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
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Latest

The Domain Name Boom Is Just Beginning, and Smart Buyers Are Moving Early as AI Reshapes the Internet

As AI lowers the cost of building online businesses, premium .com domain names are becoming scarce, valuable assets in the digital economy.

Bill Ackman’s Pershing Square Launches $64 Billion Bid for Universal Music Group

Bill Ackman's Pershing Square Capital Management has made a $64.3 billion bid to acquire Universal Music Group, aiming to move its listing to New York and address perceived stock underperformance.

Trump Administration Accelerates Psychedelic Research for PTSD, Sparking Hope and Controversy

President Trump signs executive order to accelerate research into ibogaine and other psychedelics for PTSD treatment, sparking debate and hope.

Rubis Explores Potential Merger with Trafigura’s Puma Energy Unit

French fuel distributor Rubis SCA is reportedly in talks to combine with Trafigura Group's Puma Energy unit in a potential cash and share deal valued up to €2.5 billion, aiming to expand its global reach.

Allbirds’ AI Pivot: From Sustainable Sneakers to Speculative Surge and Swift Sell-Off

Allbirds pivots to AI, sparking a massive stock surge driven by retail investors, only to face a swift sell-off as market reality sets in. Explore the dramatic rise and fall.

Marriott’s Autograph Collection Makes Grand Indian Debut with NoorMahal Palace in Karnal

Marriott International launches its Autograph Collection brand in India with the debut of the NoorMahal palace hotel in Karnal, offering a blend of heritage and modern luxury.

Telecom Giants Vie for SFR in Potential $24 Billion French Market Shake-Up

French telecom giants Bouygues, Orange, and Iliad are in advanced talks to acquire Altice's SFR for an estimated $24 billion, potentially leading to a major market consolidation.

Kailera Therapeutics Soars in Record-Breaking IPO, Fueling Obesity Drug Race

Kailera Therapeutics achieves a record-breaking $625 million IPO, positioning itself as a major player in the competitive obesity drug market with its innovative pipeline.

Goldman Sachs Enters Bitcoin ETF Arena With Novel Income-Generating Product

Goldman Sachs files for a Bitcoin Premium Income ETF, marking its entry into the crypto investment market with an income-generating strategy.

Kimberly-Clark Unveils New Structure and Leadership Post-Kenvue Acquisition

Kimberly-Clark Corporation announces its post-acquisition organizational structure and leadership team following the pending deal with Kenvue Inc., detailing new business segments and key executive appointments.

EU Demands Meta Restore AI Chatbot Access on WhatsApp Amid Antitrust Probe

The EU threatens Meta with restrictions over WhatsApp AI access policies, demanding the restoration of rival chatbot access amid antitrust concerns.

Disney Initiates Significant Layoffs, Impacting Marvel and Multiple Divisions

Disney implements significant layoffs impacting Marvel, ESPN, studios, and TV divisions as part of CEO Josh D'Amaro's streamlining efforts.

Middle East Conflict Squeezes Luxury Brands’ Sales Amid Geopolitical Tensions

Luxury brands face a sales decline due to the Middle East war and geopolitical tensions, impacting major players like LVMH, Kering, and Hermès.

Consumers Feel the Pinch: Gas Spending Surges 16% for Bank of America Customers Amid Geopolitical Turmoil

Bank of America customers saw a 16% jump in gas spending in March due to rising oil prices amid geopolitical tensions, though discretionary spending remains resilient for now.

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