Southwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worries
Southwest hired a ship this spring to send fuel from Houston to Los Angeles in case of supply shortages.
IBM’s Krishna tries to reassure investors that AI won’t disrupt company’s software unit
IBM’s CEO highlighted growing mainframe hardware capacity, and said software should “catch back up” within a year.
Amazon and Microsoft pivot cloud gaming strategies to target different players
Amazon is bringing Luna to the Prime Video streaming service, while Microsoft will test an ad-supported streaming of titles that people own.
House lawmakers grill former JPMorgan executive Jes Staley over Epstein ties
House oversight Chair James Comer said Jes Staley defended Jeffrey Epstein and encouraged JPMorgan to retain him despite internal red flags.
American Airlines stock tumbles 8% as fuel spike further postpones turnaround
American Airlines further cut its 2026 earnings outlook, citing higher fuel costs.
Moonshot AI accessed Nvidia’s chips despite Chinese export ban, White House official says
A White House official said Moonshot AI, which released the powerful Kimi K3 model last week, accessed Nvidia’s GB300 chips in Thailand.
IBM lowers full-year forecast after earnings warning
IBM is now looking to improve productivity with artificial intelligence, including with a new coding tool called Bob.
Southwest Airlines’ third-quarter forecast falls short as fuel bill climbs
Southwest Airlines reported a more than 9% increase in second-quarter profit as higher fares are increasingly helping the airline cover its fuel tab.
Amazon cuts some jobs in its artificial general intelligence unit
Amazon’s AGI unit has released a set of AI models, called Nova, and also includes groups working on silicon and quantum computing.
Tesla misses on earnings, as free cash flow turns negative and margins slide
Tesla’s earnings report lands in the midst of a slide in the company’s stock price even as its core auto business is rebounding.
