L3Harris wins US Navy deal for Red Wolf strike vehicles
Defense contractor L3Harris Technologies said on Friday it had secured a U.S. Navy deal to develop Red Wolf vehicles for the Marine Corps' precision-strike program. The Red Wolf is a…
Indian e-commerce firm Meesho’s quarterly loss surges as costs climb post market debut
Indian e-commerce firm Meesho's quarterly loss widened sharply in its first earnings report since its blockbuster market debut in December last year, as costs rose. The firm's consolidated net loss…
Perplexity signs $750M Azure cloud deal with Microsoft
AI startup Perplexity has signed a $750 million agreement with Microsoft to use its Azure cloud service, Bloomberg News reported on Thursday, citing people familiar with the matter. The three-year…
SanDisk stock jumps on strong AI-led forecast and extended supply deal
Sandisk shares rallied on Friday, after the data storage firm projected third-quarter profit and revenue well above analysts' estimates and extended a major supply deal, powered by a surge in…
Apple acquires Israeli AI audio startup Q.ai
San Francisco: Apple on Thursday said it has acquired Q.ai, an Israeli startup working on artificial intelligence technology for audio. Apple did not disclose terms of the deal for Q.ai,…
Peloton cuts 11% of workforce in cost-saving turnaround move, spokesperson says
Peloton Interactive has cut 11% of its employees as it aims to reduce costs amid turnaround efforts, a spokesperson for the company said on Friday. Widespread layoffs would mark another…
OnlyFans in talks to sell majority stake at $5.5B valuation
OnlyFans is exploring selling a majority stake to investment firm Architect Capital in a deal valuing the adult content social media site at around $5.5 billion, including debt, a person…
AmEx flags strong annual profit outlook, holiday-quarter miss dents shares
American Express forecast annual profit largely above Wall Street expectations on Friday, underscoring resilient spending by its young and affluent customers, but a small miss on holiday-quarter profit weighed on…
Colombia Central Bank Hikes Rates 100 bps to 10.25%, First in Nearly 3 Years
Bogota: Colombia's central bank raised its benchmark interest rate by 100 basis points to 10.25% on Friday, its first hike in nearly three years and a larger move than most…
Toyota recalls 161,268 U.S. vehicles over rear-view camera display glitch
Toyota is recalling 161,268 vehicles in the U.S. for a problem with the rear-view camera display when the vehicle is in reverse, the National Highway Traffic Safety Administration said on…