BUSINESS

Nike shares recover after a dramatic selloff, driven by a mixed earnings report and strategic shifts. Despite challenges, the company shows signs of improvement in key areas like running footwear.

Bitcoin's 2026 market dynamics are shaped by institutional flows, regulatory changes, and macroeconomic factors, with renewed interest following recent price volatility and evolving adoption trends.

SpaceX shares stabilised after a volatile session, with focus shifting to its imminent Nasdaq-100 inclusion, following Elon Musk's denial of AI device development rumours.

Intel's stock has surged in 2026 due to AI initiatives and manufacturing advancements, despite recent pullbacks. New leadership has driven operational improvements, positioning Intel as a key AI player.

GameStop shares rise as CEO Ryan Cohen withdraws a controversial pay package and signals strategic intent in pursuing eBay acquisition, despite eBay's board rejection.

Aris Mining Corporation's shares rose over 10% due to climbing gold prices and impressive quarterly results, marking a 537% increase since its NYSE listing in September 2023.

National Beverage Corp. shares rose over 11% after announcing a $3.25 special dividend, despite modest revenue pressure. The company reported fiscal 2026 net sales of $1.18 billion, maintaining strong margins.

Rivian's shares rose over 14% following the launch of its R2 SUV and a strong Q2 delivery report, signalling a potential turnaround in the electric vehicle market.

RingCentral, a cloud-based communications platform, faced service disruptions affecting users in Canada and the Americas, with issues in calling and messaging reported by third-party monitoring services.

Moderna's stock surged over 10% as investors responded positively to its expanding mRNA pipeline, despite ongoing challenges in the post-COVID landscape and mixed analyst opinions on long-term growth.

The Dow Jones reached a record high as a weak June jobs report eased fears of interest rate hikes, boosting investor confidence and leading to gains across major indices.

Australia's recycled metal industry is becoming a key player in global manufacturing, supplying sustainable materials to Asia and India. Manhari Recycling leads this transformation, turning scrap into valuable exports.

Qualcomm shares fell after SpaceX rumours were denied, despite strategic announcements at its Investor Day. The stock's volatility reflects broader market trends and investor reactions.

Merck & Co. shares fell over 2% due to market shifts and sector volatility. Despite challenges, Merck's oncology and vaccine sales provide stability, while strategic acquisitions bolster its pipeline.

Commonwealth Bank of Australia shares rose slightly, reflecting investor confidence in its resilience amid economic challenges, strong capital position, and diversified business model, despite inflation and interest rate pressures.

Australia's ASX 200 index remained nearly unchanged amid RBA's hawkish signals, global market fluctuations, and domestic economic challenges, as investors await key trade data and U.S. economic reports.

Sony will stop producing physical game discs for PlayStation consoles from January 2028, transitioning to digital-only formats. This decision has sparked backlash from players and game preservation advocates.

Intel's stock experienced a 7% decline after a dramatic recovery, driven by AI and restructuring efforts. Analysts view this as a healthy correction, with future growth hinging on upcoming earnings.

NICE Ltd. shares rose nearly 5% amid a broader software rally, despite ongoing concerns about AI disruption in the contact center market. The company is positioning itself as a leader in AI integration.

monday.com shares rose over 7% due to strong AI integration and enterprise adoption, highlighting its growth in the collaborative work management market.

Strategy Inc. revises its capital strategy, selling bitcoin for the first time since 2022, authorizing a $1 billion repurchase, and addressing pressures on its preferred stock financing model.

Palantir Technologies' shares surged over 7% due to AI sector momentum, strategic alliances, and political ties, reversing a previous decline. The company's AI partnerships and growth prospects are key drivers.

Elon Musk's recent visit to Tesla's Fremont factory showcased progress on the Optimus humanoid robot, emphasising its potential to transform manufacturing and service industries through advanced AI and robotics.

Figma's stock rose over 8% as investors showed confidence in its AI integrations and enterprise growth, highlighting its role in digital design transformation and collaborative workflows.

Meta Platforms plans to sell its AI computing capacity, entering the cloud market and competing with AWS, Azure, and Google Cloud. This strategic shift aims to monetize its data center investments.

The Nasdaq Composite Index fell 0.77% as investors took profits in tech stocks amid mixed corporate earnings and economic data, highlighting the index's sensitivity to sector dynamics.

The Dow Jones Industrial Average pulled back Wednesday, retreating modestly from its most recent record close as investors locked in profits on semiconductor and AI-related names that had powered one of the strongest first-half performances for U.S. equities in years.

Dubai International Airport has resumed normal operations after a four-month disruption due to regional conflicts, with major airlines reinstating flights and security protocols stabilised.

Australia's fuel crisis, triggered by U.S.-Iran tensions, stabilises after government interventions. The crisis exposed vulnerabilities in Australia's fuel supply chain, prompting calls for increased domestic refining capacity.