BUSINESS

The USDA has recalled nearly 30,000 pounds of Argentine beef due to a missed federal reinspection, posing potential health risks. Consumers are advised to discard or return the affected products.

Hugging Face introduces Microduck, a $399 open-source robot designed for reinforcement learning and physical AI experimentation, aiming to make robotics research accessible to developers, students, and hobbyists.

SK Hynix shares rose following Nvidia's earnings report, which highlighted AI memory chip demand and supply constraints, benefiting SK Hynix and other memory manufacturers in the market.

IBM shares rose 3.9% following the acquisition of HRL Laboratories and plans for a new mainframe processor, signalling progress in quantum computing and enterprise technology.

Nvidia's record quarterly revenue and optimistic sales forecast have eased investor concerns, driving a tech stock rally. The company's AI-driven growth and hyperscaler spending continue to bolster its market position.

Plaud introduces AI-powered earbuds that record, transcribe, and summarize conversations independently of smartphones, featuring global connectivity and integration with popular apps, marking a significant step in AI wearable technology.

Samsung introduces the Galaxy S26 FE, a cost-effective alternative to its flagship series, featuring a new processor, enhanced cameras, and long-term software support, appealing to budget-conscious consumers.

Apple's September 9 event will introduce the iPhone 18 Pro, Pro Max, and its first foldable iPhone, marking a significant moment amid a leadership transition.

CrowdStrike's shares surged 17.69% after reporting a record-breaking quarter with strong earnings and raised guidance, driven by AI-related cybersecurity demand and growth in its Falcon Flex platform.

Salesforce shares surged 19% following a strong earnings report, driven by significant growth in its AI platform, Agentforce. The company raised its full-year revenue guidance, signalling continued momentum.

NEW YORK — U.S. stocks climbed Thursday, with the Nasdaq Composite leading the way, after blockbuster earnings from Nvidia eased investor concerns that the artificial intelligence spending boom might be losing steam.

Kimmeridge Energy warns that political backlash and logistical hurdles could delay U.S. data center projects, affecting natural gas demand forecasts tied to AI growth.

Instinct, an AI assistant startup, has rapidly reached a $2.5 billion valuation, raising $350 million in funding. Despite its success, concerns about privacy and security persist among early users.

Apple's iPhone 17 series led global smartphone sales in Q2 2026, capturing 6% of unit sales despite an 11% market decline, with strong performance across key regions.

Apple's September event will introduce its first foldable iPhone and mark the debut of new CEO John Ternus, signalling a pivotal moment for the tech giant.

Anthropic has committed $45 billion over six years to secure AI computing power from Nscale, marking a significant infrastructure deal as it prepares for a public listing.

Nvidia's acquisition of Hugging Face for $12.9 billion could reshape the AI landscape, securing Nvidia's position in open-source AI and hedging against rivals developing custom chips.

Japan's Nikkei 225 index dipped after an initial rise, influenced by Nvidia's strong AI earnings. Broader Asian markets were mixed, with investors cautious amid fluctuating global economic signals.

South Korea's KOSPI index surged after Nvidia's earnings report boosted investor confidence in AI chip demand, lifting Samsung and SK Hynix shares and reversing recent market volatility.

Ramsay Health Care's shares rose over 14% as investors anticipate its full-year earnings and a European business spinoff, signalling renewed confidence in the company's turnaround strategy.

Nvidia plans to acquire Hugging Face for $12.9 billion, enhancing its AI ecosystem dominance. The acquisition raises questions about platform neutrality and regulatory scrutiny.

The ASX 200 fell due to CBA's forecast of a rate hike and Qantas' profit decline, amid a volatile reporting season and global market pressures.

Kanzhun Limited's shares rose nearly 17% following a strong Q2 earnings report, highlighting AI-driven efficiencies and revenue growth, despite increased marketing expenses impacting short-term profitability.

Abercrombie & Fitch shares surged 41% after a second-quarter earnings report exceeded expectations, driven by a tariff refund and strong core business performance, prompting raised full-year guidance.

Ukrainian President Zelenskyy awards Elon Musk the Order of Freedom for Starlink's crucial role in Ukraine's war efforts, highlighting its strategic importance and ongoing diplomatic negotiations.

The Federal Reserve's preferred inflation measure shows core inflation steady at 3.3% in July, as markets await Chairman Warsh's policy speech at Jackson Hole amid rising Treasury yields.

Microsoft has launched pre-orders for the Xbox Series X25 Limited Edition, celebrating 25 years of Xbox with a nostalgic design and exclusive Halo game. Limited stock available from November 2026.

Ring's new TAKE encryption system enhances privacy for video doorbells and cameras, balancing security with smart features. It will become the default standard globally, offering users greater control.

TikTok users experienced access issues, highlighting ongoing reliability problems linked to its U.S. cloud infrastructure with Oracle. The disruption follows a pattern of outages since the platform's restructuring.