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The Latest Breaking News on Business

Cracker Barrel closes all locations of sister restaurant amid selloff

Maple Street Biscuit Company represented 2 percent of Cracker Barrel’s annual revenue

The Independent UK

Ford worker was fired over a $1.95 pack of cookies. The company later offered him $33,000 to return — but now he’s considering a lawsuit

Ford worker was fired over a $1.95 pack of cookies. The company later offered him $33,000 to return — but now he’s considering a lawsuit

He was also disappointed with the union.

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Earnings at Musk's car company fall as research spending cuts into profit from selling cars

Earnings at Musk's car company fall as research spending cuts into profit from selling cars

Tesla's profits fell last quarter as the car company run by Elon Musk shoveled more money into research and development, cutting into profits from a sharp increase in vehicle sales

The Independent UK

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What to Expect From Kimberly-Clark's Next Quarterly Earnings Report

Kimberly-Clark is poised to announce its second-quarter results in August, and analysts predict a single-digit rise in the company’s bottom-line figure.

America's Car-Mart Ran Out Of Cash, Not Customers, After Wrong Turn On Wall Street

America's Car-Mart's cash crunch shows how higher interest rates and financial engineering drove the subprime auto lender toward a cliff.

International Business Times

Xbox gamer hits Microsoft with lawsuit saying it should refund tariff hike after claiming refund from the government

Amazon, Sony Interactive Entertainment, Nintendo, Lululemon, and Costco have also been sued in similar tariff refund-related lawsuits

The Independent UK

Here's What to Expect From ExxonMobil's Next Earnings Report

ExxonMobil is expected to announce its second-quarter earnings as the month comes to an end, and Wall Street forecasts a triple-digit increase in its bottom line.

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Mechanic Says Your Toyota May Be Getting The Wrong Oil. Then He Changes Mobil 1 Formula: ‘As A Warranty Inspector This Would Void’

Mechanic Says Your Toyota May Be Getting The Wrong Oil. Then He Changes Mobil 1 Formula: ‘As A Warranty Inspector This Would Void’

“I’m sure you know more than the engineers at Toyota."

Elon Musk's Tesla posts cash burn as capex surges on AI, robotaxi push

Elon Musk's Tesla posts cash burn as capex surges on AI, robotaxi push

Tesla Inc.reported negative free cash flow of $1.1 billion in Q2 as heavy spending on AI, robotaxis and manufacturing weighed. Deliveries beat expectations, while energy storage surged. Investors remain focused on autonomy and robotics growth as core auto demand faces rising competition and pricing pressure.

The Economic Times

Google quarterly cloud revenue growth beats expectations

Google quarterly cloud revenue growth beats expectations

Google Cloud revenue surged eighty-two percent, fueled by strong enterprise demand for AI services. This significant growth helped offset concerns regarding Alphabet's substantial artificial intelligence investments. However, the company's own AI model development has encountered delays this year. Google's search business has shown strength, attracting more advertising dollars through AI…

The Economic Times

10 Things to Know About Scammers

10 Things to Know About Scammers

Scams are rampant and hard to identify. Stay up to date with this information.

USAR Stock Alert: What to Know as USA Rare Earth Announces Leadership Transition

USAR Stock Alert: What to Know as USA Rare Earth Announces Leadership Transition

USA Rare Earth has named a new CEO amid buzz around the company’s mine-to-magnet platform.

Intel Q2 Preview: Stock Hammers Nvidia with 7x Returns Since Dow Swap — Will Earnings Fuel Further Gains?

Intel Q2 Preview: Stock Hammers Nvidia with 7x Returns Since Dow Swap — Will Earnings Fuel Further Gains?

Semiconductor giant Intel Corporation (NASDAQ:INTC) looks to continue its recent winning streak when the company reports second-quarter financial results Thursday after market close.

AMD to invest up to $5 billion in Anthropic; AI startup to buy up to 2 GW of chips

AMD to invest up to $5 billion in Anthropic; AI startup to buy up to 2 GW of chips

AMD has been seeking to expand its foothold in the fast-growing AI chip market as developers look to diversify beyond Nvidia, while Anthropic has been racing to secure ⁠computing capacity ‌to meet growing demand for its AI services.

The Economic Times

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Many companies are struggling to fully trust AI at work - especially when there's no human involved

TeamViewer report claims 95% of workers are concerns about AI operating without a human in the loop – most AI agent users set strict guardrails.

Not so 'in the loop'? Study finds Gen Z employees barely understand office jargon

Gen Z hasn't 'touched base' with corporate slang yet, so they're less likely to feel 'in the loop' - and leaders should accommodate.

International Business Times UK

The States Where Americans Have the Most Retirement Savings and Where They Have the Least

New data reveals significant differences in retirement savings across US states, highlighting where residents are best prepared for retirement and where savings fall short.

The Economic Times

IPO-bound Zetwerk faces counterclaims in escalating US trade secret dispute

The ITC complaint, filed on July 16, names Zetwerk Manufacturing Businesses, Zetwerk Manufacturing USA, and subsidiaries Unimacts Global and KRYFS Power Components. It alleges violations relating to imports and US sales of transformers and components, and seeks orders restricting their import, marketing, and sale.

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The Guardian - US

Two in five Americans believe stock market only serves the top 1%

Exclusive Harris poll for Guardian reveals Americans’ assumptions about stock market and wider economy

SkyPilot, from Databricks' cofounder, raises $20M to be the Switzerland of AI compute

Backed by Lux Capital, SkyPilot helps customers use GPUs wherever they're available.

The Economic Times

US Stock Market: Big tech's AI spending boom raises cash flow concerns despite early returns

America's biggest technology companies are beginning to generate meaningful AI-driven revenue, but surging infrastructure spending is putting free cash flow under pressure. Reuters' analysis of LSEG estimates shows capital expenditure is expected to outpace free cash flow by 2027, shifting investor focus toward AI monetisation and long-term returns.

International Business Times UK

Disney Layoffs Hit Pixar Despite 'Toy Story 5' Success as Hundreds Lose Jobs in Latest Restructuring

The Walt Disney Company is undergoing another restructuring phase, resulting in significant job cuts across its divisions, with Pixar and ESPN being the most affected. This marks the third round of layoffs this year.

This High-Yield Bank Stock Just Raised Its Dividend by 11%

Wells Fargo announced plans to raise its dividend by 11% to $0.50 per share from $0.45 after the Federal Reserve’s stress test showed its CET1 ratio remaining well above requirements.

The Economic Times

Legally or not, US government is controlling global access to world's most powerful AI

The US Commerce Department ordered Anthropic to block foreign nationals from advanced AI models. This action disabled Anthropic's models, citing national security concerns and impacting users globally. Restrictions were lifted after Anthropic enhanced safety guardrails, which reduced model intelligence and performance. The incident questions the government's role as an AI…

The Economic Times

AI investment boom puts Big Tech's free cash flow under pressure

Big tech firms are investing heavily in artificial intelligence infrastructure. Their capital expenditures may soon exceed free cash flow generation. Microsoft and Amazon show early AI revenue growth signs. However, investors worry about sustained spending and cash depletion. Oracle's shares have fallen significantly amid negative free cash flow.

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