Browsing: Business

Microsoft reaffirmed its partnership as OpenAI expands infrastructure and transitions corporate governance to a nonprofit-controlled benefit corporation.

Oracle stock soared 38% after its bold AI cloud forecast. With a $144B revenue target and 37 new datacenters, it’s redefining enterprise infrastructure.

Manufacturing layoffs rise as American factories face monthly cost hikes due to tariffs, driving up unemployment and stalling wage growth.

U.S. officials detained 475 workers at Hyundai’s Georgia battery plant, pausing construction and prompting South Korea to arrange repatriation flights.

Semiconductor companies face U.S. tariffs unless they shift production to American soil, Trump announced at a tech executive dinner.

John Deere faces $600M in tariff costs and falling demand, prompting layoffs and a lower profit forecast as farm equipment sales continue to decline.

Macy’s stock surged 20% after it reported surprise sales growth and exceeded earnings estimates in Q2, raising its full-year revenue forecast.

India, Russia, China and others forge stronger partnerships after Trump’s tariff moves, accelerating a realignment in global trade leadership.

Alibaba shares surged 19% after cloud unit revenue jumped 26% and reports confirmed its push to develop a domestic AI chip amid U.S. tech restrictions.

U.S. spirits giant Brown-Forman reported a sharp 62 percent decline in Canadian sales of its flagship brand Jack Daniel’s, attributing the drop…