China's Moonshot AI Releases Model to Challenge Top U.S. Systems
The company says its model outperforms some cutting-edge U.S. systems, the latest sign that Chinese labs can rival American counterparts in critical technology frontiers.
----
Meta Plans to Hire Top Amazon Computing Executive as it Weighs Cloud Push
Dave Brown, one of the most senior executives at Amazon Web Services, will bring his nearly two decades of experience to the social-media giant.
----
Databricks Set to Hit $188 Billion Valuation With New Investment From Coatue
The startup's valuation jumps 40% as the AI boom has driven demand for its data-analytics software.
----
Netflix Revenue and Profit Increase, but the Company Expects Growth to Slow
The streamer said it would begin to release its viewership report annually, rather than twice a year.
----
Volvo Car Expects Sales to Strengthen on European Growth, U.S. Recovery
Volvo Car expects growth in Europe and a recovery in the U.S. to spur significantly stronger sales in the second half of the year, despite continued challenges in China.
----
Sweden's EQT Expects Strong Fundraising Momentum as It Posts Higher Net Profit
The buyout group reported rises in net profit and revenue for the first half aided by higher fee-generating assets.
----
Micron has turned into 'the most important stock in the market.' So is it time to worry?
While investors are concerned about a memory peak, analysts say the stock still looks cheap relative to various earnings scenarios.
----
Celebrity-Backed Indonesia Coffee Chain Meets Banks for Potential IPO
Kopi Kenangan that counts Serena Williams and Jay-Z among its investors has held talks with banks to explore a potential listing that could value it at up to $1.0 billion, people familiar with the matter said.
----
Parasitic Outbreak Linked to Taylor Farms Lettuce Supplied to Taco Bell
Thousands of people have been sickened across five states.
----
Verizon to Cut About 3,000 Jobs, Divest Itself of Some Retail Stores
The company plans to divest itself of 274 of its retail stores to franchise owners. Most of Verizon's layoffs would come from the retail-store divestiture.
----
Alcoa Cuts Production Guidance, Says Alumina Prices Stable Despite Iran War
Alcoa cut its full-year alumina guidance, citing issues at its Pinjarra, Australia refinery, and said alumina prices remained stable despite uncertainty about global shipments driven by the war in Iran.
----
Honda Will Stop Selling Its Lone Electric Vehicle in the U.S.
Sales of the Prologue, an electric SUV, will end this year amid a pivot to hybrids.
----
Chinese Automaker XPeng Unveils L03 SUV in Munich, Steps Up Overseas Expansion
Unveiling marks the company's first global vehicle launch outside China as it steps up expansion in Europe and other overseas markets amid intensifying competition at home.
(END) Dow Jones Newswires
July 17, 2026 03:00 ET (07:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments