China Rejects US Forced Labour Allegations Over Xinjiang
The ministry said the measures disrupt global supply chains, harm the legitimate interests of Chinese companies and amount to economic coercion.
Business
Chevron, Exxon Post Higher Profits On Rising Crude Prices
Chevron's net income climbed to $12 billion, nearly four times higher than a year earlier, while adjusted earnings exceeded Wall Street expectations.
Why Did Amazon Shares Surge While Apple Stock Fell
The contrasting performances highlight Wall Street's growing focus on artificial intelligence
Mamdani Announces City-Run Grocery Stores Will Offer 30% Discount. Critics Say It Will Crush Local Businesses.
Mamdani’s office noted that the basket of goods “will include all fresh produce, meat and seafood, along with roughly 20 additional categories of pantry staples, dairy and refrigerated goods.”
Labor Department Reports Modest Rise In Unemployment Claims
The previous week's figure was revised upward to 188,000, while the four-week moving average, which smooths short-term fluctuations, declined to 202,750.
What Caused The US Economy To Miss Growth Expectations
Gross domestic product grew at an annualized rate of 1.5% between April and June, below both the previous quarter's 2.1% pace and economists' forecasts
Yum Reports Strong Quarter As Taco Bell Faces Health Scare
The positive results came before a Cyclospora outbreak sickened more than 1,900 people across nine states, with nearly 100 hospitalizations reported.
AI Spending Drives Sharp Split Between Microsoft And Meta
Microsoft exceeded expectations with strong quarterly revenue and 43% growth in its Azure cloud business.
Apple Partners With Klarna For Monthly Device Leasing
The report said AppleCare+ is no longer bundled with the financing plan and must be purchased separately. Customers will also manage their leases through the Klarna app.
Pentagon Faces Scrutiny From Elizabeth Warren Over High-Paid Private Sector Hiring
Defense Department launched the Business Operators for National Defense program to bring business expertise into military contracting and investment decisions.
China Rejects Western Claims Of Industrial Overcapacity
The report said China's Commerce Ministry maintained that the country has never pursued a large trade surplus as a policy objective and dismissed claims of a so-called "China shock 2.0" as unsupported by evidence.
UEFA Rejects FIFA's Plan To Sell Stakes In World Cup Business
The report said the proposed entity, FIFA Forward Enterprise, aims to raise up to $4.2 billion by selling minority, non-controlling stakes to long-term investors
How Is Anthropic Growing Faster Than Starbucks And McDonald's
Anthropic and OpenAI are together on track to generate about $120 billion in annualized revenue, based on data cited from AI investment research platform Funda
Boeing Takes Fresh Hit From Delayed Air Force One Program
Boeing recorded a $280 million charge on the project to deliver two next-generation Air Force One aircraft to the U.S. government
YouTube And NBCUniversal Strike Major Streaming Deal
Subscribers will be able to watch Peacock content directly within YouTube without switching platforms
CEO Behind Cracker Barrel Rebrand Exits Company
Masino came under scrutiny after Cracker Barrel introduced a redesigned logo in 2025 that removed the image of founder Dan Evins' Uncle Herschel from its branding