Business

PayPal Sinks 12% as Advent-Stripe Group Drops Buyout Pursuit

PayPal shares fell about 12% below $55 after an Advent-Stripe group abandoned its takeover pursuit, driving options volume to 134,092 contracts.

PayPal Sinks 12% as Advent-Stripe Group Drops Buyout Pursuit

PayPal shares fell about 12% below $55 after an Advent-Stripe group abandoned its takeover pursuit, driving options volume to 134,092 contracts.

Rivian Shares Fall 6% as CFO Claire McDonough Departs for GE Vernova

Rivian stock dropped about 6% on Thursday after CFO Claire McDonough announced she would step down to join GE Vernova during the automaker's affordable-EV

Trump Signs Order Creating US Space Academy Modelled on West Point

President Trump signed an executive order on Friday creating a US Space Academy modelled on West Point, announced at NASA's Johnson Space Center in Houston

US Appeals Court Backs Nevada Oversight of Kalshi Sports Prediction Markets

The Ninth Circuit ruled Kalshi cannot block Nevada oversight of its sports prediction contracts, lifting DraftKings and Flutter shares and setting up a Sup

Oman Oil Spill Reaches Coast as Tanker Attacks Push Crude Higher

An oil spill from a stricken tanker has reached up to 40km of Oman's coast as fresh attacks on Gulf shipping push crude prices higher.

YMTC Breaks Into Global Top 3 NAND Suppliers With 14% Share

Yangtze Memory Technologies captured 14% of global NAND flash bit shipments in Q2, entering the world's top three suppliers for the first time.

Lenovo Profit Beats Estimates as AI Servers Drive 43% Revenue Jump

Lenovo Group posted a 43% surge in quarterly revenue and stronger-than-expected profit, driven by booming demand for AI computers, servers and services.

Maersk Shares Jump 7% After Profit Beat and Raised Full-Year Outlook

A.P. Moller-Maersk shares surged as much as 7% after the shipping giant beat profit estimates and raised its full-year earnings guidance.

Cisco Stock Drops Despite Earnings and Revenue Beat on Wall Street

Cisco shares fell after hours despite beating Wall Street estimates on earnings and revenue, as investors focus on AI-driven networking demand and guidance

US Inflation Eases to 3.4% in July Despite Energy Price Shocks

US consumer inflation slowed to 3.4% in July 2026 despite energy price shocks, though costs for essentials remain elevated as the Fed weighs its next move.

Bob Iger, Josh Kushner Buy Los Angeles Lakers in Record $12.5 Billion Deal

Bob Iger and Josh Kushner are buying the Los Angeles Lakers for a record $12.5 billion, pending NBA board approval, in the second sale within a year.

Wendy’s Stock Surges 12% on Nelson Peltz Take-Private Bid

Wendy's shares jumped 12% after a report that Nelson Peltz's Trian Fund Management is preparing an offer to take the burger chain private.

Bank of America Invests $1.9 Billion for 49.9% Stake in Jio Financial Unit

Bank of America is investing $1.9 billion for a 49.9% stake in a lending unit of India's Jio Financial Services, one of the sector's largest deals.

Paramount Floats CNN Sale to Settle California Suit Over Warner Bros. Deal

Paramount Skydance says selling CNN is "on the table" to resolve a California suit challenging its pursuit of Warner Bros. Discovery.

Social Security COLA Could Reach 3.6% in 2027, Boosting Retiree Checks

A new estimate projects Social Security's cost-of-living adjustment could reach 3.6% in 2027, a larger raise than the 2.8% increase set for next year.

Google Reshuffles AI Leadership to Accelerate Gemini Development and Product Race

Google has overhauled its AI leadership, consolidating research and product teams to accelerate Gemini development and compete more aggressively in the sec

SpaceX Shares Soar 11% as Wall Street Backs Musk’s AI Push

SpaceX shares jumped 11% as Wall Street bet on Elon Musk's push into 'real-world' AI, tying the rocket maker's valuation to its xAI and Grok ambitions.

Lumentum Jumps 15% on Blowout Earnings, Lifting Coherent and Corning

Lumentum shares surged about 15% on blowout earnings, lifting Coherent, Corning and other AI infrastructure names as optical demand accelerates.

- A word from our sponsors -

spot_img

Follow us

HomeBusiness