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Business News

Location American Business News for 13 August 2026

Lenovos Revenue Beats Expectations on Robust AI Demand

Wall Street Journal - 13 Aug 2026 04:55
Lenovos Revenue Beats Expectations on Robust AI Demand Lenovo Group kicked off its fiscal year on a strong note with record-high revenue thanks to robust artificial-intelligence infrastructure demand and its resilient personal-computer business.
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What We Learned Tracing North Koreas Hidden Workforce Inside American Companies Stolen identities, AI tools and American accomplices are helping fund Kim Jong Uns regime, a yearlong Journal investigation found.
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Tariff Refunds Are Here-and Turbocharging Earnings

Wall Street Journal - 13 Aug 2026 01:33
Tariff Refunds Are Here-and Turbocharging Earnings Apple, Nike and FedEx are just some of the companies that are recovering big sums relatively quickly.
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Gold Gains on Reduced Fed Rate Hike Expectations

Wall Street Journal - 13 Aug 2026 01:03
Gold rose in early Asian trade. Expectations of a Federal Reserve rate hike were pared back following the U.S. inflation data, as July consumer prices rose only marginally from June, ANZ said.
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Inside the $12.5 Billion Deal for the Lakers

The New York Times - 13 Aug 2026 13:52
Inside the $12.5 Billion Deal for the Lakers The transaction, hashed out last weekend, reflects the huge profit potential of major sports franchises.
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World Cup Ticket Fiasco Erases StubHub Profits, Sending Stock Down Revenue surged but so did expenses as the ticket reseller dealt with customer complaints and refunds.
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Intel's $20 billion stock sale has surprising upside The dilution should hurt the stock. Instead, it may be telling investors something about Intel's turnaround plan.
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AIs Biggest Energy Impact Might Be in the Oil Patch, Not the Data Center Plus: Chinas surging clean-tech exports, lithium-free batteries, Strategic Petroleum Reserve shrinks below 300 million barrels.
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Wholesale prices flatten out in July and inflation eases. A Fed rate hike is in doubt. The latest readings on inflation could deter central bank from raising borrowing costs.
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Speculation on dogecoin is back to October 2025 levels. The price is down 70% Futures positioning has rebuilt to levels last seen when dogecoin traded at three times today's price, and more than three accounts are betting on a rebound for every one betting against.
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Bitcoin slips near $63,500 as traders look past CPI to Feds next tests An in-line inflation print removed a tail risk but gave BTC little reason to rally, leaving Jackson Hole, jobs data and the next CPI release as the markets next catalysts.
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Thrive Holdings, A.I.-Focused Buyer of Service Firms, Raises $2 Billion The company, Thrive Holdings, acquires businesses to infuse them with artificial intelligence and drew interest from backers like SoftBank.
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Cisco sees record results from an AI supercycle, but its stock pulls back An 18% revenue surge and blowout 2027 forecast werent enough to sustain Ciscos stock momentum.
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Paramount just offered up its crown jewel

The Street - 13 Aug 2026 23:47
Paramount just offered up its crown jewel Paramounts $110B mega-merger is on the rocks. To appease state regulators, the media giant is offering up its most famous news brand as a bargaining chip.
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Ethereum Foundation pivots away from Poseidon in post-quantum plan Advances in compact proofs have erased Poseidons previous performance advantage, according to researcher Justin Drake.
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XRP Price Shift Reworks Evernorth Shares Before Its Nasdaq Debut XRPs price at closing will determine how many Evernorth shares investors receive under the amended transaction. Based on Aug. 13 prices, fewer shares are expected, giving each Armada II share a larger interest in Evernor...
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Walmarts bestselling $300 dehumidifier is now 77% off The Egeh Small Home Dehumidifier is on sale for 77% off. Shoppers can help protect their home from humid conditions for just $69.
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Total Wireless plans, prices, and promotions explained

Business Insider - 13 Aug 2026 23:11
Total Wireless plans, prices, and promotions explained Total Wireless offers a small lineup of unlimited plans on Verizon's 5G network. Here's how its prices, hotspot data, and promotions compare.
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U.S. SEC to again delay 'innovation exemption' for tokenization amid Wall Street, White House concerns The SEC was ready to release at least some part of the innovation exemption alongside its now-canceled open meeting for "Reg Crypto" on Friday.
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Independence Day 2026: How debt, dependents, healthcare and inflation can change your 'freedom number' Financial freedom isnt defined by a fixed ₹5 crore or ₹10 crore corpus. Inflation, debt, dependents, healthcare costs and retirement goals can significantly change the amount you need. Heres why your personal freedom...
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I got an £89 refund - how to cancel and avoid unwanted subscriptions After the PM announced a crackdown on subscription traps, readers share how they got into and out of unwanted plans.
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'Big Short' Michael Burry takes aim at surging AI stock Michael Burry added to his bearish bet on Nebius stock after earnings, questioning AI compute pricing and the economics behind its rapid growth
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