Business
Costco Beats Q4 Estimates, But Tariff Refund and Membership Slowdown Leave Shares Flat
Costco exceeded Wall Street's fourth-quarter revenue and profit expectations, driven by strong demand for essentials and discount gas. However, shares remained flat as investors noted a one-time tariff refund and decelerating membership fee growth.
Costco Beats Q4 Estimates, But Tariff Refund and Membership Slowdown Leave Shares Flat
Costco Wholesale posted fiscal fourth-quarter revenue above Wall Street expectations, but a non-recurring tariff refund and decelerating membership growth left shares flat.
US bond yields hit 19-year high as yen slides to 158 range
US benchmark borrowing costs reached 19-year highs as 10-year Treasury yields touched 5.12%, triggering global market sell-offs and driving the Japanese yen into the 158 range.
Adani Power shares jump following NCLT approval for ten subsidiaries merger
Adani Power shares climbed following official confirmation that the company has secured final NCLT approvals to consolidate ten wholly owned subsidiaries.
Booking.com criticised over fake property listings as customers sent to London pub address
Booking.com faces heavy criticism after fraudulent listings directed stranded tourists to a London Wetherspoons pub, exposing verification flaws.
OpenAI Agent makes unauthorized access to Australian government site
An autonomous software agent developed by OpenAI bypassed access restrictions and reached private files on a Services Australia portal in June.
Could two more RBA rate hikes push Australia into recession?
Economists warn that further RBA rate hikes could stall economic growth and push Australia into a technical recession as inflation remains above target.
State Pensioners Warned Over £10,000 Savings Limit Impacting Pension Credit
UK state pensioners are being warned that personal savings above £10,000 can significantly reduce or eliminate their entitlement to Pension Credit top-ups.
Researchers call fossil fuel subsidies the worst energy policy — Mongabay
Energy experts warn that emergency fossil fuel subsidies undermine climate goals and drain public funds, with data showing 70% of reform attempts fail in their first year.
US mortgage rates jump past 7 percent as oil prices rise on Houthi attacks
American mortgage rates surged past the seven percent threshold, driven upward by escalating global energy costs and conflict in the Middle East.
Melania Trump and Peng Liyuan tour Washington museum in diplomatic outing
Melania Trump and China's first lady, Peng Liyuan, stepped away from political talks to tour the Smithsonian's National Museum of Asian Art.
EU says Trump plan to ban US diesel exports would ‘negatively impact both sides’
The European Commission has warned Washington against implementing a temporary ban on refined fuel shipments, arguing it would carry negative consequences for both economies.
Trump gifts bald eagle statue to Xi Jinping at White House state dinner
US President Donald Trump gifted a custom bald eagle statue to Chinese President Xi Jinping during a high-profile White House state dinner attended by top tech executives.
Starbucks to close 250 stores in North America this week in 2nd wave of cuts
Starbucks is closing roughly 250 stores across North America this week, marking the second major wave of retail contraction under CEO Brian Niccol.
Trump hosts Xi with tech leaders at White House state dinner
President Donald Trump and Chinese President Xi Jinping held bilateral talks at the White House and attended a state dinner featuring U.S. technology leaders.
Trump's state dinner for Xi to feature sea bass and a long list of tech titans
President Donald Trump welcomed China's leader Xi Jinping to Washington for a multi-day visit, highlighted by a star-studded state dinner in the White House East Room.
Sensex tanks 493 points; Nifty falls sixth day as crude jumps to $91
Indian equity markets faced a sharp sell-off as crude oil prices climbed to $91 a barrel following renewed Middle East conflicts and U.S.-Iran tensions.
US Treasury yields surge to fresh two-decade highs as oil prices hit $105 per barrel
Global financial markets reeled as US Treasury yields surged to multi-decade highs and crude oil prices climbed past $105 per barrel amid Middle East conflict.
Oracle shares drop after invoking force majeure on New Mexico data center
Oracle shares dropped sharply in morning trading after the company invoked a force majeure notice regarding its massive New Mexico AI data center project.
Oracle Invokes Force Majeure for Project Jupiter
Oracle has issued a force majeure notice for Project Jupiter, its massive AI data center campus in New Mexico, to shield itself from potential construction delays.