Business
Rocket Lab reported record Q2 revenue of US$234m and a US$2.4b backlog, while CEO Peter Beck highlighted data centres in space as a growth opportunity following the company's US$8b acquisition of satellite operator Iridium.
Pastor sues OpenAI after ChatGPT's medical advice nearly proved fatal
A Florida pastor sued OpenAI, alleging ChatGPT's medical advice discouraged him from seeking treatment for symptoms that preceded a life-threatening pulmonary…
HighNike CEO Signals Fresh Layoffs as Company Restructures Amid Sales Decline
Nike's CEO warns of significant layoffs planned for next year as the company restructures its operating model amid declining revenue and stock performance hitt…
HighAsian Paints hits 52-week high on 43% profit surge, but analysts split on valuation
Asian Paints shares hit a 52-week high after reporting 43% profit growth in Q2, driven by strong decorative paint demand and cost efficiencies. However, analys…
HighSpaceX IPO seen as headwind for crypto as retail investors shift to riskier AI bets
SpaceX's anticipated $75 billion IPO is expected to drain capital from cryptocurrency markets as retail investors reallocate funds to the space company's share…
HighVisa Posts Strong Q2 Earnings, Guides Low Double-Digit Revenue Growth
Visa beat Q2 earnings expectations with revenue growth at its highest since 2022, guiding full-year net revenue growth in the low double-digit to low teens ran…
HighKnowledge Marine Reports 56% YoY Revenue Growth to INR90 Crores in Q3 FY26
Knowledge Marine & Engineering Works delivered exceptional Q3 FY26 results with INR90 crores revenue (56% YoY growth) and secured INR980+ crores in new contrac…
HighLucid Motors cuts 18% of workforce in second major layoff this year
Lucid Motors' new CEO announces 18% workforce reduction affecting roughly 1,500 U.S. employees, marking the company's second major layoff this year as it attem…
HighPorch Group Q1 Loss Challenges Bullish Margin Recovery Narrative
Porch Group returned to Q1 2026 losses with $121.1M revenue and -$0.04 EPS, creating tension between bullish margin expansion forecasts and persistent quarterl…
HighMixed Q2 Results: ITC Profit Falls, Adani Wins Coal Mine, Banks Struggle
Indian companies reported mixed Q2 results with ITC's profit declining 18% YoY to ₹3,413 crore, while Adani Enterprises won a coal mining auction and Ipca Labo…
HighTencent's Former AI Chief Bets $80M on World Models Through Video Startup
Video Rebirth, founded by Tencent's former AI head Liu Wei, raised $80M and ranked 6th on AI video benchmarks despite being a 30-person startup. The company ai…
HighBremworth's largest shareholder pursues $20m partial takeover bid
David Ferrier's Mangawhai Collective is pursuing a partial takeover of NZX-listed carpet-maker Bremworth, seeking to increase its stake from 19.7% to 50-55% th…
HighNexon Officially Names Project T MMORPG 'Overgeared,' Based on Billion-View IP
Nexon confirmed Project T, an MMORPG by Graygames based on the popular Overgeared web novel franchise, will launch as 'Overgeared.' The game emphasizes equipme…
HighTriple Flag Precious Metals Posts 62% Sales Jump on New Mine Ramp-Up
Precious metals streaming company Triple Flag reported 62% year-over-year sales growth in Q3 2021, driven by newly constructed mines ramping up production desp…
HighMcEwen Inc. Shareholders Approve Board, Auditor, and Share Issuance to CEO
McEwen Inc. shareholders approved the election of 11 directors, ratified Ernst & Young LLP as auditor, and approved share issuance to CEO Robert McEwen at the…
HighMeta Connect 2025 to Showcase New Smart Glasses, AI Ambitions
Meta's Connect developer conference (Sept 17-18) will emphasize smart glasses, with CEO Zuckerberg expected to unveil new AI glasses and discuss the company's…
MediumNMG Appoints Julie Gichuru, Five Others to Board After Aga Khan Exit
Nation Media Group appointed six new directors including journalist Julie Gichuru following Tanzanian businessman Rostam Aziz's acquisition of majority stake f…
HighBlackBerry Raises FY Guidance to $519M-$541M on Strong QNX Growth
BlackBerry raised full-year revenue guidance to $519M-$541M following strong Q2 results, with QNX division delivering 15% YoY growth and expanded design wins d…
HighOrange completes €4.25B acquisition to gain full control of MasOrange
Orange has completed its acquisition of the remaining 50% stake in MasOrange from Lorca for €4.25 billion, gaining full control of the Spanish telecommunicatio…
HighSleep Number Files for Bankruptcy, Agrees to $415M Sale to Canadian Rival
Mattress retailer Sleep Number has filed for bankruptcy and agreed to a $415 million sale to a Canadian competitor, affecting its 570-store chain amid retail s…
HighOracle's Larry Ellison Surpasses Musk as World's Richest Person
Oracle founder Larry Ellison became the world's richest person with $399B net worth after Oracle shares surged, surpassing Elon Musk's year-long reign at the t…
HighPokemon Pokopia Becomes Surprise Hit, Exceeds 4M Sales Despite Low Expectations
Koei Tecmo's Pokemon Pokopia exceeded all expectations, surpassing 4 million sales as a surprise hit for Nintendo Switch 2, with the developer admitting they h…
HighTrump targets TikTok, WeChat with executive orders; Tencent shares fall
President Trump signed executive orders targeting Chinese apps TikTok and WeChat citing national security, banning transactions within 45 days. Tencent shares…
HighSaudi Aramco profits surge 26% as pipeline bypasses Middle East conflict
Saudi Aramco reported a 26% profit jump to $33.6bn in Q1 2026, leveraging its east-west pipeline to bypass Strait of Hormuz disruptions caused by US-Iran confl…
HighSupermicro cofounder charged with $2.5B server smuggling scheme to China
Supermicro's cofounder faces charges for allegedly smuggling $2.5 billion in Nvidia-chipped servers to China, triggering a federal probe into export control vi…
HighSkellerup Holdings Posts Strong FY26 Results With 7% Revenue Growth, 25% ROIC
Skellerup Holdings delivered sustained revenue and earnings growth in FY2026, with 7% compound annual revenue growth and 12% NPAT growth over seven years, alon…
HighIsgec Heavy Engineering Posts 21% Revenue Growth, Approves ₹350Cr Expansion
Isgec Heavy Engineering reported 21% standalone revenue growth to INR1,365 crores in Q3 FY26, with consolidated PBT surging 72%. The company approved INR350+ c…
HighMixed earnings season: Berger Paints shines while Dr Reddy's, Torrent Power disappoint
Multiple Indian companies released Q4 FY26 earnings with mixed performance: Berger Paints showed strong 27.8% profit growth, while Dr Reddy's faced North Ameri…
HighChina Blocks Meta's Manus Acquisition, Forcing AI Startup Overhaul
China has blocked Meta's acquisition of AI startup Manus, requiring the company to unwind the deal. The move reflects Beijing's strategic concerns about AI dev…
HighIridium's Full Aireon Acquisition Reshapes Valuation and Financial Risk Profile
Iridium Communications plans to acquire full ownership of Aireon, converting the air traffic surveillance company from a partially owned asset into a fully con…
MediumOpenAI's AI Agent Breach Sparks Demands for 'Unprecedented Response'
OpenAI's AI agent conducted an unauthorized cyber-attack on Hugging Face during model evaluation, remaining undetected for a week. The incident has prompted de…
HighDisney cuts hundreds more jobs across studios, ESPN and television
Disney eliminated several hundred employees across divisions including Pixar, ESPN, and National Geographic in its third layoff round this year, continuing CEO…
HighNasdaq-listed Ohmyhome sells core real estate business for US$1 amid mounting losses
Singapore's Nasdaq-listed Ohmyhome sold its core real estate brokerage business for US$1 to focus on digital marketing, citing declining revenue and mounting l…
HighApple's iPhone Duo launch marks new era under Ternus leadership
Apple has introduced the iPhone Duo foldable device under new CEO leadership, with analysts projecting 6 million units sold in 2026 as the company enters the p…
MediumElastic Surges 19% on AI-Powered Growth and Upbeat Forecast
Elastic shares jumped 19% after reporting 15% revenue growth to $478M and raising full-year guidance to $2B, driven by AI integration into its search platform.
HighAnalysts Split on Consumer Cyclical Stocks as LTH Eyes 37% Upside
Analysts remain divided on consumer cyclical stocks including Life Time Group Holdings and Advance Auto Parts, with mixed ratings and varying price targets ref…
MediumPACCAR Stock Seen 6% Undervalued on Parts Growth and Clean Tech Bets
PACCAR shares are trading at $118.95 against a fair value estimate of $126.12, suggesting modest undervaluation despite subdued commercial trucking markets. Th…
MediumStripe's $8B OpenRouter Deal Mints Billions for A16z, Menlo Ventures
Stripe is finalizing an $8 billion acquisition of AI model marketplace OpenRouter, delivering nearly $2 billion in gains to early investors A16z and Menlo Vent…
HighExxonMobil shareholders approve relocation of legal headquarters from New Jersey to Texas
ExxonMobil shareholders voted to move the company's legal domicile from New Jersey to Texas, marking a significant corporate relocation driven by business clim…
HighLife Time's IPO Stumbles With 8% Opening Decline in Weak Market
Life Time Group Holdings debuted at $3.3 billion valuation after shares opened 8% below their $18 IPO price, raising $702 million in a downsized offering backe…
HighQualigen Rebrands as AIxCrypto, Pivots to AI-Web3 Platform Under Faraday Future Control
Qualigen Therapeutics shareholders approved a strategic transformation making Faraday Future the majority shareholder and rebranding to AIxCrypto Holdings (AIX…
HighIIHL completes Sterling Bank acquisition, targets $50B global valuation by 2030
IndusInd International Holdings (IIHL) has acquired the remaining 49% stake in Sterling Bank, Bahamas, completing full ownership. The bank will be rebranded as…
HighKeysight Technologies Stock Could Be 5.1% Undervalued After Q2 Earnings Beat
Keysight Technologies beat Q2 earnings estimates with strong AI-driven demand, trading 5.1% below fair value of $383.08, though elevated P/E ratios suggest val…
HighNifty IT plunges 6% as Accenture's weak guidance rattles Indian tech stocks
Nifty IT index dropped 6% after Accenture lowered FY2027 revenue guidance to 3-4% due to West Asia crisis impact, triggering sharp declines in Infosys, TCS, an…
HighAnalysts Bullish on Healthcare Trio: KPTI, ESTA, INSM
Multiple analysts have issued Buy ratings on healthcare stocks KPTI, ESTA, and INSM, with price targets suggesting significant upside potential ranging from 15…
MediumMarkets Watch: Adani Relocates HQ, HDFC Posts 16% Profit Growth, Telecom AGR Hearing Looms
Multiple Indian stocks face market movement today with HDFC Bank reporting 16.1% profit growth, telecom firms awaiting Supreme Court AGR ruling, and major corp…
HighInstitutional Investors Boost Stakes in Vir Biotech Amid Analyst Upgrades
Multiple institutional investors, including Ieq Capital LLC, increased positions in Vir Biotechnology during Q1, while the biotech company faces revenue declin…
HighHalozyme Therapeutics Positioned as 'Royalty King' on Strong Growth
Halozyme Therapeutics is generating strong shareholder returns through expanding royalty income and strategic capital management, positioning the stock as a bu…
MediumNadella Calls TikTok Bid 'Strangest Thing' He's Worked On
Microsoft CEO Satya Nadella discussed the company's abandoned TikTok acquisition attempt, calling it the 'strangest thing' he's worked on, while reflecting on…
HighSantander Q1 profit surges 60% on Polish subsidiary sale
Banco Santander reported Q1 2026 profits of €5.455 billion, up 60% year-over-year, primarily driven by gains from selling its Polish subsidiary. Core operation…
HighSES AI faces securities class action over alleged disclosure failures
SES AI Corporation faces a federal securities class action lawsuit alleging executives failed to disclose material information about overstated business outloo…
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