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Broadcom Stock Soars as Its AI Chips Challenge Nvidia
Broadcom stock surged more than 9% to a record high last week after quarterly results showed its AI chips are emerging as a serious alternative to Nvidia’s.

By The Financial District
Sep 16, 20251 min read


Chinese Pre-Orders for Apple’s iPhone 17 Break Records
Pre-order sales of Apple’s new iPhone 17 series have broken records in China, despite delays in the release of the iPhone Air.

By The Financial District
Sep 16, 20251 min read


Hitachi Opens $100-M Railcar Plant Near Washington
Japanese conglomerate Hitachi Ltd. has formally opened a $100 million factory in Maryland, with the new facility capable of producing 20 railcars per month.

By The Financial District
Sep 15, 20251 min read


Nebius Leaps After $17.4 Billion AI Computing Deal with Microsoft
Nebius Group shares surged 41% to $90.30 on Tuesday as investors cheered its $17.4-billion agreement to supply AI infrastructure to Microsoft over five years.

By The Financial District
Sep 15, 20251 min read


TSMC to See "Operational Risk" as U.S. Nixes China Chip Equipment Waiver
Taiwan Semiconductor Manufacturing Co. (TSMC)’s facility in Nanjing faces “operational risk within months” after the U.S. government revoked its authorization to freely ship essential equipment to China.

By The Financial District
Sep 15, 20251 min read


Klarna’s $17-B IPO Turns 40 Staffers Into Overnight Millionaires
Klarna made its New York Stock Exchange debut this week, sending its market cap soaring to $17 billion and propelling around 40 staffers into millionaire status overnight.

By The Financial District
Sep 15, 20251 min read


Elon Musk’s $500,000 Optimus Robot Flunks Test
The latest video of Tesla’s “Optimus” robot—touted as a pillar of the company’s future—shows the humanoid struggling to function for nearly a full minute.

By The Financial District
Sep 12, 20251 min read


Wegovy Maker Novo Nordisk to Cut 9,000 Jobs
Danish pharmaceutical company Novo Nordisk, maker of the weight-loss drug Wegovy, said it will cut 9,000 jobs — 5,000 of them in Denmark — to sharpen its focus on growth opportunities in obesity and diabetes medications.

By The Financial District
Sep 12, 20251 min read


Larry Ellison Briefly Overtakes Elon Musk as World’s Richest Person
Oracle founder Larry Ellison briefly became the world’s richest person after shares of his company surged more than 30% at the open.

By The Financial District
Sep 12, 20251 min read


Hyundai Raid Shatters Trump’s Factory Push
The Trump administration hailed last week’s raid at a Hyundai-LG car battery plant under construction in Georgia as a labor victory.

By The Financial District
Sep 12, 20251 min read


Chinese Battery Maker CATL Expects Hungarian Production to Start Next Year
Chinese battery maker CATL’s new plant in Hungary is expected to begin production by early next year, its general manager for Europe said Sunday, as the company expands in the region.

By The Financial District
Sep 11, 20251 min read


Dollar Stores Attract Well-Heeled Americans Looking to Save
To understand how Americans are coping with economic uncertainty, just look at dollar stores.

By The Financial District
Sep 10, 20251 min read


Tesla’s U.S. Market Share Drops to Lowest Level Since 2017
Tesla’s U.S. market share fell to its lowest point in nearly eight years in August, as buyers opted for electric vehicles (EVs) from a growing roster of rivals over the company’s aging lineup.

By The Financial District
Sep 10, 20251 min read


‘Denim Is Having a Moment’ as Buyers Flock to Sturdy Apparel
The hottest trend in the apparel world right now is a classic American staple — denim.

By The Financial District
Sep 10, 20251 min read


ASML Is Now Mistral AI’s Biggest Shareholder
ASML, a crucial supplier of advanced chipmaking equipment, is set to become the top shareholder of French artificial intelligence (AI) startup Mistral AI in a move to strengthen European tech sovereignty.

By The Financial District
Sep 10, 20251 min read


Microsoft Cloud Services Disrupted by Red Sea Cable Cuts
Microsoft’s Azure cloud services faced disruptions due to undersea cable cuts in the Red Sea.

By The Financial District
Sep 10, 20251 min read


Google won’t be Forced to Sell Chrome, Judge Rules
Google won’t be forced to sell Chrome after a federal district judge ruled divestment a “poor fit” in a landmark antitrust case, though the company will have to share data that helped it maintain its search monopoly.

By The Financial District
Sep 8, 20251 min read


Suntory Chairman Takeshi Niinami Steps Down After Probe on Supplement
Suntory Holdings Ltd. Chairman and CEO Takeshi Niinami has stepped down amid an ongoing investigation into the alleged purchase of a dietary supplement suspected of being illegal in Japan.

By The Financial District
Sep 8, 20251 min read


U.S. Scraps TSMC’s Waiver for Shipments of Chips to China
The US has revoked Taiwan Semiconductor Manufacturing Co.’s authorization to freely ship essential gear to its main Chinese chipmaking base, potentially curtailing production capabilities at that older-generation facility.

By The Financial District
Sep 8, 20251 min read


Texas Tesla Axes Contractor at Giga Texas, 82 Workers Laid Off
Tesla abruptly terminated its contract with MPW Industrial Services at Gigafactory Texas, leaving 82 employees jobless overnight.

By The Financial District
Sep 8, 20251 min read


Giorgio Armani, Who Dressed the Powerful and Famous, Dies at 91
Giorgio Armani, the iconic Italian designer who turned understated elegance into a multibillion-dollar fashion empire, has died, his fashion house confirmed. He was 91.

By The Financial District
Sep 6, 20251 min read


Ford Recalls 500,000 Vehicles Over Brake Issue
Ford is recalling nearly 500,000 vehicles due to a brake defect that could increase crash risk.

By The Financial District
Sep 6, 20251 min read


Wall Street Analysts, Investors Split on Aramco
Saudi Aramco shares have sunk to record lows, but Wall Street analysts remain bullish. Of the 19 banks actively covering the oil giant, 13 — including Bank of America, Citigroup, Goldman Sachs, and JPMorgan — rate the stock a buy.

By The Financial District
Sep 5, 20251 min read


Massive Liquidations Hit Trump Family’s Crypto on Labor Day Launch
World Liberty Financial (WLF), a DeFi project co-founded by former President Donald Trump and his sons Donald Jr., Eric, and Barron, faced major liquidations on its Labor Day token launch.

By The Financial District
Sep 5, 20251 min read
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