Disney's second-quarter earnings report comes less than two months after Josh D'Amaro took the helm as CEO.
South Korean chipmaker SK Hynix is planning a US IPO of nearly 17.8 million shares, potentially raising $28 billion. The move comes amid a surge in demand for memory chips driven by the AI boom, with the company seeing significant revenue and stock price increases.
Toyota is investing $3.6 billion to move Tacoma midsize pickup truck production from Mexico to its San Antonio, Texas plant. This move is expected to create 2,000 U.S. jobs and significantly expand the facility's capacity.
Microsoft is eliminating approximately 4,800 roles, representing 2.1% of its global workforce, in a move attributed to AI advancements. This adds to a broader trend of significant tech layoffs in 2026, with companies citing AI as a driver for both growth and workforce reductions.
Compulsion Games is returning to independent management after its time with Xbox. The studio will retain the rights to its games: Contrast, We Happy Few, and South of Midnight. They expressed gratitude for their years with Xbox and excitement for the future.
Apple has reinstated card payments for Apple Account purchases in India, over four years after suspending the option. This move adapts to India's digital payment regulations, allowing users to use Visa and Mastercard for subscriptions and App Store purchases.
AI stocks led a rebound on Wall Street, sending the S&P 500 and Nasdaq higher, despite a majority of stocks falling. Broadcom, Micron, and AMD saw significant gains. Oil prices drifted after OPEC+ announced production increases, while global markets showed mixed performance.
