Intel reported better-than-expected second-quarter results, achieving its fastest revenue growth since 2011, driven by strong demand for AI infrastructure and its data center business. The chipmaker issued optimistic guidance, though its stock saw volatility.
Online sales in Great Britain reached a five-year high in June, rising 1% month-on-month, driven by a heatwave boosting demand for air conditioners and outdoor products, and World Cup spending, according to the ONS.
IBM reported earnings significantly below Wall Street's expectations, with its stock tanking 25% after a preliminary warning from CEO Arvind Krishna. The 115-year-old company's mainframe business saw a 42% decline, as customers diverted budgets to other hardware due to rising component costs driven by the AI boom.
Tesla reported Q2 earnings with profits of 31 cents per share, below Wall Street's 51-cent prediction, causing its stock to dip. Despite exceeding revenue expectations and auto sales, the company faces competition and subsidy ends, pivoting focus to AI, robotics, and autonomous driving projects like Optimus and Robotaxi.
UK citizens across various demographics share their expectations for the next Prime Minister, emphasizing honesty, integrity, and courage. Key demands include addressing the cost of living crisis, climate change, improving public services like the NHS and social care, reforming housing, and adopting a fairer, more compassionate approach to governance and international affairs.
India's foreign-currency mobilization drive is surpassing initial forecasts, with the RBI reporting banks garnered $20.7 billion under its special incentive window. Economists now project an additional $10 billion upside, potentially reaching $80 billion in total flows, driven by FCNR(B) deposits and foreign bank participation.
President Trump's "reciprocal" tariffs are set to resume on July 9 after a 90-day pause, with the administration aiming for a few key trade deals despite earlier ambitious targets. While some countries like Canada and the EU have made concessions, others like Japan face letters of high tariffs, leading to global trade uncertainty and potential diversification away from the US.
India's SBI Funds Management IPO listed at a 7% premium, below hopes for a strong debut, despite being oversubscribed 41.6 times. This reflects a subdued Indian IPO market and broader economic challenges from rising energy prices and global AI investment trends.
The Bank of Russia may pause its key rate-cutting cycle at its upcoming meeting, influenced by recent domestic fuel market events impacting inflation dynamics and rising inflation expectations, according to experts.
TSMC, the world's largest contract chipmaker, reported record quarterly profits and raised its revenue outlook, driven by robust demand for AI chips. The Taiwan-based company also announced an additional $100 billion investment to expand its advanced chip manufacturing capacity in the US.
A new era of content discovery, AI Optimization (AIO), is emerging as AI models like ChatGPT and Perplexity become primary search tools. This shift requires content creators to optimize for AI-generated responses, distinct from traditional SEO, to capture growing organic traffic.
Graham Platner, a Democratic Senate candidate, withdrew after a rape accusation, following numerous prior controversies. His saga has sparked a debate among Democrats about the different standards applied to white male candidates versus women and candidates of color regarding past mistakes and allegations.
Dutch semiconductor equipment maker ASML reported better-than-expected quarterly results, driven by strong AI-related investments, leading the company to raise its full-year 2026 net sales and gross margin outlook. The firm also plans significant production capacity increases despite ongoing US-China tech tensions.
Australian Prime Minister Anthony Albanese outlined a promising AI policy pivot, committing to laws protecting local creatives' intellectual property and addressing community concerns over datacentre energy use, but the speech lacked crucial policy details.
South Korea's casino industry's performance is directly linked to inbound tourism, with Chinese visitor growth being the critical factor for the rest of the year. Analysts note a confirmed inbound boom, driven partly by a temporary visa-free program for Chinese group tourists launched last September.
Jeff Bezos and MacKenzie Scott drove 2,000 miles across the US in 1994, with Bezos drafting Amazon's initial 30-page business plan on a laptop in the passenger seat of a borrowed Chevy Blazer. Scott supported his career change from Wall Street and assisted with early business tasks.
Jeff Bezos and MacKenzie Scott embarked on a 2,000-mile road trip across the US in 1994, during which Bezos drafted Amazon's initial business plan on a laptop. Scott drove while Bezos worked on financial predictions, laying the groundwork for the e-commerce giant.
Precious metals are expected to remain under pressure due to geopolitical uncertainty in the Middle East, upcoming inflation data, and economic indicators influencing global interest rates. The US-Iran conflict, rising oil prices, and a stronger dollar are key factors.
President Trump's endorsement of Dell Technologies during a stock market bell-ringing event led to a nearly 9% intraday surge in Dell shares. While analysts attribute the rally primarily to the company's strong AI server business, ethics concerns were raised regarding potential conflicts of interest and insider knowledge.
Vijay's 'Jana Nayagan' has received an 'A' certificate, but a full-page newspaper ad has sparked debate over industry rules. Fans question if the Tamil Film Producers’ Council (TFPC) will enforce regulations equally for KVN Productions, as it has for others.
An IIT Bombay graduate shared an Instagram video detailing how his mother's unwavering faith, despite a nursery teacher's harsh assessment of him being "stupid," propelled his academic success, including a merit position in Class 10 and overseas work.
Colombian-Canadian musician Lido Pimienta discusses her new album "Caribenya," her political activism, and her artistic philosophy. She expresses concern over Colombia's right-wing presidential candidate and her desire to create music that resists exploitation and celebrates joy.
Erling Haaland has stoked World Cup mind games, stating England is under pressure for their quarter-final tie. Haaland, with seven goals in four games, downplayed Norway's chances while highlighting England as favorites.
Costco reported a 10.6% year-over-year sales increase to $29.4 billion in June, falling slightly below expectations. U.S. comparable sales, excluding gasoline, rose 7.6%, a slowdown from May's 8.7%. Shares dropped over 4% as consumer concerns about inflation and economic uncertainty weigh on spending.
