Business
Apple signs $30bn deal with Broadcom for US-made chips
Apple has committed to a multi-year, $30 billion agreement with Broadcom to produce advanced wireless components at a facility in Fort Collins, Colorado.
United Airlines must face class-action lawsuit over windowless seats
A federal judge ruled that United Airlines must face class-action claims regarding seats marketed as having windows that are actually adjacent to cabin walls.
id Software slashes workforce by half during Xbox layoffs
Microsoft's restructuring of the Xbox division has resulted in the loss of roughly half the staff at id Software, raising questions about future projects.
USPS stamp prices to rise to 82 cents this Sunday in eighth hike
The United States Postal Service is raising the price of a first-class stamp to 82 cents this weekend as it grapples with ongoing financial challenges.
SK Hynix $28 billion ADR offering heavily oversubscribed ahead of debut
SK Hynix has closed bookbuilding for its ADR offering, which seeks to raise capital to expand high-bandwidth memory production and fund new facilities.
Samsung and SK Hynix shares plunge amid AI demand and pricing concerns
Samsung Electronics and SK Hynix shares fell as investors questioned the sustainability of AI-related infrastructure spending and memory chip demand.
Beijing considering curbing overseas access to China's top AI models
Chinese officials are exploring potential restrictions on international access to advanced AI models to protect proprietary technology and national security. The proposed measures could impact the availability of models such as Alibaba’s Qwen and ByteDance’s Doubao.
Beijing is looking at curbing overseas access to China's top AI models, sources say
Chinese officials are consulting with tech firms like Alibaba and ByteDance regarding potential policies that could classify advanced AI as national assets. These measures may introduce security reviews and export controls on future proprietary models.
AI chip stocks tumble despite Samsung's record profit surge
Samsung shares slumped following record quarterly earnings, sparking a wider sell-off across global AI-related semiconductor and memory chip stocks.
SpaceX shares fall as company makes Nasdaq 100 debut
SpaceX joined the Nasdaq-100 index 15 trading days after its IPO, triggering market volatility and projected portfolio rebalancing by index funds.
SK Hynix U.S. ADS offering oversubscribed multiple times ahead of pricing
South Korean memory giant SK Hynix is poised for a major Nasdaq debut as its share offering draws strong institutional interest despite recent sector volatility.
US trade deficit widens to $77.6 billion as capital goods imports surge
A spike in capital goods imports and a decline in outbound shipments pushed the U.S. trade deficit to its highest level since March 2025. Economists warn the widening gap could act as a significant drag on second-quarter GDP growth.
SpaceX joins Nasdaq-100 index in move triggering 4 billion in fund buying
SpaceX has entered the Nasdaq-100 after 15 trading days, forcing billions in passive fund inflows that analysts say could sharpen share price volatility.
AI stocks resume their drops and drag markets lower worldwide
Global markets experienced a downturn on July 7, 2026, as sharp declines in AI-linked stocks and geopolitical tensions in the Middle East pressured indices. Major U.S. and international exchanges retreated amid investor concerns over tech valuations and rising 10-year Treasury yields.
Samsung reports 19‑fold Q2 profit jump as shares fall 7% on AI doubts
Samsung Electronics announced record-breaking quarterly profits driven by demand for memory chips, but shares dropped as analysts pointed to investor skepticism.
Meta says four states want $1.4 trillion in penalties at August youth-safety trial
Four US states are seeking $1.4 trillion in penalties in an upcoming trial examining allegations that Meta designed its platforms to be addictive to minors. The company has dismissed the proposed sum as legally unprecedented while maintaining that its previous public statements were not misleading.
July 1 financial changes impact superannuation, taxes and minimum wages
Australia has introduced a higher minimum wage, new payday superannuation rules, and tax rate changes as part of the 2026-27 financial year reforms.
Bryan Johnson reveals autoimmune gastritis diagnosis in quest to defy aging
Anti-aging advocate Bryan Johnson has revealed a diagnosis of autoimmune gastritis, marking a new challenge for his data-driven health project, Blueprint.
Equinor to acquire BP’s stake in Bay du Nord offshore oil project
Equinor has acquired BP's remaining interest in the Bay du Nord deep-water oil project, gaining full control as it prepares for a final investment decision in early 2027. The transaction is part of BP's strategy to simplify its portfolio while Equinor continues project development.
Xbox to cut 3,200 jobs in major business restructure
Microsoft is reducing its Xbox workforce by 20% and divesting several studios to address profit margin challenges and simplify organizational complexity.