BUSINESS

The Dow Jones Industrial Average reached new heights amid declining oil prices, strong corporate earnings, and optimism over Strait of Hormuz diplomacy, continuing a record-setting trend on Wall Street.

Uber's Q2 revenue and profit rose due to delivery growth and record trip volumes, but shares fell after Q3 guidance missed expectations. The company continues to expand its platform and autonomous vehicle strategy.

Next PLC has raised its profit forecast for the third time this year, driven by strong sales and favourable weather conditions, reinforcing its status as a key indicator of UK consumer spending.

The FTSE 100 index fell slightly by midday Wednesday, as mixed corporate earnings and geopolitical tensions over the Strait of Hormuz influenced investor sentiment, despite initial optimism in global markets.

SpaceX's first public earnings report reveals strong revenue growth overshadowed by investor concerns over AI spending and chip shortages, as Elon Musk outlines ambitious future plans.

Dubai International Airport remains operational despite ongoing U.S.-Iran tensions, with Emirates and flydubai maintaining flights. Travellers should verify flight status due to potential disruptions and cancellations.

SpaceX's IPO has seen significant volatility, prompting investors to consider more stable alternatives like Amazon and TJX, which offer profitable growth without the complexities of SpaceX's operations.

President Trump warns Iran to reopen the Strait of Hormuz, as oil prices fall on hopes of a shipping deal. Negotiations show progress, but tensions remain high in the volatile region.

Predictive Discovery's shares rose 8.02% after reporting strong gold production in West Africa, reversing recent declines. The company highlighted operational success at its Kiniéro and Nampala mines.

Bellevue Gold Ltd's shares rose 8.08% following record annual production and an upgraded outlook for FY27, reflecting strong operational execution and a favourable gold price environment.

Ramelius Resources' shares rose 8.12% following a $300 million asset sale and strong production results, as the company focuses on core growth projects and simplifies its portfolio.

Genesis Minerals has emerged victorious in a takeover battle for Vault Minerals, marking a significant consolidation in the Australian gold sector, with potential synergies and regulatory hurdles ahead.

Capricorn Metals' shares rose 8.16% following a 33% reserve upgrade, outperforming the Australian gold sector amid rising bullion prices and strong operational execution.

Pinnacle Investment Management reported a 31% increase in net profit and record funds under management, driven by international expansion and strong inflows, despite a sluggish Australian market.

Zip Co Ltd shares rose 8.74% due to strong U.S. growth, a share buyback program, and an upgraded profit outlook, highlighting the company's successful expansion and financial performance.

4DMedical Ltd's shares surged 9.77% as its diagnostic software gains traction in U.S. hospitals, marking a 1,250% increase over 12 months, driven by commercial milestones and regulatory developments.

Neuren Pharmaceuticals' shares rose 17.52% after reporting record sales for DAYBUE, its Rett syndrome treatment, and announcing progress in European market expansion, boosting investor confidence.