Consumer prices rose more than expected in August while jobless claims increased, presenting mixed signals for the Federal Reserve ahead of its policy meeting next week. The consumer price index (CPI) climbed 0.4% for the month—the largest gain since January—pushing the annual inflation rate to 2.9%, up 0.2 percentage points from July. Core CPI, which excludes volatile food and energy costs and is considered a … Continue reading Consumer prices rose at annual rate of 2.9% in August

Oracle shares jumped more than 28% in premarket trading after the company projected its AI-fueled cloud revenue to reach $144 billion by its 2030 fiscal year, up from less than $20 billion this year. CEO Safra Catz detailed a rapid growth trajectory, forecasting Oracle Cloud Infrastructure revenue to grow from $18 billion this fiscal year to $32 billion, $73 billion, $114 billion, and $144 billion … Continue reading Oracle stock jumps after CEO says AI-fueled cloud revenue set to soar to $144 billion

Ford unveiled a new advertising campaign, “Ready, Set, Ford,” on Wednesday, marking what the company calls a “fundamental shift” in its branding strategy. The campaign moves beyond vehicle-focused marketing to highlight the people who buy Ford vehicles, emphasizing four core promises: capability, passion, community, and trust. The rollout comes as the auto industry faces uncertainty from tariffs and a slowdown in consumer spending, making brand … Continue reading Ford rolls out new ad campaign amid industry-wide uncertainty

The Labor Department released a report Tuesday showing that nonfarm payrolls in the year prior to March 2025 were revised downward by 911,000 jobs, far exceeding previous estimates. The revision is the largest on record since 2002 and suggests average monthly job growth was 76,000 less than initially reported, raising concerns about the overall health of the labor market. Sectors most affected by the revisions … Continue reading Job growth revised down by 911,000 through March

Nebius Group has inked a landmark agreement with Microsoft worth $17.4 billion over five years to supply GPU-powered AI infrastructure, with an option to expand to $19.4 billion. The deal underscores corporate demand for advanced AI compute capacity, and comes as Microsoft continues investing heavily in AI infrastructure. Nebius, based in Amsterdam, will deploy capacity from its upcoming Vineland, New Jersey data center starting later … Continue reading Nebius Stock Soars After Signing Massive AI GPU Infrastructure Deal with Microsoft

Australia’s ANZ Group plans to eliminate roughly 3,500 jobs—about 8% of its workforce—and an additional 1,000 contractor roles by September 2026. The restructuring, led by newly appointed CEO Nuno Matos (since May 2025), aims to cut duplication, end non-essential projects, and foster a performance-driven culture. The bank will book a restructuring charge of A$560 million (~US$369 million) in pursuit of long-term health and efficiency. ANZ … Continue reading ANZ to Slash 3,500 Jobs in Major Restructuring Under New CEO

London-listed Anglo American has agreed to merge with Canada’s Teck Resources in a monumental $53 billion deal to create a new mining powerhouse. In the merged entity—named Anglo Teck—Anglo American shareholders will own approximately 62.4% while Teck shareholders will hold 37.6%. The new company will be headquartered in Canada, with its primary stock listing in London, and will also pursue listings in key financial markets. … Continue reading Anglo American, Teck Resources to merge in largest mining deal of decade

On September 5, 2025, President Donald Trump threatened to impose additional tariffs on the European Union following the European Commission’s decision to fine Google €2.95 billion for antitrust violations in the ad-tech market. Trump denounced the EU’s action as discriminatory, warning that he would launch an investigation under Section 301 of the Trade Act of 1974, potentially leading to retaliatory trade restrictions against the bloc. … Continue reading Trump Threatens More Tariffs After EU Fines Google

Stock futures edged higher Monday as investors prepared for key inflation data following a weak August jobs report. Dow futures rose 0.2%, S&P 500 futures gained 0.3%, and Nasdaq-100 futures advanced 0.4%. The producer price index arrives Wednesday and the consumer price index Thursday, both critical for gauging the Federal Reserve’s next moves. Recent hiring data fueled hopes of a Fed rate cut, possibly even … Continue reading Stock futures tick higher to start the week

More than 90,000 Jeep Grand Cherokee plug-in hybrid vehicles from model years 2022 to 2026 are being recalled by Stellantis due to a software malfunction that could cause a sudden and unexpected loss of drive power. The issue stems from an overloaded microprocessor in the Battery Pack Control Module, which can lead the Hybrid Control Processor to misinterpret signals and result in propulsion failure, potentially … Continue reading More than 90,000 Jeep Grand Cherokees recalled over potential loss of drive power

The Department of Justice has launched a criminal investigation into Federal Reserve Governor Lisa Cook following two referral letters from Federal Housing Finance Agency Director Bill Pulte concerning her properties in Georgia and Michigan. Investigators are issuing subpoenas and convening grand juries in both states. The probe comes amid President Trump’s effort to fire Cook “for cause,” which she is legally challenging. Pulte alleges Cook … Continue reading Justice Department opens criminal investigation into Federal Reserve Governor Lisa Cook

Lululemon shares fell over 12% in after-hours trading Thursday after the company issued a weaker-than-expected full-year outlook. While second-quarter earnings beat estimates at $3.10 per share, revenue of $2.53 billion slightly missed expectations. The company blamed tariffs, projecting a $240 million hit to profits, and lowered full-year EPS guidance to $12.77–$12.97 versus $14.45 expected, with revenue forecast at $10.85–$11 billion versus $11.18 billion anticipated. Same-store … Continue reading Lululemon shares plunge as earnings guidance falls well short of estimates

Tesla has proposed a new compensation plan for CEO Elon Musk that could pay him up to $1 trillion if he meets ambitious targets over the next decade. The plan, detailed in an SEC filing, requires Tesla to reach an $8.5 trillion market cap, deliver 20 million cars, produce one million Optimus robots, deploy one million robotaxis, gain 10 million Full Self-Driving subscribers, and grow … Continue reading Tesla is proposing a $1 trillion pay package for Elon Musk

Newsmax is suing Fox News in a Florida federal court, alleging anticompetitive tactics to suppress rival conservative networks. The complaint claims Fox uses exclusive content deals, financial penalties, and intimidation to block competitors. Newsmax seeks a ruling declaring Fox’s actions unlawful and monetary damages. Fox dismissed the claims as a response to Newsmax’s own competitive struggles, the BBC has reported. Newsmax, valued at $1.8B, has … Continue reading Newsmax sues Fox News in battle of TV networks

Figma shares dropped 14% after its first post-IPO earnings report, posting breakeven EPS and $249.6M revenue, up 41% YoY. Net income was $846K, with $11.5M in adjusted operating income. Q3 revenue is projected at $263–$265M, above consensus, and full-year revenue just over $1B. Growth is driven by Dev Mode, new AI tools, and acquisitions, CNBC has reported. The company has 1,119 large customers, a 129% … Continue reading Figma’s stock plunges after company’s first earnings report since IPO

American Eagle Outfitters’ recent celebrity campaigns, featuring “Euphoria” star Sydney Sweeney and Kansas City Chiefs tight end Travis Kelce, have boosted brand awareness, engagement, and customer acquisition nationwide, according to the company’s executives. The Sweeney campaign, launched in late July, generated notable attention and controversy for its imagery and messaging, while search interest and website traffic rose significantly. For the fiscal second quarter ending Aug. … Continue reading American Eagle Credits Sydney Sweeney Ads for ‘Brand and Business Reset’

McDonald’s is bringing back its “Extra Value Meals” on Sept. 8, offering budget-friendly options like a $5 sausage and egg McMuffin meal and an $8 Big Mac meal, along with other items such as McGriddles, Chicken McNuggets, and McCrispy sandwiches. The move aims to attract cost-conscious customers amid inflation and declining restaurant traffic, especially among low-income consumers. The initiative follows previous value-focused efforts like the … Continue reading McDonald’s revives Extra Value Meals as it tries to woo budget-conscious diners

Disney will pay $10 million to settle FTC allegations that it improperly collected children’s personal data by failing to label certain YouTube videos as “made for kids,” violating the Children’s Online Privacy Protection Act (COPPA). The videos included content from Coco, Frozen, Toy Story, and The Incredibles. The settlement requires Disney to implement a program to review and correctly label videos for children, while the company emphasized the agreement … Continue reading Disney to pay $10 million to settle FTC lawsuit over collecting kids’ data

Nestlé has abruptly fired CEO Laurent Freixe, a year into his tenure, for failing to disclose a romantic relationship with a subordinate, violating company conduct rules. Philipp Navratil, former head of Nespresso, has been appointed as his immediate successor. The dismissal follows two internal investigations and comes amid a challenging consumer market and ongoing U.S. trade disruptions. Freixe will not receive an exit package, CNN … Continue reading Nestle abruptly removes CEO Freixe over undisclosed relationship with subordinate

Kraft Heinz will split into two companies, reversing much of its $46 billion 2015 merger. One company will focus on shelf-stable meals, including Heinz, Philadelphia, and Kraft mac and cheese, with $15.4 billion in projected 2024 sales. The other will hold North American staples like Oscar Mayer, Kraft singles, and Lunchables, with $10.4 billion in projected sales. The split aims to simplify operations, better allocate … Continue reading Kraft Heinz Is Splitting Into Two Companies

Gold prices hit a record high above $3,500 an ounce as investors flock to safe-haven assets amid inflation, weakening currencies, and geopolitical risks. The surge, nearly doubling gold’s value since early 2023, comes as central banks shift reserves from U.S. treasuries to gold. European bond yields also spiked to multi-year highs, pressuring markets and governments, while the pound and European stocks fell, The Guardian has … Continue reading Gold price hits record high as investors seek safe haven

Suntory Holdings CEO and chairman Takeshi Niinami, 66, has resigned after allegations he purchased supplements containing illegal THC substances. Niinami, a high-profile figure in Japanese business and politics, maintained he believed the supplements were legal. Japanese authorities had searched his Tokyo home as part of an investigation into cannabis-derived products, CNN has reported. His resignation, effective September 1, was accepted by Suntory, with the company … Continue reading CEO of Japanese drinks giant Suntory resigns following drug probe

Health officials are investigating a salmonella outbreak linked to eggs from California-based Country Eggs LLC, which has sickened 95 people across 14 states, including 73 cases in California. Eighteen people have been hospitalized, with no deaths reported. The recalled eggs, sold under multiple brand names and packed for food service, were distributed from June 16 to July 9. Salmonella infection causes diarrhea, fever, and stomach … Continue reading Salmonella outbreak linked to eggs sickens 95 people, CDC says

Microsoft has fired two employees, Riki Fameli and Anna Hattle, who broke into President Brad Smith’s office during a protest against the Israeli military’s alleged use of the company’s software in Gaza. The protest, organized by the group No Azure for Apartheid, involved employees and former employees demanding that Microsoft end its support for Israel. Microsoft cited serious policy breaches and said it is cooperating … Continue reading Microsoft fires two employees over breaking into its president’s office

Federal Housing Finance Agency Director Bill Pulte filed a second criminal referral with the DOJ against Federal Reserve Governor Lisa Cook, alleging she misrepresented the status of a Cambridge condominium and two other homes in government ethics filings. The move supports President Trump’s effort to fire Cook, whom he previously targeted over alleged false mortgage claims. Cook has sued Trump to block her removal, CNBC … Continue reading Trump housing director Pulte lodges new criminal referral for Fed Governor Lisa Cook