BUSINESS

U.S. stocks rose sharply as Nvidia's acquisition of Hugging Face and easing bond yields boosted investor confidence. Geopolitical tensions and upcoming labor market reports remain key market influences.

QuickBooks Online users report access issues amid ongoing outages, impacting small businesses reliant on the platform for financial tasks. Intuit is working to resolve the disruptions.

Grok, Elon Musk's AI chatbot, experienced a significant outage, with users reporting access issues. Despite the disruption, xAI has not officially acknowledged the problem, leaving users seeking updates.

Sony is contesting a class action lawsuit over its PlayStation Store's digital game ownership disclosures, arguing consumers understand digital purchases are licenses, not ownership, amid its shift from physical discs.

Xiaomi is set to launch the Xiaomi 18 Fold, a new foldable smartphone, on September 7 in China. The device features a unique 'mid-fold' design, a powerful new chipset, and a Leica camera system.

Chevrolet introduces the 2027 Corvette Grand Sport X, a hybrid all-wheel-drive variant with 721 horsepower, featuring a new V8 engine and electric motor for enhanced performance and dynamic handling.

Southern Cross Gold's shares rose 8.13% following high-grade drilling results at Sunday Creek, revealing significant gold-antimony mineralization and extending known deposits, boosting investor interest.

South Korea's KOSPI index rebounded Thursday, recovering from a sharp decline amid U.S.-Iran tensions, driven by Wall Street gains and easing U.S. bond yields, despite ongoing market volatility.

Mitsubishi unveils the fifth-generation Pajero, reviving its off-road legacy with a body-on-frame design, advanced 4WD systems, and a turbocharged diesel engine, positioning it against rivals like the Toyota Land Cruiser.

Acer introduced Project DualPlay Mini at IFA 2023, a concept device combining gaming handheld and laptop features with a flip-and-swivel design, though its commercial release remains uncertain.

As Tesla and SpaceX grow into a $3 trillion market force, concerns rise over their reliance on Elon Musk, with no clear succession plan in place, posing potential risks for investors.

Amazon's shift to generic email notifications aims to enhance privacy but has sparked backlash from customers who find it inconvenient for managing orders and expenses.

Regis Healthcare shares fell 29% despite reporting record financial results, highlighting ongoing concerns over aged care funding uncertainty affecting Australia's largest aged care operators.

Cairns' moving industry is thriving with over 100 operators. Discover top removalists, pricing insights, and tips for securing reliable services amidst growing competition in Far North Queensland.

Corporate Travel Management's shares fell 82% after resuming ASX trading post a UK accounting scandal. The company faces significant financial write-downs and leadership changes amid ongoing remediation efforts.

Australian shares rose on Thursday, with the ASX 200 index recovering from a three-day slump. Banks and mining stocks led the rebound, supported by Wall Street gains and stabilising global bond markets.

Microsoft Outlook users report ongoing disruptions due to a Microsoft 365 authentication issue, affecting email and other services. The problem, traced to a core configuration, impacts multiple platforms.

Johnson & Johnson's stock reached a record high following FDA approval of its drug Imaavy and a positive sales forecast, despite ongoing legal challenges and market pressures.

Pfizer's stock rises to a 52-week high following a drug pricing deal with the Trump administration, strong earnings, and a legal settlement resolution, marking a significant recovery for the company.

McDonald's stock shows a modest rebound despite ongoing U.S. traffic challenges, with new menu items and leadership changes aimed at reversing domestic sales slowdown.

Scorpio Gold Corporation's shares surged over 129% in volatile trading after debuting on Nasdaq, driven by strong gold market conditions and strategic cross-border listing efforts.

A three-day Microsoft 365 outage affected Outlook, Teams, and other services due to an authentication misconfiguration, causing widespread disruption and user complaints before gradual recovery efforts began.

Elon Musk forecasts AI could add $30 trillion annually to the global economy but warns of an imminent electricity shortage that may hinder AI's growth, urging countries to expand power generation.

EQ Resources shares fell 9.41% amid a market selloff, despite benefiting from a tungsten price surge. The decline reflects broader market pressures rather than company-specific issues.

South Korea's KOSPI index fell nearly 4% as US-Iran tensions and rising oil prices triggered a global bond market selloff, impacting major semiconductor stocks like Samsung and SK Hynix.

Australian shares experienced a sharp decline as U.S. military strikes on Iran led to rising oil prices and a global bond market selloff, impacting investor sentiment across various sectors.

UPS customers reported website and app issues, leading to complaints on social media. Outage-tracking services showed discrepancies in reports, highlighting challenges in monitoring service health.

Kawasaki's 2027 Ninja 500 debuts with a new Lime Green paint scheme, maintaining the same engine and features as the 2026 model. The price remains unchanged, offering a stable value proposition.

Toyota's shares rise as hybrid sales increase, despite tariff challenges and market shifts. The company plans significant hybrid production expansion by 2027, while navigating U.S. and China market dynamics.