Xbox CEO Asha Sharma and CCO Matt Booty informed staff of significant financial challenges, with plans to cut costs by potentially closing Ninja Theory, Double Fine, and Compulsion Games. This follows a memo citing over $20bn in investments yielding declining revenue and a "hardware component crisis."
Russia's crude oil and petroleum product exports reached 7.35 million barrels per day in May 2026, a 0.14% increase from April, despite a 3.26% revenue drop to $20.79 billion due to lower energy prices.
UK government revenue from Capital Gains Tax (CGT) has surged by nearly 80% to £24bn in the last tax year due to rule changes, impacting more individuals. Experts advise on strategies like utilizing ISAs, transferring assets between spouses, and pension contributions to mitigate CGT bills.
An inquiry into the CFMEU's Queensland branch is investigating allegations of financial misconduct, including "shadow financial operations" and the improper use of donations to pay fines. Counsel assisting the inquiry claims the union used enterprise bargaining agreements to generate millions in revenue and control the construction industry.
Malaysia's Inland Revenue Board (LHDN) has alerted collectors of high-value items like trading cards that their hobby may be subject to income tax if it constitutes a business activity. The LHDN uses 'badges of trade' to determine taxability, considering factors like transaction frequency, profit motive, and organization.
India's government is making strong progress on its non-tax revenue goals, with public asset monetisation reaching nearly 30% of last fiscal year's total in just two-and-a-half months. Disinvestment income is also close to FY26 levels, as efforts intensify to exceed the combined FY27 target of ₹80,000 crore.
SpaceX shares jumped 12% Tuesday, briefly surpassing Microsoft and Amazon in market cap. The rocket builder's valuation reached $2.94 trillion, fueled by a record IPO and a $60 billion acquisition of AI startup Cursor.
SpaceX's market cap briefly surpassed Microsoft's and Amazon's following a strong IPO debut and a 12% share price increase on Tuesday. The company also announced a $60 billion acquisition of AI startup Cursor.
Leaked financial documents reveal OpenAI's revenue surged from $3.7B in 2024 to $13.07B in 2025, but expenses, particularly R&D, grew even faster, leading to significant operating losses. The company aims for profitability by 2030.
Robinhood is laying off 10% of its workforce, approximately 2,900 employees, to streamline operations. This decision comes as the company faces a significant 34% sequential drop in crypto transaction revenue, falling to $134 million from $221 million.
SpaceX shares surged approximately 9% on Tuesday, briefly overtaking Microsoft and Amazon in market capitalization. The rocket-builder's valuation touched $2.94 trillion, following a record-breaking IPO and a 20% jump on its first full trading day. The company also announced the acquisition of AI coding agent Cursor for $60 billion.
SpaceX shares jumped 13% on Tuesday, surpassing Microsoft in market capitalization to become the fourth-largest U.S. company with a valuation of $2.94 trillion. This follows a record-breaking IPO and a 20% surge on its first day of trading. The company also announced the acquisition of AI coding agent Cursor for $60 billion.
SpaceX shares rose 8% Tuesday, surpassing Amazon's market cap at $2.74 trillion after a record-breaking IPO. The company announced its acquisition of AI coding agent Cursor for $60 billion.
SpaceX shares rose ~3% Tuesday, nearing Amazon's market cap after a record IPO. The company plans to acquire AI coding agent Cursor for $60B. Elon Musk projects $1T revenue by 2030, despite recent losses.
SpaceX shares rose 3% Tuesday, continuing their meteoric rise after a record IPO. The company is nearing Amazon's market cap and announced a $60B acquisition of AI coding agent Cursor.
SpaceX shares rose over 5% following a record IPO and news of a $60 billion acquisition of AI software firm Anysphere. Despite a sell rating from CFRA, analysts remain bullish on the long-term prospects of the space tech giant.
SpaceX shares jumped over 8% after a record IPO and news of a $60 billion acquisition of AI firm Anysphere. Despite a 'sell' rating from CFRA due to high valuation, analysts remain bullish on long-term growth potential.
A potential US-Iran peace agreement could significantly benefit African economies by stabilizing global financial and commodity markets. Lower oil prices, reduced freight costs, and smoother trade flows would ease imported inflation, particularly for energy, fertilizers, and food, acting as a stimulus and food security package for many nations.
Kuwait has launched a new 15-year residency program for eligible foreign investors, business owners, and senior executives to attract global capital and talent. The initiative aims to boost FDI, create jobs, and diversify the economy away from oil, aligning with regional trends like the UAE's Golden Visa.
SpaceX shares jumped 10% Tuesday following a record IPO. Elon Musk's ambitious revenue projections and high valuation are being scrutinized by analysts, with some issuing sell ratings.
SpaceX shares surged 9% on Tuesday, following a record-breaking IPO and Elon Musk's projection of reaching $1 trillion revenue by 2030. The company, dominant in satellites and reusable rockets, merged with Musk's AI startup xAI.
SpaceX shares surged 11% on Tuesday, continuing their strong performance after a record-breaking IPO on Friday. CEO Elon Musk projected potential 2030 revenues of $1 trillion, fueled by dominance in satellite and reusable rockets.
At the G7 summit in Évian-les-Bains, France, Keir Starmer announced new sanctions against Russia targeting finance networks and its shadow fleet, alongside £210m in energy support for Ukraine's nuclear plants. He also plans to discuss defense spending with Donald Trump.
SpaceX shares rose sharply post-IPO, driven by Elon Musk's projection of $1 trillion annual revenue by 2030. The company raised $75 billion in its record IPO, with retail investors playing a key role. Crypto markets also saw increased activity in SpaceX-linked derivatives.
