Archive snapshot · Business
Thu, Aug 27, 8:11 PM ET
Nvidia reports Q2 revenue of $96B, forecasts 70% sales growth for current year, crushing Wall Street targets
Nvidia's blowout quarter and first-ever year-ahead forecast of 70% growth sent shares up in after-hours trading and reinforced investor confidence in sustained
Fortune · +7 outlets
Nvidia reportedly in talks to acquire Hugging Face for over $13B
Nvidia's potential acquisition of the open-source AI platform would be its largest deal yet, deepening its role in the AI ecosystem beyond chips.
All Content from Business Insider · +3 outlets
Meta settles social media addiction lawsuit with states for $16.7B-$18B
The landmark settlement removes a major legal overhang for Meta but critics question whether it will meaningfully address teen mental health concerns.
US Top News and Analysis · +4 outlets
Salesforce shares jump 12% on AI growth and Anthropic investment gain, Benioff dismisses 'SaaSpocalypse'
Salesforce's strong earnings and expanded partnership with Anthropic helped fuel a stock surge as CEO Marc Benioff pushed back against fears of a SaaS downturn.
US Top News and Analysis · +3 outlets
CrowdStrike shares surge 11% on record Q2 as AI threat boosts cybersecurity demand
CrowdStrike's best quarter in history demonstrates that frontier AI is driving demand for advanced security tools rather than disintermediating cybersecurity fi
US Top News and Analysis · +2 outlets
Fed's preferred inflation gauge shows core PCE rose 3.3% annually in July
The inflation reading comes ahead of the Jackson Hole symposium and keeps pressure on the Fed as it weighs the path for interest rates.
Economy · +2 outlets
Z.ai shares surge 8% after releasing new AI model running only on Chinese chips
The Chinese AI startup's model running on domestic chips sparked celebration on Chinese social media and highlights progress in China's semiconductor self-suffi
US Top News and Analysis · +2 outlets
Fed Gov Lisa Cook's lawyer fires back at Trump's renewed threat to oust her, denies mortgage fraud
The escalating dispute tests the independence of the Federal Reserve after the Supreme Court left Trump a path to attempt removal.
US Top News and Analysis · +2 outlets
Anthropic and Nscale strike $45B cloud deal for compute capacity
The massive infrastructure deal underscores the enormous capital requirements for leading AI labs as they race to scale frontier models.
US Top News and Analysis · +1 outlets
Bill Gates warns governments have no plan for AI-driven upheaval to jobs and society
Gates' warning adds to growing concern among policymakers about AI's potential to displace workers and strain social safety nets without adequate preparation.
US Top News and Analysis
Apple sets iPhone launch event for Sept. 9, first under new CEO John Ternus
Analysts expect the company to unveil new iPhones and Apple Watches including its first folding phone at the event.
US Top News and Analysis · +1 outlets
Okta shares pop 20% after topping estimates as AI threat spikes demand for identity security
Okta's strong quarter with new products accounting for 30% of bookings shows the AI threat is driving enterprise spending on identity and access management.
US Top News and Analysis · +1 outlets
SpaceX building its largest spaceport yet in Louisiana with $100B commitment
The massive investment plan adds to Elon Musk's expanding portfolio of billion-dollar infrastructure projects aimed at interplanetary travel.
Fortune · +1 outlets
Google DeepMind losing top AI talent to rivals as share of elite hires in Europe falls sharply
New data shows DeepMind's grip on elite AI researchers is slipping as OpenAI, Anthropic and startups poach its talent.
Fortune · +1 outlets
Fed, NASA and DOJ among victims of Chinese state-sponsored hacker group, court documents say
The hacking campaign targeted hospitals, power companies, telecoms and defense contractors in a broad espionage operation.
US Top News and Analysis
China industrial profits growth cools to slowest in seven months
Soft demand and a broader economic slowdown weighed on Chinese manufacturers in July, adding to concerns about the country's recovery.
US Top News and Analysis · +1 outlets
Bank of Korea delivers back-to-back rate hikes, raising key rate to 3%
The rate hike to the highest level since January 2025 reflects persistent core inflation pressures in Asia's fourth-largest economy.
US Top News and Analysis · +1 outlets
Europe's gas stores running low, prices could top 100 euros this winter
Disrupted Middle East LNG flows have left European gas storage at historically low levels for this time of year, raising risks of an energy price crisis.
US Top News and Analysis

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