Alibaba reported a 75% drop in quarterly profits as capital expenditure rose to $10 billion, driven by heavy investment in AI computing capacity and hardware. Despite the profit decline, revenue grew 9% and the cloud division saw a 45% increase.
June quarter data reveals private sector wage growth in Australia slowed to 0.7%, the lowest since 2021. Despite significant profit growth in major corporations like BHP and Rio Tinto, real wages continue to decline as inflation outpaces salary increases.
Fan groups globally demand FIFA President Gianni Infantino's resignation, launching a petition citing his attempt to sell World Cup profits to private investors and a failure of democratic governance.
US retailer Target reported receiving a $994 million pre-tax tariff refund from the US government, which doubled its second quarter operating income to $2.6bn. The rebates follow a Supreme Court ruling declaring previous import tariffs unlawful.
Selon une enquête Reuters/Ipsos, 63% des Américains considèrent comme inapproprié que Donald Trump et sa famille aient tiré profit des cryptomonnaies durant son mandat, soulignant les inquiétudes sur les conflits d'intérêts.
Chinese tech giant Xiaomi reports a second-quarter net profit decline amid high competition and R&D spending. CFO Alain Lam stated the firm is prioritizing long-term AI development over immediate monetization, despite a 25.6% jump in research costs.
JP Morgan CEO Jamie Dimon has lobbied UK Chancellor John Healey against imposing windfall taxes on banks, warning of potential job losses. The intervention follows growing pressure from campaigners and the TUC to tax record bank profits to fund public spending.
Major U.S. refiners like Marathon, Valero, and HF Sinclair surged over 80% in 2026 amid surging crack spreads driven by geopolitical tensions in the Strait of Hormuz and Russia-Ukraine conflict, though historical indicators suggest caution and potential mean reversion.
A 29-year-old Queensland man lost over $166,000 to an AI-driven cryptocurrency investment scam after clicking an online ad. Experts warn that AI enables criminals to deploy hyper-realistic scam ecosystems faster than regulators can remove them.
SMIC and Hua Hong report substantial year-on-year profit increases of 261.7% and 385.9% to $479.2M and $38.6M, respectively, in Q2, driven by high demand for AI computing power, with Hua Hong's revenue reaching a record $717.5M.
The UK's current drought in the south, despite 1998 Met Office warnings of summer drying in the south, highlights water companies' negligence in prioritizing profits over infrastructure like reservoirs.
Union workers at HCA Healthcare hospitals across the US are holding picket protests to demand pay raises, a $25 minimum wage, and better staffing ratios, contrasting their struggles with the company's $6.8bn in 2025 profits.
As OpenAI and Anthropic face financial headwinds and profitability questions, this opinion piece argues the US should nationalize them as public agencies if market models fail.
Former Microsoft CEO Steve Ballmer and his wife Connie are restructuring their philanthropy by spinning off Ballmer Group's three regional offices into independent nonprofits to bring funding decisions closer to local communities.
Exxon Mobil and Chevron reported massive second-quarter profit surges driven by record fuel prices and supply constraints stemming from a six-month conflict halting shipping through the Strait of Hormuz.
China's rare earth producers report strong first-half profit surges, driven by AI supply chain expansion and hardware demand, despite Beijing's use of the minerals as trade leverage.
Analysts warn that steep price increases in high-end memory are signaling a shift toward a late-stage industry cycle, with slowing price growth, rising inventories, and Chinese capacity expansion putting pressure on major chipmakers.
Cambricon Technologies reports 108% revenue increase to 6 billion yuan ($890 million) in the first half, driven by China's push for domestic AI chips amid US export controls.
Donald Trump criticized oil companies for making 'too much money' from the Iran war, prompting environmentalists and advocates to urge him to support a windfall profits tax.
Nintendo reported a 53.5% profit surge to ¥147.4bn over three months, beating forecasts, driven largely by a refund on US tariffs after a supreme court ruling.
As US beef prices soar 12% higher than last year, ranchers, feedlot operators, and meatpackers report no profit increase due to spiking costs, drought, and a nationwide cattle shortage at its lowest level since 1951.
An appeals court ruled Tuesday that the Trump administration lacked authority to freeze and claw back disbursed climate nonprofit funds, upholding an injunction giving groups access to billions from the Greenhouse Gas Reduction Fund.
Rheinmetall trimmed its 2026 sales guidance by 300 million euros after a cancelled German warship project, despite posting strong 39% sales growth and a 74% profit increase in the first half of the year.
The US stock market reached record highs on Tuesday, driven by strong corporate earnings reports from companies like Palantir and Caterpillar, alongside a significant drop in international oil prices.
