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.
Level-5 CEO confirms AI use in Professor Layton and Yo-Kai Watch development
Level 5 CEO Akihiro Hino acknowledged using generative AI in recent presentations for Professor Layton and Yo-Kai Watch franchises, prompting both apologies an…
HighTempus AI Acquires Personalis for $1.5B, Despite Market Sell-Off
Tempus AI is acquiring cancer genomics company Personalis for $1.5 billion to integrate molecular residual disease testing into its AI-powered precision oncolo…
HighApple launches three new iPhones under new CEO Ternus
Apple is launching three new iPhone models this week under new CEO John Ternus, marking the company's biggest product slate yet with new color options includin…
MediumNIPCO expands retail, gas infrastructure amid downstream deregulation
NIPCO Plc is expanding its retail network to over 400 stations and strengthening gas infrastructure, positioning itself for growth in Nigeria's deregulated dow…
HighTake-Two CEO Reiterates GTA 6 Strategy on Price, Release Timing
Take-Two's CEO reaffirms GTA 6's release timeline while addressing pricing strategy, stating the company aims to charge significantly less than the game's perc…
HighOura Ring Partners With Mira to Integrate Hormone Data Into Daily Wellness Tracking
Oura Ring and hormone tracker Mira have partnered to integrate lab-grade hormone data with daily wellness metrics, allowing users to correlate hormonal changes…
HighBuffett Honors Cook at Berkshire Meeting as He Steps Into Advisory Role
Warren Buffett publicly praised Tim Cook at Berkshire Hathaway's 2026 annual meeting, highlighting Apple's leadership transition as Buffett steps into an advis…
HighUbisoft CEO Defends Sony's Disc-Free PS5 Move as Market Growth Opportunity
Ubisoft CEO Yves Guillemot supports Sony's 2028 PlayStation disc discontinuation, citing lower console costs and market growth precedent, despite massive fan b…
HighKyndryl's Razor-Thin 1.3% Margin Challenges Bullish Growth Narrative
Kyndryl Holdings closed FY2026 with a 1.3% net margin and volatile quarterly earnings despite stable revenue, raising questions about whether forecast margin e…
HighGaming Community Split on Microsoft's Activision Acquisition Strategy
Gaming fans remain split on Microsoft's $69B acquisition of Activision Blizzard, with critics arguing the company lacks creativity to develop original IPs and…
MediumMeta cuts 8,000 jobs globally as AI competition intensifies
Meta has cut 8,000 jobs globally in a sweeping layoff, with CEO Mark Zuckerberg citing AI competition and the need for efficiency as justification for the work…
HighNvidia Pauses Financing Program After Strong Earnings, Citing Risk Concerns
Nvidia has paused a revenue-sharing financing program for AI cloud companies following strong earnings results, raising questions about the company's risk expo…
HighTelstra charts leadership transition with Brady as CEO, Mullen's chairmanship exit looming
Telstra appoints Vicki Brady as CEO while chairman John Mullen's tenure nears its end, triggering questions about board independence and the company's growth s…
HighTed Turner, CNN Founder and Media Mogul, Dies at 87
Ted Turner, the visionary media tycoon who founded CNN and built a broadcasting empire including TBS, TNT and Turner Classic Movies, died peacefully at 87 afte…
HighCD Projekt Red Expands 'Project Hadar' Team to 50 Developers
CD Projekt Red is hiring up to 50 developers for unannounced 'Project Hadar', currently in concept phase with focus on prototyping gameplay elements alongside…
HighAIxCrypto Holdings Reports Q2 2026 Results Amid Going Concern Doubts
AIxCrypto Holdings held its Q2 2026 earnings call with management discussing strategy and financials, though SEC filings indicate substantial doubt about the c…
MediumXponential Fitness Q4 Loss Challenges Bullish Profitability Turnaround Narrative
Xponential Fitness reported Q4 FY2025 losses of $1.17 EPS and trailing twelve-month losses of $51.1M, testing bullish margin expansion forecasts that project p…
HighGeely Coolray arrives in South Africa as Proton era ends
Geely officially launched its Coolray compact SUV in South Africa, marking the end of Proton's local presence. The vehicle shares its platform with the Proton…
HighSpaceX Eyes Next Week for Starship Launch After Abort Triggers Stock Slide
SpaceX plans another Starship launch attempt next week following an abort, with company shares declining in response to the setback.
HighRobinhood's AI-Blame Strategy Falls Short in 10% Layoff Announcement
Robinhood announced a 10% workforce reduction, with leadership citing AI efficiency gains. Critics argue the company's messaging about automation-driven layoff…
MediumKacholia Nearly Doubles Man Industries Stake Amid SEBI Ban Stay
Prominent investor Ashish Kacholia nearly doubled his stake in Man Industries to 3.04% in Q2, despite recent SEBI sanctions against the company being stayed by…
HighMandanas family's AbaCore Capital divests Batangas properties to Gaisano, retail chain
AbaCore Capital Holdings divested multiple Batangas properties totaling over P58 million to the Gaisano group and a meat processing company, marking the retail…
HighTim Cook Bids Farewell as CEO, Praises Successor John Ternus
Apple CEO Tim Cook announced his transition to executive chairman effective September 1, praising successor John Ternus as the perfect leader while reflecting…
HighPenguin Solutions Pivots to AI Infrastructure Under New CEO Leadership
Penguin Solutions CEO Kash Shaikh presented the company's transformation into an AI solutions business at Goldman Sachs conference, focusing on data center inf…
HighIndustry Workers Rally Against Paramount-Warner Bros. Merger Amid Regulatory Pushback
Entertainment industry workers expressed strong opposition to Paramount's proposed $110 billion acquisition of Warner Bros at a town hall, citing concerns abou…
HighCoinbase Shares Slide 9% as Company Prices $1.25B Convertible Notes
Coinbase shares fell 9% following announcement of $1.25B convertible senior notes offering, while Bitcoin tumbled to 14-week lows after China reiterated crypto…
HighSAMHI Hotels Posts 89% Profit Growth Despite Geopolitical Headwinds, Guides 10-11% FY27 Revenue
SAMHI Hotels achieved 89% profit growth in Q4 2026 while guiding cautious 10-11% revenue growth for FY27, citing geopolitical disruptions and permanent GST imp…
HighKumar Mangalam Birla Takes Vi Helm as Markets Eye Q4 Results from L&T, Hero MotoCorp
Multiple Indian companies released Q4 FY26 results with mixed performance. Key moves include Kumar Mangalam Birla taking helm at Vi and various corporate leade…
HighIowa State Study Validates Bio-Oil From Farm Waste as Viable Well-Plugging Solution
Iowa State University research validates using bio-oils from farm waste to plug abandoned oil wells while sequestering carbon, potentially creating new revenue…
HighPC overtakes console as Capcom's top platform for third consecutive year
Capcom has sold more games on PC than console for three consecutive years, with PC accounting for 32.17 million of 59 million total sales in FY25. Digital sale…
HighTelstra gains customers from Optus outage, but CEO tempers long-term impact hopes
Telstra CEO confirms elevated customer sign-ups following Optus outage, with JPMorgan forecasting up to $125M earnings gain. The telco simultaneously announces…
HighPacific Fusion breaks ground on $1B New Mexico facility in US-China fusion race
Pacific Fusion held a groundbreaking ceremony in Albuquerque for a $1B nuclear fusion facility targeting 100-megajoule output, with support from US Senator Hei…
HighChina’s top brokerages step up global push as overseas profits surge
China's leading brokerages are accelerating international expansion with billions in fresh capital, as overseas revenue and cross-border deal-making surge sign…
HighMeta cuts 8,000 jobs to fund AI expansion
Meta is laying off thousands of employees as part of a strategic pivot toward AI investments, with CEO Zuckerberg framing the move as necessary for competing i…
HighShein's Hong Kong debut disappoints as valuation plummets 74% from $100bn peak
Fast-fashion retailer Shein debuted on Hong Kong's stock exchange at $26bn valuation, down 74% from its $100bn peak, with shares initially sliding 10% amid reg…
HighMerck KGaA acquires Bio-Techne for $11.3B, largest deal since 2015
Germany's Merck KGaA announced an $11.3 billion acquisition of Minneapolis-based Bio-Techne, marking its largest deal since 2015, to expand its life sciences a…
HighTelefónica-Tomás Olivo deal stalls over Gran Vía historic headquarters
Telefónica and entrepreneur Tomás Olivo have hit a negotiation impasse over the sale of the telecom company's historic Gran Vía headquarters in Madrid, valued…
HighChinese chipmaker YMTC claims third place in global NAND memory shipments
Yangtze Memory Technologies surpassed Micron and Kioxia to claim third place in NAND chip shipments globally, driven by AI demand and positioning itself as a m…
HighCalifornia farmers to destroy 420,000 peach trees as Del Monte closes canning operations
California farmers will destroy 420,000 peach trees following Del Monte's closure of canning facilities and bankruptcy, eliminating a major market outlet for t…
HighCook & Ternus Discuss Apple's CEO Transition, TV Strategy at Ted Lasso Premiere
Tim Cook and incoming CEO John Ternus discussed Apple's leadership transition and the future of Apple TV at the Ted Lasso season 4 premiere, with Ternus commit…
HighVW Plans Historic 100,000 Job Cuts as German Carmakers Face Chinese Competition
Volkswagen is planning to cut up to 100,000 jobs and close four German plants as the automaker faces intense competition from Chinese rivals and market pressur…
HighNubank's Q1 profit misses expectations despite revenue beat
Nubank reported Q1 net profit of $871.4M, below analyst expectations of $980M, as accelerated credit portfolio growth and higher loan loss provisions pressured…
HighSantander's Wealth Management unit posts €493M profit as bank benefits from Poland sale
Banco Santander reported €5.455 billion in profits through March, a 60% increase largely driven by gains from selling its Polish subsidiary. The Wealth Managem…
HighBuffett Remains Chairman as Abel Takes Berkshire CEO Helm in 2026
Berkshire Hathaway's board promoted Greg Abel to CEO starting 2026 while Warren Buffett remains chairman, marking a planned succession milestone for the $348 b…
HighNextEra-Dominion merger creates U.S. power giant, raising affordability concerns
NextEra Energy's planned acquisition of Dominion Energy would create the largest U.S. electricity producer, raising concerns about energy affordability and mar…
HighVW CEO warns of 'critical' situation, signals deeper cuts ahead of restructuring talks
Volkswagen CEO Oliver Blume warns the automaker faces critical challenges requiring massive cost cuts and restructuring, potentially including 50,000 additiona…
HighExplosion at Indian Fireworks Factory Kills at Least 25; Owners Flee
At least 25 people died in an explosion at a fireworks factory in Tamil Nadu, India, with police investigating the site owner and foreman who fled the scene. A…
HighNintendo Investors Push for Switch 2 Price Hike Amid Hardware Loss Concerns
Nintendo investors are pressuring the company to raise Switch 2 prices or discontinue the Japanese-exclusive model, citing concerns that the console is current…
MediumIndian Markets Tumble as Sensex Breaks 70K, Nifty Slides Below 21K
India's benchmark indices Sensex and Nifty fell sharply Friday, with Sensex dropping 600 points below 70,000 and Nifty slipping below 21,000, following weak gl…
HighUber cuts 10% of global workforce as Australian staff face redundancy
Uber is eliminating 10% of its 34,000-person workforce globally, including Australian employees, while committing $14 billion to autonomous vehicle development.
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