China’s Lead in Open-Source AI Jolts Washington and Silicon Valley
U.S. companies and policymakers are mobilizing their response to free-to-use AI models from China.
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Trump Calls on Goldman to Replace Economist Over Tariff Stance
The bank’s economists had predicted tariffs could cause inflation and slow economic growth.
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Scrappy Gas Billionaires Win Major Arbitration Case Against Shell
Venture Global’s Michael Sabel and Robert Pender fend off challenge that hung over the company’s future.
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Bankrupt Property Developer China Evergrande to Delist From Hong Kong Exchange
The company received a letter from the regulator informing it that the Hong Kong stock exchange listing committee has decided to cancel Evergrande Group’s listing.
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CoreWeave Revenue Triples on Hot AI Demand
The cloud provider is scaling rapidly to try to meet skyrocketing demand for artificial intelligence after becoming the first company to offer the complete portfolio of Nvidia’s Blackwell GPUs at scale this quarter.
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Cisco’s Earnings Are Coming. AI Orders Are in the Spotlight.
The company is scheduled to report fiscal fourth-quarter earnings after the stock market closes on Wednesday.
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Coherent Earnings Will Be Powered by AI Spending
Wall Street analysts expect the company to report adjusted earnings-per-share of 92 cents, up from 61 cents in the fourth quarter of 2024.
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Cava Cuts Outlook on Weak Second Quarter
The Mediterranean fast casual restaurant reported same-restaurant sales growth of 2.1%, well below analysts’ expectations of 6.1%.
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Commonwealth Bank Lifts Dividend as Annual Profit Rises 4.2%
Australia’s largest company, with a market capitalization of US$195 billion, raised its dividend as the lending giant posted a 4.2% rise in annual profit on strong volumes and stable margins.
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Disney to Put Comics on Webtoon’s Platform
The online-comic platform said that the team-up will see comics from the Disney, Marvel, 20th Century Studios, and Star Wars brands coming to Webtoon’s mobile vertical-scroll format.
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U.S. Steel Plant Where Two Died Will Continue Operating, CEO Says
The company defended its safety record as Investigators worked to determine the cause of the blast.
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Air Canada Declares Impasse With Flight Attendants, Warns of Possible Shutdown
The Montreal-based airline said labor negotiations with its 10,000 flight attendants are at an impasse and warned that the carrier may begin to shut down operations as early as Saturday without an agreement.
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Perplexity Makes Longshot $34.5 Billion Offer for Chrome
In mounting an unsolicited bid for Google’s browser, the AI startup seeks to take advantage of uncertainty over a pending antitrust ruling.
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Musk Takes Fight With OpenAI to Apple Over Its App Store
Elon Musk said Apple’s App Store was suppressing his GrokAI chatbot while favoring ChatGPT.
(END) Dow Jones Newswires
August 13, 2025 03:15 ET (07:15 GMT)
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