BUSINESS

ChangXin Memory Technologies' shares have surged since its IPO, reflecting China's push for semiconductor self-sufficiency amid geopolitical tensions and AI-driven demand.

Cerebras Systems' stock surged 15.67% amid ongoing volatility, reflecting market uncertainty about its rapid growth and competition with Nvidia in the AI chip sector.

Micron Technology's stock surged over 5% due to increased demand for AI memory chips and positive analyst upgrades, pushing shares above $1,000 and highlighting the company's strong financial performance.

Developers reported access issues with GitHub, though independent monitoring services showed mixed results. Downdetector noted a spike in complaints, but GitHub's status page showed no active incidents.

SK Hynix's shares rise due to AI memory demand and strategic partnerships, despite volatility. The company plans significant investments in manufacturing to meet future demand, with analysts remaining optimistic.

Charles Schwab users experienced access issues during a crucial trading week, with outage-tracking services noting widespread disruptions amid major retail earnings reports. Schwab has yet to confirm the outage.

The Dow Jones Industrial Average fell as investors reacted to weaker-than-expected retail sales and reassessed Federal Reserve policy, highlighting market sensitivity to economic data and geopolitical tensions.

The Nasdaq Composite rose slightly as investors anticipate major retail earnings and Federal Reserve policy signals at the Jackson Hole symposium, amidst mixed economic data and rising oil prices.

The FTSE 100 index rebounded on Monday, driven by weaker U.S. retail sales data that reduced rate hike expectations, with mining stocks leading the recovery amid firming industrial metal prices.

Japan's Nikkei 225 index rose by 0.74% amid speculation of a Bank of Japan interest rate hike, impacting the yen and export-heavy equities. Broader market strength supports the rally.

OpenAI's Computer History feature for macOS tracks user activity to enhance task management, sparking privacy concerns. Available to ChatGPT Pro users, it offers opt-in tracking with privacy safeguards.

L1 Group Ltd's shares rose 6.79% after reporting a 97% profit growth post-merger with Platinum Asset Management, driven by strong investment performance and a one-off gain.

Mesoblast shares surged 8.82% on the ASX after a volatile week, recovering losses from a securities filing that unsettled investors. The company's revenue growth and clinical progress remain key focus areas.

Australian manufacturers are reducing inventory levels to free up cash amid global supply chain disruptions, focusing on improving forecasting, supplier lead times, and inventory visibility for better resilience.

South Korea's KOSPI index surged to a three-week high, driven by semiconductor gains and easing inflation concerns, reflecting a dramatic market rebound amid AI-driven volatility.

Australian shares fell for a fourth session as corporate earnings reports and global tensions impacted markets. Key companies reported mixed results amid resilient consumer demand and cost pressures.

Google's Pixel 11 series introduces advanced AI features, a new processor, and camera enhancements. The lineup, available for preorder, highlights Gemini Intelligence's expanded capabilities and addresses global memory chip cost increases.

Rebel Creamery has filed for Chapter 11 bankruptcy after a $23.8 million judgment for packaging infringement against Van Leeuwen Ice Cream, with ongoing appeals and restructuring efforts underway.

SpaceX set a new record by launching two Falcon 9 rockets within 38 minutes, showcasing its rapid launch capabilities and operational efficiency across multiple sites.

Apple plans to release a second-generation HomePod mini this fall, featuring improved hardware and AI capabilities, as part of a broader smart home strategy including a new smart home hub.

Apple plans to release iPhone 18 Pro models in fall 2026, delaying standard versions until early 2027 due to supply constraints, marking a shift in its traditional launch strategy.

Mediacom customers across 22 states report ongoing service issues, including internet outages and slow speeds. Complaints highlight billing disputes and poor customer support, affecting remote work and daily activities.

Elon Musk forecasts AI will comprise 99% of SpaceX's value within five years, with AI revenue surpassing other segments soon. SpaceX's AI growth highlights both opportunities and execution risks.

The Mahindra BE 6 stands out in India's electric SUV market with its bold design, impressive range, and advanced features, offering a compelling choice for tech-savvy buyers.

Google's Android 17 QPR2 Beta 3 update enhances security against call-forwarding fraud and expands interface customisation for Pixel devices, preparing for the next quarterly Feature Drop.

The G. Arete tanker paid a record $4.6 million to bypass Panama Canal congestion, highlighting how Iran conflict and El Niño conditions are disrupting global shipping routes.

Lamborghini has introduced the Revuelto SV, a limited-edition hybrid supercar with over 1,050 horsepower, marking a new era for the brand's iconic 'SV' line during Monterey Car Week.

Facebook users have reported access issues, including blank screens and video playback problems, but Meta has not confirmed a widespread outage, leaving users to rely on independent trackers.

Elon Musk reverses his stance on Anthropic, acknowledging them as AI leaders. Amazon strengthens its partnership with Anthropic, investing billions and securing long-term cloud commitments.