Elon Musk’s xAI Sues Apple and OpenAI, Alleging They Are Monopolists
Musk said the partnership between the two companies has given the ChatGPT-maker access to “billions of user prompts.”
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South Korea’s Hyundai Motor Increases U.S. Investment to $26 Billion
The additional investment will be dedicated to advancing its strategic initiatives in autos, steel and robotics, the group said in a statement.
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Fortescue Annual Profit Falls 41% On Weaker Iron-Ore Prices
The world’s fourth-largest iron-ore producer posted net profit of US$3.37 billion for the year through June, down from US$5.68 billion a year earlier.
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Netflix expands its live-sports reach, wins Japanese rights to 2026 World Baseball Classic
Netflix is significantly bolstering its live-sports roster, announcing Monday that it will be the exclusive home of the 2026 World Baseball Classic for Japanese viewers.
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Boeing Plans to Sell 103 Planes to Korean Air
The intent to purchase is part of a larger planned investment by Korean Air to spend $50 billion on U.S. planes, spare engines and maintenance services.
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U.S. and South Korean Nuclear Companies Sign Agreement
U.S. and South Korean officials have pledged cooperation in several industries, which could include nuclear energy and shipbuilding.
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Interactive Brokers to Join S&P 500 This Week
The stock will replace Walgreens Boots Alliance, which is being acquired by Sycamore Partners in a deal expected to be completed soon.
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America’s Most Popular Furniture Brands Face More Tariffs
Shares in Wayfair, RH and Williams-Sonoma fell Monday. The White House clarified that the furniture-import probe has been under way since March.
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Perplexity Is Launching a New Revenue-Share Model for Publishers
Media companies will get paid out of a $42.5 million pool when their articles are used by Perplexity’s web browser.
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Thoma Bravo to Buy Verint for $2 Billion
Thoma Bravo has agreed to buy call center software company Verint for $20.50 a share in an all-cash transaction.
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Keurig Dr Pepper Strikes $18 Billion Deal for JDE Peet’s
The combined company plans to later separate its coffee and beverage units, essentially unwinding the 2018 merger that brought together Keurig and Dr Pepper. Shares in JDE Peet surged.
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Temu Owner PDD’s Profit Falls Less Than Expected
The Chinese owner of bargain-shopping app Temu reported a smaller-than-expected profit decline in 2Q despite revenue growth hitting a three-and-a-half-year low as tariffs and increased support for domestic merchants weighed on profitability.
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Canada’s Big Banks Expected to See Revenue Boost From Solid Capital Markets
Analysts broadly expect trends from earlier in the year to have continued in the latest three months, with signs of stability seen in credit quality, modest loan growth and strength in capital markets and wealth businesses.
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How a Cracker Barrel Logo Change Spawned a Political Firestorm
The family-dining chain’s brand updates have drawn online ire and boycott calls. “We know we won’t get everything right the first time,” the company says.
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Orsted Shares Tumble After U.S. Issues Stop-Work Order on Wind Project
The Danish energy giant’s shares fell 16% amid President Trump’s opposition to wind power.
(END) Dow Jones Newswires
August 26, 2025 03:15 ET (07:15 GMT)
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