BUSINESS

GameStop's upcoming earnings report and potential eBay acquisition are pivotal, with investors eyeing strategic shifts amid declining retail sales and growing investment gains.

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.

Snowflake Inc. shares soared 20.60% after surpassing Wall Street's earnings expectations and raising its full-year outlook, driven by strong AI tool adoption and accelerating product revenue growth.

Samsung's One UI 9 update is now available for older Galaxy devices, expanding beta programs and enhancing features like My FanCam and Now Nudge across a wider range of phones.

Tesla's shares surged as the company prepared to unveil the Cybercab, a key milestone in its autonomous vehicle strategy, at an event in Austin, highlighting its robotaxi ambitions.

The Russell 2000 Index rose slightly as investors considered a pullback in Treasury yields and potential Federal Reserve interest rate hikes, highlighting small-cap stocks' sensitivity to borrowing costs.

GameStop's earnings rise due to investment gains in eBay, despite declining retail sales. The company's strategic shift focuses on investment portfolio growth, overshadowing its traditional retail operations.

U.S. stocks rose sharply as Nvidia's acquisition of Hugging Face and easing bond yields boosted investor confidence. Geopolitical tensions and upcoming labor market reports remain key market influences.

QuickBooks Online users report access issues amid ongoing outages, impacting small businesses reliant on the platform for financial tasks. Intuit is working to resolve the disruptions.

Grok, Elon Musk's AI chatbot, experienced a significant outage, with users reporting access issues. Despite the disruption, xAI has not officially acknowledged the problem, leaving users seeking updates.

Sony is contesting a class action lawsuit over its PlayStation Store's digital game ownership disclosures, arguing consumers understand digital purchases are licenses, not ownership, amid its shift from physical discs.

Xiaomi is set to launch the Xiaomi 18 Fold, a new foldable smartphone, on September 7 in China. The device features a unique 'mid-fold' design, a powerful new chipset, and a Leica camera system.

Chevrolet introduces the 2027 Corvette Grand Sport X, a hybrid all-wheel-drive variant with 721 horsepower, featuring a new V8 engine and electric motor for enhanced performance and dynamic handling.