BUSINESS

SpaceX's Q2 earnings reveal a $541 million loss on $7.8 billion revenue, driven by Starlink and AI growth. Despite exceeding expectations, stock falls due to upcoming insider selling.

Australian shares reached a new all-time high, driven by global market optimism and easing tensions in the Middle East. The ASX 200 index climbed past previous records, buoyed by strong domestic data.

Wayfair's shares soared 30% following a strong Q2 earnings report, surpassing Wall Street expectations and triggering a short squeeze as investors reassess the company's growth potential.

Palantir Technologies' shares surged 27% following impressive Q2 results, with revenue and profit exceeding expectations. The company raised its full-year guidance, highlighting strong growth in both commercial and government sectors.

The S&P 500 reached a new record high, driven by falling oil prices, easing Middle East tensions, and strong corporate earnings, marking a significant rebound from summer volatility.

President Trump criticises ExxonMobil and Chevron for high profits amid the Iran conflict, urging them to lower consumer prices. Oil prices have surged, impacting American drivers significantly.

Caterpillar's shares surged after reporting record Q2 sales, driven by AI data center demand. The company raised its full-year outlook, showcasing its pivotal role in the AI infrastructure boom.

SK Hynix's stock rose 3.88% following bullish analyst coverage, highlighting its leading position in AI memory. Despite geopolitical volatility, analysts forecast robust demand for high-bandwidth memory.

Financial disclosures reveal Trump's investment accounts made significant purchases in Alphabet and Meta, managed by third-party advisors, highlighting a focus on AI growth potential.

Nvidia's stock has seen modest gains in 2026, trailing the S&P 500. Analysts debate AI demand sustainability and China's regulatory impact, while maintaining a positive outlook on Nvidia's growth.

Micron Technology's shares rose over 6% due to strong AI-related demand, strategic growth, and positive market sentiment, despite recent volatility and competitive pressures from Chinese manufacturers.

Intel shares rose over 7% amid a semiconductor sector rally, driven by market optimism and anticipation of AMD's earnings. Analysts remain divided on Intel's valuation and future prospects.

AMD shares rose over 5% as investors anticipate its Q2 2026 earnings, crucial for AI chip sector confidence amid recent volatility. Analysts focus on AI accelerator business and Helios system shipments.

SpaceX shares rose nearly 6% as investors await the company's first earnings report as a public entity, amidst concerns over insider share sales and ongoing financial losses.

U.S. stocks hit record highs as strong corporate earnings and easing Middle East tensions boost investor confidence. Key players like Caterpillar and Palantir lead the rally, while oil prices decline.

Google has released a teaser for the Pixel 11 Pro Fold, offering a limited look at its design ahead of the August 12 launch, amid rising cost concerns.

Google is set to allow pre-orders for the Pixel 11 series hours before its official launch, with countdowns appearing on major retail sites. This marks a significant shift in launch strategy.

Microsoft's Disc-to-Digital program for Xbox may launch soon, allowing players to convert physical discs into digital licenses, as the gaming industry shifts towards digital media.

Elon Musk addresses investors as SpaceX's stock drops nearly 50% since its IPO. The company's financials, Starlink growth, and upcoming lock-up expiration are key focus areas for stakeholders.

The Powerball jackpot has reached $748 million, prompting financial advisors to offer crucial advice for potential winners on securing their ticket, choosing payout options, and managing sudden wealth.

Megaport Ltd's shares rose 6.58% amid a tech rally, driven by AI infrastructure expansion and major contract wins, positioning the company as a key player in cloud connectivity.

Australian shares surged with the S&P/ASX 200 nearing its record high, driven by Wall Street gains and falling oil prices amid easing US-Iran tensions.

Baidu's shares rose nearly 4% as investors focused on its AI-driven growth, dual-listing plans, and upcoming earnings. The company's AI business now accounts for over half of its revenue.

Alibaba Group Holding Ltd. shares rose more than 5% in U.S. trading Monday after the Chinese technology company unveiled its latest and most capable artificial intelligence model, reinforcing its position in the intensifying domestic and global AI competition.

Oracle's shares rose nearly 6% amid a tech rally, driven by AI and cloud growth. The company reported record revenues and expanded its partnership with Google Cloud, boosting investor confidence.

In 2026, global real estate leaders like CBRE and China Resources Land dominate with strategic growth in logistics, data centers, and residential markets, leveraging scale and technology for competitive advantage.

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.