Bob Iger and Josh Kushner buy LA Lakers from Mark Walter at $12.5 billion valuation
Former Disney CEO Bob Iger and venture capitalist Josh Kushner acquire the NBA franchise from Guggenheim's Mark Walter in a record-setting deal.
Fortune · +14 outlets
US CPI inflation rises 0.1% in July, annual rate at 3.4% as expected
July consumer price index data came in line with expectations, supporting bets that the Fed will hold interest rates steady.
US Top News and Analysis · +14 outlets
CoreWeave gains 19% after revenue doubles on surging AI demand, raises guidance
The AI cloud company's strong quarterly results and fundamentals helped counter bearish arguments about AI chip obsolescence and capex sustainability.
US Top News and Analysis · +14 outlets
Trump sued over early access sales of Truth Social posts via API
A lawsuit in Manhattan alleges Trump Media's sale of faster access to Truth Social posts for up to $100,000 a month is 'profoundly corrupt' and could move finan
US Top News and Analysis · +14 outlets
Wall Street rises near record as AI stocks climb and inflation worries ease
Major U.S. stock indexes edged higher, driven by AI-linked earnings optimism and a tame CPI inflation reading that reinforced expectations for a Fed pause.
washingtonpost.com · +9 outlets
Karoline Leavitt resigning as White House press secretary
Trump announced that the youngest White House press secretary in history is stepping down at the end of the month to spend more time with her family.
US Top News and Analysis · +14 outlets
Cisco reports record AI-driven results, revenue surges 18%, but stock pulls back
Cisco's blowout quarter and 2027 forecast fueled by an AI 'supercycle' were not enough to sustain the stock's upward momentum.
MarketWatch.com · +9 outlets
Nvidia's $500 billion financing deal threatens Alphabet's custom chip ambitions
Nvidia plans to help fund AI buildout with major Wall Street players, raising concerns among investors about competitive pressure on Alphabet's in-house chip ef
MarketWatch.com · +4 outlets
Nebius surges 34% and powers past estimates as customers race for AI computing
Nebius joined CoreWeave in a neocloud rally after upbeat earnings underscored insatiable demand for AI infrastructure.
US Top News and Analysis · +3 outlets
Google Pixel 11 launched with Gemini at center of AI phone battle with Apple
Google's new flagship phone debuts weeks before Apple's planned Siri rebuild using Gemini AI models.
US Top News and Analysis · +1 outlets
Meta and Nvidia plant 'very firm flag' in open-weight AI race led by Chinese labs
With China dominating the market for open-weight models, US tech giants are intensifying efforts to compete.
US Top News and Analysis · +2 outlets
Cerebras stock plunges 14% despite better-than-expected revenue and raised guidance
The AI chip company's second earnings report since its IPO failed to satisfy investors despite beating revenue estimates.
US Top News and Analysis · +13 outlets
US budget deficit surged in July to highest level since March 2021
The deficit over the first 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.
US Top News and Analysis · +14 outlets
China's COMAC C919 makes first scheduled international commercial flight
The Chinese-made jet marks a milestone in the country's effort to challenge the Boeing-Airbus duopoly in commercial aviation.
US Top News and Analysis · +14 outlets
Google falsely declared Sam Altman dead in search results, likely due to Wikipedia vandalism
OpenAI CEO Sam Altman was incorrectly listed as deceased on Google, with vandalized Wikipedia sources suspected as the cause.
All Content from Business Insider · +1 outlets
AI build-out complicates Fed's inflation fight, CNBC reports
Tech leaders say AI will reduce costs long-term, but data center investment is creating short-term inflation that complicates Fed policy.
Economy · +2 outlets
Saudi Arabia ramps up oil exports via Mediterranean pipeline to avoid Red Sea attacks
Oil shipments through Egypt's Sidi Kerir port have more than doubled as Saudi crude bypasses Houthi-threatened routes.
US Top News and Analysis · +14 outlets
SpaceX stock rebounds more than 40% off low, short sellers squeezed
Short interest in SpaceX fell sharply from 34% to about 11% as the stock rallied, with added momentum from Grok-fueled AI business optimism.
US Top News and Analysis · +4 outlets