BUSINESS

Cerebras Systems' stock surged 15.67% amid ongoing volatility, reflecting market uncertainty about its rapid growth and competition with Nvidia in the AI chip sector.

Micron Technology's stock surged over 5% due to increased demand for AI memory chips and positive analyst upgrades, pushing shares above $1,000 and highlighting the company's strong financial performance.

Developers reported access issues with GitHub, though independent monitoring services showed mixed results. Downdetector noted a spike in complaints, but GitHub's status page showed no active incidents.

SK Hynix's shares rise due to AI memory demand and strategic partnerships, despite volatility. The company plans significant investments in manufacturing to meet future demand, with analysts remaining optimistic.

Charles Schwab users experienced access issues during a crucial trading week, with outage-tracking services noting widespread disruptions amid major retail earnings reports. Schwab has yet to confirm the outage.

The Dow Jones Industrial Average fell as investors reacted to weaker-than-expected retail sales and reassessed Federal Reserve policy, highlighting market sensitivity to economic data and geopolitical tensions.

The Nasdaq Composite rose slightly as investors anticipate major retail earnings and Federal Reserve policy signals at the Jackson Hole symposium, amidst mixed economic data and rising oil prices.

The FTSE 100 index rebounded on Monday, driven by weaker U.S. retail sales data that reduced rate hike expectations, with mining stocks leading the recovery amid firming industrial metal prices.

Japan's Nikkei 225 index rose by 0.74% amid speculation of a Bank of Japan interest rate hike, impacting the yen and export-heavy equities. Broader market strength supports the rally.

OpenAI's Computer History feature for macOS tracks user activity to enhance task management, sparking privacy concerns. Available to ChatGPT Pro users, it offers opt-in tracking with privacy safeguards.

L1 Group Ltd's shares rose 6.79% after reporting a 97% profit growth post-merger with Platinum Asset Management, driven by strong investment performance and a one-off gain.

Mesoblast shares surged 8.82% on the ASX after a volatile week, recovering losses from a securities filing that unsettled investors. The company's revenue growth and clinical progress remain key focus areas.

Australian manufacturers are reducing inventory levels to free up cash amid global supply chain disruptions, focusing on improving forecasting, supplier lead times, and inventory visibility for better resilience.

South Korea's KOSPI index surged to a three-week high, driven by semiconductor gains and easing inflation concerns, reflecting a dramatic market rebound amid AI-driven volatility.

Australian shares fell for a fourth session as corporate earnings reports and global tensions impacted markets. Key companies reported mixed results amid resilient consumer demand and cost pressures.

Google's Pixel 11 series introduces advanced AI features, a new processor, and camera enhancements. The lineup, available for preorder, highlights Gemini Intelligence's expanded capabilities and addresses global memory chip cost increases.

Rebel Creamery has filed for Chapter 11 bankruptcy after a $23.8 million judgment for packaging infringement against Van Leeuwen Ice Cream, with ongoing appeals and restructuring efforts underway.