Browsing: Business

SAN FRANCISCO: Alphabet’s Google will invest up to $40 billion in Anthropic, committing $10 billion in cash now at a $350 billion valuation and another $30 billion if the startup meets performance targets, according to terms Anthropic confirmed on April 24. The

WASHINGTON: The European Union and the United States launched a strategic partnership on critical minerals on April 24, signing a memorandum of understanding in Washington and agreeing an EU-US Critical Minerals Action Plan. Secretary of State Marco Rubio and EU

NEW YORK: U.S. stocks ended lower on Thursday as Wall Street weighed mixed quarterly earnings against higher oil prices and renewed inflation concerns, with losses in large technology names pulling the broader market off its highs. The Dow Jones Industrial Average fell 179.71

CUPERTINO: Apple said Tim Cook will become executive chairman of its board of directors and John Ternus will become chief executive officer on September 1, 2026, in a leadership transition the company said followed a long-term succession planning process approved unanimously by the board.

WASHINGTON: Jordan has reached a staff-level agreement with the International Monetary Fund that would unlock about $200 million once approved, giving the country fresh support under two existing lending arrangements as it manages pressure from regional tensions on energy costs and tourism. The

NEW YORK: Gold slipped on Wednesday after touching its highest level in a month, as a firmer dollar and improving risk appetite trimmed demand for the safe-haven metal. Spot gold was down 0.3% at $4,826.13 an ounce after earlier reaching its highest

WASHINGTON: U.S. crude oil jumped 8.7% to $104.95 a barrel and Brent crude rose 7.4% to $102.23 in Asian trading on Monday, sending both benchmarks back above $100 after the United States said it would begin a blockade of Iranian ports. The move

NEW YORK: Gold prices fell on Monday as a stronger U.S. dollar weighed on bullion and reduced demand from buyers using other currencies, while higher oil prices and fading expectations for near-term Federal Reserve rate cuts added pressure to the non-yielding

NEW YORK: Gold steadied on Friday and remained on track for a third straight weekly gain, with spot bullion holding near $4,764.54 an ounce and June U.S. gold futures around $4,787.80. The metal was up about 1.8% for the week, extending a

AUSTIN: Oracle has begun a new round of layoffs, including 491 positions in Washington state, as the software company continues to commit tens of billions of dollars to cloud and artificial intelligence infrastructure. A notice filed with Washington labor authorities shows the