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

China Places 14 EU Entities on Export Control List in Response to Latest Sanctions

China placed 14 EU entities on its export control list, barring dual-use goods, in response to Brussels' latest sanctions package targeting Russia.

Tesla Suffers Worst Weekly Slump Since 2022 After Missing Quarterly Earnings

Tesla shares fell nearly 18% this week after a quarterly earnings miss and negative cash flow, marking the automaker's steepest weekly drop since 2022.

Kuwait’s KPC Signs $16 Billion Pipeline Deal with Blackstone, Brookfield and KKR

Kuwait Petroleum Corporation has signed a $16 billion lease-and-leaseback deal with Blackstone, Brookfield and KKR to finance its oil pipeline network.

Musk Urges Public to ‘Enjoy the Ride’ as Concerns Over AI’s Rapid Rise Grow

Elon Musk urged the public to "enjoy the ride" amid rising fears over artificial intelligence, saying he doesn't care if people dislike him.

Google and Tesla Shares Slide as Investors Question Timing of AI Payoffs

Alphabet and Tesla shares dropped as investors questioned when heavy artificial intelligence spending by major tech firms will translate into profits.

US Imposes Fresh Tariffs on Over 60 Countries, Citing Forced Labor Concerns

The Trump administration has imposed 10-12.5% tariffs on more than 60 countries, including China, citing failed enforcement of forced labor import bans.

Oil Surges Past $100 a Barrel as Middle East Conflict Escalates

Brent crude surged above $100 for the first time since May as Houthi attacks on Saudi tankers and US-Iran tensions rattled global oil markets.

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.

TikTok Shop Rolls Out Across Europe, Targeting Key Markets

TikTok Shop expands its e-commerce operations across Europe, launching in key markets like Germany, France, Italy, Spain, Ireland, Poland, and the Benelux countries.

Kelp DAO Suffers $292 Million Hack, Triggering DeFi Contagion and Market Freezes

Kelp DAO hit by a $292 million crypto hack, the largest DeFi exploit of 2026. Aave and other platforms freeze markets amid contagion fears.

Grab Accelerates AI Delivery with Robot Acquisition and New Tech

Grab expands its AI delivery services by acquiring Infermove and launching its AI robot, Carri, to enhance efficiency and reduce costs in Southeast Asia.

Wall Street Bets on Private Credit Woes with New Derivatives

Wall Street banks are trading new derivatives, including credit default swaps, to bet on potential stress and defaults within the rapidly growing private credit market.

Robots Outpace Humans in Beijing Half-Marathon, Shattering World Records

Humanoid robots stunned spectators at the Beijing Half-Marathon, with the winning robot 'Lightning' breaking the human world record by nearly seven minutes. The event highlighted rapid advancements in robotic speed, autonomy, and endurance.

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