BUSINESS

Intel's stock dipped after Trump criticised a government support deal, amid competitive pressures and market volatility. Despite challenges, Intel's growth prospects in AI and foundry business remain strong.

Sony is returning to console exclusivity for its first-party single-player games, ending its recent strategy of broader PC releases, to strengthen its PlayStation brand and drive hardware sales.

Brady Corporation's shares surged nearly 19% after reporting record earnings, exceeding Wall Street expectations, and announcing a major acquisition of Honeywell's Productivity Solutions and Services business.

Commonwealth Bank shares rose 1.33% after a record drop, as investors reassess market conditions amid rising arrears and budget changes affecting the housing market.

Kuwait International Airport is recovering from drone attacks, with limited operations resuming. Terminals 4 and 5 are open, but Terminal 1 remains largely offline as repairs continue.

The ASX 200 index rose 1.17% on Tuesday, driven by easing geopolitical tensions and strong domestic demand, reversing recent losses. Financials led gains, while consumer confidence showed resilience.

LiveRamp Holdings Inc. is being acquired by Publicis Groupe for $2.5 billion, enhancing data and AI capabilities. The deal offers a 30% premium and aligns with evolving advertising trends.

GameStop's shares rose amid speculation over CEO Ryan Cohen's strategy and a $56 billion bid for eBay, highlighting the company's transformation efforts and market volatility.

The Dow Jones Industrial Average hit a record high, driven by strong corporate earnings, AI optimism, and expectations of Federal Reserve rate cuts, despite geopolitical uncertainties.

NextEra Energy's acquisition of Dominion Energy for $67 billion forms the largest regulated electric utility, enhancing capabilities to meet growing electricity demand from AI and data centers.

Apple's MacBook Neo has exceeded sales forecasts, prompting increased production. Its affordability and performance have attracted new customers, challenging competitors and reshaping the entry-level laptop market.

The FTSE 100 opened lower due to geopolitical tensions, inflation concerns, and UK political uncertainty, reflecting cautious sentiment across European markets amid ongoing global uncertainties.

Elon Musk's X has surpassed 1 billion downloads, evolving into a multifaceted platform with features like payments, video streaming, and AI, despite challenges and controversies.

Oil prices have surged past $110 per barrel due to escalating tensions in the Strait of Hormuz, impacting global markets and economies. Analysts warn of potential further increases amid geopolitical risks.

Commonwealth Bank of Australia shares hit a new high, driven by stable interest rates and strong economic conditions, reinforcing its position as a leading Australian bank.

The ASX 200 index fell 1.44% on Monday, losing over A$30 billion in market value due to global economic uncertainty, rising bond yields, and concerns over slowing growth in major economies.

Taylor Swift's net worth reaches $2 billion, overshadowing Travis Kelce's $90 million. Their relationship highlights the wealth gap and sparks discussions on celebrity financial dynamics.

Figma's stock rose 13% as AI features and enterprise adoption boost investor confidence, positioning it as a strong contender in the creative tools sector.

General Motors will stop producing its largest Silverado models by 2026 due to declining demand, focusing instead on electric vehicles and more efficient trucks.

Bahrain International Airport resumes operations as airspace restrictions lift. Gulf Air and other carriers gradually restore flights, boosting the economy and connectivity. Passengers advised to check flight schedules.

Samsung's Galaxy S26 Ultra sets new standards in 2026 with advanced AI, superior camera technology, and premium build quality, making it a top choice for power users and tech enthusiasts.

SpaceX's Dragon spacecraft docked with the ISS, delivering over 6,000 pounds of supplies and experiments, highlighting the success of NASA's commercial partnerships.

Palantir Technologies' shares rose, pushing its market cap over $300 billion, driven by AI contracts with government and commercial clients, solidifying its position in the AI sector.

Navitas Semiconductor's stock fell sharply due to concerns over AI demand and market rotation, erasing $250 million in value. Despite strong fundamentals, investor caution persists amid AI infrastructure uncertainties.

GameStop Chairman Ryan Cohen's $56 billion bid for eBay has been rejected, sparking a potential corporate battle as Cohen challenges the board's decision and questions eBay's strategic direction.

Apple is set to launch its first foldable iPhone in 2027, featuring advanced hinge technology and a premium design, potentially reshaping the foldable smartphone market.

NVIDIA shares fell over 4% amid concerns about AI spending slowdowns and high valuations, wiping out $250 billion in market value. Analysts see this as a market reassessment rather than a fundamental shift.

Dubai International Airport has resumed full operations, handling over 220,000 passengers daily as summer travel demand surges. This marks a significant recovery milestone for Dubai's aviation sector and economy.

Pearl Abyss releases a major update for Crimson Desert, adding the Blinding Flash finisher for unarmed combat, enhancing gameplay with cinematic moves and new content, delighting players and streamers alike.