BUSINESS

Apple plans a major product launch in September 2026, unveiling the iPhone 18 Pro, Pro Max, and its first foldable iPhone, marking a strategic shift towards premium models and innovative technology.

Rory McIlroy criticises the PGA Tour's proposed two-track competition model, warning it could diminish the prestige of traditional tournaments. The plan aims to restore competitive meritocracy but faces resistance.

Meta platforms, including Facebook and Instagram, faced a significant outage affecting users worldwide. The disruption highlighted vulnerabilities in social media infrastructure, impacting businesses and individual users alike.

Following SpaceX's historic IPO, speculation mounts over a potential merger with Tesla. Analysts highlight synergies and challenges, while prediction markets assess the likelihood of a deal.

Elon Musk's net worth surpasses $1 trillion following SpaceX's IPO, marking him as the world's first trillionaire and spotlighting wealth concentration in the tech sector.

Activision and Treyarch are releasing PlayStation ports of Call of Duty: Black Ops and Black Ops II in July, offering fans modern access to these classic titles with potential enhancements.

OpenAI and Anthropic are preparing for major IPOs, potentially among the largest ever, as they compete to capitalise on the booming AI market and investor interest.

Apple plans to increase product prices due to a memory chip shortage caused by high AI demand, impacting iPhones, Macs, and iPads. Tim Cook describes the situation as a 'hundred-year flood.'

The S&P/ASX 200 index saw gains driven by biotechnology and resources sectors, with companies like Mesoblast and Deep Yellow leading due to interest in regenerative medicine and nuclear energy.

Biohaven Ltd. shares rose over 12% due to positive developments in its clinical pipeline, focusing on immunology, neuroscience, and obesity treatments, with analysts projecting significant upside potential.

Anthropic's Claude AI chatbot faced service disruptions due to surging demand, affecting users globally. The outages highlight infrastructure challenges as the AI model gains popularity.

South Korea's KOSPI index surpassed 9,000 points, driven by semiconductor demand and AI investments, marking a significant milestone in the global technology market.

Investors weigh NVIDIA's AI leadership against SpaceX's space ambitions, assessing risk-reward profiles in a market driven by transformative technologies. Both companies offer unique growth opportunities and challenges.

Elon Musk forecasts SpaceX could achieve $1 trillion in revenue by 2030, driven by Starlink and reusable rockets, despite facing technical, regulatory, and competitive challenges.

The ASX 200 index fell by 0.49% amid cautious trading, influenced by mixed global economic data and domestic corporate developments, with miners and financials weighing on the market.

Citizens Bank customers experienced online and mobile banking disruptions due to scheduled maintenance. While core services remained operational, users faced login issues and transaction delays.

GameStop's Q1 results show record profits and strategic shifts under CEO Ryan Cohen, including a rejected eBay acquisition bid. The company focuses on collectibles and store optimization amid retail challenges.