BUSINESS

Arm Holdings' shares rose significantly due to strong AI and data center growth, with the company unveiling its first in-house AI chip and reporting robust financial results.

T1 Energy's shares rose 25.94% after a hedge fund disclosed a large investment. The company's strong Q1 results and ongoing projects further boosted investor confidence.

Immunovant's shares rose significantly after reporting positive trial data for IMVT-1402 in rheumatoid arthritis, despite a wider net loss. The promising results highlight potential for deeper IgG reduction.

GameStop shares rose amid volatility, driven by CEO Ryan Cohen's strategic initiatives and potential acquisitions. Analysts remain divided on the company's long-term prospects in a shifting gaming market.

Disney confirms Hulu will continue as a standalone service, despite deeper integration with Disney+. Profile syncing and a unified streaming experience are set to enhance user convenience.

Intuit plans to lay off 17% of its workforce, focusing on AI initiatives. The cuts affect roles globally, with severance packages offered. The move aligns with CEO Goodarzi's strategic vision.

The Dow Jones Industrial Average closed slightly lower on May 20, 2026, as investors assessed corporate earnings, economic data, and geopolitical developments, with mixed performances across sectors.

Tesla owners in Shanghai celebrated a group wedding on May 20, 2026, showcasing the brand's cultural integration and appeal among young, affluent Chinese consumers.

President Trump signed an executive order to scrutinise banking activities involving non-citizens, targeting payroll tax evasion and shell companies, while avoiding mandatory citizenship checks.

Apple plans to launch its first foldable iPhone, possibly named iPhone Ultra, in 2026. The device will feature a book-style design, advanced display technology, and a premium build.

In 2026, several FTSE 100 companies, including AstraZeneca and Rolls-Royce, are leveraging AI for growth, despite the index's limited direct AI representation. These firms illustrate AI's indirect impact on diverse sectors.

Tesla shares fell 1.43% as the company raised Model Y prices amid competitive pressures. Despite challenges, Tesla focuses on AI, robotaxis, and energy storage, with a market cap over $1.2 trillion.

The S&P/ASX 200 index fell 1.26% to a 20-day low, driven by declines in mining and financial sectors amid global and domestic pressures.

Dunkin' Donuts is offering free coffee to the first 1 million customers at participating U.S. locations on May 19, 2026, celebrating customer loyalty and boosting brand engagement.

After 56 years, the Red Lobster in Tallahassee will close on May 24 due to rising costs and changing consumer habits, marking the end of a local dining era.

Sony is set to refresh its Xperia lineup with the Xperia 1 VIII and Xperia 10 VIII in 2026, featuring advanced camera systems, improved displays, and enhanced battery life.

GameStop's $56 billion bid for eBay reflects Ryan Cohen's transformative strategy, sparking market speculation and retail investor enthusiasm despite eBay's rejection and ongoing challenges in the video game sector.