BUSINESS

Rivian Automotive is laying off hundreds of employees shortly after launching its R2 SUV, aiming to streamline operations and reach profitability amid heavy investments in autonomous technology.

SpaceX's record-breaking IPO has pushed its market value past Amazon, underscoring the rapid growth of commercial space technology and satellite infrastructure.

Sony's PlayStation 6 is anticipated to launch around 2027-2028, featuring significant technological advancements in performance, AI integration, and user experience, potentially reshaping the future of console gaming.

Anthropic's Claude AI chatbot faced a major outage, affecting users globally. The disruption highlights the challenges of maintaining reliable AI services amid growing demand and reliance on AI tools.

Investors are evaluating BHP Group and Commonwealth Bank in 2026, considering sector-specific risks, growth prospects, and valuation metrics amid shifting economic conditions and global developments.

Fox Corp. outbid Netflix in a $22 billion deal to acquire Roku, highlighting the intense competition in the streaming industry and Netflix's ongoing strategic challenges.

The ASX 200 index rose by 0.40% as the US-Iran ceasefire and Strait of Hormuz reopening eased geopolitical tensions, boosting resource and financial sectors in Australia.

Gold prices fell slightly after the US-Iran peace deal eased tensions, but remain high due to central bank purchases and inflation concerns, highlighting gold's role as a long-term value store.

DoorDash experienced a major outage, affecting thousands of users and drivers across the U.S. Technical issues disrupted operations, causing order cancellations and delays during peak hours.

The VIX fell to 15.89 as the US-Iran peace agreement eased geopolitical tensions, boosting market confidence and reducing volatility. Investors focus on corporate earnings amid improved economic conditions.

In 2026, DoorDash solidified its leadership in the delivery industry through technological innovations, sustainability initiatives, and international expansion, enhancing customer satisfaction and diversifying its service offerings.

SpaceX has announced a $60 billion acquisition of AI startup Cursor, enhancing its AI capabilities and positioning it against rivals like Anthropic and OpenAI.

Microsoft's Xbox division is reportedly considering closing Compulsion Games, Double Fine, and Ninja Theory amid restructuring efforts to address declining revenue and operational efficiencies.

A Windows 11 update is causing boot failures and BitLocker issues, affecting business devices from HP and Dell. Users report problems with Secure Boot and EFI partition space.

The Nasdaq Composite rose 0.29% as tech stocks gained strength following a US-Iran ceasefire, easing geopolitical tensions and stabilising energy markets, with AI and digital services leading the charge.

Apple's iPhone 18 Pro will feature a variable aperture camera, marking a significant advancement in mobile photography by improving depth of field and low-light performance.

The Dow Jones reached a record high as the US-Iran peace agreement eased geopolitical tensions, boosting investor confidence and supporting economic optimism.

SpaceX's IPO has propelled it past Amazon and Microsoft in market value, positioning it as the fifth most valuable public company. The company's growth is driven by its reusable rockets and Starlink service.

Intel partners with NVIDIA to develop Serpent Lake SoCs, integrating RTX graphics for enhanced AI and computing performance, targeting a 2028 release to reshape the AI PC market.

Apple is unifying email domains for its privacy features, Sign in with Apple and Hide My Email, under private.icloud.com, simplifying privacy protections and maintaining seamless functionality for users.

The Commodore Callback 8020 flip phone combines retro charm with modern features, offering a unique alternative to traditional smartphones with its foldable design, physical keyboard, and 5G connectivity.

The Reserve Bank of Australia has kept its cash rate at 4.35%, citing persistent inflation and global uncertainties, while assessing previous rate hikes' effects and monitoring Middle East developments.

SpaceX shares soared 11% in premarket trading following its record-breaking IPO, driven by strong investor demand and ambitious growth plans in space exploration and AI.

Sunrise Energy Metals' shares rose 14.14% as investor interest in its Syerston scandium project grows, driven by strategic partnerships and demand for critical minerals in aerospace and clean energy sectors.

Apple's iPhone 18 Pro Max is expected to launch in September 2027, featuring AI advancements, improved durability, and enhanced camera systems, maintaining its position as a premium smartphone leader.

Westpac shares rose 0.91% as investor confidence in Australian banks remains strong, supported by stable economic conditions and strategic initiatives like digital transformation and prudent lending practices.

The ASX 200 index closed slightly lower as investors took profits amid mixed global signals, reflecting cautious sentiment despite recent gains and positive geopolitical developments.

Fox Corporation is set to acquire Roku for $22 billion, aiming to strengthen its position in the streaming industry by combining content and distribution capabilities.

Bitcoin surged over $2,400 to $66,363 following the US-Iran peace agreement, easing geopolitical tensions and boosting investor confidence in risk assets, including cryptocurrencies.