Morgan Stanley's results in the quarter were powered by the firm's fixed income and equities trading operations, which produced about $8.5 billion in revenue.
General Motors announced it will launch new gas-powered Cadillac vehicles, including the CT5 sedan, XT5, and XT6 SUVs, starting next spring and continuing into 2028. This marks a shift from its previous all-electric strategy for Cadillac, driven by slower EV adoption and eased US emissions standards.
Battery materials startup Sila secured $300 million in funding to expand its Moses Lake, Washington factory, aiming to produce enough silicon-carbon anode material for over 100,000 electric vehicles annually. This expansion supports EV and energy storage markets amidst global sales growth and a search for alternatives to Chinese graphite.
Apple is reportedly partnering with Klarna to introduce "Apple Upgrade," a new lease-to-own program launching July 28. It allows consumers to pay for iPhones, iPads, Macs, and Apple Watches over multi-year periods, aiming to make recent price hikes more palatable amid supply chain issues.
Paramount's $111 billion acquisition of Warner Bros. Discovery, initially approved by the U.S. Department of Justice, has been temporarily paused by a federal judge following a lawsuit from 12 state attorneys general, citing concerns over competition.
Bluecore Energy, a maritime nuclear energy startup, secured $10 million in pre-seed funding led by Slauson & Co. The company aims to provide clean power to ports and infrastructure using small nuclear reactors on floating barges, leveraging existing water-cooled technology.
A UC Davis study reveals that 89% of packaged foods claiming to use only avocado oil are adulterated with cheaper oils like soybean oil, despite consumers paying a premium. This widespread fraud, also found in bottled avocado oils, raises concerns about consumer trust and industry regulation.
