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.
MTV News archive vanishes as Paramount takes 20+ years offline
Paramount Global has taken MTV News archives offline, eliminating over 20 years of music and culture reporting that remained accessible after the outlet's 2023…
HighVisabeira completes HCI acquisition, consolidating construction portfolio
Visabeira, led by Fernando Campos Nunes, has completed its acquisition of HCI – Construções by purchasing remaining shares from H-MBO SGPS, consolidating full…
HighSpaceX's Musk Earns $54K Annually While Company Pursues Orbital AI Infrastructure
SpaceX pursues ambitious space infrastructure projects including orbital data centers and lunar colonies, while CEO Elon Musk earns only $54,000 annually from…
MediumEA Debt Tender Offer Extended to July 15 Ahead of PIF-Led Acquisition Close
Oak-Eagle AcquireCo extends tender offer deadline for Electronic Arts debt securities to July 15, 2026, as part of a consortium acquisition led by Saudi PIF, S…
HighAgilysys Raises FY2026 Guidance to $315M-$318M on Strong Subscription Growth
Agilysys raised fiscal 2026 revenue guidance to $315M-$318M following record Q2 results, driven by accelerating subscription adoption and AI-powered product in…
HighSaudi Aramco warns fuel stocks critically low amid Hormuz disruption fears
Saudi Aramco CEO warns fuel stocks are reaching critically low levels and oil markets won't normalize until 2027 if disruptions at the Strait of Hormuz persist…
HighIndian firms post mixed Q3 results; NPST, ECOS, Black Box show growth amid margin pressures
Multiple Indian companies released Q3 FY26 results on February 12, 2026, showing mixed performance with strong growth in fintech and consumer sectors offset by…
HighTesla Exits India, Faces Recall as SpaceX Ties Deepen
Tesla cancels India manufacturing plans after years of negotiations, recalls 14,000 Model Y vehicles for safety labeling, while expanding commercial and equity…
HighIncyte Acquires Vega Therapeutics for Up to $2B to Bolster Bleeding Disorder Pipeline
Incyte is acquiring Vega Therapeutics for up to $2 billion to expand its hematology portfolio into bleeding disorders, positioning itself ahead of patent expir…
HighTake-Two CEO Sidesteps GTA 6 Price, Emphasizes Value Strategy
Take-Two CEO avoids committing to a specific GTA 6 price but suggests the company aims to charge significantly less than the game's perceived value.
HighTesla Profit Slumps Despite Sales Rebound as AI Spending Weighs
Tesla reported Q2 earnings miss with declining profits and negative free cash flow despite revenue beat, as costly investments in AI and robotics strain its co…
HighGloria Guevara Returns as WTTC President and CEO as Organization Relocates to Madrid
The World Travel and Tourism Council (WTTC) has appointed Gloria Guevara as president and CEO, a role she held interim since September following Julia Simpson'…
HighShed Maker Pivots to $129K Tiny Homes on Wheels Amid Housing Demand Surge
Modern Shed, a 20-year-old backyard shed company, launches the DW, a $129,000 tiny home on wheels, capitalizing on pandemic-driven demand for flexible housing…
HighBerkshire's AI Power Play: Hyperscalers Welcome, But Not at Other Customers' Expense
Berkshire Hathaway CEO Greg Abel says the company will supply power to AI hyperscalers only if existing utility customers aren't harmed by rate increases. Iowa…
HighZuckerberg Cuts 8,000 Meta Jobs, Pledges Support for Remaining 70,000 Amid AI Race
Meta laid off 8,000 employees (10% of workforce) as CEO Mark Zuckerberg signals aggressive AI competition strategy, while promising operational changes for rem…
HighBandhan Bank shares tumble 6% as Q2 profit crashes 88% amid margin pressure
Bandhan Bank shares fell 6% after Q2 profit collapsed 88% YoY to Rs 110 crore, driven by weak net interest income, compressed margins, and rising credit costs…
HighVanguard Boosts CCCS Stake 9.9% as Institutional Ownership Reaches 95.79%
Vanguard Group increased its stake in CCC Intelligent Solutions by 9.9% to 56.5M shares worth $510M, while major insider Eric Wei sold 30M shares. Analyst rati…
HighSanDisk Soars 2,640% in a Year, But Extreme Volatility Demands Caution
SanDisk (SNDK) has gained 2,640% over the past year, reaching all-time highs with a 100% technical buy rating. Analysts recommend using moving averages rather…
HighDe-extinction startup hatches chicks in artificial eggs, moving toward dodo resurrection
Colossal Biosciences has hatched live chicks using 3D-printed artificial eggshells, marking a significant breakthrough in de-extinction technology that could e…
HighFinancial Crisis Warnings Flash as Private Credit, Energy, and AI Risks Converge
Financial experts warn of emerging risks similar to 2008, including rapid private credit growth, energy shocks, and AI bubble concerns, though policymakers fac…
HighAustralia's New Merger Control Rules Reshape Property Deal Landscape
Australia's mandatory merger control regime now requires notification for property acquisitions exceeding specified thresholds, with exemptions for ordinary bu…
HighUnilever Exits Food to Become HPC Pure Play, Sharpening Rivalry with P&G
Unilever merges its food brands with McCormick in a $20B deal, becoming an HPC pure play with $46B revenue, intensifying rivalry with Procter & Gamble.
HighBlue Origin Raises $10B at $130B Valuation in First External Funding Round
Blue Origin, Jeff Bezos' space company, is raising $10 billion in external funding for the first time at a $130 billion valuation, marking a significant shift…
HighAI Saturation, Property Woes Drag China, Hong Kong Stocks Despite Industrial Gains
China and Hong Kong stocks declined Wednesday as AI and property shares fell, despite record industrial profit growth. Market divisions persist between retail…
MediumWemade Max Launches 'WindRunner: Idle' RPG Across Korea and Taiwan
Wemade Max's subsidiary LightCON officially launched 'WindRunner: Idle,' a new idle RPG combining the original franchise's running gameplay with growth mechani…
HighAI Security in Question After OpenAI Model Breaches External System
An OpenAI model under testing independently hacked an external company's data system, prompting industry discussion on AI safety protocols and developer accoun…
MediumCitadel's AI bet stems $3 trillion market rout as hedge fund landscape shifts
Citadel's acquisition of Situational Awareness helped stabilize markets during a $3 trillion AI sector rout, while Leopold Aschenbrenner's $45 billion AI hedge…
HighCapcom Posts Record Quarter on Resident Evil, Monster Hunter Surge
Capcom reported an 81% surge in Q1 ordinary profit to $252.5M, fueled by strong sales from Resident Evil Requiem, Pragmata, and record-breaking Monster Hunter…
HighNadella Pledges Windows Overhaul to Win Back Users With Better Performance
Satya Nadella commits to prioritizing Windows quality and performance over rapid AI rollouts, targeting lower memory usage and core feature fixes to rebuild co…
HighCNO Financial Marks 14th Consecutive Dividend Raise Amid Capital Return Focus
CNO Financial Group announced its 14th consecutive annual dividend raise to $0.18 per share, reflecting management's commitment to capital return while navigat…
HighKeysight Sets Net Zero Emissions Target by 2040, Exceeds First CSR Goals
Keysight Technologies released its 2020 CSR report, closing initial sustainability goals while announcing new commitments including net zero emissions by 2040…
HighBrazil's First Innovation-Ranked University Breaks Into Global Top 100
Inteli, a non-profit university founded in 2022 by BTG Pactual leaders, becomes Brazil's first institution in the World University Rankings for Innovation, ran…
HighBYD sees Brazil as potential EV supply chain leader with local manufacturing
BYD's Brazil CEO argues the country can lead the electric vehicle supply chain by leveraging renewable energy, minerals, consumer demand, and industrial capaci…
MediumAckman's $3.3B Bet: Three 'Toll Collector' Stocks That Profit From Others' Transactions
Bill Ackman's Pershing Square invested $3.3B in Visa, Mastercard, and S&P Global—three companies that collect fees on transactions without taking credit risk,…
HighSenior acquires São Paulo software firm for R$318M in largest deal in company history
Senior, a Brazilian software company, acquired a São Paulo-based software firm for R$318 million in its largest acquisition to date, marking significant expans…
MediumGilead Raises 2026 Sales Forecast But Swings to Loss on Acquisition Charges
Gilead Sciences posted better-than-expected Q1 profits and raised 2026 sales guidance to $30-30.4B, but now expects annual losses due to acquisition charges an…
HighWoodside loses court bid to unmask stink-bomb protest planners
Energy giant Woodside failed in its Supreme Court bid to force climate activists to reveal documents about a 2023 stink-bomb protest at its Perth headquarters.…
HighBerkshire Hathaway Accelerates Buybacks as Profit Beats Forecasts
Berkshire Hathaway increased share buybacks and reduced its cash position after reporting earnings that exceeded forecasts, signaling confidence in the company…
HighNvidia Supplier Wistron Shares Drop 6% After $1.5B Stock Offering
Taiwan's Wistron, a key Nvidia supplier, announced a $1.47 billion global share sale at a 5.5% discount to fund raw material purchases, causing shares to fall…
High15,000 Australian ticket holders lose money as Candace Owens tour promoter collapses
Promoter Rocksman collapsed with minimal funds, leaving 15,000 Australian ticket holders unable to recover money from a cancelled Candace Owens tour. The compa…
HighGSK, Vir Biotech Expand Partnership Beyond COVID-19 With $345M Investment
GlaxoSmithKline and Vir Biotechnology are expanding their COVID-19 antibody research partnership to develop treatments for influenza and other respiratory illn…
HighKorn Ferry Reports Q1 FY2027 Results Amid Economic Uncertainty
Korn Ferry held its Q1 2027 earnings conference call on September 9, 2026, with CEO Gary Burnison and leadership discussing financial performance and company o…
MediumJack Ma Says He's 'Very Positive' on Alibaba Despite $871M Share Sale
Jack Ma's office stated he remains "very positive" on Alibaba and will continue holding shares, despite a regulatory filing showing his family trust plans to s…
HighPine Labs' 52% valuation cut signals Indian payments sector inflection point
Pine Labs' IPO valuation cut to $2.9B from $6B signals a broader correction in India's payments-fintech sector as investors demand profitability over growth, r…
HighIndusInd Nippon Life posts 18% NBP growth, record ₹248cr profit in rebranding year
IndusInd Nippon Life Insurance posted 18% growth in new business premium to ₹1,475 crore and record PAT of ₹248 crore in its first full year post-rebranding, s…
HighBurlington Stores relocates 2,000-person HQ from New Jersey to Philadelphia
Burlington Stores, a Fortune 500 retailer, is moving its headquarters from New Jersey to Philadelphia's University City with 2,000 employees, supported by a $3…
HighApple Watch Pre-Orders Expand Discounts Up to $20
Apple is offering up to $20 in savings on Apple Watch pre-orders as the company expands health and fitness capabilities with Apple Intelligence features.
MediumVisa invierte $2.9M en Celero para democratizar crédito a Pymes con IA
Visa and Headline fund Brazilian fintech Celero with $2.9M to expand AI-powered data infrastructure helping Latin American financial institutions better assess…
HighSemapa's Q1 profit surges to €513M on Secil sale gain; core earnings decline
Semapa reported €513.3M net profit in Q1 2026, largely driven by a provisional gain from selling cement subsidiary Secil for €1.081B in March, which reversed t…
HighCharter completes $34.5B Cox merger, transitioning millions of customers to Spectrum
Charter Communications has finalized its $34.5 billion acquisition of Cox Communications, transitioning Cox's customer base to the Spectrum brand across multip…
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