BUSINESS

Australia's ASX 200 index fell due to U.S. tariff threats and strong jobs data, marking a third weekly decline. Technology and mining sectors were hit, while banks showed resilience.

South Korea's $950 billion AI chip deal with major tech firms, including Samsung and SK Group, raises questions about its true impact and transparency in the global AI supply chain.

Elon Musk predicts that by 2036, money will become largely irrelevant due to AI and robotics, sparking debate amid a significant decline in his net worth and company stock values.

AI is the leading cause of job cuts in 2026, with roles like computer programmers and customer service representatives most affected. The trend highlights AI's growing impact on the labour market.

Walmart recalls 11 products, including bagged salads, due to a cyclospora outbreak affecting multiple states. Consumers are advised to discard affected items and seek refunds or replacements.

Naver's shares dropped nearly 6% after announcing a $10 billion AI investment with Nvidia and Brookfield, highlighting investor concerns over financing and execution risks despite the project's strategic potential.

Nvidia invests $1 billion in Naver to expand an AI data centre in South Korea, part of a $10 billion project with Brookfield, enhancing AI capabilities for Korean and U.S. developers.

The 2027 NBA offseason is set to feature a historic free agent class, headlined by Nikola Jokic and Giannis Antetokounmpo, potentially reshaping the league with record-breaking contracts and strategic team planning.

Tanker traffic in the Strait of Hormuz has nearly stopped due to escalating attacks, causing global oil prices to surge. The ongoing conflict between the U.S., Israel, and Iran threatens global energy stability.

Executive perks at major U.S. companies are surging, with security costs leading the way. This trend highlights growing concerns over executive safety and the broader implications for corporate governance.

YouTube updates its monetization policies, restricting ad revenue for channels producing low-quality AI-generated content, focusing on originality and human creativity to maintain content quality and advertiser trust.

Recent leaks suggest Samsung's Galaxy S27 Ultra will feature a new 'Pro' model, upgraded camera systems, and a powerful Snapdragon 8 Elite Gen 6 Pro chip, with a launch expected in early 2027.

GameStop's ongoing attempt to acquire eBay, despite repeated rejections, highlights a unique corporate takeover saga, with analysts questioning the feasibility of the smaller company's bid.

The global trillion-dollar club is now dominated by AI and semiconductor companies, with the US, Taiwan, South Korea, and Saudi Arabia hosting the world's most valuable public firms.

OpenAI's ChatGPT and related services experienced a global outage, marking the fourth disruption in four days. The incident affected users worldwide, impacting both individual and business applications.

Explore the investment potential of SK Hynix and SpaceX, two major IPOs with distinct business models and risk profiles, as they shape the AI and space infrastructure markets.

Ford is recalling over 500,000 Bronco SUVs due to a wiring harness defect that could lead to engine fires. Owners are urged to schedule inspections and repairs at no cost.

Apple is set to overhaul its Mac lineup over the next two years, introducing new designs and chips to meet rising AI demands, with the first updates arriving this fall.

Apple shares rise after analysts raise price targets, driven by strong performance and anticipation of new product launches, including a foldable iPhone. Investors await upcoming earnings report for further insights.

Intel's shares fell despite a strong earnings report and increased capital spending plans, as investors took profits following a significant rally. The company's AI-driven growth and future outlook remain positive.

The Dow Jones Industrial Average shows a modest recovery after a tech-driven selloff, amid new global tariffs and rising geopolitical tensions affecting investor sentiment.

Thermo Fisher Scientific's shares surged after reporting strong Q2 results, surpassing expectations and raising full-year guidance, indicating a recovery in the life sciences sector.

LeBron James' free agency has triggered a $245 million surge in prediction-market trading after a Miami Heat video was mistakenly published, highlighting the growing influence of sports markets.

DoorDash is currently operating normally despite recent outages. Learn how to check its status using outage-tracking tools and understand common causes of disruptions.

Microsoft has intervened to stop LG monitors from installing software that triggered unwanted McAfee pop-ups on Windows 11, following user complaints and media coverage highlighting the issue.

Taco Bell introduces $1 menu deals to attract customers back after a cyclospora outbreak linked to its lettuce. The company swiftly removed the affected produce and continues to investigate the source.

Australia's ASX 200 fell 0.31% as global tech giants Alphabet and Tesla reported disappointing earnings, impacting markets. Local energy and gold stocks provided some support amid rising oil prices.

SK Hynix's shares continue to climb following its record-breaking Nasdaq debut, driven by increased AI infrastructure spending and strong demand for high-bandwidth memory chips.

Xbox Network faced connectivity issues during a widespread Microsoft outage, affecting sign-ins and online gaming. The disruption was linked to Microsoft's broader service problems, impacting multiple platforms.