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

Saudi PIF Unveils Ambitious 5-Year Strategy: Boosting Domestic Economy and Maximizing Returns

Saudi Arabia's Public Investment Fund (PIF) approves its 2026-2030 strategy, focusing on domestic economic growth, increased returns, and private sector partnerships.

Corporate America’s Efficiency Drive Sparks Wave of 2026 Job Cuts

Explore the reasons behind the wave of job cuts in Corporate America during early 2026, driven by AI adoption and efficiency pushes across various sectors.

Paramount and Warner Bros Merger Faces Criticism from Theater Industry Leaders

Theater groups express strong concerns over the proposed Paramount and Warner Bros merger, saying it could harm industry competition and reduce content diversity. Read the key implications for filmmakers and the theater industry.

United Airlines CEO Explores Merger with American Airlines, Igniting Antitrust Alarms

United Airlines CEO Scott Kirby reportedly proposed a merger with American Airlines, sparking significant antitrust concerns and warnings of negative impacts on consumers.

China’s YMTC Aims to More Than Double Chip Production Amid US Trade Tensions

Chinese chipmaker YMTC plans to build two new factories, aiming to more than double its wafer production capacity amid escalating US-China trade tensions and a push for domestic semiconductor technology.

Renault Slashes Engineering Workforce Amidst Rising Chinese Competition

Renault plans to cut 15-20% of its global engineering staff over the next two years to boost agility and compete with rising Chinese automakers.

European Markets Rally on Hopes of US-Iran Peace Talks

European stock markets rally to one-month highs on renewed hopes for US-Iran peace talks, while oil prices decline amid diplomatic signals.

Amazon’s $11.6 Billion Globalstar Acquisition Signals Major Push into Satellite Internet

Amazon acquires Globalstar for $11.6 billion to expand its satellite network and compete with Starlink, enhancing its Direct-to-Device capabilities.

Albertsons Faces Soft Sales Outlook Amidst Intense Competition and Strained Consumer Demand

Albertsons forecasts soft annual sales below Wall Street estimates due to intense competition and strained consumer demand, while also addressing opioid lawsuit settlements.

Iran Conflict Fuels UK Housing Market Uncertainty, Damping Confidence and Demand

Explore how the Iran conflict and economic uncertainty are impacting the UK housing market, affecting seller confidence, buyer demand, and mortgage rates.

Avanos Medical to Go Private in $1.27 Billion Deal with American Industrial Partners

Avanos Medical agrees to be acquired by American Industrial Partners for $1.27 billion in an all-cash deal, with stockholders to receive $25 per share.

Russia’s Lunar Ambitions Delayed: Mission Pushed to 2028 Amidst Program Setbacks

Russia's space program faces significant delays, pushing its next lunar mission to 2028 amidst budget issues, technical failures, and falling behind global competitors like the US and China.

Russia Unveils Advanced Engine for Small Satellites, Fueling Space Race Competition

Russia announces the development of a new engine for ultra-light space rockets, aiming to enhance its capabilities in the competitive global space market for small satellite launches.

Big Banks Brace for Q1 Earnings Amidst Geopolitical Storms and Market Uncertainty

Big U.S. banks are set to release Q1 earnings amidst geopolitical tensions and market volatility. Discover what to expect from Goldman Sachs, JPMorgan Chase, Citigroup, and Bank of America.

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