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

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.

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.

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.

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.

US and Europe want Brazil’s minerals to reduce reliance on China

The US and Europe are increasing outreach to Brazil for critical minerals and rare earths, aiming to build alternative supply chains as competition for strategic resources intensifies.

Europe tightens cybersecurity rules with push to phase out risky suppliers

The EU is moving toward mandatory rules to phase out “high-risk” tech suppliers from critical infrastructure, aiming to strengthen cybersecurity and reduce strategic dependence across member states.

Foreign direct investment into China fell 9.5% in 2025, official data shows

Foreign direct investment into China dropped 9.5% in 2025 to 747.7 billion yuan, official data shows, despite higher inflows from Switzerland, the UAE and the UK.

Singapore introduces new rules to guide safe deployment of autonomous AI agents

Singapore unveiled a new Model AI Governance Framework for Agentic AI, offering guidance and safeguards for responsible deployment of autonomous AI agents in business.

Italy, Germany seek “safe supply chains” for key materials amid China concerns

Italy and Germany pledged closer coordination on critical raw materials to secure stable supply chains and curb price dominance, as Europe seeks stronger industrial resilience.

Apple Reportedly Eyes Intel Partnership for Future iPhone Chips

Apple is reportedly considering a partnership with Intel to manufacture some future iPhone chips, aiming to diversify its supply chain and reduce reliance on TSMC. Reports suggest Intel would act as a foundry for Apple-designed processors, potentially starting in 2028.

Intel Stock Tumbles as Manufacturing Woes Overshadow Earnings

Intel's stock plummets after weak Q4 earnings and a disappointing outlook, citing manufacturing and supply chain issues that hinder its ability to meet AI data center demand.

JP Morgan CEO Jamie Dimon Slams Trump’s Credit Card Cap as ‘Economic Disaster’

JPMorgan Chase CEO Jamie Dimon has issued a stark warning against former President Donald Trump's proposal to cap credit card interest rates at 10%....

Blue Origin Launches ‘TeraWave’ to Challenge SpaceX’s Starlink in Satellite Internet Race

Blue Origin announces TeraWave, a 5,408-satellite constellation to rival SpaceX's Starlink and Amazon's Leo, targeting enterprise and government users with high-speed internet.

AI Titans Clash: Musk and Altman Trade Barbs Over AI Safety and Tesla Autopilot Deaths

Elon Musk and Sam Altman's feud escalates on X, with accusations over ChatGPT and Tesla Autopilot safety, amidst ongoing legal battles.

Gold Prices Soar Past $4,800 Amidst Geopolitical Storms and Safe-Haven Rush

Gold prices surge above $4,800 per ounce driven by geopolitical tensions, safe-haven demand, and a weaker US dollar. Explore the factors influencing this record-breaking rally and what it means for investors.

Nvidia’s Jensen Huang says robotics is Europe’s “once-in-a-generation” opportunity

Nvidia CEO Jensen Huang says robotics and “physical AI” are a once-in-a-generation opportunity for Europe, urging the region to fuse AI with its industrial strength at Davos 2026.

Kuaishou’s Kling AI tops 12 million monthly users as revenue surges

Kuaishou’s Kling AI has reportedly surpassed 12 million monthly active users as the AI video platform’s revenue climbs, pushing its annualized run rate toward $240 million.

Apple in talks with Visa and Mastercard to bring Apple Pay to India in 2026

Apple is reportedly in talks with Visa and Mastercard to launch Apple Pay in India, targeting a phased rollout in 2026 as it seeks regulatory and commercial approvals.

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