Business

Micron Shares Rebound to Defy Memory-Chip Selloff as Wall Street Holds Firm

Micron Technology shares reversed sharp losses to finish higher, defying a memory-chip selloff that pressured rivals Sandisk and Western Digital as Wall St
Business Aarav Shen -

Twilio Shares Surge 31% After Earnings Beat as AI Tools Gain Traction

Twilio stock jumped about 31% after a stronger-than-expected earnings report, driven by growing adoption of its AI-powered customer engagement tools.
Business Khaled Ayoub -

FAA Orders Crack Inspections for Hundreds of Boeing 737 Max Jets

The FAA has finalized a directive requiring crack inspections for 471 Boeing 737 Max jets, effective September 10, following reports in older models.
Business Aarav Shen -

Trump Administration Renews Push to Remove Fed Governor Lisa Cook Over Mortgage Claims

The Trump administration has revived its push to remove Fed governor Lisa Cook over mortgage claims, giving her until August 26 to respond.
America Aarav Shen -

US Economy Sheds 23,000 Jobs in July as Rate Hike Bets Fade

The US economy lost 23,000 jobs in July as labour force participation slumped, prompting markets to cut bets on a September Federal Reserve rate hike.
Business Khaled Ayoub -
Latest

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

USA Rare Earth surges after $1.6B federal deal boosts US supply chain push

USA Rare Earth shares jumped after the US backed a $1.6 billion funding package to build a Texas mine and US magnet facility, boosting Washington’s push to reduce dependence on China.

S&P 500 nears 7,000 as Wall Street rallies ahead of Fed decision and big tech earnings

US stocks edged higher as the S&P 500 gained about 0.4% on Monday, with investors positioning for a pivotal week dominated by major tech...

Gold hits fresh record above $5,100 on geopolitical stress, weaker dollar and ETF inflows

Gold surged above $5,100 to a new all-time high as investors rushed into safe havens amid geopolitical tension, a weaker dollar, central bank buying and renewed ETF inflows.

China’s Sinochem moves to ease Pirelli standoff as US expansion faces scrutiny

Sinochem has proposed a “structured solution” to resolve a governance dispute at Pirelli, as Camfin increases its stake and Italy weighs intervention under golden power rules.

Europe’s IPO market surges to fastest start since 1995, led by major defence listing

Europe’s IPO market has started 2026 at a record pace, with early listings raising hopes of a revival as investors return and major flotations boost confidence.

Singapore expected to keep policy steady as growth beats forecasts and inflation stays contained

Singapore is expected to keep monetary policy unchanged as growth strengthens and inflation remains contained, giving MAS room to maintain a stable exchange-rate stance.

German business confidence stabilizes as outlook improves slightly and current view softens

Germany’s Ifo business climate index held steady in January at 87.6, showing cautious sentiment as expectations improved slightly while firms judged current conditions more negatively.

Ryanair profits slide after Italy fine, but airline lifts fare outlook on strong demand

Ryanair reported a sharp quarterly profit decline after taking an €85 million charge tied to an Italian antitrust fine, but the airline upgraded its fare outlook and forecast higher full-year profit on strong demand.

China’s LandSpace pushes ahead with up to $1B+ IPO to fund reusable rockets

China’s private rocket maker LandSpace is pushing ahead with a major IPO as the exchange reviews its application, aiming to raise around $1 billion or more to expand reusable rocket technology and production.

China deepens scrutiny of Meta’s $2B Manus acquisition in rare regulatory escalation

China has expanded its review of Meta’s $2 billion acquisition of AI startup Manus, widening scrutiny beyond national security to include financial and compliance checks that could force changes to the deal.

Beijing sets 4.5%–5% growth goal as China weighs lower 2026 GDP target

China is expected to set a 2026 GDP growth target range of 4.5% to 5% to gain policy flexibility, while Beijing sets a similar growth goal for the next five years.

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