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Uber Delivers First-Ever Operating Profit
The company’s ride-hailing and delivery businesses grew as efforts to stem losses bore fruit. Source link
BP Profit Declines More Steeply Than Peers'
Second-quarter earnings fell almost 70% from a year-ago bonanza. The London-based oil major boosted its dividend and continued to buy back shares. Source link
Elon Musk's X Sues Nonprofit That Accused It of Allowing Hate Speech
The social-media company alleges that the Center for Countering Digital Hate prepares its research using flawed methodologies to censor viewpoints it disagrees with. Source link
Fast Fashion Aims to Mend Its Image With Repairs
Brands are encouraging shoppers to patch up their old clothes instead of throwing them out as they face growing environmental scrutiny. Source link
X Sign Removed From Former Twitter HQ
The X sign, erected Friday atop the building in downtown San Francisco, was removed after complaints from residents and a city citation. Source link
CVS to Shed 5,000 Jobs in Cost-Cutting Push
The healthcare giant wants to trim corporate roles and spending on travel and its use of consultants. Source link
Fox to Wind Down Sports-Betting Site Fox Bet
The broadcaster is closing its sports-betting venture after it failed to grow as quickly as more dominant competitors in the market. Source link
Small-Business Lending Is About to Change, With Simpler Requirements
An SBA overhaul will make it easier for fintechs and other nonbank lenders to issue loans, prompting worries about defaults. Source link
Jeep Looks to Veer Out of Sales Ditch
The rugged American brand that spawned the modern SUV has posted lower sales for eight straight quarters. Source link
At the Core of Hollywood's AI Fight: How Far Is Too Far?
Studios see potential in the technology, while actors, writers and other industry workers fear the worst. Source link