Business

Iran's state television reported that seven oil tankers were either struck by attacks or hit naval mines in the Strait of Hormuz overnight Thursday, possibly making this the largest single-day number of vessels damaged in the waterway since the Iran war started on Feb. 28.

Video game publisher Electronic Arts is shutting down the popular and influential game development studio BioWare after more than three decades. The upcoming “Mass Effect” game, the fifth since 2007, has been canceled.

Asian shares and U.S. futures retreated on Thursday after a rally on Wall Street, where U.S. stocks were lifted by strong profit reports from SpaceX, Capital One Financial and other big companies.

Russia prides itself on its digital advances — from an extensive e-commerce services sector to ambitious plans for developing artificial intelligence.

NEW YORK (AP) — Tesla reported a decline in profit for the latest quarter but a measure of cash its business generated surged, leaving investors with a mixed picture as it prepares for a possible merger with Elon Musk’s other big company, SpaceX.

Meta Platforms said Wednesday that its third-quarter profit jumped more than threefold, as the social media giant's revenue climbed sharply.

A judge on Wednesday ordered Meta to pay New Mexico $25 billion after a jury found the company liable for deceiving users about privacy on Facebook, marking the biggest fine ever against the tech giant.

Dan Gilbert, the billionaire co-founder of Rocket Mortgage, says he will contribute $1 billion to the redevelopment of the Renaissance Center in Detroit, a set of skyscrapers that formerly housed the headquarters of General Motors. Set along the Detroit River, the center was hailed as a major success in revitalizing the city after riots in the late 1960s, but in recent years it has become almost entirely vacant and fallen into disrepair.

NEW YORK (AP) — The history of corporate mergers is littered with failure but investors in Tesla and SpaceX seem to believe Elon Musk can pull off the biggest tie-up of all time.

BERLIN (AP) — Nvidia CEO Jensen Huang urged players in Europe's lagging artificial intelligence industry to get going and touted a modular system to quickly build AI data centers with the massive computing capacity the continent's developers need but currently lack.

An AI-assisted discovery of vulnerabilities in a widely used programming language led governments and other organizations in Europe and the U.S. to take their websites offline temporarily Wednesday as they scrambled to make security updates.

LONDON (AP) — Inflation in the U.K. rose to its highest rate in almost a year as the Iran war continues to ratchet up fuel prices, official figures showed Wednesday, cementing market expectations that the Bank of England will raise interest rates next month.

ANKARA, Turkey (AP) — Turkey’s government has asked parliament to ratify a mutual defense agreement it signed with Saudi Arabia and Pakistan, bringing the country closer to bolstering Saudi defenses as it faces attacks from Iran-backed Houthi rebels.

LONDON (AP) — The U.K. government approved a natural gas project off Scotland's coast over the objections of environmental groups on Wednesday, saying it would improve energy security even as the country transitions to renewable sources.

This coming year will be filled with interesting opportunities if you’re planning to buy a new full-size truck. Two trucks are fully redesigned, and three others benefit from meaningful updates. To help you decide which truck might be best, Edmunds’ auto experts have compiled the essential information you need to know about the 2027 class of full-size light-duty trucks. All of the following prices include destination charges.