Business

Jeff Bezos just filed to sell $4 billion in Amazon. The shares are falling

The filing came after Amazon climbed to an all-time high on Monday, extending gains sparked by last week's quarterly results.

AbbVie Seeks at Least $8 Billion in Debt to Fund Apogee Deal

AbbVie Inc. is seeking to raise at least $8 billion from an investment-grade bond offering to fund a portion of its acquisition of Apogee Therapeutics Inc.

Palantir's Karp Calls 2Q Sales 'Otherworldly, Staggering'

Palantir Chief Executive Officer Alex Karp said US commercial sales in the second quarter were “staggering" and "otherworldly." Sales rose by 149% and the company boosted its full-year revenue outlook. Bloomberg's Neil Campling reports…

AI offers 'lifeline' for emerging economies, World Bank says

Is tech the main battleground as EU and US drift apart? One Chinese prediction says so

Clashes between the United States and European Union are becoming the “new normal” with competition over tech regulations at the “core”, according to an analysis published by a leading Chinese think tank. Guo Mingxu, head of the European…

World Bank Urges Emerging Nations to Embrace AI Amid Weak Growth

Developing economies must move fast in adopting artificial intelligence for their governments and businesses, the World Bank said, urging countries to adapt existing tools to local needs.

U.S. Trade Deficit Dips in June as Imports Fall Back

Imports and exports both declined, retreating from a busy month in May, data from the Commerce Department showed.

US Trade Deficit Narrows to $73.3 Billion as Imports Fall in June

The US trade deficit narrowed in June as imports fell for the first time since the start of the year. The gap in goods and services trade shrank 5.6% from the prior month to $73.3 billion, while the value of imports declined 1.8% while…

Caterpillar lifts 2026 sales growth forecast as AI buildout powers on

Caterpillar lifts 2026 sales growth forecast as AI buildout powers on; shares surge 12%

Can your tax preparer use AI without telling you? Some experts say IRS rules aren't clear

A debate is brewing among tax practitioners regarding whether using AI to prepare tax returns should require a disclosure to clients.

Clean Arctic volunteers fly to Cape Chelyuskin to prepare center for coming expeditions

The volunteers need to start the diesel engine, wastewater treatment facilities and make sure heating reaches the buildings