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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.

Technology

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.

EU and India finalize “mother of all deals” as tariffs fall and market access expands

The EU and India finalized a landmark free trade agreement aimed at cutting tariffs on most goods, easing access for services and investment, and reshaping trade ties across a combined market of about 2 billion people.

Storm Chandra batters UK and Ireland with flooding, school closures and travel disruption

Storm Chandra brought heavy rain and strong winds to the UK and Ireland, triggering flooding, rescues, school closures, flight and ferry cancellations, and widespread power outages.

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.

Iranian Rial Plummets to Record Low Amidst Protests and Economic Strain

Iran's currency, the rial, hits a record low of 1.5 million against the US dollar amid ongoing protests and international pressure.

Waymo to Launch Autonomous Robotaxi Service at San Jose Airport

Alphabet’s autonomous vehicle unit, Waymo, is preparing to launch test rides for its robotaxis at San Jose Mineta International Airport in California this fall....

OpenAI Expands in India with ChatGPT Growth and Local Initiatives

OpenAI is rapidly expanding its presence in India, recognizing the country as a critical market for its ChatGPT product. India’s large and youthful population...

OpenAI Launches AI Jobs Platform and Expanded Certification Programs

ChatGPT said: OpenAI has announced plans to launch an AI-focused jobs platform aimed at connecting qualified candidates with companies, part of a broader strategy to...

Tesla Proposes $975 Billion Pay Plan for CEO Elon Musk

Tesla has proposed an unprecedented pay plan for CEO Elon Musk, seeking shareholder approval for a package that could be worth nearly $975 billion...

Broadcom Shares Soar as $10 Billion AI Customer Boosts Growth Outlook

ChatGPT said: Broadcom shares surged 9.4% after the chipmaker revealed it had secured a new $10 billion customer, widely believed by analysts to be AI...

EU Slaps Google with $3.45 Billion Antitrust Fine Over Adtech Practices

Google has been hit with a 2.95-billion-euro ($3.45 billion) antitrust fine by European Union regulators over alleged anti-competitive practices in its advertising technology business....

Roblox Launches Short-Video and AI Tools Amid Child Safety Scrutiny

ChatGPT said: Roblox has unveiled new short-video and artificial intelligence features as the company faces heightened scrutiny over child safety on its platform. The new...

Anthropic Settles AI Copyright Lawsuit for $1.5 Billion

ChatGPT said: Anthropic has reached a settlement to pay at least $1.5 billion in a class action lawsuit filed by a group of authors who...

Tech Stocks Surge $420 Billion Amid Antitrust Wins, AI Deals, and Tesla Pay Plan

ChatGPT said: It was a strong week for U.S. tech investors as major developments in antitrust, artificial intelligence, and executive pay boosted market sentiment. Alphabet...

FTC Commissioner Questions Status of AI Chatbot Complaint Against Snap

U.S. Federal Trade Commission Commissioner Rebecca Slaughter raised concerns regarding the status of a non-public complaint involving Snap’s My AI chatbot, which the agency...

AppLovin and Robinhood to Join S&P 500, Shares Jump

Shares of advertising technology firm AppLovin and stock trading platform Robinhood Markets surged roughly 7% each in extended trading after S&P Global announced that...

Palo Alto Networks to Acquire CyberArk in $25 Billion Cybersecurity Deal

Palo Alto Networks has announced plans to acquire Israeli identity security firm CyberArk in a deal valued at approximately $25 billion. Under the agreement,...

Ethereum Turns 10: A New Era of Institutional Adoption and Decentralized Growth

Ethereum has entered its second decade with renewed optimism, following years of underperformance and doubt about its long-term relevance. While its native token, ether...

Robinhood Surpasses Q2 Expectations with 45% Revenue Growth and Strong User Gains

Robinhood delivered better-than-expected second-quarter results, continuing its strong momentum as the top-performing large-cap U.S. tech stock of the year. The company reported earnings per...

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