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
Business Lynn Hatem -

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.
Business Lynn Hatem -

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
Business Khaled Ayoub -

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.
Business Lynn Hatem -

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
Business Khaled Ayoub -
Latest

Argenx Agrees $2.2 Billion Acquisition of Forte Biosciences to Bolster Autoimmune Pipeline

Argenx has agreed to acquire Forte Biosciences for about $2.2 billion to strengthen its autoimmune drug pipeline, sending Forte shares up roughly 39%.

Global Stocks Rally and Oil Tumbles as US-Iran Tensions Ease Amid Ceasefire Hopes

Global stocks surged and oil prices plunged as easing US-Iran tensions lifted the Dow more than 575 points, with investors welcoming a fragile ceasefire.

D-Wave Quantum Shares Surge After Expanded Partnership with AT&T

D-Wave Quantum shares jumped after expanding its partnership with AT&T to apply quantum computing to complex optimisation problems.

AstraZeneca Chief Urges Western Drugmakers to Match ‘Chinese Speed’ as Shares Rise

AstraZeneca CEO Pascal Soriot warns Western drugmakers risk falling behind faster Chinese rivals as the company's shares rise ahead of earnings.

Brown-Forman Rejects Sazerac Takeover Approach as ‘Not Actionable’

Jack Daniel's maker Brown-Forman has rejected an unsolicited acquisition proposal from rival Sazerac, with its board deeming the approach 'not actionable.'

Oil Prices Ease as US and Iran Pause Attacks, Easing Pressure on Fuel Markets

Brent crude fell 4.9% to $92.02 after the US and Iran refrained from Persian Gulf strikes for a second day, easing pressure on global fuel markets.

CXMT Shares Surge 472% in Shanghai Debut, Valuing Chipmaker at $489 Billion

Chinese DRAM chipmaker CXMT surged 472% on its Shanghai Star Market debut, reaching a $489 billion valuation after raising $8.6 billion in its IPO.

United Approached Delta About Merger Before Turning to American, Reports Say

United Airlines reportedly approached Delta about a merger last year before turning to American, highlighting pressure toward airline consolidation.

Shein Files for Hong Kong IPO After Swinging to Quarterly Loss Despite Revenue Growth

Shein has filed for a Hong Kong IPO after swinging to a quarterly loss despite revenue growth, marking a pivot from earlier London listing plans.

Rising Treasury Yields Signal Market Doubts Over Fed Chair Warsh’s Inflation Stance

Rising U.S. Treasury yields signal deep market anxiety over inflation and whether Fed Chair Kevin Warsh will back tough talk with action on rates in 2026.

Apple and Megacap Tech Anchor Wall Street’s Busiest Earnings Week of the Quarter

Apple and megacap tech companies headline the busiest week of second-quarter earnings, testing a market where one firm is driving S&P 500 growth.

When to Claim Social Security: Weighing Bigger Checks Against Time and Health

Claiming Social Security at 62 means smaller checks, while waiting boosts payouts. Here's how to weigh the trade-offs and build a broader retirement income

Samsung and SK Hynix Seal $950 Billion U.S. Chip Supply Deals Amid AI Boom

Samsung Electronics and SK Hynix have unveiled combined $950 billion U.S. chip supply partnerships as South Korea hosts major AI industry players.

Logistics Stocks Slide After Texas Legal Ruling Rattles C.H. Robinson

Third-party logistics stocks dropped after a Texas legal case against C.H. Robinson raised concerns over freight broker liability across the industry.

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