Browsing: Business

Tesla shares surged after Elon Musk disclosed a $1B stock buy, his first major acquisition since 2020, adding 2.57M shares to his holdings.

China’s economic slowdown deepened in August as retail, industrial output and investment missed forecasts, signaling broad-based weakness.

Ohio and Kentucky rank among the lowest US state economies, with weak innovation and economic health scores dragging down overall performance.

AstraZeneca pauses £200m Cambridge expansion after earlier UK site cancellation, as part of a global investment reassessment with no set timeline for restart.

Microsoft reaffirmed its partnership as OpenAI expands infrastructure and transitions corporate governance to a nonprofit-controlled benefit corporation.

Wall Street indexes hit record highs as Tesla and Micron rally, supported by strong economic data and falling Treasury yields. Equity markets see broad gains.

President Lee says the Georgia ICE raid involving Hyundai workers may impact future Korean investment plans and bilateral industrial cooperation.

Novo Nordisk announced a global restructuring, cutting 9000 jobs to streamline operations and improve efficiency, impacting 11.5% of its workforce.

US mortgage demand surged to a 3-year high as rates fell to 6.49%, driving a sharp rise in refinancing and home purchase activity, MBA data shows.

Oracle stock soared 38% after its bold AI cloud forecast. With a $144B revenue target and 37 new datacenters, it’s redefining enterprise infrastructure.