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Perplexity Bids $34.5-B For Google Chrome, Awaits Judge’s Verdict
Artificial intelligence start-up Perplexity AI has offered Alphabet $34.5 billion to buy Google’s Chrome browser.

By The Financial District
Aug 141 min read


CoinDesk Owner Bullish Starts Trading
Bullish, the company that owns crypto news and data site CoinDesk, began trading this week, with a higher valuation than expected.

By The Financial District
Aug 141 min read


Two Kevins Lead Potential Bets to Replace Fed Chief Jerome Powell
President Donald Trump has narrowed his list of potential replacements for Federal Reserve Chairman Jerome Powell, telling reporters that “the Two Kevins” are among the leading contenders.

By The Financial District
Aug 141 min read


Lithium Stocks Soar After CATL Shutters Mine in China
Lithium stocks surged early in the week after the world’s largest EV battery maker announced it would close one of the world’s largest lithium mines in China, sending lithium prices sharply higher.

By The Financial District
Aug 141 min read


Trump Bid For Cut in Chip Revenues Runs Afoul of the Constitution: Experts
The revenue-for-exports deal between the U.S. government and two of the world’s biggest chipmakers opens a new front in a trading regime upended by Donald Trump.

By The Financial District
Aug 142 min read


EU Leaders Say Ukraine Should Be Free To Decide Its Own Future
Ukrainians must have the freedom to determine their own future, European Union (EU) member states said Tuesday, weighing in ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin.

By The Financial District
Aug 141 min read


CoreWeave Shares Fall 10% As Margins Are Squeezed
CoreWeave stock dropped 10% to about $133 on Tuesday after the AI cloud computing company delivered a weak earnings outlook with thinner-than-expected profit margins.

By The Financial District
Aug 141 min read


U.S. Economic Growth Is Losing Steam
America’s gross domestic product (GDP) officially grew at a 3% annual rate in the second quarter, after decreasing by 0.5% in the first quarter.

By The Financial District
Aug 142 min read


CATL Shuts Down China Lithium Mine For 3 Months
Battery giant Contemporary Amperex Technology Co. Ltd. (CATL) has suspended production at a major lithium mine in China’s Jiangxi province for at least three months.

By The Financial District
Aug 142 min read


U.S., China Extend Tariff Truce By 90 Days as Trump Doesn’t Get His Way
The United States and China have extended a tariff truce for another 90 days, staving off triple-digit duties on each other’s goods as U.S. retailers prepare to ramp up inventories ahead of the critical end-of-year holiday season.

By The Financial District
Aug 142 min read


Dozens Hurt as Blast Rips Through U.S. Steel Plant In Pennsylvania
An explosion Monday at a U.S. Steel plant near Pittsburgh left dozens wounded and people trapped under rubble, with emergency workers on site attempting rescues.

By The Financial District
Aug 141 min read


Trump Places Washington, D.C., Cops Under Federal Control
President Donald Trump is promising new steps to tackle homelessness and crime in Washington, including the deployment of the National Guard, prompting the city’s mayor to protest and question who will be patrolling the streets of the nation’s capital.

By The Financial District
Aug 141 min read


Markets Shake Off Tariff Fears, But Fed Says There’s No Swift Fix For Woes
The S&P 500 and Nasdaq hit record highs this week after monthly inflation data signaled that sweeping tariffs aren’t causing a major spike in consumer prices, boosting hopes the Federal Reserve may soon start cutting interest rates.

By The Financial District
Aug 141 min read


Exemption Lets Canadian, Mexican Goods Enter U.S. Tariff-Free
U.S. President Donald Trump raised tariffs on Canadian goods to 35% last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties.

By The Financial District
Aug 142 min read


Conglomerates Push PSE Index
Conglomerates pushed up the Philippine Stock Exchange (PSE) index Wednesday as foreign investors played a big role in picking up big-ticket shares, resulting in a 35.24-point, or 0.56 percent, rise to 6,325.09 points.

By The Financial District
Aug 142 min read


Apollo 13 Moon Mission Leader James Lovell Dies At 97
James Lovell, the commander of Apollo 13 who helped turn a failed moon mission into a triumph of on-the-fly engineering, has died at the age of 97.

By The Financial District
Aug 122 min read


Israel Brags About Killing Al Jazeera Journalists In Gaza
A prominent Al Jazeera journalist, who had previously been threatened by Israel, was killed along with four colleagues in an Israeli airstrike on Sunday in an attack condemned by journalists and rights groups.

By The Financial District
Aug 122 min read


Standard Chartered CEO Works At the Office Only Four Days A Week
Standard Chartered CEO Bill Winters is standing out in the global banking sector by maintaining a flexible hybrid work policy and resisting the rigid office mandates now sweeping Wall Street.

By The Financial District
Aug 122 min read


Palantir Books First $1 Billion In Quarterly Sales
Shares of Palantir Technologies hit fresh record highs Tuesday after the company booked its first $1 billion sales quarter and raised its full-year performance outlook.

By The Financial District
Aug 121 min read


NFL, ESPN Reach Nonbinding Deal For Sale of NFL Network, Other Assets
Nearly five years after the NFL announced it was looking to sell NFL Network and other media assets, ESPN—long seen as a top contender—has a framework deal in place.

By The Financial District
Aug 121 min read


Abbott Asks Texas Supreme Court To Oust House Democratic Chair Gene Wu
Gov. Greg Abbott has asked the Texas Supreme Court to remove House Democratic Caucus Chairman Rep. Gene Wu of Houston—just hours after Attorney General Ken Paxton issued a similar threat.

By The Financial District
Aug 121 min read


Motorola To Benefit From Strong Tech Sales In Q2
Motorola Solutions, Inc. (MSI) is scheduled to report second-quarter 2025 results.

By The Financial District
Aug 121 min read


Analyst Says Status Of U.S. Workers Won’t Improve In Next 5 Years
As the U.S. labor market shows clear signs of stalling, one of Wall Street’s leading strategists is sounding a sharp warning.

By The Financial District
Aug 121 min read


Putin Tells Trump: Be Careful With Your Nuke Sub Threats
The Kremlin has urged Donald Trump to be extremely “careful” after the American president said he had ordered two nuclear submarines to be repositioned in response to statements made by former Russian president Dmitry Medvedev.

By The Financial District
Aug 121 min read
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