Luxury watchmaker Rolex's acquisition of watch retailer Bucherer has caused a 25% drop in the value of the Watches of Switzerland Group, although the group insists the move is solely for succession planning and not a strategic entry into the retail market.
Electric vehicle maker BYD Co Ltd's unit has struck a deal to acquire Jabil Inc's Singaporean division's mobility business in China for 15.8 billion yuan ($2.17 billion), expanding BYD's customer base, product portfolio, and smartphone components business in the sector.
Intel Corp.'s stock rose after CEO Pat Gelsinger expressed optimism about the company's business, stating that it is tracking above the midpoint of its third-quarter outlook with solid inventory levels and improving market share.
Lyft is introducing a new feature, Women+ Connect, which allows female and nonbinary riders and drivers to match for rides in an effort to improve safety and encourage more women to drive with the company.
US Energy Secretary Jennifer Granholm faced an awkward situation when her staff blocked a public EV charger with a gasoline car to reserve it for the government official's convoy of EVs during a road trip to promote green energy and clean cars.
Tesla has unveiled a restyled Model 3 with a longer driving range in China and other markets, putting pressure on rivals who are expected to release new electric vehicles soon.
The Centers for Disease Control and Prevention (CDC) is recommending that everyone aged 6 months and older get the updated Covid vaccine to better protect against the virus, with the shots becoming available in some areas within the next 48 hours.
Sen. Josh Hawley introduces a bill to cap credit card interest rates at 18 percent in an effort to protect vulnerable borrowers amidst record credit card debt.
Evergrande's shares plummeted by over 80% as they resumed trading in Hong Kong, following the company's announcement of a $4.5 billion loss for the first half of the year, exacerbating concerns about China's real estate market crisis.
Circle K convenience stores in Arizona are offering a limited-time discount of up to 30 cents off per gallon on gas purchases between 4 and 7 p.m., while also providing additional promotions such as fuel discount cards and 50% off car washes.
Birkenstock, the iconic sandal maker, has filed for an initial public offering (IPO) and warned investors about the risks posed by counterfeit products promoted on social media.
The United Auto Workers union could potentially strike at Detroit's Big Three automakers if a deal isn't reached by the contract deadline, although progress is being made in the talks regarding wages.
A UPS driver in Texas died four days after collapsing while delivering packages in extreme heat, sparking calls for investigation and concerns about working conditions.
Arm, the chip designer owned by SoftBank Group Corp, is set to secure at least the top end of the price range in its IPO, valuing the company at $54.5 billion, after receiving strong investor backing, with the shares scheduled to start trading in New York on Thursday.
Meta has released an AI called Code Llama that can generate and describe code in multiple programming languages, aiming to make coding workflows faster and lower the entry barrier for beginners, while also emphasizing on safety and preventing the generation of harmful code.
Hyundai Motor Group and LG Energy Solution are planning to invest an additional $2 billion into their electric vehicle and battery manufacturing plant in Georgia, increasing the total investment to nearly $7.6 billion and creating 400 more jobs. The investment will support the production of 300,000 electric vehicles annually and enhance battery technology for greater range and lower weight.
The CEO of BP, Bernard Looney, has resigned after admitting to not being fully transparent about his past relationships with colleagues, with the company stating that he violated their values and expectations of leadership behavior.
The US government is seeking Elon Musk's testimony in an investigation into X (formerly known as Twitter), citing concerns about the company's ability to comply with the law and protect user privacy.
Tesla CEO Elon Musk is reportedly under investigation by federal prosecutors and the Securities and Exchange Commission over a secretive project known as "Project 42," which involves the construction of a glass house in Austin, Texas using funds that may be siphoned from Tesla.
Turmeric, a golden-orange spice derived from the Curcuma longa plant, has been found to effectively treat indigestion, offering similar symptomatic improvement as a commonly used drug, omeprazole, and showcasing a wide range of other health benefits such as anti-inflammatory and antimicrobial properties.
Ford plans to double the production of its hybrid version of the F-150 pickup truck in 2024, aiming to increase sales to approximately 20% in the US, as the company faces slower-than-expected sales of its electric vehicles.
Walt Disney has pulled its channels, including ABC stations and ESPN, from Charter Spectrum due to a distribution fee dispute, leaving nearly 15 million subscribers without access to popular programming such as "Jeopardy!" and "Wheel of Fortune."
The latest inflation report is expected to show a steady increase in consumer prices, with economists predicting a 3.6% overall inflation compared to last year, indicating that inflation is gradually coming down but still remains above the Federal Reserve's target.
Tesla has unveiled its updated Model 3 EV sedan in China, featuring a sportier exterior, improved battery range, and faster acceleration, although surprising many with a 12% price increase; the upgraded model is expected to boost sales and profit margins for the electric vehicle giant.
New York City's pension funds and the state of Oregon have filed a lawsuit alleging that Fox Corporation allowed Fox News to spread election lies, exposing the company to defamation cases and failing shareholders.
U.S. stock futures remain flat as investors await the release of the consumer price index and monitor tech stocks' performance.
Starbucks brings back its Pumpkin Spice Latte for the 20th anniversary, along with other seasonal menu options such as the Iced Pumpkin Cream Chai Tea Latte and Pumpkin Cream Cold Brew.
India is considering a new electric vehicle policy that would significantly reduce import taxes for automakers, potentially allowing Tesla to enter the market at a reduced tax rate as low as 15%.
Carnival Cruise Line's website glitched and advertised heavily discounted prices for its Cheers! beverage package, but the company announced that it would not honor those prices and instead offered affected guests a special one-time discount code for future purchases.
Disney's TV channels, including ABC, ESPN, FX, and Freeform, have been blacked out on Charter Spectrum, the US's second-largest cable TV provider, impacting millions of subscribers and creating a significant carriage dispute between the two companies.
The FDA has concluded that phenylephrine, a common decongestant ingredient in over-the-counter cold and flu medications, is no more effective than a placebo, possibly leading to the removal of these medicines from shelves as manufacturers work to find alternative formulas.
The UAW has filed unfair labor practice charges against General Motors and Stellantis for refusing to bargain in good faith during contract negotiations, while Ford Motor Co. offered a contract that fell short of what the union deemed fair, resulting in a charge from the UAW as well.
Eight more companies, including Adobe, IBM, Palantir, Nvidia, and Salesforce, have pledged to voluntarily follow safety, security, and trust standards for artificial intelligence (AI) technology, joining the initiative led by Amazon, Google, Microsoft, and others, as concerns about the impact of AI continue to grow.
Oracle stock dropped by 13% after its earnings fell short of AI expectations, with slower cloud sales growth and lower guidance contributing to the disappointment on Wall Street.
Asian shares rally as China announces new measures to support its struggling markets, while investors remain cautious ahead of U.S. jobs and inflation data that could impact interest rates.
Meta has implemented temporary restrictions on search results for keywords related to COVID-19 and other controversial topics on its platform Threads, citing the need to ensure the quality and safety of the results, leading to concerns regarding access to reliable information.
The FDA has warned CVS, Walgreens, and other companies for illegally marketing unapproved eye products, some of which contain silver and can cause the eye to permanently turn gray or blue-gray; multiple eye products have been recalled this year due to harm caused to people, including blindness and infections.
US highway safety regulators are investigating a hidden feature in Tesla's Autopilot software that can disable safety prompts, potentially encouraging unsafe driving behavior.
No Fred Meyer stores in Oregon will be sold off as Kroger and Albertsons seek to merge, selling more than 400 stores to C&S Wholesale Grocers in order to win regulatory approval for the merger.
McDonald's USA plans to eliminate self-serve drink stations at its U.S. locations by 2032 in order to create a consistent customer experience across all ordering points, including dining in person, using the drive-through, or ordering through the company's app.
Social media companies such as Facebook and YouTube are scaling back efforts to combat political misinformation, which is expected to have significant implications for the 2024 presidential election in the US.
Amazon and its board, including Jeff Bezos, are being sued by an institutional investor over the launch contracts awarded to Bezos' space company, Blue Origin, for Amazon's Project Kuiper mega-constellation.
Co-founder of fraudulent cryptocurrency OneCoin, Sebastian Karl Greenwood, has been sentenced to 20 years in a US prison for his involvement in scamming over $4 billion from investors.