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.

Doximity Shares Surge 36% Following Strong Quarterly Earnings

Doximity shares experienced a significant surge of 36% following the release of its fiscal third-quarter earnings, which outperformed Wall Street’s expectations. The digital platform...

Anduril Secures Funding at $28 Billion Valuation, Doubling in Value

Anduril, the defense technology company founded by Palmer Luckey, has secured a term sheet to raise capital at a valuation of $28 billion. The...

AEW to Remain a Private Family Business, Says Founder Tony Khan

All Elite Wrestling (AEW) founder Tony Khan has confirmed that the wrestling league will remain a privately held company, with no plans to go...

Ferrari-Inspired Casa Maranello Sells for $50.5M in Record-Breaking Florida Deal

A Ferrari-inspired mansion, Casa Maranello, has set a new real estate record in Delray Beach, Florida, with a $50.5 million sale. The lavish transaction...

Beauty Stocks Struggle as E.l.f. and Estee Lauder Report Disappointing Earnings

Beauty stocks experienced sharp declines this week as major companies reported underwhelming earnings and revised their sales outlooks downward. E.l.f. Beauty suffered its worst...

Super Bowl Ads Remain a Prime Investment for Brands Despite High Costs

Brands are investing heavily in Super Bowl 59 advertising, with commercial spots costing up to $8 million. Despite the steep price, industry experts argue...

ByteDance Unveils AI Model OmniHuman-1 for Realistic Video Generation

ByteDance, the technology powerhouse behind TikTok, has unveiled an advanced artificial intelligence (AI) model that is generating widespread attention for its ability to create...

Shein Lowers Valuation to $50 Billion for Potential London IPO

Online fast-fashion retailer Shein is preparing for a London stock market listing at a significantly reduced valuation of approximately $50 billion, nearly 25% lower...

Porsche Shares Drop 7% Amid Profit Warning and EV Market Challenges

Porsche AG’s shares fell 7% on Friday, marking the biggest drop among European companies and its worst trading day since going public. The sharp...

Stellantis Expands AI Partnership with Mistral to Enhance Industry Data Analysis

Stellantis, the world’s fourth-largest automaker, has announced an expansion of its strategic partnership with French artificial intelligence (AI) firm Mistral. This collaboration aims to...

Henkel Sells North American Retailer Brands Business to First Quality Enterprises

Henkel, the German consumer goods giant, has announced the sale of its North American retailer brands business to an affiliate of First Quality Enterprises,...

Legal & General Sells U.S. Protection Business to Meiji Yasuda for $2.3 Billion

Legal & General (L&G), the British life insurance company, has announced the sale of its U.S. protection business to Japan’s Meiji Yasuda for $2.3...

Gaw Capital and Patience Capital Acquire Tokyu Plaza Ginza in $1 Billion Deal

Real estate private equity firm Gaw Capital, in partnership with Singapore-based Patience Capital Group, has finalized the acquisition of Tokyu Plaza Ginza, a premier...

Saab Projects Strong Sales Growth as Global Defense Demand Rises

Swedish defense company Saab has projected organic sales growth of 12% to 16% for 2025, reflecting sustained demand for its defense equipment amid rising...

- A word from our sponsors -

spot_img

Follow us

HomeBusiness