Business

Shell completes $13.9 billion acquisition of ARC Resources Business

Shell completes $13.9 billion acquisition of ARC Resources

Shell completed its acquisition of Canada's ARC Resources, adding major Montney assets and about 370,000 barrels of oil equivalent in daily production.

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FTC and 22 States Sue Amazon Over Ad Auction Pricing Business

FTC and 22 States Sue Amazon Over Ad Auction Pricing

US regulators allege Amazon secretly inflated ad-auction prices for more than 1.2 million customers; Amazon denies deception.

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PetroChina Profit Rises 22% as Fuel Demand Weakens Business

PetroChina Profit Rises 22% as Fuel Demand Weakens

PetroChina's first-half profit climbed 22% to 103.936 billion yuan, supported by higher oil prices despite an 8.8% fall in refined-fuel sales.

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Temasek Backs Singapore Airlines' Air India Investment Amid Funding Scrutiny Business

Temasek Backs Singapore Airlines' Air India Investment Amid Funding Scrutiny

Temasek backed Singapore Airlines' long-term Air India strategy but left a reported $1.5 billion funding request for the airline's board to assess.

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Stripe and Advent Drop $53 Billion PayPal Pursuit Business

Stripe and Advent Drop $53 Billion PayPal Pursuit

Stripe and Advent International ended their roughly $53 billion PayPal pursuit, sending the payments company's shares down 12.7%.

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Nvidia Revenue Doubles as AI Chip Demand Drives Record Quarter Business

Nvidia Revenue Doubles as AI Chip Demand Drives Record Quarter

Nvidia posted record quarterly revenue of $96.2 billion and forecast $108 billion for the next quarter as global demand for AI computing continued to surge.

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Vanguard to Acquire Altruist in Major Wealth Technology Expansion Business

Vanguard to Acquire Altruist in Major Wealth Technology Expansion

Vanguard agreed to acquire adviser technology and custody platform Altruist, a rare deal that expands the asset-management giant's wealth business.

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Canada Retaliates With Tariffs on C$27.6 Billion in US Goods Business

Canada Retaliates With Tariffs on C$27.6 Billion in US Goods

Canada will impose tariffs of up to 50% on C$27.6 billion in U.S. goods and provide C$7.5 billion in support after trade talks collapsed.

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RUM Group Signs $13.7 Billion AI Computing Contract Business

RUM Group Signs $13.7 Billion AI Computing Contract

RUM Group disclosed a six-year AI computing contract valued at about $13.7 billion, while warning that it still needs substantial financing to deliver the promised capacity.

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Sinopec Profit Rises 19% Despite Fuel Demand Slump Business

Sinopec Profit Rises 19% Despite Fuel Demand Slump

Sinopec's first-half profit rose 19.3% as stronger refining margins and diversified crude sourcing offset weaker Chinese fuel demand.

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US Stocks End Winning Streaks as Bond Yields and Oil Rattle Markets Business

US Stocks End Winning Streaks as Bond Yields and Oil Rattle Markets

U.S. shares rebounded Friday but the S&P 500 and Nasdaq still ended three-week winning streaks as rising bond yields, oil prices and inflation risks pressured markets.

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US Eases Beef Import Tariffs for 90 Days as Prices Squeeze Consumers Business

US Eases Beef Import Tariffs for 90 Days as Prices Squeeze Consumers

The United States will temporarily waive higher out-of-quota tariffs on up to 300,000 metric tons of ground-beef inputs, prompting hopes for cheaper groceries and concern among ranchers.

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