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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.

OpenAI Launches First European Stargate AI Data Center in Norway

OpenAI announced the launch of a Stargate-branded AI data center in Norway, marking its first such initiative in Europe. The project will be developed...

Meta’s Reality Labs Posts $4.5 Billion Loss in Q2 Amid AR/VR Expansion

Meta’s Reality Labs division, responsible for developing augmented and virtual reality technologies, reported an operating loss of $4.53 billion for the second quarter. The...

Qualcomm Beats Q3 Expectations and Projects Strong Outlook Despite Apple Phase-Out

Qualcomm reported fiscal third-quarter results that exceeded analyst expectations, delivering adjusted earnings per share of $2.77 on revenue of $10.37 billion. Both figures narrowly...

Microsoft Hits $4 Trillion Market Cap After Strong Earnings, Joins Nvidia at the Top

Microsoft has surged into the exclusive $4 trillion market cap club, following a post-earnings rally that sent its shares soaring 8% in after-hours trading....

Figma Prices IPO at $33, Raising $1.2 Billion and Valuing Company at $19.3 Billion

Figma, the collaborative design platform, has officially priced its initial public offering at $33 per share, surpassing its projected range of $30 to $32....

eBay Shares Surge 10% After Strong Q2 Results and Positive Outlook

Shares of eBay jumped 10% in extended trading after the company posted stronger-than-expected results for the second quarter and issued an optimistic forecast for...

Mark Zuckerberg Commits to Sustained AI Investment Amid Industry-Wide Spending Surge

Meta CEO Mark Zuckerberg confirmed plans to maintain aggressive spending on artificial intelligence well into next year, aligning with similar moves by other leading...

Samsung Q2 Earnings Miss Expectations Amid Sharp Chip Profit Decline

Samsung Electronics reported a second-quarter operating profit of 4.7 trillion Korean won ($3.38 billion), falling short of analyst expectations due to a dramatic 93.8%...

Elon Musk’s Boring Company Faces Scrutiny Over Nashville Tunnel Project

Elon Musk’s tunneling company, The Boring Company, recently announced plans to build a 10-mile underground transit loop in Nashville, Tennessee, with strong backing from...

Nvidia Faces Heightened Scrutiny from China Amid H20 AI Chip Export Resumption

Nvidia has received approval from Washington to resume exports of its H20 AI processing units to China, yet the chips may encounter increased scrutiny...

AI-Generated ASMR Videos Offer Stress Relief and Sensory Escape

Yin Chenxi, a second-year postgraduate student, was working on her thesis when a video on the Chinese platform RedNote caught her attention. Tagged with...

India Becomes Top U.S. Smartphone Exporter, Surpassing China

India has officially surpassed China as the largest exporter of smartphones to the United States, marking a pivotal shift in the global electronics supply...

Europe Invests Billions in AI Gigafactories to Regain Global Competitiveness

Europe is moving forward with ambitious plans to establish AI gigafactories as part of its strategy to revitalize its artificial intelligence sector and secure...

Google Agrees to EU AI Guidelines Amid Innovation Concerns

Google has announced its decision to sign the European Union’s voluntary code of practice for general-purpose AI models, a move intended to support broader...

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