Business – Page 12 – The Golden Capital

Ontario cancels internet deal with Musk’s Starlink as part of U.S. tariff fight

adminAugust 1, 20250

The Canadian province of Ontario has canceled a C$100 million ($68.12 million) satellite high-speed internet contract with Elon Musk’s company Starlink, following through with a vow by the province’s premier to cut ties in retaliation for U.S. tariffs imposed on Canada. Stephen Lecce, Ontario’s minister of energy and mines, confirmed the cancellation of the contract […]

Business

Apple crushes Wall Street expectations as iPhone sales soar

adminAugust 1, 20250

SAN FRANCISCO — Apple on Thursday reported sales and profit that far surpassed expectations, showing that its efforts to re-route its sprawling global supply chain away from U.S. President Donald Trump’s trade war have so far succeeded. Apple said it earned $94.04 billion in revenue for its fiscal third quarter ended June 28, up nearly […]

Recall warns some Celsius energy drink cans accidentally contain alcohol

adminJuly 31, 20250

The canned cocktail maker High Noon is warning customers that some of its vodka seltzers were accidentally labeled as Celsius energy drinks. In a recall notice posted to the Food and Drug Administration’s website, High Noon said an unspecified number of its Beach Variety packs contain cans are filled with High Noon vodka seltzer alcohol […]

Trump ends de minimis exemption for global low-cost goods

adminJuly 31, 20250

President Donald Trump on Wednesday signed an executive order ending the de minimis trade loophole for low-value packages shipped from all countries. The order, which takes effect Aug. 29, will subject any shipments of imported goods into the U.S. worth $800 or less to duties, the White House said. Any goods shipped through the international […]

Union Pacific to buy Norfolk in $85 billion mega U.S. railroad deal

adminJuly 30, 20250

July 29 (Reuters) – Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85-billion deal to create the country’s first coast-to-coast freight rail operator and reshape the movement of goods from grains to autos across the U.S. If approved, the deal would be the largest-ever buyout in the sector and […]

Elon Musk confirms Tesla has signed a $16.5 billion chip contract with Samsung Electronics

adminJuly 29, 20250

Samsung Electronics has entered into a $16.5 billion contract for supplying semiconductors to Tesla, based on a regulatory filing by the South Korean firm and Tesla CEO Elon Musk’s posts on X. The memory chipmaker, which had not named the counterparty, mentioned in its filing that the effective start date of the contract was July […]

Things are getting better at Boeing under CEO Ortberg, but can he keep it going?

adminJuly 29, 20250

After spiraling from crisis to crisis over much of the past seven years, Boeing is stabilizing under CEO Kelly Ortberg’s leadership. Ortberg, a longtime aerospace executive and an engineer whom the manufacturer plucked from retirement to fix the problem-addled company last year, is set this week to outline significant progress since he took the helm […]

Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025

adminJuly 27, 20250

Palantir has hit another major milestone in its meteoric stock rise. It’s now one of the 20 most valuable U.S. companies. The provider of software and data analytics technology to defense agencies saw its stock rise about 3% on Friday to another record, lifting the company’s market cap to $375 billion, which puts it ahead […]

Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him

adminJuly 26, 20250

Microsoft has laid off over 15,000 people so far in 2025. The stress of the belt-tightening has gotten to CEO Satya Nadella. “Before anything else, I want to speak to what’s been weighing heavily on me, and what I know many of you are thinking about: the recent job eliminations,” Nadella wrote in a memo […]

FCC greenlights Paramount’s $8 billion merger with entertainment group Skydance

adminJuly 26, 20250

Trump administration regulators have approved Skydance Media’s $8 billion bid to acquire CBS News parent company Paramount, paving the way for a tectonic shift in ownership of one of America’s three major networks. The Federal Communications Commission said Thursday that it had approved the acquisition, with FCC Chairman Brendan Carr adding in a news release […]

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Category: Business

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Ontario cancels internet deal with Musk’s Starlink as part of U.S. tariff fight

Apple crushes Wall Street expectations as iPhone sales soar

Recall warns some Celsius energy drink cans accidentally contain alcohol

Trump ends de minimis exemption for global low-cost goods

Union Pacific to buy Norfolk in $85 billion mega U.S. railroad deal

Elon Musk confirms Tesla has signed a $16.5 billion chip contract with Samsung Electronics

Things are getting better at Boeing under CEO Ortberg, but can he keep it going?

Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025

Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him

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Editor’s Picks: Gold, Silver Prices Dip and Bounce Back, Plus Top Takeover Candidate

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