Business

Super Micro Computer Slides Ahead of Earnings as Analysts Debate Value Play or Trap

Super Micro Computer shares extend a three-month decline ahead of earnings as analysts split over whether the AI server maker is a value play or a value tr

Archer Aviation Shares Surge After Deal to Acquire Boeing’s Wisk eVTOL Unit

Archer Aviation shares jumped after agreeing to acquire Boeing's Wisk Aero and two subsidiaries, giving Boeing a near-20% equity stake in the combined firm

Intel Launches $15 Billion Stock Sale as Turnaround Rally Lifts Shares

Intel plans to sell about $15 billion in common stock after a 400% share rally, funding growth in AI, custom chips and advanced packaging.

Trump Pivots to Sanctions and Naval Blockade in Prolonged Iran Standoff Over Hormuz

The US is pivoting from military strikes to sanctions and a naval blockade against Iran as oil prices stabilise and the Strait of Hormuz crisis drags on.

TSMC Sales Surge 45% in July as AI Chip Demand Fuels Record Growth

TSMC posted a 45% surge in July revenue as demand for AI chips from customers like Nvidia and Google continues to drive record growth for the chipmaker.

FCC Investigates Disney and ABC Over DEI Practices

The Federal Communications Commission (FCC) has informed the Walt Disney Company and its ABC division that it will begin an investigation into the company’s...

Ghibli-Style AI Images Spark Debate on Copyright and Artist Rights

A recent trend involving the new ChatGPT image generator tool has allowed users to create Ghibli-style images from personal photos or popular memes, sparking...

All You Need to Know About Cryptocurrency Debit Card

The widespread adoption of digital assets has paved the way for financial solutions that connect cryptocurrencies with traditional payment systems. One of the most...

Hinge Health Prepares for IPO as Digital Health Sector Faces Challenges

Digital physical therapy startup Hinge Health is preparing to file for its initial public offering (IPO), potentially as soon as next week. The company,...

Michael Jordan and Kobe Bryant Rookie Jerseys to Fetch $20 Million at Auction

Sotheby’s is set to auction rare memorabilia from two of the NBA’s greatest players, Michael Jordan and Kobe Bryant, with their rookie jerseys expected...

Macy’s Mixed Results: Turnaround Efforts Show Signs of Progress

Macy's reported mixed results for the latest quarter, as investors remain cautious about the effectiveness of CEO Tony Spring's turnaround efforts, which are being...

WTA and Saudi Investment Fund Launch Maternity Benefits Program for Tennis Players

Big changes are on the horizon for women’s tennis with the launch of a new initiative aimed at providing maternity and family planning benefits...

Costco Reports Earnings Miss but Revenue Beat in Q2 with Strong Sales Growth

Costco reported its second-quarter earnings on Thursday, missing earnings expectations but surpassing revenue estimates. Despite a slight decline of over 1% in its stock...

Gap Posts Strong Results in Fourth Quarter with Surprising Growth

Gap exceeded expectations in its fiscal fourth quarter, marking another strong performance under CEO Richard Dickson, driving a 17% increase in its share price....

Walgreens to Go Private in $10 Billion Deal with Sycamore Partners

Struggling drugstore chain Walgreens has reached a deal to go private, with private equity firm Sycamore Partners agreeing to acquire the company for an...

FAA Halts Florida Flights After SpaceX Starship Test Failure

On Thursday night, the Federal Aviation Administration (FAA) temporarily halted flights to several Florida airports following a SpaceX Starship testing failure. This marks the...

How Sonic the Hedgehog’s Redesign Saved a Billion-Dollar Franchise

Sonic the Hedgehog’s film franchise faced a major crisis in 2019 when Paramount released an early trailer that was met with overwhelming backlash. Fans...

ECL’s Hydrogen-Powered Data Centers Aim to Revolutionize AI Infrastructure

Yuval Bachar, a data center expert with experience at Meta, Microsoft, and Cisco, is now tackling the challenge of reducing carbon emissions in Silicon...

SEC Closes Investigation Into Robinhood’s Crypto Operations

Robinhood announced that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the company's crypto operations, with no intention of...

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