senior German and Russian officials met in the capital Baku this month for talks on how to end Russia’s war against Ukraine, confirming media reports.
Cashea, Venezuela’s largest financial technology company, has raised $100 million across two financing rounds, as global investors bet it can grow in a market where lending has been constrained for years.
The CEO of the company swears by premium ingredients, no weird additives and ignoring the latest food fads.
As China convenes a global AI conference, Arizona receives more investment
Prosecution investigators seized e-mail and communication servers of the opposition Fidesz party of Viktor Orban, the former prime minister’s spokesperson was quoted as saying.
Novo Nordisk A/S said it’s suing Eli Lilly & Co. in US federal court, claiming that Lilly’s advertising for its blockbuster obesity shot Zepbound and diabetes injection Mounjaro is misleading as competition between the two drugmakers escalates.
Russia halted auctions of domestic government bonds after a series of failed sales amid speculation the central bank may pause a year-long monetary easing cycle.
Moonshot AI is preparing to begin discussions in August on a final round of fundraising before listing in Hong Kong, capitalizing on the excitement around its latest model to raise capital at a valuation of as much as $50 billion.
Nvidia Corp. Chief Executive Officer Jensen Huang and his wife are pledging $75 million for Vanderbilt University’s expansion into San Francisco as the Tennessee school takes over the campus of a cash-strapped arts college that the billionaire had previously tried rescuing.
The Iran war has highlighted a fundamental vulnerability of the oil-rich nations in the Persian Gulf: their reliance on desalination plants for water.
The US Treasury market fell, pushing 10- and 30-year yields to the highest levels in about two months, as a surge in crude oil prices stoked concern that inflationary pressures will prompt the Federal Reserve to raise interest rates.
Source: Bloomberg, 0:00
Say you’re the leader of the planet’s most powerful country and you’ve spent a year and a half hazing almost the whole world. How does the world respond?
The move would hit about $20 billion worth of Canadian imports to the US
China’s unemployment among young people could be headed for levels last seen more than three years ago, as a record number of graduates prepare to enter the labor market at a time when AI is threatening to displace more entry-level jobs.
China is closing the technology gap on both AI models and the chips that make them possible
Source: Bloomberg, 5:36
Alphabet Inc., has more than quadrupled its office space in Miami this year shortly after co-founders Larry Page and Sergey Brin bought homes in the area.
Z.AI has completed construction of a major data center that it plans to fill only with Chinese-made chips, a step forward in Beijing’s efforts to shift away from restricted Nvidia Corp. silicon for future AI development.
A potential debt revamp at Aston Martin Lagonda Global Holdings Plc is setting the stage for an unusual battle between different divisions of asset management giant BlackRock Inc.
Britain’s financial industry welcomed John Healey’s appointment as chancellor of the exchequer, hoping the Treasury’s seventh occupant this decade will deliver stability.
Some creditors of Aston Martin Lagonda Global Holdings Plc have sent a legal letter to the struggling luxury automaker, the latest step in an effort to thwart a debt deal that would erode their standing.
GP-led deals in the secondary market reached $62 billion in the first half, as European fund managers take a cue from across the Atlantic.
Ukrainian drone strikes on warehouses operated by Wildberries, Russia’s answer to Amazon, have jolted the country’s retail industry, forcing companies to rethink logistics and stoking fears of higher inflation.
Texas and Louisiana are facing a dangerous combination of stormy weather and extreme temperatures as Tropical Storm Bertha sweeps across the Gulf Coast during a heat wave.
