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.
AxoGen Surges 12% on Q1 Beat, Raised Guidance, Debt-Free Status
AxoGen stock jumped 12% after beating Q1 revenue expectations, posting adjusted profitability, and eliminating debt through a successful equity offering, signa…
HighBonterra Energy's Persistent Losses Challenge Valuation Case Despite Discount
Bonterra Energy reported Q4 2025 losses continuing a multi-quarter decline, with trailing 12-month net loss of C$17.1M despite C$216.6M revenue, raising questi…
HighNYT Stock Surges 15% on Strong Q2 Earnings Beat Across All Revenue Lines
The New York Times stock jumped 15.8% after reporting Q2 earnings that beat analyst expectations, driven by growth in digital subscriptions, advertising, and l…
HighBlack Hills, NorthWestern Energy Shareholders Approve $5B+ Merger
Shareholders of Black Hills Corp. and NorthWestern Energy approved an all-stock merger creating Bright Horizon Energy Corporation, a regional utility serving e…
HighHealthscope split among consortium as private hospital giant exits receivership
Australia's second-largest private hospital operator Healthscope, in receivership since May 2025 with $1.6B debt, will be divided among a consortium led by not…
HighOne NZ CEO Jason Paris steps down after 8 years; CFO Nick Judd named successor
Jason Paris is stepping down as CEO of One New Zealand after nearly eight years, with CFO Nick Judd appointed as his successor. The transition occurs as the co…
HighIndonesia's 100GW Solar Megaproject Advances Without Policy Framework
President Prabowo's ambitious 100 GW solar power initiative is generating industry enthusiasm, but lacks formal regulatory backing despite PLN's engagement wit…
MediumEx-Hospital CEO Accused of Siphoning $14M for Personal Luxuries
A former Florida hospital CEO faces accusations of embezzling $14 million in company funds for personal expenses, including a $109K Beverly Hills baptism for h…
HighGreg Abel to Replace Warren Buffett as Berkshire Hathaway CEO
Warren Buffett announced his retirement as CEO of Berkshire Hathaway by year-end, with Greg Abel set to assume leadership. Abel, who has led non-insurance oper…
HighYum! Brands sells struggling Pizza Hut for $2.7B to private equity and Chinese firm
Yum! Brands is selling Pizza Hut for $2.7 billion to a U.S. private equity firm and Chinese restaurant company, ending years of underperformance against compet…
HighLIC shares adjust 50% lower on ex-bonus day; no value destruction from 1:1 split
LIC shares fell 50% after turning ex-bonus for its first-ever 1:1 share issue, but the decline reflects technical adjustment rather than value destruction. Adj…
HighPony AI Gains on Uber-Lucid Robotaxi Expansion
Pony AI shares surged after Uber and Lucid expanded their robotaxi partnership, deploying more Lucid vehicles on Uber's autonomous ride-hailing platform powere…
HighSysco halts Mexican iceberg lettuce imports over cyclosporiasis outbreak
Sysco has stopped purchasing iceberg lettuce from Mexico in response to a US cyclosporiasis outbreak, according to the company's CEO, signaling major supply ch…
HighAllegiant Air completes Sun Country merger, expanding budget airline capacity
Allegiant Air has completed its acquisition of Sun Country Airlines, creating a larger budget airline operator. The merger aims to expand low-cost travel optio…
HighCloudNC raises $20M to automate manufacturing bottlenecks with AI-powered CAM software
UK manufacturing software startup CloudNC raised $20M in a Series B extension, bringing total funding to $128M. The AI-powered CAM Assist software automates CN…
HighVedanta's JAL bid rejected; mixed earnings across Tata, L&T, M&M
NCLAT upholds Adani Group's ₹14,535 crore winning bid for Jaiprakash Associates over Vedanta's challenge. Multiple Indian companies report mixed Q4 FY26 earnin…
HighNetflix Growth Slowdown Triggers Stock Sell-Off Amid Reduced Data Transparency
Netflix shares fell after Q2 earnings disappointed investors, with the company signaling slower growth and plans to reduce viewership data disclosures, exposin…
HighBoeing 737 MAX production ramp slower than expected; stock slides
Boeing CEO Kelly Ortberg acknowledged that stabilizing 737 MAX production is taking longer than anticipated, causing the company's stock to decline amid ongoin…
HighGreggs raises profit outlook, plans to double turnover by 2026 despite supply chain woes
British bakery chain Greggs raised full-year profit guidance and announced plans to double turnover by 2026, with Q3 sales up 3.5% despite staffing and supply…
HighMicron Commits $250B to US Chip Production Through 2035
Micron Technology announced a major expansion of its US chipmaking investment to $250 billion through 2035, prompting Bank of America to issue a buy rating as…
HighSwiggy gains shareholder nod for IOCC status; oil stocks, Paytm in focus
Indian equity markets expected to open lower on August 19 as Swiggy gains shareholder approval for IOCC status, while oil-linked stocks, Paytm, HZL, and other…
HighPatSnap launches CoPilot AI assistant to accelerate IP and R&D workflows
Singapore-based IP platform PatSnap unveiled CoPilot, an AI assistant designed to accelerate patent and R&D workflows using a proprietary LLM trained on 180M+…
HighONGC profit rises 3% as oil prices offset output decline; mixed earnings across markets
Multiple Indian companies reported Q4 FY26 earnings with mixed results. ONGC posted 3% profit growth despite lower output, while JK Tyre and Black Box showed s…
HighDevsisters Posts ₩33.5B H1 Loss, Pins Turnaround Hope on Cookie Run: Crumble
South Korean gaming company Devsisters posted ₩33.5 billion operating loss in H1 2026, now banking on new mobile game Cookie Run: Crumble to reverse fortunes a…
HighBandhan Bank rallies 6% as brokerages turn bullish despite 52% YoY profit decline
Bandhan Bank shares jumped 6% after Q3 results showed 52% YoY profit decline but strong sequential recovery and improving asset quality, prompting multiple bro…
HighParamount Demands $1.88B Bond as California Blocks Warner Bros. Merger
Paramount demands California and other states post a $1.88 billion bond to cover potential damages if their antitrust lawsuit against the Warner Bros. merger f…
HighVedanta's 65% crash is optical illusion; stock actually down 5% post-demerger
Vedanta's shares appeared to crash 65% post-demerger but actually declined 5% after separating four business units. The restructuring aims to unlock shareholde…
HighHoneywell Aerospace Begins Trading, Completing Historic 3-Way Breakup
Honeywell Aerospace began independent trading on Nasdaq, completing the company's three-way separation into aerospace, automation, and technologies divisions.
HighCursor launches India-specific pricing ahead of SpaceX acquisition
AI coding startup Cursor introduces a localized ₹649/month subscription for India, its third-largest market, ahead of SpaceX's expected acquisition closing in…
HighHDFC Life shares slip 4.6% despite strong premium growth; brokerages stay bullish
HDFC Life shares fell 4.6% despite 14% YoY net premium income growth to Rs 18,871 crore and 3% profit rise to Rs 448 crore in Q2 FY26, as margin pressures from…
HighJewellery Stocks Surge on Strong Q3 Results and Gold Price Gains
Indian jewellery stocks surged Wednesday with Senco Gold gaining 11.7% and Kalyan/Titan advancing 4%, driven by Q3 revenue growth of 41-51% YoY amid rising gol…
HighProtean eGov acquires 4.95% stake in NSDL Payments Bank for ₹30.2 crore
Protean eGov Technologies approved a ₹30.2 crore acquisition of 4.95% equity stake in NSDL Payments Bank, expected to close within 60 days, aligning with its d…
HighSK Hynix shares surge 12% on $28.7B buyback acceleration
SK Hynix shares surged 12% after announcing acceleration of its 40 trillion won buyback program and expanding shareholder returns to over 50% of free cash flow…
HighGap Names Retail Veteran as Old Navy CEO; Stock Jumps 12%
Gap Inc. appointed a retail industry veteran as the new CEO of Old Navy to revive the struggling brand, prompting a 12% jump in company stock following recent…
HighApple Holds iPhone Prices Steady Despite Inflation in Surprise Move
Apple surprised Wall Street by maintaining iPhone prices despite inflation and supply chain issues, keeping the iPhone 14 lineup at $799-$1,099 while adding ne…
HighCape Town biotech Biomine mines gut microbiome data for health insights and drug development
Cape Town biotech startup Biomine has launched a commercial gut microbiome test analyzing stool samples for R5,000, aiming to build Africa's largest microbiome…
HighCiena Prices $2.5B Convertible Notes, Upsizes Offering to Fund Debt Repayment
Ciena Corporation priced a $2.5 billion convertible senior notes offering due 2031, upsized from $2.0 billion, with proceeds allocated to debt repayment, share…
HighMSG Sports Returns to Profit on Championship Boost, Rangers Spin-Off Looms
Madison Square Garden Sports swung to profitability in FY2026 with $1.15B revenue and $7.76M net income, driven by a championship win and anticipated Rangers s…
HighC&I Leasing Posts N500.4m Q1 Profit, Assets Surge Past N150bn
C&I Leasing Plc posted N500.4m profit after tax in Q1 2026, a 15.5% increase year-over-year, with gross earnings reaching N12.78bn and total assets surpassing…
HighGameStop launches $55.5B unsolicited bid for eBay, targeting Amazon rivalry
GameStop announced a $55.5 billion unsolicited takeover offer for eBay at $125 per share, representing a 20% premium. CEO Ryan Cohen aims to transform eBay int…
HighTriple Flag Precious Metals Short Interest Drops 29.9% in July
Triple Flag Precious Metals (NYSE:TFPM) saw short interest drop 29.9% in July to 1.03M shares, while analyst ratings remain mixed and the company beat earnings…
HighSpaceX acquires AI coding startup Cursor for $60 billion in major tech bet
SpaceX has acquired AI coding startup Cursor for $60 billion, providing the company with advanced AI coding capabilities and reviving the startup after social…
HighBosch to close washing machine plant near Berlin, cutting 450 jobs
Bosch subsidiary BSH is closing its washing machine factory in Nauen, Brandenburg, eliminating 450 jobs by mid-2027 despite the parent company posting €3.5 bil…
MediumIndian stocks in focus as SpiceJet CFO exits, Zee-Sony merger faces antitrust scrutiny
Multiple Indian companies announce executive changes and strategic shifts, including SpiceJet's CFO resignation amid losses, Dish TV's chairman exit, and Zomat…
HighAnalysts Split on Consumer Cyclicals: LTH Gets Buy, TSCO Faces Hold Rating
Analysts show mixed views on consumer cyclical stocks: Life Time Group receives a Buy rating with 47% upside potential, while Tractor Supply gets a Hold rating…
MediumCorning Stock Could Be 41% Overvalued as AI Momentum Fades
Corning's AI-driven rally has reversed sharply, with analysts valuing the stock 41% below current prices at $139.21. The company faces index rebalancing and pr…
HighFormer NASA Chief Bridenstine Named CEO of Quantum Space
Jim Bridenstine, former NASA administrator under Trump, has been appointed CEO of Quantum Space, a spacecraft development company, signaling leadership continu…
HighGrab Raises Outlook as Southeast Asian Demand Proves Resilient
Grab lifted its full-year revenue outlook after reporting record Q2 results, with 28% year-on-year ride growth and 22% revenue increase driven by resilient con…
HighInternational Seaways, Diamond S Shipping Agree to Merge in $416M Stock Deal
International Seaways and Diamond S Shipping agreed to merge in a stock-for-stock deal creating a combined company with 100 vessels and over $1 billion in ship…
HighGreg Abel takes helm at Berkshire as Buffett steps down
Warren Buffett announced his retirement by year-end, naming Canadian Greg Abel as his successor to lead Berkshire Hathaway. Abel, 62, has been groomed for the…
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