Wall Street tumbled as a tech stock sell-off sparked AI bubble fears, sending the Nasdaq 100 into correction and pressuring Intel, Meta, and Apple.

OpenAI slashed its funding target by $10 billion to seek $20 billion at a $1.25 trillion valuation amid a broader tech stock rout and AI spending concerns.

McDonald's faces a legal setback after a federal judge allows consumer deception and fraud claims over its McRib sandwich to proceed while dismissing other claims.

Revenue rose 28.5% year on year to ₹3.38 trillion. Ebitda at the O2C business soared 68%.

CHICAGO – Alaska Air Group said on Friday it would eliminate about 200 non-contract positions as soaring fuel prices and geopolitical challenges squeeze its finances, with its chief executive warning of a potential $700 ​million annual loss. The cuts suggest the Iran war-linked fuel-price shock, which has already prompted U.S. airlines to raise fares and scale back flight growth, is now ⁠affecting airline jobs.

Krishna Rao, CFO of Anthropic, expertly manages the company's financial strategy and computing investments as it prepares for a major IPO, driving its rapid growth in the AI industry.

Rio Tinto's first-half revenue rose 15%. The company is expected to reach a $1.8 billion annualized productivity benefit run-rate by the end of 2026.

The attack unfolded in about 20 minutes and hit 30 to 40 different tokens. Binance said customer funds are safe. The exchange has frozen $4.2 billion and is working to recover the funds.