Business

SpaceX’s patch for the KF-01 mission illustrates a Falcon 9 rocket with a batch of Kuiper broadband satellites inside its payload fairing. Credit: SpaceX Vulcan, Ariane 6, and New Glenn have all now launched successfully, but none of them have yet demonstrated the ability to launch more than twice a year. Vulcan and Ariane 6 appear to be on track …

US companies in China decry overproduction as price war hits profits  Financial TimesView Full Coverage on Google News Source link

US House votes to move forward with stablecoin GENIUS, crypto market structure bills following tumultuous procedural vote  The Block Crypto bills stall again on House floor  Politico Trump says crypto regulation bills that failed to advance earlier now have the votes to move forward  CNBC Genius Act, Clarity Act, Crypto Week, and Why It All Matters  Barron’s Republicans declared it ‘crypto’ week in the …

Key Takeaways Netflix’s second-quarter results are due out after the closing bell Thursday. Analysts expect the streamer to post substantial growth year-over-year in both revenue and profit. Analysts will be watching for the impact of higher subscription prices and Netflix’s new first-party advertising platform. Netflix (NFLX) is scheduled to report second-quarter results after the closing bell Thursday, with analysts largely …

Mark Zuckerberg proclaimed that Meta would spend hundreds of billions of dollars on developing artificial intelligence products in the near future and, to that end, construct a data center planned to be nearly the size of Manhattan. The parent company of Facebook, Instagram and WhatsApp is among the large tech companies that have struck high-profile deals, and doled out multimillion-dollar …

The chief executive of Guinness-owner Diageo has stepped down with immediate effect, the drinks giant has announced. In an unusual move for a big corporation, Debra Crew has left her role without a succession plan in place. The firm is looking for a replacement, and in the meantime chief financial officer Nik Jhangiani will take on her role. Diageo has …

As Apple’s stock trades down double digits since the start of the year, market onlookers are hoping its next earnings call will show strength and dispel doubts about Tim Cook’s leadership. The iPhone maker has faced pressure across the board since the start of the year, especially as President Donald Trump’s tariffs threaten its Asia supply chain. At the same …

Scale AI just laid off approximately 200 full-time employees (14% of its 1,400-person workforce) and 500 contractors, according to the company. This comes after Meta invested $14 billion into Scale AI last month as part of a blockbuster AI deal that included the hiring of Scale’s ex-CEO, Alexandr Wang, to lead its new Superintelligence group and the purchase of equity in almost …

President Donald J. Trump’s visit to Pennsylvania yesterday — which showcased an unprecedented $92 billion commitment to cutting-edge AI and energy initiatives — ignited widespread acclaim for the Trump Administration’s vision as the catalyst for unparalleled growth and opportunity. Blackstone President and COO Jon Gray: “I want to start by thanking President Trump for recognizing the importance of American leadership …

Rare earth elements appear to be behind Nvidia’s stance on China.  After announcing in June plans to essentially withdraw from the Chinese market, the semiconductor chip and AI giant reversed course and said it was filing an application to restart sales of its H20 AI chip to China. U.S. Commerce Secretary Howard Lutnick said Tuesday that Nvidia’s plans to start selling …