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Business

Breaking: US House Passes Landmark CLARITY Act to Shape Future of Crypto Market

The US House has passed the CLARITY Act, a groundbreaking bill to regulate the cryptocurrency market, with strong support from President Trump. The act seeks to define the SEC's ro...

Business

Netflix Surges Ahead: Q2 Revenue Hits $11.08B with 15.9% Growth Amid High Expectations

Netflix reports a 15.9% increase in Q2 2025 revenue to $11.08B, meeting market expectations. Operating income jumps 45% to $3.77B, with EPS at $7.19. The company raises its 2025 re...

Business

GE Aerospace Soars with a 21% Revenue Jump to $11B in Q2 2025, Beating Expectations

GE Aerospace reports a 21% increase in Q2 2025 revenue to $11B, surpassing expectations with a 65% profit jump to $2.39B and a 56% rise in EPS to $1.87. CEO Lawrence Culp, Jr. high...

Business

Jaguar Land Rover Announces Major Job Cuts in UK Amid Trump Tariff Challenges

Jaguar Land Rover announces up to 500 job cuts in the UK, attributing the decision to challenges from US tariffs. The company also reports significant sales declines, while the Bri...

Business

Uber's $300M Boost Propels Lucid Shares Skyrocketing 50% in Robotaxi Venture

Lucid Group shares skyrocketed over 50% after Uber's $300M investment in a new robotaxi initiative, partnering with Nuro to deploy 20,000 autonomous vehicles, with services expecte...

Business

Abbott Labs Reports Stellar 7.4% Sales Growth to $11.14 Billion in Q2 2025

Abbott Laboratories announces a 7.4% sales increase to $11.14 billion in Q2 2025, with operating earnings up by 23% and net earnings growing by 36.7%. CEO Robert B. Ford highlights...

Business

US Business Inventories Hold Steady in May, Showing Resilience Amid Economic Fluctuations

US business inventories remained unchanged in May at $2,656.7 billion, showing resilience. A 1.7% year-over-year growth was observed, with a slight decline in the inventories/sales...

Business

Wells Fargo Halts Employee Travel to China Amid Mysterious Exit Ban on Staff Member

Wells Fargo has suspended all staff travel to China after an employee, Chenyue Mao, was barred from leaving the country by Beijing. The reasons for the exit ban remain unclear, wit...