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.
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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. 
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Volkswagen Plans Up to 100,000 Job Cuts as CEO Oliver Blume Warns Cost-Cutting ‘Is Not Over’
Volkswagen is preparing for potentially tens of thousands of additional job cuts as Chief Executive Oliver Blume warns employees that the German automaker's cost-cutting campaign "is not over," intensifying a restructuring aimed at closing a widening competitiveness gap with lower-cost rivals in Europe and China. 
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Elon Musk Warns AI Could Become Uncontrollable as SpaceX Pushes $60 Billion Cursor Deal to Catch Rivals
Elon Musk told employees of newly acquired Cursor that artificial intelligence could eventually become too advanced for humans to control, while pressing the AI coding company's engineers to help SpaceX catch faster-moving competitors, according to The Information. The remarks came after SpaceX completed its $60 billion acquisition of Cursor, putting more than 1,000 of its employees inside Musk's expanding technology operation. 
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Goldman Sachs, Wells Fargo Warn Treasury Bond Buybacks Won’t Bring Long-Term Yields Down
Goldman Sachs and Wells Fargo are casting doubt on the Treasury Department's expanded bond-buyback strategy, warning that even substantially larger purchases are unlikely to reverse the surge in long-term U.S. government yields without broader changes in inflation, economic growth, Federal Reserve policy or federal borrowing. 
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Alibaba Raises $10.2 Billion for AI Expansion, Sending Hong Kong Shares Down as Much as 10.5%
Alibaba Group raised HK$80 billion, equivalent to about $10.2 billion, through a major share placement to finance its accelerating artificial-intelligence push, sending its Hong Kong-listed shares sharply lower Monday as investors absorbed the dilution from 710 million new shares. 
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Walmart Stock Plunges 7.5% Despite 5.9% Revenue Growth and Higher Full-Year Outlook
Walmart shares tumbled about 7.5% in premarket trading Thursday despite stronger-than-expected quarterly results and an improved full-year forecast, as investors focused on softer U.S. comparable sales and signs that consumers remain under pressure from higher living costs. 
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Smarter Fleet Management for Growing Businesses
See how small and mid-sized businesses can improve vehicle use, plan maintenance, reduce fuel waste and keep fleet costs under control. 
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43% of Managers Using AI for Layoffs Let Algorithms Make Final Decisions Without Human Review
Artificial intelligence is moving deeper into one of corporate America's most consequential decisions: who gets fired. A July survey found that 59% of managers who responded use AI when making layoff decisions, while 43% of those users said they had allowed the technology to make a final termination decision without human review. 
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Anthropic Revenue Surges Past $11.5 Billion as Blockbuster IPO Takes Shape
Anthropic generated more than $11.5 billion in preliminary second-quarter revenue, a more than 14-fold increase from a year earlier, as the Claude developer moves closer to a potential initial public offering that could become one of the largest technology listings on record. 
