Latest Business News
Nvidia Cleared to Export H200 AI Chips to China
President Trump has authorized Nvidia to sell its H200 AI chips to China, allowing the tech giant to expand its market despite a 25% export surcharge, signaling a strategic move in U.S.-China tech relations.
Paramount Launches Hostile Takeover Bid for Warner Bros. Discovery
Paramount Skydance has initiated a hostile takeover bid for Warner Bros. Discovery, backed by banks, billionaires, and sovereign wealth funds, intensifying competition in the media industry.
Apple Emerges as Anti-AI Stock Amid Industry Trends
While AI investments surge across tech, Apple is positioned as an anti-AI stock by not increasing spending in AI, which investors view as a unique strength in the current market environment.
Holiday Shopping Season Off to a Strong Start
Retailers report robust holiday sales early into the season, with Tanger Outlet CEO highlighting consumer enthusiasm despite economic uncertainties.
ExxonMobil Projects Stronger Cash Flow for 2026
ExxonMobil shares rose 2.1% following an updated cash flow forecast exceeding expectations, signaling confidence in energy sector profitability for the upcoming year.
Meta Platforms Faces Challenges with Underperforming Shares
Meta Platforms' stock is under pressure as the company struggles with earnings and market adjustments amidst broad sector declines.
CVS Health Beats Earnings Estimates and Projects Strong 2026
CVS Health reported earnings above expectations and gave a positive outlook for next year, boosting investor confidence in healthcare retail.
Bitcoin Price Surges with New Tether-Backed Strategy Debut on NYSE
Bitcoin prices jumped in response to the listing of a new rival strategy backed by Tether on the New York Stock Exchange, reflecting evolving crypto market dynamics.
PepsiCo Announces Plans to Increase Sales and Cut Costs Amid Skepticism
PepsiCo outlines strategies to boost sales and reduce expenses, although financial analysts express doubts regarding the feasibility and impact of these plans.
AeroVironment Reports Record Quarterly Sales Despite Stock Decline
Drone maker AeroVironment achieved record quarterly sales; however, its stock price declined, highlighting mixed investor sentiment in the defense tech sector.