Palantir stock down 40% ahead of earnings as AI, software bets clash

Palantir's stock has plummeted over 40% since last November, reflecting negative investor sentiment ahead of its second-quarter earnings report. Despite expectations of a 143% net income increase and 80% revenue growth, analysts doubt it will suffice to stabilize the stock. Future guidance will be critical as Palantir's premium valuation remains a concern amidst political risks and high earnings expectations.

Strategy sells 1,638 bitcoin for $105M, boosts cash reserve to $4 billion

Strategy has shifted from accumulating Bitcoin to preserving cash, selling 1,638 Bitcoin for about $104.7 million and raising $290.6 million through a common stock sale. This aligns with a new focus on liquidity, boosting its cash reserve to $4 billion. Investors now must consider stock dynamics alongside Bitcoin's price in this evolving investment landscape.

Apple stock fell 7.4% and lost $426 billion in 2 days. Here’s why

Apple reported a 16.4% increase in fiscal Q3 2026 net sales, marking its best third quarter in five years, driven by a 21.7% rise in iPhone sales and an overall 18.1% jump in product sales, despite a 7.4% drop in stock. Concerns about weaker guidance and rising costs overshadow this growth. Apple faces challenges with supply chain issues and consumer spending constraints.

Alibaba stock rises 4.5% after Qwen3.8-Max AI model launch

Alibaba's US-listed shares rose 4% after the launch of its AI model, Qwen3.8-Max, which boasts 2.4 trillion parameters and enhances performance across tasks like coding and research. With plans for an open-source release, the model aims to expand Alibaba's AI ecosystem. Despite competition, the development signals strong investor confidence in Alibaba's growth strategy in AI and cloud computing.

German Robotics Startup Agile Robots Set to Double Revenue This Year

Agile Robots, a German robotics startup, anticipates revenue doubling from last year's €300 million, aiming for profitability in two to three years, bolstered by significant customer contracts and $1.5 billion in investor funding. The company focuses on industrial robotics, leveraging acquired expertise to adapt solutions to real factory challenges, setting the stage for future consumer robotics. Founded in 2018, Agile emphasizes building trust through proven industry relationships rather than instant humanoid capabilities.

US stock futures rise as Iran talks lower oil prices before jobs report

US stock futures rose ahead of the market opening, with Dow futures up over 330 points. Investors anticipate July’s jobs report, expecting 87,500 new jobs. Oil prices fell sharply after President Trump called off an attack on Iran. Markets remain focused on corporate earnings and geopolitical tensions, impacting oil and global trading sentiment.

Ritesh Sidhwani and Farhan Akhtar's Excel Entertainment launches Excel Music

Excel Entertainment has launched Excel Music, a dedicated music label to release original soundtracks and scores from its iconic films over the past 20 years, including favorites like Dil Chahta Hai and Gully Boy. Supported by Universal Music Group, the label’s first project is Mirzapur: The Movie, set for release on September 4, 2026, featuring Haryanvi artist Dhanda.

Prestige Group introduces 'Rise With Us' campaign to redefine its brand vision

Prestige Group's new corporate campaign "Rise With Us" aims to redefine its identity beyond construction, emphasizing its role in shaping communities and enriching lives. The campaign centers on the Falcon, symbolizing vision and strength, and highlights five core themes: nation-building, city development, community fostering, ecosystem growth, and livelihood enhancement, inviting shared journeys toward lasting impact.

Warren Buffett says most investors should buy this S&P 500 ETF instead

Warren Buffett recommends new investors choose S&P 500 index funds as a straightforward way to build wealth. He has championed these funds for their long-term track record and diversification, highlighting their superiority over actively managed funds in his famous $1 million bet. Buffett's advice simplifies investing: consistent contributions to an S&P 500 ETF may yield substantial returns over time.

Amazon’s AI bet pays off as Jeff Bezos gets $25 billion richer

Amazon shares surged 14% after the company reported better-than-expected quarterly results, marking its largest one-day gain in over a decade. Revenue reached $206.6 billion, buoyed by a 37% rise in Amazon Web Services (AWS) sales, signaling strong demand for AI and cloud services. This also increased Jeff Bezos' wealth by $25 billion, enhancing his position among the world's richest.

Wall Street AI boom faces test as SpaceX earnings, US jobs data arrive

Wall Street anticipates a pivotal week as stocks enjoy a strong rally, with SpaceX's first earnings report on Tuesday and the US jobs report on Friday. Investors seek insights on AI investments and job growth impacts, as SpaceX faces pressures from declining stock prices and high capital expenditures. This week’s data will test the sustainability of the current AI-driven market optimism.

Why are SpaceX investors asking Elon Musk to paint Starship pink?

SpaceX's first earnings call as a public company is set for August 4, focusing on financial results and its emerging AI and Starlink business. Retail investors are asking diverse questions, from updates on the Starship rocket and its Shiba Inu mascot, Asteroid, to whimsical ideas like painting rockets pink. This reflects a broader interest in SpaceX’s long-term vision beyond profits.

How SK Hynix became a $1 trillion AI giant and why it’s coming to Nasdaq

SK Hynix, South Korea’s second-largest chipmaker, has soared in value, driven by the AI boom, with its stock rising 13-fold since early 2025, reaching a $1 trillion market cap. The company is debuting on Nasdaq to attract global investors and fund expansion. Founded in 1983, it has transformed from a struggling firm to a leader in advanced memory chips.

Why does JPMorgan expect the S&P 500 to surge 10% despite inflation?

JPMorgan predicts the S&P 500 will rise over 10% in the next year, reaching around 8,200, despite inflation concerns, as strong economic growth and AI demand support the bull market. Executive director Kriti Gupta asserts that the US economy remains resilient, with robust corporate profits and a stable job market. Inflation risks won't derail the long-term rally, she emphasizes.

Gold, code and the rupee: Inside the quiet war over how the world will pay

India navigates currency convertibility cautiously, allowing dollar flows for trade but restricting capital movement to prevent volatile 'hot money.' The aim is not to rival the dollar but to secure a role in a multipolar system, facilitating regional trade with the rupee. Achieving this requires economic stability and deeper market ties as geopolitical tensions rise.

Private equity is coming for the Indian Premier League

The Indian Premier League (IPL), launched in 2008, attracted Bollywood stars and tycoons, resulting in massive viewership estimated between 400m to 900m. However, foreign investment is rising, with Blackstone acquiring Royal Challengers Bengaluru for $1.8bn and Temasek seeking teams. Valued over $20bn, the IPL thrives on media rights and strong female audience engagement.

Planning to buy a home? Let your down payment grow while you pick the right one

Saving for a home down payment requires a fixed timeline and a significant amount, making it distinct from other financial goals. Instead of seeking the highest returns, investors should align investments, particularly bonds, with their payment timeline for predictability. This strategy aids in achieving financial security when the time comes to make the down payment.

Tesla Weighs Sale of China Business to Pave Way for Potential SpaceX Merger

Elon Musk has structured Tesla's China operations to be easily separable from its U.S. business due to geopolitical tensions, anticipating a merger with SpaceX. Executives are preparing for potential separations, including spinoffs or sales, to ensure U.S. operations remain viable amidst fears of conflict over Taiwan. Tesla's factories in Shanghai are critical to its global success and are wholly owned, distinct from common joint ventures.

Tim Cook signs off with Apple’s best ever June quarter as India drives momentum

In Tim Cook's final earnings call, Apple reported a record $109.4 billion revenue for the June quarter, up 16% year-on-year, with significant growth in iPhone, Mac, and Services despite geopolitical tensions and supply chain challenges. India emerged as a key market, highlighting Apple's strength amid broader industry declines. Cook noted challenges ahead due to high demand and supply constraints.

Jersey Mike’s stock falls 2% after NYSE debut despite $1 billion IPO

Jersey Mike’s stock fell 2% on its NYSE debut, opening at $21 versus the $23 IPO price, raising about $1 billion and valuing the chain at $7.3 billion. Operating nearly 3,300 locations, Jersey Mike’s reported a $55 million profit and plans to expand internationally after Blackstone acquired a majority stake. The founder aims for 15,000 global locations.

Situational Awareness unwinds hedge fund with up to $24B after AI bets fail

Leopold Aschenbrenner's hedge fund, Situational Awareness, has fully unwound its portfolio due to significant losses in AI and software investments, managing $20 to $24 billion before the sell-off. Despite earlier gains of 439%, leverage led to steep declines in tech stocks, prompting asset liquidation to maintain liquidity. The fund's exposure included major put-options, and it also attempted to sell its stake in Anthropic amid financial pressures.

Why Nvidia, Nebius, Amazon and AI stocks are soaring after Azure growth

AI stocks surged on Thursday following robust cloud growth from Microsoft, which reported a 43% increase in Azure revenue, leading to a 15% jump in its shares and a 2% rise in the Nasdaq. Despite a recent correction in AI stocks, including a 40.7% average decline across 49 companies, investor confidence in AI demand remains strong.

US core inflation at 3.3% keeps September Fed rate hike in focus

Core PCE inflation eased to 3.3% in June, matching economist expectations but still above the Fed's 2% target, with monthly prices rising 0.1%. The decrease followed a temporary pause in Iran conflict, alleviating oil price pressures. Despite slower economic growth at 1.5%, consumer spending rose. The Fed kept interest rates steady, eyeing inflation trends ahead of the September meeting.

Selling stakes in the beautiful game. What could go wrong?

FIFA plans to raise $4.2 billion by selling a stake in its future tournaments to private investors, drawing criticism from UEFA, which may boycott World Cups if the plan proceeds. Gianni Infantino’s FIFA Forward Enterprise aims to consolidate operations, but worries persist about profit-driven decisions undermining the sport’s integrity. This investment strategy parallels other sports' commercialization trends.

Intercontinental Exchange to buy MarketAxess in $6B deal, expands bond trading

Intercontinental Exchange (ICE) will acquire MarketAxess Holdings for about $6 billion in cash, paying $167 per share—a 33% premium over its recent price. The acquisition enhances ICE's fixed-income capabilities, fostering a unified trading platform. MarketAxess facilitates electronic bond trading globally. ICE's quarterly revenue rose 3%, driven by heightened market activity amid global volatility.

The Rise of Million-Dollar Companies With Just One Employee

Ben Broca's AI startup, launched in December, already boasts 10,000 customers and projected $10 million revenue, all managed solo without employees. This trend reflects a rise in solo entrepreneurs leveraging AI for tasks such as coding and customer service, challenging traditional business models. While AI improves ease of launch, concerns about job displacement linger as solo ventures surge.

Apple plans to lease iPhones for $17.99 a month: Here's how

Apple has launched "Apple Upgrade," a leasing program for the latest iPhones and devices, allowing customers to pay monthly rather than a lump sum. Announced on July 28, it offers lease terms of 12, 24, or 36 months, replacing previous programs. Customers can choose to upgrade, buy, or return devices at lease end. Eligibility requires U.S. residency, age 18+, and good standing with Apple and Klarna.

Microsoft spends $41 billion on AI as Azure revenue jumps 43%, beats estimates

Microsoft reported robust quarterly earnings, primarily driven by a 43% revenue growth in its Azure cloud business, surpassing Wall Street's expectations. The company invested $41 billion in AI infrastructure, reflecting strong demand. Its adjusted earnings reached $4.74 per share, exceeding forecasts, while Azure is set to grow even faster in the coming quarter, bolstering investor confidence amid prior concerns over AI spending.

Mercedes recalls over 310,000 US vehicles as weak China sales hit forecast

Mercedes-Benz is recalling 310,667 vehicles in the U.S. due to a defective driver's door lock that may not engage the automatic park brake, increasing crash risks. The recall affects various models. Concurrently, Mercedes lowered its sales forecasts due to intense competition in China. The company aims for future growth through new models and cost-cutting strategies amid ongoing global uncertainties.

Tech Tonic | Big AI keeps making the same mistake about Chinese AI companies

The global AI industry is caught in a cycle where Chinese companies consistently unveil powerful models, prompting disbelief and defensive moves from Silicon Valley. Leading the usage stats is Xiaomi’s MiMo-V2.5 with 9.77 trillion tokens, while American models lag behind. China's strategic support for AI development through regulation and funding positions it ahead.