Business

(NEW YORK) — Chip giant Nvidia delivered more revenue than expected over a recent three-month period, the company said on Wednesday, defying concern among some prominent figures about a possible bubble in the artificial intelligence industry. The California-based company recorded $46.7 billion in sales over three months ending in July, which exceeded analyst expectations of […]

(NEW YORK) — An earnings report to be released by chip giant Nvidia on Wednesday will offer a window into the health of the artificial intelligence (AI) industry, which in recent years has become a key engine for stock market gains and economic growth. Nvidia, the $4 trillion company behind many of the chips fueling […]

(NEW YORK) — Consumer confidence worsened slightly in August, erasing some gains from the previous month and resuming a downward trend suffered at the outset of 2025, the Conference Board said on Tuesday. The souring of shopper attitudes followed a weak jobs report and a set of sweeping new tariffs issued by President Donald Trump. A lower-than-expected inflation […]

(NEW YORK) — Elon Musk-owned xAI on Monday sued tech giants Apple and OpenAI over an alleged scheme to illegally dominate the artificial intelligence industry through a collaboration that equipped iPhones with AI tools. The exclusive agreement between the world’s largest smartphone producer and a top AI firm effectively shut other AI companies out of […]

(NEW YORK) — The United States and European Union on Thursday released new details of their trade agreement, including tariff levels for consumer staples like pharmaceuticals and autos. Prior to the agreement last month, the European Union faced the prospect of a 30% tariff rate. Instead, products from one of the largest U.S. trade partners will be […]

(NEW YORK) — SpaceX’s Starship is about to face its 10th test flight following explosions on previous launches.  SpaceX CEO Elon Musk has promised that the world’s most powerful rocket and spacecraft will one day take humans to Mars and beyond. But leading up to its 10th launch, scheduled for Sunday at 7:30 p.m. ET, […]

(NEW YORK) — Target CEO Brian Cornell will step down early next year after more than a decade at the helm of the $107 billion retail giant, the company said on Wednesday. In recent years, Target has suffered sluggish sales as the company weathered consumer boycotts over its Pride collection and a rollback of its diversity, equity and […]

(NEW YORK) — Consumer sentiment worsened in August, snapping two consecutive months of improved attitudes among shoppers as President Donald Trump imposed sweeping new tariffs on nearly 70 countries. The fresh reading fell short of economists’ expectations. The dampening of shopper attitudes returns the measure to a months-long downturn that took hold after Trump took […]

(NEW YORK) — A fresh report on consumer sentiment on Friday will show how shoppers digested a cascade of economic developments this month, including President Donald Trump’s firing of a top labor statistics official hours after the release of weak jobs data. The report, which details shopper attitudes in August, is set to arrive days after an inflation reading came […]

(NEW YORK) — The labor market slowed sharply this summer, leaving job applicants with fewer places to turn for a new position. Employers added an average of about 35,000 jobs over three months ending in July, which marks a major slowdown from roughly 128,000 jobs added monthly over the prior three months, the U.S. Bureau of Labor Statistics said […]