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UnitedHealth Stock Pops on Buffett’s Berkshire Share Purchase
UnitedHealth Group shares jumped Friday after Warren Buffett’s Berkshire Hathaway disclosed it had purchased 5 million shares last quarter.

By The Financial District
Aug 22, 20251 min read


SKF Sells Non-Core U.S. Aerospace Business to Carco PRP
Swedish bearings maker SKF said it had agreed to sell its non-core aerospace operation in Elgin, Illinois, to Carco PRP Group for an estimated enterprise value of $70 million.

By The Financial District
Aug 22, 20251 min read


Foxconn’s Apple Era Fades as AI Servers Fuel Taiwan Tech Sector
Taiwan’s Foxconn, once synonymous with assembling millions of iPhones, is no longer primarily an Apple supplier as it pivots to capitalize on the AI boom.

By The Financial District
Aug 22, 20251 min read


AstraZeneca Investing ₱7 Billion to Boost PH Healthcare, Build First Pharma Innovation Hub
AstraZeneca, the multinational pharmaceutical and biotechnology giant, is investing ₱7 billion to strengthen healthcare in the Philippines and establish the country’s first Pharma Innovation Hub.

By The Financial District
Aug 22, 20253 min read


1,600 Ministop Stores in Japan Freeze Deli Sales Over Fake Expiry Dates
Japanese convenience store chain Ministop suspended deli sales at about 1,600 outlets after discovering expiry dates on some foods were falsified.

By The Financial District
Aug 21, 20251 min read


Novo Nordisk Shares Up After Wegovy Gets U.S. Nod for Liver Disease Treatment
Shares in Novo Nordisk rose Monday after the U.S. approved its weight-loss drug Wegovy for treatment of a serious liver condition.

By The Financial District
Aug 21, 20251 min read


ByteDance Launching AI Apps Before TikTok U.S. Sale
In 2024, Congress passed a law requiring TikTok—and any other app owned by its Chinese parent company, ByteDance—to be sold or face a ban in the United States.

By The Financial District
Aug 21, 20251 min read


UK Backs Down in Apple Privacy Row, U.S. Claims
The U.S. director of national intelligence said the UK has withdrawn its controversial demand for Apple to provide access to encrypted user data worldwide.

By The Financial District
Aug 20, 20251 min read


Air Canada Suspends Restart Plans as Union Defies Return-to-Work Order
Air Canada suspended plans to restart operations Sunday after the union representing 10,000 flight attendants said it would defy a return-to-work order.

By The Financial District
Aug 20, 20251 min read


xAI Was Part of U.S. AI Push Until Grok Went Rogue
Earlier this summer, the U.S. government announced that it would clear OpenAI’s ChatGPT, Anthropic’s Claude, and Google’s Gemini AI chatbots for government agency use.

By The Financial District
Aug 20, 20251 min read


U.S. in Talks With Intel Over Potential Government Stake in Chipmaker
The Trump administration is reportedly in discussions with Intel to acquire a stake in the iconic but financially strained chipmaker.

By The Financial District
Aug 20, 20251 min read


Listed Companies Adding Crypto to Their Balance Sheets
A record number of public companies are adding crypto to their balance sheets—ostensibly to diversify holdings, hedge against inflation, and attract new investors.

By The Financial District
Aug 20, 20251 min read


T1, Corning Reach Deal To Make Fully U.S.-Made Solar Panels
U.S. solar company T1 Energy and specialty glass maker Corning have reached a deal to establish a fully domestic solar supply chain, connecting polysilicon, wafers, cells, and panels manufactured in the United States.

By The Financial District
Aug 19, 20251 min read


Cisco Sees Big Opportunities In AI Infrastructure
Cisco Systems beat expectations for the fourth quarter but offered a cautious outlook for fiscal 2026, even as the networking giant sees massive opportunities in artificial intelligence infrastructure.

By The Financial District
Aug 19, 20251 min read


Air Canada, Union Deadlocked Despite Government Plea To Avert Strike
Air Canada and its unionized flight attendants have remained deadlocked despite government pleas for both sides to return to the bargaining table and avoid a strike that could disrupt travel for tens of thousands of passengers.

By The Financial District
Aug 19, 20251 min read


Paramount Skydance Stock Surges After Merger
Shares of the newly merged Paramount and Skydance surged this week amid excitement over the creation of the new media giant.

By The Financial District
Aug 19, 20251 min read


Taylor Swift’s Latest Album Is Music to Some Firms’ Ears
Many companies stand to benefit from Taylor Swift’s newly announced 12th studio album, The Life of a Showgirl.

By The Financial District
Aug 18, 20252 min read


Amazon Takes Aim at Walmart in Grocery Delivery Push
Amazon is pushing into one of the few retail sectors it hasn’t conquered: groceries.

By The Financial District
Aug 18, 20251 min read


Tom Cruise Rejects Trump Invite to Receive Kennedy Center Award
Donald Trump’s plans for Tom Cruise to receive a Kennedy Center Honor didn’t go as expected: Cruise turned it down.

By The Financial District
Aug 18, 20251 min read


CoinDesk Owner Bullish Exceeds IPO Expectations
Cryptocurrency exchange Bullish surged 84% in a strong public debut, signaling continued market appetite for Bitcoin and initial public offerings.

By The Financial District
Aug 18, 20251 min read


Beloved By Bands and Bank Robbers, The Ford Transit Turns 60
Climbing into a 1965 Ford Transit is like stepping into a time capsule on wheels.

By The Financial District
Aug 18, 20252 min read


Kodak Warns It May Shut Down, but Says It Can Still Pay Debt
The more than 130-year-old Eastman Kodak Co. is warning about its ability to continue operations but says it remains confident in meeting upcoming debt obligations.

By The Financial District
Aug 18, 20251 min read


Gerry Cardinale Behind Ellison’s Takeover of Paramount
Skydance Media finally closed its year-long bid to take control of Paramount this week.

By The Financial District
Aug 17, 20251 min read


Toyota Profit Takes A Dive
Toyota’s profit plunged 37% in the April–June quarter.

By The Financial District
Aug 16, 20251 min read
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