The energy sector rallied Wednesday, driven by a sharp increase in crude oil prices after renewed military activity in the Middle East and data indicating a drop in U.S. crude stockpiles.
A senior House Democrat is demanding information from Elon Musk on the environmental and public health impact of xAI's data centers in Tennessee and Mississippi, citing concerns over unpermitted natural gas turbines.
The U.S. Federal Trade Commission is suing telehealth firm Hims & Hers, alleging it shared sensitive user health data with advertisers and engaged in deceptive billing and cancellation practices.
The world's largest cosmetics company reported a 6.3% rise in like-for-like Q2 sales, surpassing expectations, as strong demand for affordable makeup and haircare in Europe offset slower growth in its luxury division.
Bank of Montreal has completed two synthetic risk transfers covering a combined $5 billion in corporate loans, joining other major Canadian banks in tapping strong investor demand for these instruments.
Two of Europe's largest airline groups, Lufthansa and Air France-KLM, have reportedly submitted binding offers to acquire a significant minority stake in Portugal's state-owned carrier, TAP SA.
The telehealth company is accused of illegally sharing sensitive patient health data with advertisers like Meta and Snap, as well as engaging in deceptive billing and cancellation practices, according to the federal complaint.
S&P Global Ratings upgraded its outlook for Polaris Inc. to positive, affirming its 'BBB-' rating, based on expectations of lower debt levels and strong demand from its utility and commercial segments.
The Italian telecom giant reported a second-quarter net profit of €88 million, meeting analyst forecasts for core earnings, driven by strong performance in its enterprise and Brazilian divisions.
