Bosch Expands US Footprint with TSI Semiconductors Acquisition
In a strategic move aimed at fortifying its presence in the burgeoning US semiconductor market, Germany’s Bosch Group unveiled its acquisition of California-based chip manufacturer...
Hurricane Idalia Hits Florida Coast, Millions Evacuate, Stocks React
Millions of Florida residents were forced to evacuate and seek refuge in higher ground on Wednesday as Hurricane Idalia, a menacing Category 3 storm, made...
Judge Greenlights Age Discrimination Lawsuit Against X
U.S. District Judge Susan Illston has made a crucial ruling in a legal battle against X, the social media platform formerly known as Twitter, allowing...
Nvidia Faces Rivals’ Surge in AI Chips Race
Nvidia, the tech giant known for its record revenue and remarkable year-over-year growth, finds itself at a pivotal juncture as its grip on the AI...
HP Shares Decline 8% on Profit Alert Amidst Soft PC Demand
Shares of technology behemoth HP (HPQ) experienced a substantial 8% decline during early trading on Wednesday in response to persistent lackluster demand for personal computers,...
J&J Projects 12.5% Annual Profit Growth After Kenvue Spinoff
Healthcare titan Johnson & Johnson (J&J) unveiled its projected annual adjusted profit growth of 12.5% after successfully executing the separation of its consumer health entity,...
Q2 GDP Growth Falls Short of Expectations, Labor Market Cools
The GDP growth for the second quarter (Q2) of 2023 underwent a downward revision on Wednesday, reflecting a dip in business investment that outweighed positive...
Mark Thompson Takes Helm at CNN Under Warner Bros Discovery
In a strategic move aimed at revitalizing a struggling news network, Warner Bros Discovery has announced the appointment of Mark Thompson, former head of The...
Stalled Double Strike in Hollywood Raises Economic Alarms
The ongoing double strike in Hollywood has reached a standstill, as the Writers Guild of America (WGA) rebuffed the studios’ counterproposal, citing a failure to...
US Economy – Strong Q2 Growth Amidst Rising Borrowing Costs
The US economy demonstrated its tenacity in the face of escalating borrowing costs for consumers and businesses, expanding at an annual rate of 2.1% from...
