BUSINESS

PYC Therapeutics' stock rose 7.06% amid ongoing advancements in RNA-based treatments for rare genetic diseases, supported by a strong financial position and promising clinical trial results.

Iran and Oman are nearing a final agreement on a new maritime route through the Strait of Hormuz, amid ongoing US-Iran tensions affecting global oil markets and regional security.

The US and Japan have jointly intervened to support the yen, marking the first such action since 1998, aiming to stabilise the currency amid economic pressures and signal diplomatic friendship.

Tesla shareholders have approved a $1 trillion pay package for Elon Musk, contingent on achieving ambitious growth targets, including a market cap of $8.5 trillion and significant operational milestones.

MediaTek shares surged 9.99% following strong earnings and AI ambitions, bolstered by strategic partnerships and a broader Asian tech rally. The company aims to expand its AI market share significantly.

Domino's Pizza Enterprises' stock rose 6.41% amid ongoing volatility, driven by short-seller activity and strategic changes following its first annual loss in fiscal 2025.

South Korea's KOSPI index fell 5.36% after a historic surge, driven by profit-taking and short-covering. Market volatility continues amid global AI and semiconductor demand shifts.

4DMedical's stock has surged 1,250% over the past year, driven by strategic acquisitions, new contracts, and expanding market presence, despite ongoing volatility and valuation concerns.

Australia's ASX 200 fell 0.11% as iron ore prices hit a yearly low, impacting mining stocks. Despite Wall Street's tech-driven gains, concerns over Chinese demand and economic data persist.

Apple is expected to announce the iPhone 18 Pro and possibly its first foldable iPhone on Sept. 9, following its historical scheduling patterns for fall keynotes.

SpaceX has become the most shorted large public company in the US, with investors betting $26 billion against it following a significant stock value decline despite successful operations.

Ken Griffin transformed Citadel from a Harvard dorm project into a leading Wall Street firm, managing billions and influencing markets. Discover key milestones and Griffin's impact on finance and philanthropy.

Indian Creek Island, known as the 'Billionaire Bunker,' is a secluded enclave in Biscayne Bay attracting ultra-wealthy residents like Jeff Bezos and Mark Zuckerberg with its privacy and exclusivity.

A major security flaw in Coldcard wallets led to a $75 million Bitcoin theft, yet the cryptocurrency's market price remained stable, reflecting continued investor confidence.

New York City plans to open city-owned grocery stores offering a 30% discount on essential foods, sparking debate over its impact on local grocers and food affordability.

Jordan Brand reintroduces the Air Jordan 17 in a new Black Patent colourway, highlighting a shift towards reissuing less common models. The release is part of a broader retro trend.

Elon Musk humorously refers to himself as a 'former trillionaire' after a significant drop in his net worth, highlighting the volatility of billionaire wealth tied to tech company valuations.

Capital One defends its decision to close Trump Organization accounts, citing anti-money laundering concerns. The bank seeks dismissal of a lawsuit alleging political bias, highlighting compliance-driven motives.

Samsung's Galaxy Z Fold 8 introduces ten innovative AI features, enhancing user experience with tools like My FanCam, Call Brief, and Gemini Intelligence, while prioritising on-device privacy and extended software support.

Unitree's AS2-W robot, with its autonomous navigation and lifelike movements, has gone viral, sparking mixed reactions. Its potential for cargo transport and search-and-rescue highlights significant advancements in robotics.

Amazon is offering a $350 gift card for pre-orders of Samsung's Galaxy Z Fold 8, adding to competitive promotions for the foldable smartphone's launch.

Vizio smart TV users faced widespread issues with SmartCast functionality, as Downdetector reported a surge in complaints. Vizio has yet to confirm the outage or provide a resolution timeline.

Tesla is reportedly exploring options to separate its China operations amid potential merger talks with SpaceX, despite Elon Musk's denial. Regulatory concerns and geopolitical tensions are key factors.

The U.S. Department of Veterans Affairs is conducting a clinical trial to test if semaglutide, a diabetes medication, can help veterans with alcohol addiction by affecting the brain's reward system.

South Korea's KOSPI index has experienced extreme volatility due to concentrated chip stocks, earnings reactions, Chinese competition, AI spending doubts, leveraged trading, and shifting foreign investor flows.

SpaceX shares near all-time low amid insider selling concerns and ambitious growth plans. Analysts remain divided on valuation, with significant uncertainty surrounding the company's financial trajectory.

President Trump held a Cabinet meeting at Camp David to address the escalating conflict with Iran, which continues to impact global oil markets and regional stability.

Meta's shares rebounded after a drop due to AI investment costs, despite strong ad revenue growth. The company's financials show increased expenses and reduced free cash flow, impacting investor sentiment.

Amazon's shares jumped 15% after reporting strong Q2 results, driven by AWS growth and AI investments. The cloud division's revenue surged 37%, easing investor concerns over AI spending.