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Uber Forecasts Weak Quarterly Profit Amid Massive Robotaxi Push

On Wednesday, August 5, 2026, Uber Technologies released its financial guidance for the current quarter, projecting adjusted earnings below Wall Street expectations. The ride-hailing and delivery corporation cited foreig…

Disney Shares Slide on Surprise Streaming Subscriber Dip

Disney reports quarterly earnings before the bell on Wednesday, and investors will be focused on the direction of the company’s streaming and theme parks business — as well as further updates on CEO Josh D’Amaro’s strate…

Big Short' Burry Warns of 1987-Style Crash as S&P 500 Hits Record High

Michael Burry, the investor portrayed in the film "The Big Short," has renewed his warning that the current stock market rally could end in a sharp selloff similar to the 1987 crash. Burry made the comments in a Substack…

Chipotle Pulls Jalapeños Nationwide From Select Locations Following Explosive Salmonella Outbreak

Chipotle Mexican Grill has initiated an emergency supply chain intervention by pulling fresh jalapeños from multiple restaurant locations amid a rapidly expanding public health investigation into a major salmonella outbr…

Supreme Court orders crackdown on digital arrest scams, faster money recovery

The top court has also asked the Centre to examine the possibility of creating a shared liability and victim compensation framework for cyber fraud cases. (AI-generated image) The Supreme Court has ordered a coordinated …

New Jersey AG sues Amazon over driver pay, conditions

Aug 4 (Reuters) - New ‌Jersey sued Amazon.com on Tuesday, accusing the online ​retailer of ​abusing its market power ⁠over independent ​delivery drivers, court ​records showed. New Jersey's Attorney General Jennifer Dave…

Palantir Q2 Revenue Skyrockets 93% As US AI Demand Surges

Palantir Technologies reported its financial results for the second quarter of 2026, surpassing Wall Street expectations across all primary metrics and driving a double-digit surge in company shares. Total revenue for th…

WATERLOO firm schedules Q2 2027 earnings call

Descartes Systems Group has scheduled a conference call and simultaneous audio webcast to discuss its second quarter fiscal 2027 financial results at 5:30 p.m. Eastern Time on Thursday, September 10, 2026. Participants i…

Yamaha Motor Restructures U.S. Manufacturing Operations and Cuts Georgia Workforce

August 4, 2026 - Yamaha Motor Co., Ltd (Tokyo: 7272) announced its decision today to implement sweeping structural reforms to its Outdoor Land Vehicle (OLV) business. As part of these reforms, the Company will discontinu…

United States market maker says bull run intact

Citadel Securities, the largest U.S. market maker, told clients on August 4 that the U.S. bull market remains intact despite sharp retail-driven selloffs in technology shares. The firm said the market is transitioning fr…

Trump Attacks Exxon, Chevron for "Too Much Money" as Oil Giants Post Record Windfall Profits

President Donald Trump on Monday publicly attacked ExxonMobil and Chevron, declaring the two largest U.S. oil companies made "too much money" following the surge in crude prices since the Iran war began five months ago. …

Hackers Exploit Coldcard Flaw to Drain $110 Million in Bitcoin

Hackers have exploited a critical software vulnerability in Coldcard hardware wallets to drain more than 1,755 Bitcoins worth approximately $110 million from roughly 5,000 wallets in an ongoing attack. Coldcard devices, …

Nissan Reports First Quarterly Profit in Two Years

Nissan Motor reported its first quarterly net profit in two years, posting 3.76 billion yen for the three months ended June.View more Nissan 7201 -3.33%decrease; down pointing triangle Motor posted its first quarterly ne…

Ocean City launches 2026 White Marlin Open

The 53rd annual White Marlin Open began in Ocean City, Maryland, as boats headed out for Day 1 of the 2026 edition of what is billed as the world’s largest and richest billfish tournament. Held every summer, the event dr…

London crude oil slides after Trump aborts Iran strikes

Global crude prices fell sharply on Monday after Donald Trump said he had cancelled planned US strikes on Iran and that talks on reopening the Strait of Hormuz were imminent. Brent crude dropped as much as 7.3% to $81.55…

United States colleges see surging demand for AI

Colleges across the United States are rapidly expanding artificial intelligence offerings as students from non-technical majors rush to gain AI skills. At Virginia Commonwealth University, psychology major Faith Maeba is…

US and Japan Confirm Rare Joint Intervention to Rescue Collapsing Yen

Japan and the United States confirmed a rare coordinated currency intervention on Monday, August 3, 2026, stepping in together to halt the Japanese yen's sharp slide toward 40-year lows. Japanese Finance Minister Satsuki…

New York Fed chief sees inflation easing, warns on hikes

New York Federal Reserve President John Williams said in an interview published August 3 that he expects U.S. inflation pressures to ease gradually as earlier drivers, including higher energy prices and trade tariffs, pe…

Australia home prices fall as rate hikes bite

Australian home prices fell 0.7% in July from June, the steepest monthly drop since December 2022, according to property consultant Cotality. Annual price growth slowed to 5.3%, down from double-digit rates earlier this …

West Palm Beach company touts lithium, EV patent strategy

Elektros Inc., a publicly traded company based in West Palm Beach, Florida, is promoting its long-term strategy focused on hard-rock lithium assets in Sierra Leone and a U.S. patent related to next-generation electric ve…

Apple Faces Historic Value Drop as Severe Memory Chip Shortages Threaten Q3 Shipments

Apple experienced a massive valuation contraction on U.S. exchanges, surrendering its leading market capitalization spot following disclosures regarding critical memory component shortages.Supply chain disclosures indica…

Global markets tumble as China chip advances rattle tech

Global markets swung sharply this week after Chinese memory chipmaker CXMT surged 466% on its Shanghai debut, valuing it at about 3.3 trillion yuan (£365bn), and reports emerged that China had developed domestic deep-ult…

New York stocks rise as tech earnings drive rebound

Major U.S. stock indexes ended a volatile July with gains, lifted by strong technology earnings. On the final trading day of the month, the S&P 500 rose 0.7% to 7,489.72, the Nasdaq Composite gained 1.0% to 25,373.85, an…

Microsoft Adds Record $450B in Market Cap Following Massive AI Expansion

Microsoft shares registered the largest single-day increase in valuation for a publicly traded company in history, adding $450 billion in market capitalization. The surge followed quarterly financial disclosures indicati…

ExxonMobil Reports 67% Surge in Quarterly Profits Driven by Middle East Conflict Energy Shock

ExxonMobil announced a 67% increase in adjusted quarterly profits, reaching $14.7 billion for the April-to-June period, propelled by surging global oil prices. The financial results followed severe geopolitical supply di…

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