Business

Applied Digital Stock Sits Near 52-Week Low as $5 Billion Debt Weighs

Applied Digital shares trade near a 52-week low after a 50% drop, weighed down by $5 billion in debt as it builds AI data centers with a $36 billion backlo
Business Aarav Shen -

Applied Digital Stock Sits Near 52-Week Low as $5 Billion Debt Weighs

Applied Digital shares trade near a 52-week low after a 50% drop, weighed down by $5 billion in debt as it builds AI data centers with a $36 billion backlo
Business Aarav Shen -

Peter Max, Psychedelic Pop Artist of 1960s Flower Power, Dies at 88

Peter Max, whose colorful psychedelic pop art defined 1960s flower power and graced stamps, planes and a cruise ship, has died at 88.
Culture BT Sports And Culture Team -

Sweden’s Kristersson Resigns as Left-Wing Bloc Wins Three-Seat Majority

Swedish PM Ulf Kristersson resigned Thursday after the left-wing opposition won a three-seat majority in Sunday's election.
Europe Aarav Shen -

SEC Clears Tokenized US Stocks With Five-Year Trading Exemption

The SEC issued an order Thursday creating a five-year Innovation Exemption for tokenized U.S. stocks, with rules on voting rights and company consent.
Business Aarav Shen -
Latest

Defense and Space Startups Turn to SPAC Mergers as Investor Appetite Climbs

Six defense and space firms announced SPAC mergers so far this year, up from three in all of 2025, as investor interest in the sector rises.

China Rejects US Call to Slow AI, Fearing Entrenched American Lead

Chinese researchers and state media reject US tech leaders' calls for an AI slowdown, arguing it would entrench America's lead as Beijing accelerates.

Canadian Investors Spent $9B on U.S. Real Estate in Year Through June

Canadian firms spent $9 billion on U.S. commercial real estate in the 12 months to June, up from a five-year rolling average of $5 billion.

Coca-Cola Returns 84% over Five Years as PepsiCo Manages 3%

Coca-Cola shares returned 84% over five years against PepsiCo's 3%, as Q2 results show diverging margins and guidance.

Oracle Down 50% in a Year Despite 30% Revenue Growth and $664 Billion Backlog

Oracle shares are down about 50% over the past year despite 30% revenue growth and a $664 billion contract backlog in remaining performance obligations.

DocuSign Bets on AI Agreement Platform as Revenue Growth Slows to 9%

DocuSign is shifting from e-signatures to AI-driven agreement management as revenue growth slows to 9%, with IAM now 15% of annual recurring revenue.

Nearly a Dozen Data Center Firms Go Public, File for IPO or Explore Listings

Nearly a dozen data center companies have gone public, filed for IPOs, or been reported exploring one over the past year, with the pace accelerating recent

Ambarella Targets 10-15% Revenue Growth as Edge AI Demand Widens

Ambarella CEO Fermi Wang told Citi's TMT Conference the chipmaker targets 10-15% revenue growth as edge AI demand widens across security and automotive.

Ryanair Warns Airfares Could Jump Next Year If Oil Stays High

Ryanair CEO Michael O'Leary warned airfares could jump next year if oil stays high, as the airline cut its passenger target and shares trade near a one-yea

Dow Halves Dividend to $0.35 as Chemical Payouts Come Under Strain

Dow cut its quarterly dividend to $0.35, LyondellBasell halved its payout to $0.69, and PPG keeps growing its dividend since 1999.

Willis Lease Profit Falls 51% to $28.7 Million in Q2 2026

Willis Lease Finance reported August 4 that net income fell 51.2% to $28.7 million in Q2 2026, even as operating income and management fees grew.

Tanker Freight Fund Soars 3,600% as U.S.-Iran Conflict Squeezes Hormuz

The Breakwave Tanker Shipping ETF has surged roughly 3,600% in 2026 as the U.S.-Iran conflict disrupts shipping through the Strait of Hormuz.

Amodei Says China Is ‘Toughest’ Challenge for AI Slowdown Plan

Anthropic CEO Dario Amodei called China the hardest obstacle to his AI slowdown plan, drawing backing from Altman, Hassabis and Musk.

Oracle’s Larry Ellison Cancels Plan to Sell Up to 50 Million Shares

Larry Ellison canceled a plan to sell up to 50 million Oracle shares, the company disclosed on Sept. 11.

- A word from our sponsors -

spot_img

Follow us

HomeBusiness