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Business

Apple Unveils Bold $500M Investment in US Rare-Earth Sector to Strengthen Domestic Supply Chain

Apple is investing $500 million in MP Materials to boost the US rare-earth supply chain, including manufacturing and recycling facilities, aligning with efforts to reduce foreign d...

Business

JPMorgan Chase Reports an 11% Drop in Q2 Revenue to $44.9 Billion, Beats Expectations

JPMorgan Chase & Co. announced an 11% decline in Q2 revenue to $44.9 billion for fiscal 2025, outperforming expectations. Despite a 17% drop in net income and a 14% decrease in dil...

Business

Google Unveils $25 Billion Plan to Boost US Data Centers and AI Infrastructure

Google announces a $25 billion investment in US data centers and AI infrastructure, including $3 billion for hydropower plant refurbishments in Pennsylvania, to meet growing power ...

Business

Wells Fargo Reports Modest Q2 Revenue Growth Amid Slight Net Income Dip

Wells Fargo announced a 1% revenue increase to $20.8 billion in Q2 2025, with a slight net income dip to $5.5 billion. EPS rose by 20.3% to $1.60. CEO Scharf emphasized progress in...

Business

ICICI Lombard Reports a Stellar 28% Jump in Q1 Net Profit to Rs 747 Crore, Thanks to Robust Capital Gains

ICICI Lombard reports a 28% rise in Q1 net profit to Rs 747 crore, driven by higher capital gains and improved returns on equity, despite modest growth in gross direct premium inco...

Business

CoreWeave Announces Groundbreaking $6B Investment for Cutting-Edge AI Data Hub in Pennsylvania

CoreWeave Inc. plans a $6 billion investment to build a state-of-the-art AI data center in Lancaster, PA, starting at 100 MW with potential to expand to 300 MW, aiming to meet the ...

Business

Exclusive: Tesla's North America Sales VP Troy Jones Exits After 15 Years Amid Executive Shakeup

Tesla's North America Sales VP Troy Jones leaves after 15 years, part of a series of executive departures. The company faces challenges from competition and brand pressure, focusin...

Business

Citigroup Surges Ahead: Q2 Revenue Climbs 8% to $21.7 Billion Amid Strategic Transformations

Citigroup Inc. announced an 8% increase in Q2 revenue to $21.7 billion, with net income up by 25% to $4 billion. The bank also reported significant growth in EPS and ROTCE, alongsi...