Business

Shopify Shares Soar 18% as Upbeat Forecast Shows AI Boosting E-Commerce Business

Shopify shares jumped more than 18% after an upbeat third-quarter forecast signaled its AI investments are attracting merchants rather than disrupting busi

Broadcom Surges on AI Chip Momentum as Analysts Eye Long-Term Upside

Broadcom shares climb as AI semiconductor revenue grows at triple-digit rates, with analysts weighing long-term upside through 2028.

ConocoPhillips CEO Ryan Lance to Retire, CFO Andy O’Brien to Take Helm

ConocoPhillips CEO Ryan Lance will retire after 14 years, with CFO Andy O'Brien succeeding him September 1 as the producer posts its best profit since 2022

Celsius Shares Tumble as Flagship Brand Sales Slide, Yet Traders Bet on Rebound

Celsius Holdings stock dropped about 17% after quarterly results missed estimates on falling flagship brand sales, though options traders bet on a rebound.

AppLovin Shares Plunge to 52-Week Low as Revenue Miss and Soft Guidance Rattle Investors

AppLovin shares fell about 20% to a 52-week low after quarterly revenue missed forecasts and guidance disappointed, overshadowing stronger-than-expected pr

Trump Praises Fed Chair Warsh While Pressing for World’s Lowest Interest Rates

President Trump praised Fed Chairman Kevin Warsh as 'fantastic' while pressing for the world's lowest interest rates and criticizing other Fed officials.

JetBlue Overhauls Fare Structure, Retiring Core Brand for Segmented Ticket Options

JetBlue is retiring its Core economy brand and introducing tiered fares from basic economy to first class as airlines lean into segmented pricing.

SanDisk’s $42 Billion Backlog Fuels Rally as Memory Stock Valuations Draw Scrutiny

SanDisk shares climbed on a reported $42 billion backlog as investors questioned whether memory stock valuations have outpaced fundamentals amid the AI boo

Oil Prices Slide as US-Iran Talks Fuel Hopes of Lasting De-escalation

Crude prices fell as Trump touted 'friendly talks' with Iran and Netanyahu arrived in Washington, raising hopes of ending the five-month conflict.

South Korea’s KOSPI and Wall Street Tech Grow Increasingly Intertwined as Chip Ties Deepen

South Korea's KOSPI has grown tightly correlated with the Nasdaq 100 as Samsung and SK Hynix ride surging AI memory-chip demand, raising volatility concern

Apple Overtakes Nvidia to Reclaim Title of World’s Most Valuable Company

Apple has surpassed Nvidia to become the world's most valuable company, ending the chipmaker's reign atop the market amid the AI boom.

Baker Hughes Beats Earnings as AI Power Demand Offsets Weaker 2026 Oilfield Spending

Baker Hughes topped earnings forecasts as AI data centre demand for power equipment offset a warning that oil and gas producers will cut spending in 2026.

Circle Shares Climb After Acquiring Blockchain Patents From IBM

Circle has acquired a portfolio of blockchain patents from IBM, boosting its shares and strengthening its intellectual property in the stablecoin sector.

Cracker Barrel Names David Deno CEO, Replacing Julie Masino After Logo Backlash

Cracker Barrel has named David Deno as CEO, replacing Julie Masino a year after a logo redesign sparked backlash and a stock decline.

SpaceX Shares Hit New Low Ahead of Earnings as Insider Selling Window Nears

SpaceX shares fell to a new low despite a successful Starship flight, as investors brace for earnings and a looming insider selling window.

Chip Stocks Slide as Report Points to China’s Domestic DUV Tool Breakthrough

ASML and U.S. chip stocks slid after a report said China began making homegrown DUV chipmaking tools, raising fears of a more competitive Chinese chip indu

Porsche Deepens Restructuring, Targeting 9,000 Job Cuts by 2035 Amid EV Slowdown

Porsche will eliminate around 9,000 jobs by 2035 after adding 5,000 more cuts, as weak EV demand and tough competition in China pressure the carmaker.

Nvidia in Talks to Guarantee $250 Billion Financing for OpenAI Ohio Data Center

Nvidia is reportedly in talks to guarantee up to $250 billion in financing for OpenAI's Ohio data center project, deepening ties between the two AI leaders

Piper Sandler Upgrades Rivian and Mobileye, Citing Edge Over Legacy Automakers

Piper Sandler has upgraded Rivian and Mobileye, citing a structural advantage over legacy automakers as the robotaxi market expands.

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