Business

Chinese robot beats Usain Bolt's 100-meter record at Beijing games

At the second World Humanoid Robot Games, a Tiangong Ultra robot ran 100 meters in 9.39 seconds, below Usain Bolt's 9.58-second mark.

Amazon raises Echo Dot price 60% overnight, citing memory costs

The base Echo Dot jumped 60 percent to $79.99, the eero Pro 7 rose $100, and Ring products were left unchanged.

China fines Evergrande companies $2.35 billion, jails Hui for life

Liquidators have sold just $255 million of assets against $45 billion in creditor claims, leaving creditors little to recover.

SpaceX slips below $135 IPO price as 319 million shares unlock

The Day 70 tranche is the second August unlock, and the largest releases, including 1.3 billion shares, arrive in November and December.

Meta's 'problematic use' label undercounted teen harm, witness testifies

The whistleblower is the first witness for 29 states seeking a nationwide order and deletion of Meta's data on children under 13.

Spent SpaceX rocket carves 60-foot crater on the Moon

The debris drifted for more than 18 months after launching two commercial landers before orbital forces bent it into the Moon.

Treasury yields hit a 19-year high as debt supply meets thinner demand

The 30-year yield reached 5.33% as record deficits and a wave of corporate AI debt eroded demand for government bonds.

Trump pauses 50% tariffs on $20 billion in Canadian goods

Duties on hockey sticks, dairy and liquor snap back automatically Saturday if negotiators miss the Friday deadline for a signed deal.

Mortgage rates near 7% as 30-year Treasury yield tops 5.32%

The 30-year bond touched 5.323% before easing, while the average 30-year mortgage rose to 6.75% and used-car loans neared 10.6%.

Frasers rescues Harvey Nichols in pre-pack deal, saving 1,000 jobs

The August 13 pre-pack transfers six stores, the online business and international franchises to Frasers, while the OXO Tower restaurant is sold separately.

Court filings tie Anthropic's book purchases to AI training

Dealers in Washington and Galway say anonymous buyers ordered up to 5,000 obscure titles at a time, filings in Bartz v. Anthropic show.

Japan orders over 218,000 to evacuate as Chiba rain turns deadly

Suspended trains stranded hundreds at Chiba Station as record rain cut power to more than 10,000 households.

The job market is cooling and the Fed is still debating a rise

Futures traders cut the odds of a September rate rise after the July jobs report, but Fed officials had spent the week arguing for higher rates to fight inflation.

US payrolls fell 23,000 in July as revisions erased 103,000 jobs

American employers cut 23,000 jobs in July and the government marked down May and June by a combined 103,000, leaving the labor market weaker than it had looked a month earlier.

Sweetgreen cuts 2026 sales outlook on cyclospora outbreak fears

Chipotle lost about two points of late-July sales to the same fears. Salad and Go filed for Chapter 11 on Tuesday.

Greenhouse says 2,539 people apply for every 10 job openings

Candidates who flag one role a month as a top priority get hired at about five times everyone else's rate.

Eli Lilly revenue jumps 48% as Novo Nordisk stumbles

Among drugmakers only Lilly now carries a market value above $1 trillion, though Foundayo, its new oral obesity pill, came in just under forecasts.

Ford prices Fathom electric pickup at $28,350

Ford has not shown the truck, published battery specs or confirmed a range, and will not reveal the design until preorders open early in 2027.

Honeywell Aerospace cuts 2026 forecast, shares fall 21%

Precision castings. Two percent of more than 3,000 suppliers make the whole bottleneck, and aerospace chief Jim Currier admits Honeywell misjudged how long it would take.

Singapore Exchange lifts dividend 52% on record annual revenue

A year ago six companies listed on the exchange; this year 21 did. Revenue has nearly doubled in a decade, to more than S$1.5 billion from just over S$800 million.

Hiring slows to 37,000 a month as layoffs hit 1969 low