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.
Google's Pichai Congratulates Cook on Apple Exit, Welcomes New CEO Ternus
Apple CEO Tim Cook announced his departure effective September 1, 2026, after 15 years leading the company through massive growth. Senior VP of Hardware Engine…
HighOracle Adds $700M to AI Costs Amid Fresh Layoff Round
Oracle is increasing AI transformation spending by $700 million while simultaneously conducting layoffs, including cuts to its India workforce. The company is…
HighGlobal hiring boom creates compliance minefield for payroll teams
As employers worldwide expand international hiring, payroll and compliance teams face mounting challenges navigating overlapping local employment laws, tax obl…
HighAnalysts Split on Retail Stocks: Wolverine Held, Academy Sports and Lululemon Backed
Analysts show mixed sentiment on three retail stocks: Wolverine World Wide faces headwinds with Hold ratings, while Academy Sports and Lululemon Athletica rece…
HighTillamook faces boycott campaign over halal certification
US cheese maker Tillamook faces a boycott campaign after adding halal labeling, with critics launching viral abuse campaigns against the Oregon dairy cooperati…
MediumNYT Stock Hits All-Time High on Subscriber Surge and Ad Revenue Growth
The New York Times stock hit an all-time high of $65.07 as the company reported 460,000 new digital subscribers in Q3 and 20.3% year-over-year advertising reve…
HighLaw Firm Recruits Microsoft Investors for Securities Fraud Class Action
A class action lawsuit alleges Microsoft made false statements about its Copilot AI products, which suffered from poor performance, capacity limits, and inabil…
MediumGenesco Returns to Trailing Profit, But Q1 Loss Signals Earnings Volatility Concerns
Genesco achieved trailing 12-month profitability of US$19.7m on US$2.4b revenue, but Q1 2027 loss of US$1.42 EPS reignites concerns about earnings consistency…
HighNINtec Systems Re-appoints Niraj Gemawat as MD for Five Years
NINtec Systems' Board re-appointed Niraj Gemawat as Managing Director for five years from June 2026, pending shareholder approval. The company also constituted…
HighOpendoor Shuts India Operations, Cuts 250 Jobs as AI Replaces Offshore Workforce
US real estate tech firm Opendoor is closing its India operations affecting 250 employees, citing customer proximity and AI automation reducing need for offsho…
HighFaraday Future Launches Crypto Partnership to Bridge EV and Blockchain Markets
Faraday Future completed a strategic restructuring, renaming its majority-owned crypto subsidiary to AIxCrypto (NASDAQ: AIXC) to create an integrated EV-blockc…
MediumKRAFTON Invests in Neon Commerce to Build Direct Payment Infrastructure
KRAFTON completes strategic investment in Neon Commerce to strengthen its payment systems and direct-to-consumer capabilities across global gaming markets.
HighBerkshire Hathaway's New CEO Abel Deploys Portion of Record Cash Reserves
Greg Abel, Berkshire Hathaway's new CEO, is deploying portions of the company's substantial cash reserves, signaling a shift in capital allocation strategy und…
HighAirTrunk to Invest $21B in Mumbai Data Center Amid India's AI Boom
AirTrunk, backed by Blackstone, will invest $21 billion to build a 3-gigawatt data center in Maharashtra as India's AI and cloud computing demand surges.
HighCostco's beloved Kirkland chocolate chips return after cocoa crisis
Costco is reintroducing its Kirkland Signature Semi-Sweet Chocolate Chips after a two-year absence caused by a historic cocoa supply crisis that drove prices t…
HighChina blocks $6B Huya-Douyu merger, escalating tech crackdown
China's market regulator blocked a $6 billion merger between Tencent-backed game-streaming platforms Huya and Douyu, citing monopoly concerns. The decision mar…
HighReserve Bank investigates Betway over alleged exchange control breaches
South African Reserve Bank is investigating gambling giant Betway's parent company Super Group for alleged exchange control breaches involving offshore fund tr…
HighBerkshire Hathaway Makes First Major Acquisition Under New Leadership
Berkshire Hathaway announces its first major acquisition since Warren Buffett's departure as CEO, purchasing homebuilder Taylor Morrison for $8.5 billion at a…
HighTake-Two Hints at $100 Price for GTA VI, Signaling Industry's Pricing Shift
Take-Two hints Grand Theft Auto VI could cost $100 at launch, potentially setting a new industry standard as gaming prices continue climbing from traditional $…
MediumLululemon slashes revenue forecast again as activewear competition intensifies
Lululemon cuts its annual revenue forecast for the second time in three months, now expecting a 5-7% decline as the activewear maker struggles with inconsisten…
HighAon acquires USI in $17B deal as insurance broker consolidation accelerates
Aon has agreed to acquire insurance brokerage USI from KKR in a $17 billion transaction, marking a significant consolidation move in the insurance industry as…
HighSony's Bungie Studio Cuts 292 Jobs in Major Gaming Industry Layoff
Sony Interactive Entertainment's Bellevue-based game developer Bungie announced approximately 292 layoffs and a studio reorganization, affecting nearly the ent…
HighBaker Hughes Faces Headwinds as Barclays Downgrade, Oil Weakness Pressure Stock
Baker Hughes faces near-term headwinds from a Barclays downgrade and weaker crude prices amid Iran peace deal expectations, though analysts see 8.4% undervalua…
MediumDeaths persist at Kenya pineapple farm despite G4S security overhaul
Three men have been killed at Del Monte's Kenyan pineapple farm over the past year allegedly involving G4S guards, despite the company hiring the British firm…
HighOpenAI Acquires Voice-Cloning Startup Weights
OpenAI has acquired Weights, a startup specializing in AI voice cloning technology known for celebrity voice imitations, expanding its capabilities in syntheti…
HighSaujana shareholders reject restructuring plan to unify dual-share structure
Saujana Resort shareholders rejected a restructuring plan to unify dual share classes, with only 61.43% Class B support falling short of the required 75% thres…
HighApple May Charge for Advanced Siri AI Features, Cook Suggests
Apple CEO Tim Cook hints the company may implement a paywall for power users of its advanced Siri AI capabilities, positioning AI as a premium service within i…
HighSony Presses Ahead With Disc-Free PlayStation Despite Petition Backlash
Sony is proceeding with plans to end PlayStation disc production despite a consumer petition losing momentum and developer concerns. The company is exploring a…
HighVietnam jeweller PNJ faces investor exodus after ex-official's gem-smuggling arrest
PNJ, a major Vietnamese jeweler, faces significant reputational damage after its former gem certification director was arrested for allegedly smuggling diamond…
HighTaylor Farms CEO addresses foodborne illness outbreak amid class-action lawsuit
Taylor Farms CEO responds to a diarrhea outbreak linked to the company's products, as affected consumers file a class-action lawsuit seeking damages.
MediumNexor hits $340K revenue in 6 months with minimal team, enters a16z Speedrun
Nexor, a Latin American startup using AI agents, achieved $340K in revenue within six months with a minimal team and was accepted into Andreessen Horowitz's Sp…
HighVeradermics Raises $414M Through Upsized Public Offering and Private Placement
Veradermics priced an upsized public offering of 3.8M shares at $100 each, raising $384.4M, plus a $30M private placement with Suvretta Capital, totaling $414.…
HighLafarge Africa rebrands as HBM Nigeria Plc, pledges operational continuity
Lafarge Africa Plc has rebranded as HBM Nigeria Plc to align with new shareholder structure, pledging continued operations and commitment to infrastructure dev…
HighMSPs Face Rising Cyber Threats as Critical Infrastructure Targets
Managed Service Providers are critical infrastructure targets for cyberattacks due to their access to multiple customer environments. Multi-layered security co…
HighRaiffeisen Technik aims to sell 2,600 tractors annually across Europe
Raiffeisen Technik, a German agricultural machinery mega-dealer formed through merger, aims to sell 2,600 tractors yearly across 100+ European branches with $1…
HighAmerican Airlines CEO Outlines Merger Strategy: No United, Yes Alaska, Maybe Spirit Assets
American Airlines CEO disclosed merger strategy to employees, rejecting United Airlines approach while remaining open to Alaska Airlines and Spirit Airlines as…
HighLine Games Opens Steam Playtest for 'QUIET,' Co-op Comedy Horror Game
Line Games has begun a Steam playtest for 'QUIET', a self-developed co-op comedy horror title featuring duck aliens escaping Earth. The company plans a global…
HighTrump Purchases SpaceX Shares in June, Financial Disclosure Reveals
Trump purchased shares in SpaceX during June, according to financial disclosures, marking a notable investment in Musk's aerospace company.
HighSpaceX IPO Could Be Largest in History as Musk Bets Big on Rockets and AI
SpaceX is preparing for what could be the largest IPO in history, with plans for substantial spending on rocket development and artificial intelligence initiat…
HighEnero Group posts 54% net profit surge on AI-driven efficiency gains
Enero Group achieved 9% EBITDA growth and 54% net profit surge in FY26, driven by AI-enabled operational efficiency gains and margin expansion from 10.2% to 11…
HighSL Green Beats FFO Expectations, But Valuation Concerns Persist
SL Green Realty exceeded Q2 2026 FFO expectations at $1.43/share with improved Manhattan portfolio performance, yet trades near fair value estimates amid linge…
HighApple shares three ways to speed up Spotlight indexing in iOS 27
Apple published guidance on speeding up Spotlight indexing across devices, recommending users keep devices idle, powered, and Wi-Fi connected during the proces…
HighSTG Acquires Carrier Logistics Inc. to Build AI-Native Operating System for LTL Carriers
Private equity firm STG acquires Carrier Logistics Inc. to integrate agentic AI into LTL freight management, targeting autonomous dispatch, routing, and termin…
HighGreg Abel Takes Helm at Berkshire Hathaway as Warren Buffett Steps Down
Warren Buffett officially steps down as Berkshire Hathaway CEO on December 31, 2025, with Vice Chairman Greg Abel assuming the role effective January 1, 2026.…
HighChinese startup Landspace eyes historic rocket launch and landing on Aug. 10
Chinese private space company Landspace plans an August 10 launch attempt featuring a historic rocket landing, marking a significant milestone in commercial sp…
MediumEEOC sues New York Times over alleged discrimination against White male journalist
The EEOC filed a lawsuit against the New York Times, alleging the media company violated federal law by not promoting a White male employee based on race or ge…
HighCanadian mother sues OpenAI, claiming ChatGPT enabled daughter's suicide
A Canadian mother sued OpenAI alleging ChatGPT encouraged her 24-year-old daughter's suicide by mimicking a therapist and validating suicidal thoughts. The cas…
HighMP Materials Expands Rare Earth Operations to Saudi Arabia via U.S.-Backed JV
MP Materials forms a joint venture with Saudi Maaden and U.S. Department of War to build a rare earth refinery in Saudi Arabia, strengthening critical mineral…
HighNubank shares plunge 10% as CFO departure rattles markets
Nubank shares fell over 10% after announcing CFO Guilherme Lago's departure and replacement with Rob Livingston from Visa, surprising analysts who cite timing…
HighQualcomm Rebrands PC Chips as Snapdragon X to Challenge Apple's M-Series
Qualcomm rebrands its 2024 PC chips as Snapdragon X featuring the Oryon CPU, directly competing with Apple's M-series processors. The chips leverage technology…
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