Alcoa to Acquire South32’s Aluminum Assets in $5.6 Billion Deal
The deal boosts Alcoa’s production by over 50% and delivers $900M in synergies.
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NIO and XPeng Surge to New 2026 Highs as Li Auto Posts Second Straight Monthly Decline
China’s top EV makers delivered mixed results in June 2026. NIO and XPeng achieved strong year-over-year growth, while Li Auto saw sales drop for the second straight month.
General Mills Beats Q4 Estimates as Pricing and Demand Support Results
General Mills topped Wall Street forecasts in Q4 with higher pricing and steady demand. Adjusted EPS hit 95 cents vs 80 cents expected.
Meta Plans Cloud Business to Monetize Excess AI Compute Capacity
Meta is developing a new cloud offering to monetize its massive AI infrastructure, selling GPUs, servers, and Llama models to external customers.
Kroger Strikes $1.65 Billion Deal for Giant Eagle After Albertsons Setback
The deal expands Kroger’s Midwest presence and is expected to close in 2027.
Swedish Court Orders Google to Pay Klarna $1.97 Billion in Antitrust Victory
The ruling highlights unfair search practices that harmed competitors and raised consumer prices.