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MU, AMD, Intel and SNDK stocks fell as investors turned cautious on chip and memory stocks.  (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)
Posted in Business

Why MU, AMD, Intel and SNDK stocks suddenly slumped — experts explain what’s behind the sell-off

Chip and memory stocks saw heavy selling during Tuesday’s opening trading session. Shares of several major companies dropped between 4% and 15% in early trade….

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Bitcoin miner and AI firm Ionic Digital valued at $2.25 billion in Nasdaq debut
Posted in Startups

Bitcoin miner and AI firm Ionic Digital valued at $2.25 billion in Nasdaq debut

Ionic Digital, a bitcoin miner and AI infrastructure provider, secured a valuation of about $2.25 billion after its shares fell in the Nasdaq debut on…

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Posted in Economy

India-China border trade via Lipulekh to start from Aug 1, China allows 20 traders to cross border

Pithoragarh, India-China border trade via Uttarakhand’s Lipulekh Pass is set to resume on August 1 after a gap of more than six years, with the…

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Rocking chairs are displayed for sale at a Cracker Barrel. The chain just hired a former restaurant executive as its next CEO.
Posted in Business

From Cracker Barrel to Boeing, Companies Are Turning to Retired CEOs

In January, a headhunter from search firm Spencer Stuart started calling restaurant industry executives with a proposition: Would you come to Cracker Barrel as the…

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Posted in Economy

PM Modi chairs second high-level meeting with Secretaries, reviews agenda for Viksit Bharat

Prime Minister Narendra Modi on Tuesday chaired the second high-level meeting with Secretaries to the Government of India at his residence at 7, Lok Kalyan…

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Coca-Cola beats earnings as World Cup sales boost revenue, raises 2026 forecast, while Fairlife resumes production after ransomware cyberattack. (Photo by Patrick T. Fallon / AFP) (AFP)
Posted in Business

Coca-Cola beats earnings on World Cup sales, raises 2026 outlook as Fairlife resumes after cyberattack

Coca-Cola reported stronger-than-expected second-quarter earnings and revenue, helped by higher sales during the FIFA World Cup and steady demand for its drinks. The company said…

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Visa plans to cut 2,600 jobs ahead of earnings as it focuses on efficiency.  (REUTERS/Florence Lo/File Photo) (REUTERS)
Posted in Business

Visa to cut 2,600 jobs ahead of Q2 earnings as payment giant targets efficiency amid AI-driven changes

Visa is planning to cut around 2,600 jobs, according to a Bloomberg News report. The layoffs will affect about 7% of the company’s workforce, as…

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Posted in Economy

Govt companies request RBI to extend concessional forex swap by three months

New Delhi: Public sector undertakings have sought a three-month extension, beyond December 2026, of the Reserve Bank of India’s concessional forex swap facility, senior officials…

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Construction is under way on Meta Platforms’ El Paso, Texas, data-center complex.
Posted in Business

The Price to Finance the AI Data Center Boom Is Rising, Just Ask Meta

Meta Platforms is counting on Wall Street to pick up the tab for a massive artificial-intelligence spending spree. It picked a time when lenders’ wallets…

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The Lost Screen Memorial installation honors children whose deaths were linked to social media.
Posted in Business

Meta Is Fighting a Mountain of Social-Media Lawsuits—at Just the Wrong Time

Meta Platforms is facing one of the most serious legal threats of its 22-year history—and it couldn’t come at a worse time for the company…

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