BUSINESS

NVIDIA shares rose nearly 3% as investors anticipate strong AI infrastructure demand and upcoming earnings report. The company remains a leader in AI systems, with robust revenue growth and strategic advancements.

Krystal Biotech's Q2 results show strong revenue growth and profitability, but investor concerns over growth pace and international expansion led to a stock decline. The company remains focused on expanding its gene therapy pipeline.

GameStop's $1.4 billion debt-for-equity exchange raises dilution concerns as it pursues eBay acquisition, highlighting strategic ambitions amid evolving retail dynamics.

Sportradar's shares fell 16% after reporting a Q2 net loss, despite revenue growth and strategic partnerships. The company revised its full-year outlook, reflecting tempered growth expectations.

Nebius Group's shares surged as it announced a $1 billion AI cloud contract and activated Nvidia hardware, reinforcing its position in the AI infrastructure sector with significant revenue growth.

CoreWeave partners with Leidos to deliver secure AI cloud services to U.S. defense and intelligence agencies, aiming to expand its market beyond commercial AI customers into government sectors.

CNH Industrial's shares rose over 15% following strong Q2 results that exceeded expectations, leading to an upgraded full-year earnings outlook. The company highlighted disciplined execution and strategic investments.

Atkore Inc. shares surged after agreeing to a $3.8 billion acquisition by Prysmian S.p.A., alongside reporting strong third-quarter results. The deal enhances Prysmian's North American presence and product offerings.

Kraken Robotics' shares rose over 9% following its largest acquisition, boosting its scale and order momentum. The company updated its financial guidance, reflecting significant growth and integration progress.

Microsoft's shares surged over 5% following strong fiscal results, driven by cloud and AI demand. Azure revenue surpassed $100 billion, boosting investor confidence and marking a significant market impact.

Boeing shares rose 4.36% after BNP Paribas Exane upgraded its rating from Underperform to Outperform, reflecting confidence in Boeing's recovery despite recent financial challenges.

SpaceX shares rise as investors anticipate the company's first public earnings report, focusing on Starlink growth, AI ventures, and government contracts amid stock volatility and high growth expectations.

Samsung's Galaxy Z Fold 8 launches ahead of Apple's first foldable iPhone, sparking debate over design, pricing, and market positioning. Analysts question if Apple can challenge Samsung's foldable dominance.

Chime Financial's stock rose over 4% as it announced a 10% workforce reduction and product expansion, aiming for efficiency and growth ahead of its second-quarter earnings report.

Webtoon Entertainment's stock rose 3.07% as it attempts recovery ahead of its Q2 earnings report. Analysts offer mixed ratings, with potential upside of 36% from current levels.

GameStop announces a $1.4 billion convertible notes exchange to reduce debt, increasing shares and impacting market dynamics. The move aligns with strategic shifts under CEO Ryan Cohen.

U.S. stocks opened higher after Trump cancelled a military strike on Iran, opting for diplomacy. This decision lowered oil prices and boosted market sentiment amid a busy earnings week.

Dunkin' is giving away 1 million free Refreshers to its rewards members on August 3rd. The promo code will be released via the 'dunkin' diehards' Instagram channel, encouraging early participation.

Toyota shares fell 3.37% due to a stronger yen after a joint intervention by Japan and the U.S., affecting the automaker's earnings outlook ahead of its first-quarter report.

OpenAI CEO Sam Altman discusses how lessons from Peter Thiel and Paul Graham shaped his approach to identifying unconventional investment opportunities, leading to OpenAI's success despite initial skepticism.

Warren Buffett's advice to invest in low-cost S&P 500 index funds remains relevant, but today's tech-heavy index presents new risks. Analysts discuss the implications for diversification and long-term returns.

Japan's Nikkei 225 index fell 0.94% after a rare U.S.-Japan currency intervention strengthened the yen, impacting export-dependent manufacturers. The move marks the first coordinated intervention in decades.

LeBron James's signing with the Philadelphia 76ers could generate up to $430 million in regional economic activity, impacting tourism, retail, and more, despite his modest $8 million contract.

Australian motorists face rising fuel costs as federal excise reductions end and Middle East tensions impact oil prices. A new refinery feasibility study aims to address long-term fuel security.

Darryl Cuttell alleges SpaceXAI owes $570 million for data center work, amid IHRA's financial struggles and Rockingham Speedway's uncertain future.

PYC Therapeutics' stock rose 7.06% amid ongoing advancements in RNA-based treatments for rare genetic diseases, supported by a strong financial position and promising clinical trial results.

Iran and Oman are nearing a final agreement on a new maritime route through the Strait of Hormuz, amid ongoing US-Iran tensions affecting global oil markets and regional security.

The US and Japan have jointly intervened to support the yen, marking the first such action since 1998, aiming to stabilise the currency amid economic pressures and signal diplomatic friendship.

Tesla shareholders have approved a $1 trillion pay package for Elon Musk, contingent on achieving ambitious growth targets, including a market cap of $8.5 trillion and significant operational milestones.