BUSINESS

Elon Musk forecasts SpaceX could achieve $1 trillion in revenue by 2030, driven by Starlink and reusable rockets, despite facing technical, regulatory, and competitive challenges.

The ASX 200 index fell by 0.49% amid cautious trading, influenced by mixed global economic data and domestic corporate developments, with miners and financials weighing on the market.

Citizens Bank customers experienced online and mobile banking disruptions due to scheduled maintenance. While core services remained operational, users faced login issues and transaction delays.

GameStop's Q1 results show record profits and strategic shifts under CEO Ryan Cohen, including a rejected eBay acquisition bid. The company focuses on collectibles and store optimization amid retail challenges.

uniQure's stock surged over 75% after the FDA approved a regulatory path for its AMT-130 gene therapy targeting Huntington's disease, marking a significant milestone for the biotech company.

Silver prices rose to $70.51 per ounce, driven by industrial demand and easing geopolitical tensions. The metal's unique role in green technologies and monetary policy influences supports its market resilience.

The Russell 2000 Index rose 0.76% on Wednesday, reflecting strong small-cap performance in 2026. Analysts cite lower borrowing costs and robust earnings growth as key drivers of this trend.

SpaceX shares fell over 2% post-IPO, reflecting typical volatility. The company raised $75 billion, becoming one of the most valuable firms, driven by Starlink and reusable rocket technology.

The Dow Jones Industrial Average rose slightly as the US-Iran ceasefire and reopening of the Strait of Hormuz eased geopolitical tensions, boosting market optimism and supporting economic stability.

Crude oil prices fell sharply due to optimism over Iranian supply returning to markets after a US-Iran ceasefire, impacting bond yields and stabilising energy costs globally.

Meta's CTO acknowledges low employee morale due to layoffs and AI restructuring. The company aims to improve culture and transparency to address workforce dissatisfaction.

Peter Fox, former executive chairman of Linfox, has significantly influenced the company's expansion and succession planning, balancing family legacy with modern logistics demands across the Asia-Pacific region.

Ford Motor Company has introduced daily engine teardown programs to improve quality control and reduce recalls, aiming to catch defects early and enhance customer satisfaction.

Rivian Automotive is laying off hundreds of employees shortly after launching its R2 SUV, aiming to streamline operations and reach profitability amid heavy investments in autonomous technology.

SpaceX's record-breaking IPO has pushed its market value past Amazon, underscoring the rapid growth of commercial space technology and satellite infrastructure.

Sony's PlayStation 6 is anticipated to launch around 2027-2028, featuring significant technological advancements in performance, AI integration, and user experience, potentially reshaping the future of console gaming.

Anthropic's Claude AI chatbot faced a major outage, affecting users globally. The disruption highlights the challenges of maintaining reliable AI services amid growing demand and reliance on AI tools.

Investors are evaluating BHP Group and Commonwealth Bank in 2026, considering sector-specific risks, growth prospects, and valuation metrics amid shifting economic conditions and global developments.

Fox Corp. outbid Netflix in a $22 billion deal to acquire Roku, highlighting the intense competition in the streaming industry and Netflix's ongoing strategic challenges.

The ASX 200 index rose by 0.40% as the US-Iran ceasefire and Strait of Hormuz reopening eased geopolitical tensions, boosting resource and financial sectors in Australia.

Gold prices fell slightly after the US-Iran peace deal eased tensions, but remain high due to central bank purchases and inflation concerns, highlighting gold's role as a long-term value store.

DoorDash experienced a major outage, affecting thousands of users and drivers across the U.S. Technical issues disrupted operations, causing order cancellations and delays during peak hours.

The VIX fell to 15.89 as the US-Iran peace agreement eased geopolitical tensions, boosting market confidence and reducing volatility. Investors focus on corporate earnings amid improved economic conditions.

In 2026, DoorDash solidified its leadership in the delivery industry through technological innovations, sustainability initiatives, and international expansion, enhancing customer satisfaction and diversifying its service offerings.

SpaceX has announced a $60 billion acquisition of AI startup Cursor, enhancing its AI capabilities and positioning it against rivals like Anthropic and OpenAI.

Microsoft's Xbox division is reportedly considering closing Compulsion Games, Double Fine, and Ninja Theory amid restructuring efforts to address declining revenue and operational efficiencies.

A Windows 11 update is causing boot failures and BitLocker issues, affecting business devices from HP and Dell. Users report problems with Secure Boot and EFI partition space.

The Nasdaq Composite rose 0.29% as tech stocks gained strength following a US-Iran ceasefire, easing geopolitical tensions and stabilising energy markets, with AI and digital services leading the charge.

Apple's iPhone 18 Pro will feature a variable aperture camera, marking a significant advancement in mobile photography by improving depth of field and low-light performance.