Business

Shut Sydney Chinatown cream puff eatery owes tax office $845,000

ABC News

Shut Sydney Chinatown cream puff eatery owes tax office $845,000

The 47-year-old Emperor's Garden restaurant famously attracted long queues of customers lining up for cream puffs made fresh and sold cheap from a small takeaway window.

ABC News

US faults China over opaque overseas lending, warns of emerging-market debt risks

South China Morning Post

US faults China over opaque overseas lending, warns of emerging-market debt risks

The United States has stepped up scrutiny of China’s overseas lending, warning that the lack of transparency surrounding Chinese loans could increase the risk of unexpected defaults and debt restructuring in emerging markets. In its 2026…

South China Morning Post

US fires on ship it says violated Iran blockade

Financial Times

US fires on ship it says violated Iran blockade

Central Command says Panama-flagged vessel ‘ignored repeated warnings’ from American forces

Financial Times

SiTime CEO on Role in AI Data Centers, Renesas Deal

Rajesh Vashist, Chairman and CEO of SiTime, discussed the company's impressive triple-digit year-over-year revenue growth, attributing much of the acceleration to AI-driven demand and the expanding data center market. SiTime's technology…

Cava reports sales growth even as some customers steer clear of lettuce

Cava reports sales growth even as some customers steer clear of lettuce

Cava Group says some diners have switched up their orders to avoid lettuce, but the fast-casual chain has still been able to sport sales growth despite a summer of food-safety scares impacting the restaurant industry writ large.

Nvidia’s Show of Financial Force Soothes Jittery Credit Markets

Nvidia Corp.’s commitments to backstop the artificial intelligence boom seemed to be swelling by the day. There was the reported $250 billion to help kickstart a massive data center for OpenAI in Ohio, the latest in a string of big…

GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles

GM reaches up to $4.5 billion parts deal designed to avoid supply chain troubles

The deal follows years of global automotive supply chain issues for GM and other companies.

Vertiv CEO on AI Infrastructure Buildout, Supply Chain

Gio Albertazzi, CEO of Vertiv, joined the program to discuss the company's recent earnings report. Unlike many AI-related companies that often beat revenue expectations but miss on profitability or margins, Vertiv reported the opposite: it…

Moonshot AI’s Kimi K3: A New Contender in the US-China AI Race: Podcast

Chinese startup Moonshot has put the AI world on notice. On today’s Big Take Asia podcast: What Kimi K3 means for the future of the global race for AI supremacy.

Oracle’s stock has taken a hit as AI spending concerns resurface

Oracle’s stock has taken a hit as AI spending concerns resurface

A lack of clarity around Oracle’s future AI spending plans is keeping investors on the sidelines, one analyst believes.

CoreWeave stock pops 10% as revenue doubles on accelerating AI infrastructure demand

CoreWeave stock pops 10% as revenue doubles on accelerating AI infrastructure demand

CoreWeave's revenue is surging as the AI boom continues, but the company is also sitting on $35 billion in debt.

AI Infrastructure Boom Drives Market Movers | Closing Bell

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Kristine Aquino and Tim Stenovec. (Source: Bloomberg)