Arm is aiming to raise up to $4.87 billion in its upcoming IPO, which could value the chip design firm at $52 billion, as it looks to tap into institutional funds and boost investments in research and development, particularly in artificial intelligence.
Florida is offering a two-week sales tax holiday for purchasing disaster preparedness supplies, including items such as toilet paper, sunscreen, and generators.
The Powerball jackpot has reached an estimated $363 million, with the winning numbers for Monday night's drawing being 4, 6, 25, 55, 68 and Powerball 26.
The Walt Disney Company is recommending Spectrum customers to switch to Hulu + Live TV or other streaming alternatives as they work on a new distribution deal with Charter Communications to restore access to Disney-owned channels that have been blacked out since Thursday.
OpenAI CEO Sam Altman has been awarded Indonesia's first "Golden Visa," allowing him to contribute to the development and use of AI in the country while enjoying various benefits such as priority screening at airports and longer stays.
American Airlines has been fined $4.1 million by the U.S. Department of Transportation for excessive ground delays that trapped passengers on planes, marking the largest fine of its kind in a decade.
Federal Reserve Governor Christopher Waller believes that the recent strong economic data allows the central bank to proceed cautiously and wait for further evidence before deciding on additional interest rate hikes to combat inflation.
Oil prices ease in Asia as concerns over slow demand from China outweigh fears of tighter supply due to output cuts by Saudi Arabia and Russia.
Shares of Nvidia surged 6.7% to an all-time high after announcing a $25 billion stock buyback plan and reporting record quarterly revenue, driven by strong demand for its AI-focused chips.
Private equity firm Veritas Capital has made an offer to acquire Canadian software company BlackBerry, leading to a 17% increase in BlackBerry's U.S-listed shares.
Amazon is raising its minimum order threshold for free shipping from $25 to $35 for non-Prime members, potentially encouraging more customers to join its Prime service.
Warner Bros. Discovery expects a financial impact of $300 million to $500 million due to ongoing writers' and actors' strikes, assuming the strikes will continue through the end of the year.
Illumina, Inc. has appointed Jacob Thaysen, Ph.D., as Chief Executive Officer, effective September 25, 2023, due to his extensive background and experience in genomics, life sciences, and technology.
Deep fried pho wins the Big Tex Choice Award for Best Taste at the State Fair of Texas, outshining other savory bites according to the judges.
The CEO of Novo Nordisk, Lars Fruergaard Jorgensen, stated that it may take several years to meet the demand for the weight loss drug Wegovy, as the company struggles to keep up with the needs of over 100 million Americans with obesity.
China plans to launch a $41 billion fund to bolster its semiconductor industry, despite ongoing efforts by the United States and other countries to restrict China's chip production.
Thrive Pet Healthcare announced the closure of Veterinary Specialists & Emergency Services in Rochester due to a lack of ER doctors, leading to concerns about a shortage of emergency veterinary care in the area.
Toyota, the world's largest carmaker, has suspended operations at most of its assembly plants in Japan after a system glitch prevented the company from ordering components, affecting 12 out of its 14 domestic plants.
Mortgage rates have been decreasing and could fall further this month if inflation continues to come down.
Elon Musk threatens to sue the Anti-Defamation League, accusing them of making unfounded accusations against X/Twitter and causing a loss in advertising revenue.
Crypto exchange Binance's Poland entity, Binance Poland, will provide services to residents of Belgium in compliance with regulatory obligations, following an order from the Belgian Financial Services and Markets Authority (FSMA) to stop offering crypto services due to violations of AML and CFT requirements.
Vodafone plans to collaborate with Amazon's Project Kuiper to expand the reach of its telecoms networks in Europe and Africa using high-bandwidth, low-latency satellites, aiming to provide high-speed broadband services and connectivity to under-served communities and businesses.
The Dow Jones Industrial Average fell after weak economic data from China, while U.S. oil prices rose and Tesla's stock gained due to increased sales in China.
Drug manufacturer Mallinckrodt Pharmaceuticals plans to file for bankruptcy, seeking to pay nearly $1 billion less to a trust as part of a settlement over its role in the opioid crisis.
Shares in online mortgage lender Better plummeted more than 95% as investors turned away following its merger with a blank-check company, coinciding with a surge in mortgage rates.
Tesla founder Elon Musk will pay back more than 3,000 investors approximately $12,397 each as part of a settlement over a lawsuit accusing him of defrauding investors with a tweet about taking the company private.
Google Flights introduces new features including historical pricing insights, price tracking notifications, and a price guarantee badge to help users find cheaper flights.
Americans are being advised not to discard unused at-home COVID-19 tests that may have passed their expiration dates, as the FDA has extended the expiration dates of many popular at-home test products amid a surge in COVID-19 cases in the US.
Access to Novo Nordisk's weight-loss drug Wegovy in the UK may be easier for those who can afford to pay out of pocket, potentially exacerbating health inequality in a country with high obesity rates and an overburdened state-run health service, according to doctors and medical experts.
Turkish-Dutch Corendon Airlines is introducing dedicated "Only Adult" seating zones on flights between Amsterdam and Curaçao, providing a quiet environment for passengers without children for an additional cost.
Mercedes-Benz unveiled new concept vehicles at the IAA Mobility auto show in Munich, which have a range of over 466 miles on a single charge, surpassing Tesla's current models, while BMW also revealed an electric vehicle with longer range and faster charging in an effort to compete in the growing EV market.
Instacart, the grocery delivery company, has filed for an IPO after reporting net income of $114 million and a 15% increase in revenue in the latest quarter, aiming to create an omni-channel experience that combines online and in-store shopping.
Chinese EV maker XPeng is set to buy out Didi Global's Smart electric car division and collaborate with the ride-hailing giant on a new affordable EV brand, with plans to launch a mass-market EV with a starting price of around $20,500 next year.
Arm Holdings is preparing for a significant IPO that will be the largest of the year, although its valuation indicates that it won't reach Nvidia's level of success.
Gold and silver prices are lower due to a strong U.S. dollar and rising U.S. Treasury yields, while trader and investor risk appetite is downbeat with downbeat economic data from China and Asian stock markets mostly lower.
3M has agreed to pay $6.01 billion to settle over 260,000 lawsuits by US military service members who suffered hearing loss from using the company's earplugs.
Qantas CEO Alan Joyce resigns early due to mounting scandals and revelations, including selling tickets for cancelled flights, with Vanessa Hudson set to take over as the new CEO.
The Electric Reliability Council of Texas (ERCOT) is asking Texans to conserve energy due to a high potential for the power grid to enter emergency operations as demand for electricity is expected to exceed capacity.
Federal Reserve Chairman Jerome Powell strikes a hawkish tone on U.S. monetary policy, stating that the inflation fight is not finished and the Fed is prepared to raise interest rates further.
Chinese EV manufacturer Nio reports Q2 earnings with its delivery outlook crucial amid China's economic slowdown, while Nio stock remains below key levels.
Mercedes-Benz aims to sell only electric vehicles by 2030 and has introduced a new electric-sedan concept vehicle at a German motor show with superior range compared to Tesla's Model 3.
Tyson Foods' closure of six poultry plants and subsequent layoffs of over 4,600 workers in Missouri, Indiana, Arkansas, and Virginia highlight the challenges faced by small communities dependent on large industrial employers.
Goldman Sachs has reduced its probability of a US recession in the next year to 15% due to positive inflation and labor market news, citing stronger-than-expected economic data and a potential boost in consumer spending.
A Delta flight from Atlanta to Barcelona had to turn around when a passenger suffered diarrhea "all the way through the plane," causing it to be considered a "biohazard" and prompting a thorough cleaning before continuing the journey.
Disney's ESPN is in talks with Amazon about a potential partnership for a new streaming service, with ESPN considering charging between $20 and $35 per month for the service.