Morgan Stanley's results in the quarter were powered by the firm's fixed income and equities trading operations, which produced about $8.5 billion in revenue.
Company refutes market shutdown rumors, confirms record-breaking Phone (4b) sales, and announces restructuring with AI-native unit and regional hubs, impacting certain positions.
Major auction houses like Sotheby's and Christie's achieved nearly $10 billion in sales in the first half, marking a record start to the year. This surge is attributed to massive wealth creation from the AI boom, IPOs, and rising stocks, attracting new, younger collectors to diverse categories from fine art to dinosaur bones.
Rivian has filed a lawsuit against the U.S. government, U.S. Customs and Border Protection, and its commissioner, seeking a full refund on tariffs paid under President Trump's "Liberation Day" taxes, which the Supreme Court later deemed unconstitutional. The automaker expects tens of millions in refunds while rolling out its R2 SUV.
World, co-founded by OpenAI's Sam Altman, secured $52.5 million through a WLD crypto token sale to strategic investors like Pantera Capital. The funds will support the World Foundation's network expansion for its 'proof of human' verification system, despite past scaling challenges.
West Virginia's Ascend program offers remote workers $12,000 and outdoor recreation access to relocate, successfully attracting over 700 participants and contributing an estimated $750 million to the state's economy, despite challenges like population decline and the rise of hybrid work schedules.
TechCrunch Startup Battlefield, in partnership with Stripe, is bringing its pitch competition to Sydney, Australia, on August 19. Eight early-stage Australian startups will compete for prizes, including $15,000 in Stripe credits and an automatic entry to TechCrunch Disrupt 2026.
