BUSINESS

Elon Musk addresses speculation about Tesla's gold Cybercab, clarifying its design inspiration as a nod to New York taxis and manufacturing efficiency, not President Trump's affinity for gold decor.

Nvidia's acquisition of AI platform Hugging Face for $12.93 billion underscores its commitment to open-source AI development, boosting its influence in the industry and driving stock gains.

Lululemon's stock dropped 17.23% after cutting its full-year guidance for the third time, overshadowing a quarterly earnings beat. The company faces challenges in North America and China, with leadership changes imminent.

Over 30,000 global tech jobs have been cut in early 2026, driven by AI restructuring. The US leads with 24,600 layoffs, as companies streamline operations and focus on AI investments.

Labor Day 2026, observed on September 7, affects banking, postal, and financial services closures, while most retail stores remain open. Plan ahead for travel, shopping, and essential services during this federal holiday.

Sony Pictures' 'Spider-Man: Brand New Day' has become the highest-grossing film in ScreenX and 4DX formats, earning over $104 million globally in 33 days, highlighting the growing appeal of premium cinema experiences.

Japan's Nikkei 225 index rose 1.26% as AI investment enthusiasm boosted SoftBank and tech stocks, despite mixed sector performance and ongoing market volatility.

Consumers face a choice between Samsung's available Galaxy Z Fold 8 and Apple's anticipated foldable iPhone, with differences in design, pricing, and ecosystem integration influencing purchasing decisions.

Apple's upcoming foldable iPhone Ultra, priced around $2,550, is set to redefine the premium smartphone market, potentially capturing 40% of the global foldable market by unit volume.

Maas Group Holdings Ltd. reports record financial results, driven by strategic shifts towards AI infrastructure and electrical manufacturing, marking a pivotal transformation from traditional construction materials operations.

Australian shares closed lower as ex-dividend trades and geopolitical tensions overshadowed Wall Street gains and a gold rally. Investors remain cautious amid interest rate concerns and housing market weakness.

A debate over restaurant etiquette questions if servers clear plates too quickly, with experts suggesting communication and silverware placement as solutions to avoid diners feeling rushed.

Victoria's Secret shares fell 15% due to a weak third-quarter profit outlook, despite strong second-quarter earnings and an improved full-year revenue forecast, raising concerns among investors.

Leaked details of Apple's A20 Pro chip suggest a significant graphics performance boost for the iPhone 18 Pro, with a new seven-core GPU and wider memory interface potentially enhancing gaming and AI capabilities.

ChatGPT, Claude, and Grok faced simultaneous outages, affecting thousands of users. The disruptions sparked speculation about potential shared infrastructure issues or upcoming product announcements.

Microsoft's new financial reporting structure will disclose Azure's quarterly revenue, offering transparency and aligning with AI growth. This change is part of a broader reorganisation of its business segments.

Nvidia has announced its acquisition of Hugging Face for $13 billion, aiming to enhance open-source AI development and expand its influence in the AI ecosystem.