BUSINESS

Marvell Technology's shares rose after confirming a partnership with Google to develop AI accelerator chips, marking a significant step in Marvell's custom silicon business for major cloud providers.

Samsung Electronics maintains its division-specific bonus policy despite employee dissatisfaction over disparities, as rising memory costs impact profits. The company outlines strategies to address ongoing challenges.

SpaceX shares face volatility with a 3.11% drop as insider share unlock approaches, amid broader market pressures and macroeconomic challenges affecting high-growth technology stocks.

The Dow Jones rose as Target's strong earnings offset mixed results from Lowe's and TJX. Biotech stocks surged, and investors awaited Federal Reserve meeting minutes amid bond market volatility.

X Money, Elon Musk's financial service, offers a 6% yield on deposits, surpassing traditional banks. Regulatory scrutiny arises over sustainability and insurance coverage, as the service expands to select users.

Moderna's shares surged 90% after a successful Phase 3 trial of its mRNA cancer vaccine for melanoma, developed with Merck, showing significant benefits over existing treatments.

Unitree's stock surged nearly 500% on its debut on China's stock market, highlighting intense investor interest in the burgeoning humanoid robotics sector, despite geopolitical tensions and regulatory challenges.

South Korea's KOSPI index fell 5.80% amid a global semiconductor selloff, rising bond yields, and Middle East tensions, with retail investors seeing a buying opportunity despite institutional selloffs.

The ASX 200 fell 0.27% as gold prices dropped and bond yields surged, overshadowing gains from CSL and BHP. Investors focus on wage data and corporate earnings amid volatile market conditions.

Ticketmaster's new identity verification process aims to prevent bots from buying tickets, but raises privacy concerns among users due to the collection of biometric and personal data.

Pinterest's stock shows signs of recovery, driven by AI innovations and user growth, despite recent setbacks from underwhelming sales guidance and insider selling activities.

Amylyx Pharmaceuticals' shares soared 48% after announcing positive Phase 3 trial results for avexitide, a drug targeting post-bariatric hypoglycemia, marking a significant milestone for the biotech company.

Dreyer's Grand Ice Cream recalls select Outshine Fruit Bars due to potential glass contamination. Affected flavours include Strawberry, Watermelon, Grape, Tangerine, and Black Cherry. Consumers urged to check batch codes and best-before dates.

Google Home and Nest devices faced a global outage, affecting users' ability to control smart home products. The disruption, linked to server-side issues, impacted users across multiple continents.

The Dow Jones fell as rising oil prices and Middle East tensions weighed on markets, despite Home Depot's strong earnings. Retail earnings and Fed minutes are key focuses for investors this week.

South Korea's KOSPI index fell 1.63% due to institutional selling and Middle East tensions, reversing earlier gains. The market remains volatile amid geopolitical uncertainties and trade negotiations.

The ASX 200 rose slightly, driven by strong earnings in healthcare and materials sectors, despite broader market challenges. Key players like BHP and CSL contributed significantly to the index's performance.

The iPhone 18 Pro and Pro Max are expected to feature a 2-nanometer chip, satellite-based 5G, and a redesigned rear finish. Apple may unveil these alongside its first foldable iPhone in September.

Best Buy marks its 60th anniversary with a weeklong sale featuring discounts on electronics, exclusive in-store offers, enhanced loyalty rewards, and a promotional sweepstakes, running through August 23.

Nike's shares fell to a 12-year low, driven by disappointing sales guidance from competitor On Holding and ongoing challenges in the Chinese market, raising concerns about the company's turnaround strategy.

Leaked design sketches suggest Samsung's Galaxy S27 may feature a horizontal camera module, marking a significant design shift. This change could offer practical benefits and a visual refresh for the flagship line.

GigaDevice Semiconductor's shares rose 6.35% due to strong memory chip demand and anticipation of first-half results, reflecting a 250% annual gain. The company benefits from tight supply and rising prices.

BECU members reported digital banking access issues, with Downdetector noting a spike in complaints. The cause remains unclear, highlighting the importance of outage-tracking services for affected users.

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.