Flutter shares fell Wednesday after slashing its full-year U.S. profit guidance by 22% and announcing CEO Peter Jackson's departure, with Dan Taylor set to take over.
Paramount CEO David Ellison defended his $111bn merger with Warner Bros Discovery in a New York Times essay, arguing that legal challenges from states and writers' guilds are politically motivated rather than antitrust concerns.
US retail giants like Walmart, Costco, CVS, and Amazon are leveraging direct-to-consumer GLP-1 weight-loss drug programs to acquire long-term customer relationships, as employers increasingly drop coverage. This strategy aims to drive loyalty and cross-selling opportunities.
OpenAI CEO Sam Altman announced an 80% price reduction for its GPT-5.6 Luna API, now $0.20/million input tokens, and a 20% cut for GPT-5.6 Terra. This move, which also includes a "fast mode" for GPT-5.6 Sol, intensifies competition, positioning Luna above Chinese rivals in value.
China's advancements in semiconductors and AI model development are poised to disrupt the global AI tech landscape, offering cheaper alternatives that could erode the margins of current US tech leaders.
BitMEX, once a major crypto exchange, announced its closure on September 23, advising customers to withdraw funds. The exit, driven by a loss of market share to competitors like Binance and OKX, is a scheduled wind-down without a financial crisis, contrasting with the 2022 CeFi collapses.
BitMEX's utility token (BMEX) plummeted 90% to $0.002 after the exchange announced its decision to wind down operations. The closure follows a significant drop in BitMEX's Bitcoin futures market share and is seen as part of broader industry corrections.
Luxury car sales in China dropped significantly last month and in the first half of the year, with brands like Mercedes-Benz and Land Rover experiencing declines as wealthy consumers increasingly favor electric vehicles due to rising crude oil prices.
A US District Judge partially granted a request from a dozen state attorneys general, temporarily halting the $110 billion Paramount and Warner Bros. Discovery merger for 14 days. The judge cited likely antitrust violations and potential irreparable harm, setting a preliminary injunction hearing for August 3rd.
LandSpace Technology's IPO review was restored, seeking $1.1 billion for reusable rockets. CAS Space also plans to use IPO funds for similar projects. This follows China's successful sea recovery of a Long March-10B rocket, highlighting domestic advancements in reusable rocket technology.
Tata Motors Passenger Vehicles (TMPV) plans a tenfold volume increase, aiming for over 1.2 million vehicles and a 20% market share by FY30, up from 14.2%. Investments in AI and product pipelines, alongside Jaguar Land Rover collaboration, are key to this ambitious growth strategy.
The UAE has initiated a market share battle among Middle East oil producers, increasing exports significantly after leaving OPEC. Saudi Arabia and other Gulf nations are following suit with steep discounts, weakening oil prices and challenging OPEC's influence.
For the first time, alternative fuel vehicles (CNG, hybrid, electric) accounted for over 40% of passenger vehicle retail sales in India in June. This shift signals a strong consumer preference for fuel efficiency and lower running costs, with CNG leading the segment.
Saudi Arabia has slashed the August price of its flagship Arab Light crude for Asian customers by $11 per barrel, the largest reduction in over 20 years. This move reflects weakening demand, improved supply conditions post-Middle East tensions, and increased competition.
Shanghai Biren Technology, a Chinese AI chipmaker, is raising HK$7 billion (US$892.5 million) to increase GPU production. This move aims to meet surging demand from cloud, data center, and enterprise clients and compete with Nvidia in China's booming AI market.
Shares of Samsung Electronics and SK Hynix plummeted on Thursday, leading a significant decline in South Korea's Kospi index. The selloff, driven by a global tech downturn and Nasdaq's overnight slump, saw billions in market value erased from Asia's largest chipmakers.
A presidente da Petrobras, Magda Chambriard, indicou que o preço da gasolina deve cair, seguindo o diesel e o querosene de aviação, devido à redução do petróleo internacional. A estatal busca evitar a volatilidade do mercado global, enquanto o governo avalia a retirada de subsídios.
Chinese AI firm DeepSeek will double the price for access to its V4 AI models via API during peak hours (9am-12pm, 2pm-6pm Beijing time) to 12 yuan per million output tokens, citing resource distribution and service stability needs.
Volkswagen is reportedly planning a radical overhaul, including cutting 100,000 jobs and closing four German manufacturing plants. The move aims to counter intense competition from Chinese EV brands eroding its market share.
Volkswagen reportedly plans to cut 100,000 jobs globally and close four German manufacturing plants, including three main VW facilities and one Audi site, in response to intense competition from Chinese EV brands and to reduce costs.
Micron's chief business officer acknowledged the growing capabilities and market share of Chinese chipmakers CXMT and YMTC, noting their output is primarily sold domestically. This validation comes as AI infrastructure spending reshapes the memory chip market, with Micron reporting record results and a strong outlook.
BYD atinge 4º lugar em vendas no Brasil, com crescimento de 5.500% em 3 anos. Empresa vendeu quase 22 mil carros em maio de 2026, saindo de 390 em maio de 2023. Marca consolida-se no mercado com veículos elétricos e híbridos plug-in.
L'AD di Unicredit Andrea Orcel critica le banche tedesche al summit Fii Priority Europe a Roma, evidenziando la loro insoddisfazione dei clienti, la penetrazione fintech e la crescita delle banche USA. Sottolinea la mancanza di scalabilità e investimenti in Europa.
OpenAI's ChatGPT has fallen below a 50% market share in AI assistants for the first time, now holding 46.4% as of May 2026. Google's Gemini is its closest rival with 27.7%, followed by Anthropic's Claude at 10.3%.
