Seagate’s earnings are welcome news for the battered AI trade
The storage maker’s June-quarter results come in ahead of Wall Street’s expectations, and the stock rallies after hours
The storage maker’s June-quarter results come in ahead of Wall Street’s expectations, and the stock rallies after hours
The Trump administration has invested roughly $26.7 billion across 30 equity or quasi-equity deals, headlined by a 9.9% stake in chipmaker Intel that’s now worth $42 billion. Others include $400 million into rare-earth miner MP Materials to loosen China’s grip on magnet supply chains; the “golden share” in U.S. Steel retained as a condition of…
Charles Leclerc of Ferrari leads at the start of the Formula 1 Hungarian Grand Prix at the Hungaroring circuit in Mogyorod near Budapest on August 3rd, 2025. (Photo by Beata Zawrzel/NurPhoto via Getty Images) NurPhoto via Getty Images Formula 1 heads to Hungary this weekend for the last race on the calendar before the annual…
The IRS Office of Professional Responsibility (OPR) issued guidance outlining how existing Treasury Circular 230 rules apply to tax practitioners’ use of artificial intelligence (AI), emphasizing that long-standing duties such as due diligence, competence, and confidentiality remain unchanged. The overarching message, the agency said in a bulletin posted Wednesday, is that AI should augment —…
In the third quarter of 2025, Berkshire Hathaway (BRKA 0.34%) (BRKB 0.45%) bought shares of Alphabet (GOOG 2.17%) (GOOGL 2.05%) for the first time. Some thought the position may have been initiated by Warren Buffett’s investing lieutenants, Todd Combs and Ted Weschler (the former has since left the conglomerate). That wasn’t a bad guess. After…
France sent a hulking military cargo plane to dump tons of flame retardants as it battled raging wildfires on Saturday and slashed the final stage of Tour de France to redeploy security personnel to the blazes that forced tens of thousands of people to flee their homes. The latest wildfires in southern Europe this week have displaced more than…
Good morning, Nina Lindholm here with the Europe Wire from the London newsroom. We start the week with business services, as EQT’s Matthias Wittkowski tells me why the firm is betting on the testing, inspection, certification and compliance industry. We also discuss EQT’s plans for Intertek, a TICC business the PE firm recently agreed to…