Industry

US Supply Chain at Risk as Canadian Railroads Face Possible Shutdown Due to Labor Dispute

US Supply Chain at Risk as Canadian Railroads Face Possible Shutdown Due to Labor Dispute

Due to an impending labor dispute, Canada's two largest railroads may face a work disruption soon, threatening to also disrupt the US supply chain for an indefinite amount of days.


Saudi Oil Giant Aramco to Strengthen Ties With China in Petrochemicals and Low-Carbon Solutions

Saudi Aramco is expanding its partnership with China by investing in petrochemicals and low-carbon technologies, aligning with China's energy security and sustainability goals.

Walmart Reports 4.8% Revenue Growth, Driven by Rising Consumer Spending

Walmart's Q2 revenue hit $169.34 billion, exceeding expectations, with a 4.8% increase from last year and a 9.8% rise in adjusted earnings per share.

Huawei Prepares AI Chip to Rival Nvidia in China, Possibly Generating $2 Billion in Orders

Huawei is set to launch its Ascend 910C AI chip, designed to rival Nvidia’s restricted H100, with initial orders expected to top $2 billion.


Latest News

Saudi Aramco's Profit Dips to $29.1 Billion in Q2 as Oil Production Remains Low
World's largest oil company, Saudi Aramco, reported a 3% decline in second-quarter profits to $29.1 billion due to lower crude production but still plans to pay $124.2 billion in dividends this year.
The Blackwell B200 AI chips will now take at least three more months to produce. Nvidia Corp. 's upcoming artificial intelligence chips are now facing production delays due to a design flaw, according to a report.
Beijing Offers Subsidies for Companies That Buy Local AI Chips as China Cuts Reliance on Foreign Technology
Groq was originally looking to raise $300 million at a slightly lower valuation. Groq, an artificial intelligence chipmaking startup, has secured more than $600 million in a recent funding round, the company announced Monday.
Google Faces Italian Antitrust Investigation for Misleading User Consent Practices
The ruling could force Google to allow users to choose which search engine to use. A federal judge on Monday ruled that Alphabet's Google broke antitrust laws and held an illegal monopoly in the United States in a landmark ruling against the tech giant.
EU Regulators Charge Elon Musk's X with Breaching Digital Services Act for Misleading Users
The move came after Musk slammed California's SAFETY Act last month. X, the social media company formerly known as Twitter and owned by Elon Musk, is now preparing to shut its San Francisco office and move to Texas, according to an internal email sent to employees on Monday.
AI Investments Rise 47% in US Venture Capital Funding—Highest Level Recorded in 2 Years
To ensure business success, knowing how to create an effective elevator pitch is key. Here's a quick guide.
Elon Musk to Move X, SpaceX HQs from California to Texas After Newsom Passes Trans Rights Law
Tesla's lawyers said a recent vote makes it clear that shareholders believe Elon Musk is entitled to the 11-figure compensation.
Chevron To Cut Up To 7,000 Jobs Due To Slump In Oil Prices
The oil giant's announcement will mark the first time Chevron will be headquartered outside of California since its founding 100 years ago.
Neuralink Postpones Second Brain-Implant Surgery Due to Patient's Health Issues
The implant could give a paralyzed patient the ability to control digital devices by thinking. Neuralink, a microchip company owned by Elon Musk, has successfully implanted a brain chip into a second trial patient just months after its first attempt.
Coca-Cola Post Strong Earnings
Coca-Cola expects some or all of the $6 billion in back taxes to be refunded if it wins an appeal on the court's decision.
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