Alibaba to Sell Videogame Business for at Least $1.5 Billion
Alibaba Group is selling its videogame arm in a deal worth at least $1.5 billion, as the Chinese company shifts its focus to artificial intelligence.
----
K-Beauty Has Conquered the World. China's Proya Wants C-Beauty to Be Next.
Proya Cosmetics will start selling its flagship brand in the U.S. via a partnership with retailer Ulta Beauty.
----
Geely Auto Profit Slips, Cushioned by Overseas Sales
China's second-largest electric-vehicle maker recorded slightly lower net profit in the first half despite a surge in overseas sales, dragged by weaker demand in its home market.
----
How Burger King Revamped Its Whopper and Overtook Wendy's
The burger's overhaul, overseen by a corporate chef who had already worked magic at Popeyes, is helping propel a comeback.
----
Prosecutors Focus on Four Businesses Tied to Dodgers Owner Mark Walter
Proceeds from loans made by Walter's insurers passed through firms purportedly controlled by each of these four entities.
----
Open-Weight AI Won't Crimp Demand for Picks and Shovels
Some of the artificial intelligence boom's biggest beneficiaries can cash in whether open models proliferate or not.
----
Elon Musk's SpaceX Holdings Revealed. (Hint: It's A Lot.)
The CEO controls 6.4 billion SpaceX shares, almost half of the stock outstanding.
----
Walmart and Target are about to reveal the health of the U.S. consumer
Earnings reports from the two major retailers will show how shoppers are holding up in an era of persistent inflation.
----
Big Manufacturers Find New Demand in Equipping AI Data Centers
Companies such as Caterpillar and Cummins are pivoting to feed a booming market for once-prosaic machinery.
----
Ford, GM Are Locked in a New Battle Over Who's the Most American Carmaker
America's trade war has left its two largest automakers sparring over favorable tariffs on imports, batteries and more.
----
Trump Family's World Liberty Financial Gets Preliminary Approval to Launch a Bank
The Office of the Comptroller of the Currency gives the flagship crypto venture a conditional approval to be a trust bank.
----
U.S. Urges Apple Not to Buy Chinese Memory Chips
Commerce Secretary Howard Lutnick urged the iPhone maker to find other solutions to the AI-driven chip supply crunch.
----
Nvidia Downsizes Plans for $250 Billion Guarantee of OpenAI Data Center
Investors are worried about the chipmaker's risk exposure as it wields its balance sheet to bolster demand for its AI chips.
----
Third Point Exited Nvidia and Broadcom, Made New Bet on Warner Bros. Discovery in Second Quarter
The investment firm shifted away from some of the market's biggest semiconductor winners in the second quarter.
----
Carl Icahn Trims Stakes in JetBlue and American Electric Power
The activist investor's largest stockholding, CVR Energy, lost nearly 20% of its value in the second quarter.
----
PayPal in Talks to Sell Itself to Stripe, Private-Equity Firm Advent
The fintech startup and private-equity firm Advent offered to buy the struggling payments company in July.
Comments