BUSINESS

Elon Musk is investing tens of billions in Tesla, SpaceX, xAI, and a new chip venture, while also resuming large-scale political donations, marking 2026 as a year of significant financial commitments.

Yelp's Q2 earnings exceeded expectations, driven by AI-powered products, despite challenges in its core advertising business. The company maintains its growth outlook, focusing on AI innovations.

Atlassian's shares rose over 30% following strong Q4 results, with revenue and AI growth exceeding expectations. The company projected continued cloud revenue growth, boosting investor confidence.

The FDA has approved Moderna's mFLUSIVA, the first mRNA-based vaccine for seasonal flu, for adults 50 and older, marking a significant advancement in mRNA technology.

Nintendo's quarterly profit soared, driven by strong software sales, despite a decline in Switch 2 hardware sales. The company maintains a cautious outlook due to rising memory chip costs.

GameStop's stock remains volatile amid a $1.4 billion debt-for-equity exchange, potential shareholder dilution, and ongoing eBay acquisition efforts, with significant implications for its financial strategy.

The Golden State Warriors' odds for the 2027 NBA championship have dropped significantly after LeBron James signed with the Philadelphia 76ers, highlighting the impact of free agency on prediction markets.

SpaceX shares rose sharply following a major lockup expiration, defying expectations of a selloff. The company's strong earnings and strategic growth in satellite and AI sectors bolster investor confidence.

OpenAI is developing a premium-priced, AI-driven smart speaker in collaboration with Jony Ive's design studio, aiming to enter the consumer hardware market dominated by Amazon and Google.

Doximity's stock surged 61.17% after a strong quarterly report highlighted early profitability of its AI search product, despite mixed forward guidance and a short squeeze amplifying the rally.

The Dow Jones rose slightly as July's unexpected job losses prompted speculation on the Federal Reserve's interest rate strategy. Investors are closely watching economic indicators and geopolitical developments.

A YouTuber's prank on Tesla's Optimus robot at a Hollywood diner backfires, as the robot mimics the prank, delighting onlookers and sparking viral interest in Tesla's humanoid robot testing.

SpaceX and Tesla, in partnership with Intel and xAI, confirm the site for Terafab, a massive AI chip manufacturing complex in Texas, aiming to address global chip supply constraints.

The US economy unexpectedly lost 23,000 jobs in July, altering market expectations for Federal Reserve interest rate decisions, despite a slight drop in the unemployment rate to 4.1%.

The ASX 200 index closed slightly lower, with financials dragging down gains in energy and technology sectors, despite a record-setting week. Oil prices surged due to Iran's Strait of Hormuz proposal.

Samsung's latest foldable smartphones, the Galaxy Z Fold 8 and Z Flip 8, have shattered pre-order records globally, indicating a shift towards mainstream adoption of foldable devices despite higher prices.

Apple has increased trade-in values for iPhones, iPads, Macs, and Apple Watches, with some devices seeing up to 30% higher estimates. The program now includes more Android models, promoting upgrades.