BUSINESS

BMW plans to introduce the affordable iX3 40 and iX3 40 xDrive electric SUVs to the U.S. market in March 2027, expanding its lineup to attract budget-conscious buyers.

Elon Musk primarily drives Tesla vehicles, including the Model S, Model X, and Cybertruck, while his broader collection features unique classics like a James Bond submarine car and a McLaren F1.

Apple may raise iPhone 17 prices due to a global chip shortage, with potential increases expected before the iPhone 18 launch. Analysts suggest a US price hike is imminent.

Leaked images reveal Google's upcoming Googlebook laptops from Lenovo and Asus, featuring AI integration and a new Aluminium OS. The devices aim to redefine the Chromebook category with premium designs.

In 2026, smaller IPOs like Lime and CoreWeave have quietly outperformed, offering investors strong returns amidst a market dominated by high-profile offerings such as SpaceX and SK Hynix.

Microsoft has removed its 32GB RAM recommendation for Windows 11 gaming PCs, opting for software optimisation amid rising memory costs and shifting market dynamics.

Samsung's Galaxy Z Fold 8 has launched, offering confirmed specs and availability, while Google's Pixel 11 Pro Fold remains speculative, with leaks suggesting competitive pricing and features.

Restaurant Brands International's earnings exceeded expectations, driven by Burger King's U.S. turnaround, despite challenges at Tim Hortons and Popeyes. The company's diversified portfolio highlights mixed brand performances.

Coinbase shares rose 4.42% amid a broader crypto rally, driven by weak US jobs data that increased expectations for Federal Reserve rate cuts, boosting investor appetite for riskier assets.

A Melbourne father listed a rare Woolworths collectible on eBay, sparking a bidding war that reached $100 million, only to find the winning bid was a joke, leaving him without a sale.

Twenty One Capital's stock rose 6.89% following a turbulent period marked by leadership changes and strategic shifts. The company aims to stabilise by diversifying beyond bitcoin accumulation.

Elon Musk is investing tens of billions in Tesla, SpaceX, xAI, and a new chip venture, while also resuming large-scale political donations, marking 2026 as a year of significant financial commitments.

Yelp's Q2 earnings exceeded expectations, driven by AI-powered products, despite challenges in its core advertising business. The company maintains its growth outlook, focusing on AI innovations.

Atlassian's shares rose over 30% following strong Q4 results, with revenue and AI growth exceeding expectations. The company projected continued cloud revenue growth, boosting investor confidence.

The FDA has approved Moderna's mFLUSIVA, the first mRNA-based vaccine for seasonal flu, for adults 50 and older, marking a significant advancement in mRNA technology.

Nintendo's quarterly profit soared, driven by strong software sales, despite a decline in Switch 2 hardware sales. The company maintains a cautious outlook due to rising memory chip costs.

GameStop's stock remains volatile amid a $1.4 billion debt-for-equity exchange, potential shareholder dilution, and ongoing eBay acquisition efforts, with significant implications for its financial strategy.

The Golden State Warriors' odds for the 2027 NBA championship have dropped significantly after LeBron James signed with the Philadelphia 76ers, highlighting the impact of free agency on prediction markets.

SpaceX shares rose sharply following a major lockup expiration, defying expectations of a selloff. The company's strong earnings and strategic growth in satellite and AI sectors bolster investor confidence.

OpenAI is developing a premium-priced, AI-driven smart speaker in collaboration with Jony Ive's design studio, aiming to enter the consumer hardware market dominated by Amazon and Google.

Doximity's stock surged 61.17% after a strong quarterly report highlighted early profitability of its AI search product, despite mixed forward guidance and a short squeeze amplifying the rally.

The Dow Jones rose slightly as July's unexpected job losses prompted speculation on the Federal Reserve's interest rate strategy. Investors are closely watching economic indicators and geopolitical developments.

A YouTuber's prank on Tesla's Optimus robot at a Hollywood diner backfires, as the robot mimics the prank, delighting onlookers and sparking viral interest in Tesla's humanoid robot testing.

SpaceX and Tesla, in partnership with Intel and xAI, confirm the site for Terafab, a massive AI chip manufacturing complex in Texas, aiming to address global chip supply constraints.

The US economy unexpectedly lost 23,000 jobs in July, altering market expectations for Federal Reserve interest rate decisions, despite a slight drop in the unemployment rate to 4.1%.

The ASX 200 index closed slightly lower, with financials dragging down gains in energy and technology sectors, despite a record-setting week. Oil prices surged due to Iran's Strait of Hormuz proposal.

Samsung's latest foldable smartphones, the Galaxy Z Fold 8 and Z Flip 8, have shattered pre-order records globally, indicating a shift towards mainstream adoption of foldable devices despite higher prices.

Apple has increased trade-in values for iPhones, iPads, Macs, and Apple Watches, with some devices seeing up to 30% higher estimates. The program now includes more Android models, promoting upgrades.

MercadoLibre reported record revenue in Q2, but a third consecutive quarterly decline in net income has raised investor concerns over the company's shrinking profit margins amid heavy investment in expansion.