Business
Rocket Lab reported record Q2 revenue of US$234m and a US$2.4b backlog, while CEO Peter Beck highlighted data centres in space as a growth opportunity following the company's US$8b acquisition of satellite operator Iridium.
DPC Dash Insiders Signal Confidence With HK$65m Stock Purchases
DPC Dash insiders purchased HK$65.4m in stock over the past year, with significant buying in recent months, suggesting leadership confidence in the company's p…
MediumSimplyGo fixes pre-peak discount glitch affecting 210,000 daily journeys
SimplyGo resolved a configuration error that prevented pre-peak rail fare discounts from being applied to 210,000 daily journeys on Aug 20-21. The issue affect…
HighModerna's $2.8B Loss Amid Pipeline Expansion Fuels Valuation Debate
Moderna posted a $2.8 billion net loss on $1.9 billion trailing 12-month revenue, continuing a pattern of heavy losses despite solid sales. The stock trades at…
HighUiPath Raises FY26 Revenue Guidance to $1.576B on AI Automation Strength
UiPath raised FY26 revenue guidance to $1.576B, citing stronger execution and AI-driven automation platform innovation. The company credits synergies between a…
MediumKey stocks in focus: BEL, BPCL, Airtel report Q4 results amid mixed earnings
Major Indian companies including BEL, BPCL, and Bharti Airtel released Q4 FY26 results with mixed performance. BEL showed 5% profit growth while BPCL's net pro…
HighParamount's WBD acquisition stalls as California regulators block merger talks
Paramount CEO David Ellison faces regulatory obstacles in his bid to acquire Warner Bros. Discovery, with California canceling merger talks and legal complicat…
HighCoca-Cola's Multipolar Marketing Strategy Tests WPP and Publicis in High-Stakes Review
Coca-Cola is running simultaneous, data-driven campaigns targeting different consumer moments—World Cup, U.S. patriotism, QSR sales—requiring distinct media pl…
HighQiagen Stock Down 34% in 3 Months; Analysts See 60% Upside at $53.53
Qiagen's stock has declined 34% over three months, trading at $33.51 versus analyst fair value estimates around $53.53, raising questions about whether the pul…
MediumJAL stakes claim in Korean Air's parent amid shareholder power struggle
Japan Airlines acquired an undisclosed stake in Hanjin KAL, Korean Air's holding company, while signing a partnership expansion memorandum. The move comes as o…
HighCCC Intelligent Solutions explores sale with Morgan Stanley guidance
CCC Intelligent Solutions, a Chicago-based software provider serving the insurance and auto industries, is exploring a sale with Morgan Stanley's guidance. The…
HighAsian Paints surges 6% on MSCI weight boost and rival CEO exit
Asian Paints shares rallied 5.8% to Rs 2,631 driven by increased MSCI index weightage and the resignation of Grasim's paint division CEO, signaling competitive…
HighCyberpunk 2077 hits 40M sales, outselling Witcher 3's six-year pace by 10M
Cyberpunk 2077 has sold over 40 million copies in six years, surpassing The Witcher 3's sales pace by 10 million units and becoming CD Projekt Red's primary re…
HighHavells shares tumble 7% as brokerages cut targets on mixed Q4 results
Havells India shares fell 6.7% after Q4FY26 results showed mixed performance with 2% revenue growth. Most brokerages cut target prices citing subdued consumer…
HighNintendo shares tumble 6% on delayed Switch successor reports
Nintendo shares fell 6% following reports that its next-generation console successor will launch in early 2025 rather than later this year, though the company…
HighSamsung Unveils Connected Care Ecosystem at VivaTech, Bridging Wellness and Clinical Health
Samsung showcases integrated connected care solutions at VivaTech 2026, combining Galaxy devices, Samsung Health platform, and partner ecosystems to enable pro…
HighOpenAI settles DOJ hiring discrimination case for $3.2M
OpenAI will pay $3.2 million to settle DOJ allegations it discriminated against U.S. workers by favoring foreign visa holders in hiring through discouraged rec…
HighWorld Cup ticket surge fuels fraud warnings as scammers target desperate fans
Industry experts warn that record World Cup ticket prices are fueling cyber fraud and scams, with forecasts of 28,500+ suspicious transactions globally. Crimin…
HighSuper Patch's Drug-Free Patches Hit $200M Revenue With Vibrotactile Technology
Super Patch, a bootstrapped wellness company, has reached $200M revenue using Vibrotactile Trigger Technology to deliver drug-free health benefits through skin…
MediumWendy's Same-Store Sales Decline Challenges Growth Thesis Amid Margin Compression
Wendy's FY2025 results show same-restaurant sales declining 4.7% while margins compress, testing investor bullish narratives despite 8x P/E valuation discount…
HighAmazon Bets $200B on AI Infrastructure Over Model Innovation
Amazon is prioritizing data center infrastructure and AI capabilities over competing for the best AI models, committing $200B in capex for 2026 and raising $25…
HighOld Mutual's H1 profit surges 175x to Sh882m on insurance recovery
Old Mutual Holdings' net profit jumped Sh877 million to Sh882 million in H1 2026, driven by insurance business recovery and strong investment returns.
HighXbox CEO Positions Project Helix as Multi-Device Strategy, Emphasizes Affordability
Xbox CEO Asha Sharma positions Project Helix as a family of devices while prioritizing affordability for next-generation consoles. The company also launches a…
HighDunamu & Partners Backs AI Inference Startup Kalosm in $100M Seed Round
Dunamu & Partners invested $5M in UK-based Kalosm, an AI inference optimization startup that uses multi-model approaches to reduce costs by 70% and improve pro…
HighGreg Abel Takes the Helm at Berkshire's First Meeting Without Buffett
Greg Abel hosts his first annual meeting as Berkshire Hathaway CEO following Warren Buffett's transition, with investors scrutinizing leadership continuity and…
HighFBI Raids Texas Home Tied to Suspect in Molotov Attack on OpenAI CEO Sam Altman's SF Residence
A 20-year-old suspect arrested for throwing a Molotov cocktail at OpenAI CEO Sam Altman's SF home is linked to a Texas property raided by the FBI. A separate s…
HighEnter becomes Latin America's first AI unicorn in new funding round
Enter has achieved unicorn status as Latin America's first AI-focused startup, securing a new funding round that values the company at over $1 billion.
MediumTelefónica posts €8.1B Q1 revenue, confirms 2026 targets despite €411M LATAM loss
Telefónica reported €8.127 billion in Q1 revenues and reaffirmed 2026 financial targets, though the company recorded €411 million losses from Latin American as…
HighFormer Whangārei Mayor Semenoff Wins Employment Dispute With Son
Former Whangārei Mayor Stan Semenoff's transport company won an employment dispute with his son Alexander, with authorities finding their relationship was inde…
HighVALOFE Unveils 'Master of Fantasy' Development with Nostalgic OST Rights
VALOFE released a making-of video for its upcoming 2D MMORPG 'Master of Fantasy,' featuring development footage and securing rights to the original soundtrack…
HighRunable levanta US$21M: el agente IA que construye y vende para tu negocio
La startup india Runable cerró una Serie A de US$21 millones para desarrollar agentes de IA que no solo construyen negocios, sino que también captan clientes y…
HighMother sues OpenAI, alleging ChatGPT design choices led to daughter's suicide
A Canadian mother is suing OpenAI, claiming the company's design choices in ChatGPT prioritized engagement over safety, contributing to her 24-year-old daughte…
HighNatalia Dyer Becomes Global Muse for K-Beauty Brand Purito Seoul
Actress Natalia Dyer has been named the first global muse for Purito Seoul, a Korean skincare brand targeting international expansion. The appointment supports…
HighUnion Bank shares tumble 10% as Q4 profit beat masks margin pressures
Union Bank of India shares fell 10% in two days after Q4 results disappointed despite 6.6% net profit growth, as weak NII, margin pressure, and elevated provis…
HighSpaceX warns GPU shortage threatens orbital data center plans
SpaceX's SEC filing reveals critical GPU supply chain vulnerabilities threaten its orbital AI infrastructure ambitions, with the company dependent on spot purc…
HighVita Coco Surges 6% on Stephens Upgrade to Overweight
Vita Coco shares jumped over 6% after Stephens upgraded the stock to overweight and raised its price target to $58 from $40, signaling renewed analyst confiden…
HighFDA tightens import enforcement as pesticide residues spike in foreign foods
The FDA is increasing enforcement of import regulations due to rising pesticide residues and unsafe additives in foreign food products, with over 22,000 sample…
HighNextEra-Dominion Merger Signals AI-Driven Utility Consolidation Wave
NextEra Energy's acquisition of Dominion Energy signals a wave of utility mega-mergers driven by surging AI data center power demands, raising concerns about e…
HighTim Cook's Apple Legacy: From $350B to $4T in 15 Years
Tim Cook hands over Apple CEO role after 15 years, leaving a legacy of unprecedented growth: market cap increased tenfold to $4 trillion, net income up 699%, a…
HighSBI Funds Management IPO reserves Rs 750 crore for 38 lakh SBI shareholders
SBI Funds Management's Rs 11,693-crore IPO reserves 1.3 crore shares worth Rs 750 crore for 38 lakh eligible SBI shareholders, opening July 14 at Rs 545-574 pe…
HighMoEngage Acquires Aampe to Advance AI-Powered 1:1 Customer Personalization
MoEngage acquired AI infrastructure company Aampe to integrate per-user autonomous agents into its customer engagement platform, enabling 1:1 personalization a…
HighCanaccord Cuts Triple Flag Precious Metals to Hold Amid Mixed Analyst Views
Canaccord Genuity Group downgraded Triple Flag Precious Metals from strong-buy to hold, though the stock maintains a moderate buy consensus with a $24 price ta…
HighGoldman Sachs, Morgan Stanley Lead Rs 765 Cr Stake Buy in Akzo Nobel India
Goldman Sachs, Morgan Stanley, and other global financial entities acquired a combined 5% stake in Akzo Nobel India for Rs 765 crore, reducing promoter ICI's h…
HighJudge blocks Pentagon's blacklisting of Anthropic, rules Trump administration action unlawful
A US judge ruled that the Pentagon's blacklisting of AI company Anthropic as a supply chain risk was unlawful, blocking what the court found to be illegal reta…
HighTelstra retreats from 'telco for everything' strategy under Brady
Telstra CEO Vicki Brady is abandoning the company's strategy of diversified services to refocus on core telecommunications infrastructure and partnerships, cut…
HighToyota surges on hybrid demand while GM stumbles in Q2 sales race
Toyota's U.S. sales rose 1% in Q2 driven by nearly 20% hybrid growth, while GM declined 4.2% as consumers shift toward fuel-efficient vehicles amid inflation c…
HighNintendo shares tumble 7% as Switch 2 price hike and weak game pipeline unsettle investors
Nintendo's shares fell 7% after announcing Switch 2 price increases and issuing underwhelming sales guidance, raising concerns about its game pipeline and cons…
HighXbox hits record $16.28B revenue in 2021, best year in franchise history
Microsoft's Xbox division reported record revenue of $16.28 billion in 2021, driven by blockbuster game launches like Halo Infinite and Forza Horizon 5, the Be…
HighSBI Files Draft Prospectus for Funds Management IPO, Offering 10% Stake
State Bank of India filed a draft prospectus for IPO of SBI Funds Management Limited, offering 10% stake through 203.7 million shares. The subsidiary contribut…
HighMeta pulls ads aimed at recruiting plaintiffs for social media addiction lawsuits
CHICAGO, April 9 (Reuters) - Meta Platforms said on Thursday it is pulling ads from Facebook and Instagram aimed at recruiting new plaintiffs for ongoing liti…
MediumAsian chip stocks plunge as semiconductor selloff spreads from U.S.
Asian semiconductor stocks extended losses Wednesday with SK Hynix dropping over 10% despite record profits, as global chip sector weakness spreads across Sout…
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