BUSINESS

Asustek Computer's shares surged nearly 10% after reporting second-quarter earnings that doubled from last year, driven by strong AI server demand and revenue growth, outperforming analyst expectations.

Accelerant Holdings' stock surged 43% after reporting second-quarter earnings and revenue that exceeded expectations, highlighting the company's growth potential and capital-light business model in the specialty insurance sector.

Elon Musk and Mo Gawdat predict that money may become irrelevant within a decade due to AI and robotics, though they differ on whether this shift will be liberating or controlling.

Cleanaway Waste Management Ltd's shares rose sharply after receiving a $9.4 billion takeover offer from EQT Infrastructure, highlighting the company's strong financial performance and strategic appeal.

Australia's ASX 200 index fell for a third day, driven by Commonwealth Bank's share decline despite profit growth, amid broader investor caution during the August reporting season.

Chick-fil-A launches a Chicken & Waffles Sandwich and S'mores beverages nationwide on August 24, celebrating its 80th anniversary with nostalgic flavours and innovative twists.

SpaceX shares rose 6.92% following a successful Starlink launch and strong earnings report, highlighting growth in satellite services and AI investments, despite concerns over capital spending and share unlocks.

Metronet customers across 16 states experienced internet outages, with reports surfacing on Downdetector and StatusGator. The company has yet to officially acknowledge the disruption or provide a resolution timeline.

SK Hynix's ADRs rose 8% amid strong AI demand and record financial results, reflecting optimism in the semiconductor sector and robust AI infrastructure investment.

Elon Musk's recent comments have reignited interest in Tesla's delayed Roadster, hinting at potential flying capabilities. Despite past skepticism, Musk suggests flying cars may soon become a reality.

ERock, Inc. shares surged after reporting a record $1.7 billion backlog and strong revenue growth, driven by AI data center demand. Despite losses, analysts remain bullish on the company's growth potential.

PetLibro users report app connectivity issues for a second day, impacting remote pet care. The company has yet to provide a detailed statement on the outage's cause or resolution timeline.

Ethereum's price rose amid cooling inflation data, technological upgrades, and institutional interest. Despite past underperformance, network activity remains strong, with significant developments expected in 2026.

Bitcoin remains stable above $63,600 as investors assess inflation data's impact on Federal Reserve policy, highlighting ongoing market volatility and institutional interest in cryptocurrency.

GameStop is reconsidering its $56 billion eBay takeover proposal, exploring a partnership instead. This strategic shift follows market reactions and aims to leverage GameStop's retail locations.

Samsung Electronics shares rose 6.68% as South Korea's Kospi index gained, driven by strong semiconductor demand and investor confidence in AI infrastructure. SK Hynix also saw significant gains.

CXMT Corp's shares rose 6.19% as DDR5 yields surpassed 90%, attracting major tech companies amid a global DRAM shortage. The company's strategic expansions and partnerships bolster its market position.

The Dow Jones Industrial Average rose slightly after July's inflation report showed a modest cooling, aligning with expectations. Investors now focus on upcoming Federal Reserve policy decisions amid ongoing market uncertainties.

Unwell, co-founded by Alex Cooper, secures its first external investment from WTSL, valuing the media company at $500 million. The funding aims to accelerate growth and expand its media reach.

Micron Technology introduces binding long-term supply contracts to stabilise memory chip supply amid rising AI demand, warning customers of potential allocation issues if they opt out.

Japan's Nikkei 225 index reached a record high, driven by a weakening yen and a rally in AI and semiconductor stocks, despite subdued trading ahead of U.S. inflation data.

7 Brew introduces a new app offering order-ahead, menu customisation, and loyalty rewards, mirroring Starbucks' successful digital strategy to enhance customer engagement and streamline service.

South Korea's Kospi index surged over 4.5% due to strong semiconductor stock performance, driven by a significant increase in chip exports. The rally triggered a temporary trading halt, highlighting investor confidence.

The ASX 200 fell 0.68% as tech stocks declined and investors focused on corporate earnings, including Commonwealth Bank's results. Rising oil prices partially offset losses in the communication services sector.

McDonald's iconic menu items, including fries, Big Mac, and Chicken McNuggets, have remained top sellers for decades, showcasing the brand's enduring appeal and strategic menu consistency.

Australian badminton clubs face rising costs due to a global shortage of goose and duck feathers, driven by avian influenza. Clubs are exploring synthetic alternatives as traditional shuttlecock prices soar.

Bitcoin traded lower, hovering near $63,482, as investors reacted to inflation concerns and rising oil prices. The cryptocurrency market showed cautious trading, with key support levels closely monitored.

Sony reveals a limited-edition Wolverine-themed PS5 bundle, featuring a unique design and accessories, launching alongside Insomniac Games' new title. Pre-orders open August 19, with global availability from September 15.

SK Hynix's ADRs rose as the company advanced its DRAM technology amid strong AI demand. The stock rebounded after a selloff, driven by leveraged ETF liquidations, and remains a key player in the memory chip market.