BUSINESS

Bath & Body Works Inc. shares surged 16.86 percent on Wednesday, rising $2.99 to $20.72 in morning trading after the retailer reported first-quarter results that exceeded Wall Street expectations on both sales and earnings, offering reassurance amid a challenging retail environment.

Micron Technology's shares surged due to strong AI infrastructure demand, tight supply conditions, and bullish forecasts, pushing its market cap towards $1 trillion and highlighting its role in AI data centers.

The Dow Jones Industrial Average rose by 164.66 points, driven by AI enthusiasm and easing geopolitical tensions, with strong corporate earnings and semiconductor momentum supporting the market.

CD Projekt Red announces 'Songs of the Past,' a new expansion for The Witcher 3, arriving in 2027. The expansion continues Geralt's adventures, marking a decade-long legacy for the acclaimed RPG.

The S&P/ASX 200 index rose slightly, reflecting cautious optimism amid global tensions and stable domestic economic indicators, with resource and financial stocks providing support despite broader market hesitation.

Canva experienced scattered disruptions affecting users in Asia and North America, causing workflow interruptions for professionals and students relying on the platform for design projects.

Futu Holdings' shares rose over 17% due to aggressive share buybacks and anticipation of a strong earnings report, reflecting investor confidence in the company's growth and capital return strategies.

JOYY Inc. shares rose 17% after reporting strong Q1 revenue growth and announcing a $1.5 billion shareholder return program, reflecting investor confidence in its diversified tech ecosystem.

Intuitive Machines' shares surged over 15% as investors responded positively to its NASA lunar mission progress and commercial opportunities, highlighting its leadership in the growing space infrastructure sector.

United Microelectronics Corporation's shares rose 17% due to strong April revenue and optimism in the AI semiconductor market, reflecting confidence in the company's strategic focus and market positioning.

Firefly Aerospace's shares rose over 20% due to its expanding role in national security programs and strong demand for space infrastructure solutions, driven by contract wins and advancements in lunar and orbital programs.

Modine Manufacturing's shares rose over 24% following a $4 billion multi-year agreement with a data center client, highlighting its pivotal role in AI infrastructure and boosting investor confidence.

Redwire Corporation's shares jumped over 23% due to new defense contracts and positive analyst reviews, highlighting its growth in the space and national security sectors.

GameStop proposes a $56 billion acquisition of eBay, aiming to create a powerful retail entity. The move, led by CEO Ryan Cohen, has sparked speculation and market volatility.

The Dow Jones Industrial Average rose nearly 195 points as investors welcomed progress in U.S.-Iran peace talks, boosting market sentiment and stabilising global energy markets.

Micron Technology shares surged over 13% following a UBS analyst upgrade, highlighting strong demand for AI-driven memory chips and strategic supply agreements, boosting investor confidence in the company's growth.

Pending home sales in the US rose 1.4% in April, defying expectations amid high mortgage rates. This unexpected increase prompts debate on real estate's reliability as a wealth-building strategy.

A comprehensive guide to the top prop firms in Australia for 2026. Compare evaluation models, challenge rules, profit splits, and payout structures to find your best fit.

US military strikes in Iran have caused volatility in global oil markets, with Brent crude rising and WTI falling. The situation underscores the sensitivity of energy markets to Middle East tensions.

Kuwait International Airport is operational with phased recovery efforts. Terminals 4 and 5 are active, while Terminal 1 remains under repair. Travellers should check airline updates for changes.

Rockstar Games will start marketing 'GTA 6' this summer, with a confirmed release date of November 19. The game is expected to be a major commercial success.

Fisher & Paykel Healthcare's shares rose over 9% following strong full-year results, driven by global demand for respiratory care products and strategic growth initiatives.

Apple plans to launch its first foldable iPhone, possibly named iPhone Ultra, in 2026. The device promises advanced features, a premium price, and aims to set new benchmarks in the foldable market.

Australian households will see reduced electricity costs from July 1 as regulators cut default market offer prices, providing relief amid global energy market volatility due to Middle East tensions.

Australian shares fell as the S&P/ASX 200 index closed at 8,665.1, down 0.31%, amid geopolitical tensions, rising oil prices, and higher global bond yields, affecting various sectors differently.

Blake Lively and Ryan Reynolds face $2.1 million in contractor liens on their eco-friendly Lewisboro estate, highlighting the complexities of celebrity construction projects.

Metronet experienced scattered outages on Memorial Day, affecting customers in the Midwest. The disruptions, linked to maintenance and technical issues, highlighted the challenges of maintaining reliable internet service.

The NYSE and Nasdaq are closed for Memorial Day 2026, aligning with federal holidays. This pause offers market participants a break amid rising Treasury yields and volatile equities.

Treasury yields have surged to levels not seen in nearly two decades, raising borrowing costs for American consumers and impacting mortgages and auto loans amid inflation and fiscal concerns.