Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
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JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
The Latest
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TSMC August Revenue Surges 53% to Record $16.35 Billion as AI Chip Demand Accelerates
Taiwan Semiconductor Manufacturing Co. reported record monthly revenue for August, as surging investment in artificial-intelligence infrastructure kept demand elevated for the advanced processors used in data centers and reinforced the Taiwanese chipmaker's commanding position in global semiconductor manufacturing. 
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Dunham-Bush to Showcase 130+ Years of Engineering Legacy at MARVEX 2026
From September 22 to 25, Dunham-Bush will participate in MARVEX 2026 held at the Kuala Lumpur Convention Centre. Focusing on the comprehensive demands of data centers for high-efficiency cooling, operational reliability, and energy efficiency, Dunham-Bush will present the WCM Water-Cooled Magnetic Bearing Chiller, DB Aire Precision Air Conditioner, and DBV Pro 6 Variable Refrigerant Flow (VRF) System. Among them, the WCM Water-Cooled Magnetic Bearing Chiller will make its debut at MARVEX and further demonstrate its operational capability under high-load and continuous operation scenarios through live technical demonstrations. 
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Bessent Says U.S. Must Beat China in AI as Data-Center Backlash and Safety Fears Intensify
Treasury Secretary Scott Bessent said the U.S. can't afford to lose its artificial-intelligence advantage over China, sharpening the Trump administration's argument for rapid AI development just as lawmakers, state governments and researchers are pushing for tighter restrictions on the technology and the infrastructure powering it. 
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Amazon Sued by Pregnant Warehouse Workers Alleging Denied Bathroom Breaks and Firings
Amazon was sued Tuesday by four former warehouse employees who allege the company systematically denied pregnant workers accommodations including bathroom and water breaks, permission to sit and time away for prenatal care, then penalized or fired some employees for pregnancy-related absences. 
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ByteDance Locks In Record $29.6 Billion Loan as Banks Back Its Expanding AI Buildout
ByteDance is preparing to borrow a record $29.6 billion from a group of global banks after demand for the financing exceeded $30 billion, giving the TikTok parent a large pool of offshore capital as it accelerates spending on artificial intelligence infrastructure while remaining one of the world's biggest privately held technology companies. 
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Nvidia Buys Hugging Face for $12.9 Billion as Jensen Huang Pledges to Keep AI Platform Open
Nvidia agreed to acquire Hugging Face for $12.9 billion, giving the world's dominant AI-chip company control of one of the most widely used platforms for sharing and deploying artificial-intelligence models while promising to preserve its open-source character. 
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Bank of America’s $72.5 Million Epstein Settlement Wins Final Approval, With About 60 Women Expected to Receive Payments
A federal judge has approved Bank of America's $72.5 million settlement with women who allege they were abused or trafficked by Jeffrey Epstein or people associated with him, making the lender the third major bank to pay to resolve litigation tied to its banking relationship with the late financier. 
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Amazon Raises AI Spending to $220 Billion as Worker Reliance on SNAP and Medicaid Nearly Triples
Amazon is preparing to spend as much as $220 billion on capital projects in 2026, much of it tied to artificial intelligence infrastructure, as a new Government Accountability Office report shows that thousands of its workers continue to rely on Medicaid and federal food assistance. 
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Nvidia Revenue Could Hit $673 Billion in Fiscal 2028, Overtaking Apple and Alphabet as AI Boom Accelerates
Nvidia is signaling that its extraordinary AI-driven expansion has further to run, forecasting roughly 70% revenue growth in fiscal 2028-a pace that could lift annual sales to about $673 billion and potentially push the chipmaker past Apple and Google parent Alphabet in the revenue ranks of major U.S. technology companies. 
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Nvidia Shares Surge After $96 Billion Revenue Beat as Jensen Huang Says AI Has ‘Reached Its Inflection Point’
Nvidia shares jumped more than 6% in premarket trading Thursday after the artificial-intelligence chip leader delivered stronger-than-expected quarterly results and projected $108 billion in revenue for the current quarter, reassuring investors that the massive global buildout of AI infrastructure remains intact.
