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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Linda Yaccarino Resigns as CEO of X Amid Antisemitism Crisis and xAI Takeover
Linda Yaccarino announced Wednesday that she will step down as CEO of Elon Musk's social media platform X, ending a turbulent two-year tenure marked by falling user engagement, advertiser defections, and mounting scrutiny over hate speech and content moderation. 
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Merck to Acquire Verona Pharma for $10 Billion to Boost COPD Drug Portfolio
Merck & Co. said Wednesday it will acquire London-based Verona Pharma in a $10 billion all-cash deal, bolstering its respiratory treatment portfolio as the company moves to reduce long-term dependence on its blockbuster cancer drug Keytruda. 
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Samsung Forecasts 56% Profit Drop on AI Chip Curbs and U.S. Tariffs, Misses Market Estimates
Samsung Electronics said Tuesday it expects a 56% drop in second-quarter operating profit, signaling continued pressure on the South Korean tech giant's core semiconductor business due to U.S. export controls, weak AI chip sales in China, and delayed shipments to key customer Nvidia. 
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Apple Appeals €500 Million EU Fine Over App Store, Slams Brussels for Overreach
Apple has formally appealed a €500 million ($587 million) fine imposed by the European Commission over alleged violations of the Digital Markets Act (DMA), arguing that the ruling unfairly targets its App Store practices and forces it to adopt business terms that confuse developers and harm consumers. The case was filed Monday with the EU General Court in Luxembourg, the bloc's second-highest judicial authority. 
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Tesla Shares Drop 7% as Musk–Trump Rift Escalates, America Party Announcement Sparks Investor Jitters
Tesla shares tumbled as much as 7.6% in premarket trading Monday, following a weekend political clash between CEO Elon Musk and President Donald Trump. Musk's announcement of a new political entity - the "America Party" - and Trump's public rebuke triggered a sharp selloff, wiping billions from Tesla's market capitalization and intensifying investor anxiety over Musk's political distractions. 
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Microsoft to Cut 9,000 Jobs, Trimming 4% of Workforce as Reorg Hits Gaming Division
Microsoft said Wednesday it will lay off approximately 9,000 employees, affecting less than 4% of its global workforce, in a sweeping reorganization aimed at streamlining operations across divisions including gaming and cloud services. The announcement comes at the start of the company's 2026 fiscal year. 
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Cyberattack Hits Qantas: Names, Birthdates, Frequent Flyer Data Stolen in Third-Party Breach
Qantas Airways said Wednesday that the personal records of up to 6 million customers were accessed in a cyberattack, marking one of Australia's most significant data breaches to date and heightening scrutiny over third-party cybersecurity risks in the aviation industry. 
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Tesla Deliveries Fall 14% in Q2 as BYD Widens Lead in Global EV Market
Tesla reported a 14% drop in second-quarter vehicle deliveries on Wednesday, marking its second consecutive year-over-year decline and adding pressure as Chinese rival BYD pulls further ahead in the global electric vehicle race. 
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Paramount Pays Trump $16 Million to Settle CBS Lawsuit Without Apology
Paramount Global has agreed to pay $16 million to resolve a lawsuit brought by President Donald Trump over a CBS "60 Minutes" interview, ending a months-long legal and political dispute that has roiled the network amid its pending merger with Skydance Media. 
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Tesla Shares Fall 5% After Trump Threatens Subsidy Review
Tesla shares tumbled more than 5% Tuesday after President Donald Trump threatened to investigate government subsidies received by Elon Musk's companies, reigniting a public feud between the two billionaires that has spilled into the legislative battle over Trump's multi-trillion-dollar domestic policy bill. 
