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News
Trump Vows to Declare Strait of Hormuz US Territory, Iran Rejects Claim
22+ hour, 59+ min ago (396+ words) US President Donald Trump has said he will “soon” declare the Strait of Hormuz United States territory once Iran is defeated, a claim swiftly rejected by Tehran and introducing a contentious new dimension to stalled ceasefire negotiations. Trump told reporters…...
Standard Chartered Venture Anchorpoint Launches Hong Kong Dollar Stablecoin for Institutions
1+ day, 5+ hour ago (309+ words) A Standard Chartered-led joint venture began institutional use of Hong Kong dollar-backed stablecoins on Wednesday, marking a significant step in the city’s push to establish itself as a global hub for digital assets. Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer,…...
Oracle Stock Falls as AI Spending Concerns Keep Investors on Sidelines
4+ day, 5+ hour ago (371+ words) Oracle Corp. shares have slid in recent trading as renewed uncertainty over the company’s artificial intelligence spending plans prompts investors to hold back, reviving a broader debate about the payoff from heavy technology outlays. The pullback reflects a lack of…...
Bristol Myers Squibb to Build $2.3 Billion Manufacturing Campus in Houston, Texas
5+ day, 15+ hour ago (259+ words) Bristol Myers Squibb has announced plans to construct a $2.3 billion manufacturing campus in Houston, marking one of the pharmaceutical giant’s largest domestic investments as it expands its production footprint in the United States. The new facility will strengthen the company’s…...
Volvo Cars Sales Slip 4% Over Three Months as China Demand Weakens
6+ day, 1+ hour ago (275+ words) Volvo Cars reported a 4% decline in global sales for the three-month period through July, weighed down by softening demand in China and a broader slowdown across key markets. The Swedish automaker, which is majority owned by China’s Geely, has faced…...
El-Sayed and Stevens Square Off in Closely Watched Michigan Senate Primary
6+ day, 14+ hour ago (397+ words) Michigan Democrats head to the polls Tuesday to choose between progressive former public health official Abdul El-Sayed and Representative Haley Stevens in one of the most closely watched primaries of the 2026 midterm election cycle. The contest will determine the party’s…...
Fiserv Shares Slide as Fintech Cuts Outlook, Warns of Possible Revenue Decline in 2026
1+ week, 12+ hour ago (345+ words) Fiserv shares tumbled after the financial-technology company slashed its full-year forecast and warned that organic revenue growth could turn negative in 2026, marking another difficult recalibration for the payments-processing giant. The downbeat guidance rattled investors who had been counting on steady…...
UAE Says Iranian Missile Struck ADNOC Vessel in Strait of Hormuz
1+ week, 19+ hour ago (390+ words) The United Arab Emirates has accused Iran of launching a missile strike against a vessel operated by the Abu Dhabi National Oil Company (ADNOC) in the Strait of Hormuz, marking a sharp escalation in a confrontation that has left one…...
Datadog Stock Falls 14% Despite 36% Revenue Growth as Investors Set a Higher Bar
1+ week, 19+ hour ago (312+ words) The decline reflected a familiar dynamic on Wall Street: a stock that has performed exceptionally well throughout the year faced a demanding threshold, and the company’s beat on analyst forecasts proved narrower than in the prior quarter. Datadog exceeded expectations…...
Broadcom Surges on AI Chip Momentum as Analysts Eye Long-Term Upside
1+ week, 2+ day ago (366+ words) Broadcom shares are climbing to fresh highs as the semiconductor giant rides surging demand for artificial intelligence chips, with revenue from its AI segment expanding at triple-digit rates and converting nearly half of total sales into free cash flow. The…...