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Business

Blackstone Shatters Records with a 32.7% Revenue Surge to $3.7 Billion in Q2

Blackstone Inc. reported a 32.7% revenue increase to $3.7 billion in Q2 2025, with net income up 71.5% to $1.6 billion. The company also announced a $1.03 dividend per share and re...

Business

American Airlines Reports a 16% Drop in Q2 Net Income Amidst Rising Operational Revenues

American Airlines announced a 16.4% drop in Q2 net income to $599M, despite a slight revenue increase to $14.4B. The company forecasts an adjusted loss per share for Q3 and faces u...

Business

Exclusive: Over $1B in Nvidia's AI Chips Illegally Trafficked to China Despite US Sanctions

Advanced Nvidia AI chips worth over $1 billion have been smuggled into China post-US export controls, with the B200 chip being highly sought after in the black market. Nvidia denie...

Business

UnitedHealth Under DOJ Scrutiny: Allegations of Medicare Fraud Surface

UnitedHealth Group faces a DOJ probe over potential Medicare fraud, asserting its compliance and accuracy record while initiating third-party reviews for transparency.

Business

US Commerce Secretary Demands TikTok's US Control or Shutdown Over National Security Concerns

US Commerce Secretary Howard Lutnick insists TikTok must be under US control or face shutdown, citing national security concerns over Chinese ownership. A decision hinges on Beijin...

Business

Tesla Shares Plunge 9% Amid Q2 Earnings Miss and Political Tensions

Tesla's shares fell more than 9% after reporting Q2 earnings that missed expectations, with a 12% revenue decline to $22.5 billion. Political tensions between Elon Musk and Preside...

Business

LVMH Faces a Challenging First Half: Revenue Drops 4% to €39.8 Billion Amid Luxury Market Slowdown

LVMH reports a 4% drop in H1 revenue to €39.8 billion, with profits also declining. Selective retailing grew by 2%, while wines and spirits and fashion sectors fell. CEO Arnault em...

Business

Breaking: OpenAI Announces the Launch of GPT-5 This August - What to Expect

OpenAI is set to release GPT-5 in August, marking a significant advancement in AI technology. This article explores the implications and expectations surrounding this highly antici...