Pinterest shares fell 7% in extended trading after reporting Q2 earnings and revenue that beat expectations, but issued third-quarter sales guidance that met estimates.
Bitcoin miner Bitdeer signed a 16-year lease valued at up to $4.7 billion to provide 121 megawatts of IT capacity for AI workloads at its data center in Tydal, Norway, to a Volta Infra subsidiary.
BP chief executive Meg O'Neill has urged UK Prime Minister Andy Burnham to prioritize domestic oil and gas resources, even as BP prepares to sell its North Sea business after reporting quarterly profits of $5.73bn.
Merck beat second-quarter revenue estimates with $16.61 billion and raised its 2026 revenue outlook, but cut profit guidance due to charges from its Terns Pharmaceuticals and Cidara Therapeutics acquisitions.
SpaceX reports Q2 2026 revenue of $7.8 billion, a 92% increase from Q2 2025, driven by Starlink's growth and new AI computing deals with Anthropic and Google, despite a $541 million loss.
Japanese Prime Minister Sanae Takaichi is pushing to cut the food consumption tax from 8% to 1% for two years starting in April 2027, drawing criticism from party members and the IMF over high public debt risks.
SpaceX released its first quarterly report showing a 92% revenue increase to $7.8bn alongside a 550% spending spike to $18.3bn and a $2bn net loss, causing shares to fall in after-hours trading.
SpaceX reported a $541m loss in its first quarterly statement as a public company, outperforming Wall Street estimates as revenue soared 90 percent to $7.8bn, driven by Starlink and new government contracts.
In its first quarterly report since going public, SpaceX reported a revenue near-doubling to $7.8 billion but a $541 million loss due to heavy investments in Starlink, spacecraft development, and artificial intelligence.
Palantir reported a 93% year-over-year revenue increase to $1.94bn for the second quarter, beating Wall Street expectations and sparking a 10% surge in its share price.
Palantir Technologies reported 'otherworldly' quarterly results with revenue up 93% year-over-year, driving shares up over 14%. The company raised its annual forecast, citing strong demand from commercial and government clients, despite ongoing criticism over its links to the US and Israeli governments and its role in AI and warfare.
Palantir reported Q2 revenue of $1.94 billion, beating estimates of $1.80 billion, driven by surging commercial revenue. The company raised its full-year guidance, sending its stock up 12%.
Snap reported Q2 revenue of $1.6 billion and 493 million daily active users, both beating analyst expectations, while its stock jumped 8% in extended trading.
Amazon's market capitalization exceeded $3 trillion for the first time, fueled by strong quarterly results and investor confidence in its AI-driven cloud business. This makes it the fifth company to reach this milestone, with its AI investments being rewarded by investors unlike some other tech giants.
American Bitcoin, co-founded by Eric Trump and Donald Trump Jr., reported record Q2 Bitcoin production of 932 BTC, boosting mining revenue to $67 million. The Nasdaq-listed company narrowed its net loss to $57.2 million and completed a reverse stock split.
China's domestic tourism market is weakening faster than expected, with hotel RevPAR falling. This reflects a broader economic slowdown and fading post-Covid boom. However, inbound luxury travel, boosted by visa-free policies, shows a brighter picture for the industry.
Meta CEO Mark Zuckerberg asserts that AI is a net job creator, citing infrastructure needs, despite Meta laying off 8,000 employees and reassigning 7,000 others this year. He distinguishes between jobs created in construction and engineering for AI infrastructure and those eliminated internally, while investors question the high spending.
A Tax Justice Network report suggests governments could gain an extra $500bn annually by taxing multinational profits where economic activity occurs, not in tax havens. UN talks in New York aim to establish a global standard by late 2027, despite past US opposition.
The Cruise Lines International Association (CLIA) supports the European Commission's proposed revision of the EU Emissions Trading System (ETS) for the maritime sector, seeing it as a framework that can accelerate decarbonization, strengthen European industrial competitiveness, and preserve connectivity by reinvesting revenues into infrastructure and alternative fuels.
Australia's government proposes a 2.5% levy on big tech's digital advertising revenue for failing to strike deals with local news, a change from previous rules. The levy aims to ensure compensation for news content, despite a concession limiting it to ad revenue.
Australia's government is progressing gambling advertising reforms, increasing scrutiny on fuel prices after excise restoration, and adjusting its News Bargaining Incentive to tax big tech's digital advertising revenue at 2.5%, exempting AI companies.
Maharashtra Revenue Minister Chandrashekhar Bawankule criticized senior Congress leader Nana Patole after a video surfaced showing Patole's supporters washing his feet during Gurupurnima, calling it part of Congress's 'culture'.
Apple's App Tracking Transparency (ATT) feature, introduced with iOS 14.5, requires explicit user consent for app tracking, reinforcing Apple's privacy stance. This change significantly impacted Meta, which reported a $10 billion dent in sales due to altered digital advertising data collection.
Stablecoin Development Corporation (SDEV) reported $2.2 million in Q2 staking revenue, matching its cash operating expenses. However, the company recorded a $50.6 million unrealized loss on digital assets, leading to a significant net loss, with its balance sheet dominated by Sky Protocol's SKY tokens.
