A bespoke build of Ferrari's first electric car, the Luce, sold for a record $40 million at a charity auction, defying initial market skepticism.
Nvidia partnered with Goldman Sachs and top asset managers to mobilize at least £500B in institutional capital for global AI infrastructure.
GM secured an up to $4.5B purchasing facility with Procura Auto Parts to prepay suppliers for critical parts and prevent supply chain delays
Nestlé is using AI and nutrition science to launch products tackling side effects like muscle and facial fat loss in weight-loss drug users.
The EEOC dropped its lawsuit against Nike after the company handed over workforce data for an ongoing probe into alleged bias against white employees.
The US loses up to $26B yearly as Chinese goods reroute via nations like Mexico to dodge duties. AI is now being deployed to catch them.
Bank of America agreed to buy up to a 49.9% stake in Indian digital lender Jio Credit for $1.9 billion to expand in India.
The yen dropped 0.9% to 159.29 per dollar, its biggest weekly loss in a month, fueling trader bets on fresh BOJ rate hikes or official buying.
A filing shows Elon Musk holds a 48.4% stake and >82% voting power in SpaceX, valuing his position at over $900 billion.
Microsoft was once committed to deep integration within China's domestic ecosystem, rising geopolitical friction, U.S. export controls, and Beijing's aggressive push toward domestic software have prompted a strategic retreat.
India's July WPI rose 9.78% YoY, easing from June's 9.87% and below the 9.95% forecast, showing a slight cooling in wholesale price inflation.
Cleveland Fed President Beth Hammack says interest rates must rise immediately to curb business expansion and bring >3% inflation to 2%.
Microsoft integrated S&P Global financial data into Microsoft 365 Copilot to streamline company research, peer benchmarking, and financial analysis in Excel.
Bank of America will deploy $250B by July 2027 to finance U.S. digital, energy, and transportation projects, tapping into growing demand for AI data centers.
Japan's July producer price index rose 7.2% year-on-year, driven by high metal prices and weak yen costs, strengthening bets for a BOJ rate hike in September.
Starbucks Korea operator SCK Company swung to a $13.4M operating loss in Q2 after a controversial campaign and canceled summer promotion hit sales.
Maersk beat Q2 forecasts with $3B EBITDA and raised its full-year outlook as Middle East disruptions and strong demand drove freight rates higher.
The IEA cut its 2026 global oil supply forecast to 102.02M bpd (down 4.3M bpd) as ongoing Strait of Hormuz closures plunge markets deeper into deficit.
GM set up a $4.5B purchasing facility with Procura to stockpile critical auto parts and avoid future supply chain disruptions.
Ryanair is deploying Google Cloud enterprise tools and generative AI models across its 35,000-person workforce. By adopting a dual-cloud framework that pairs Google with its existing Amazon Web Services setup, the airline aims to eliminate single points of failure, boost network resilience, and support its long-term strategy to handle 300 million passengers annually by 2034. The partnership centers on utilizing Google
Norway's $2.3T sovereign wealth fund posted a record $184.3B profit in H1 2026, driven by Asian tech stocks and a $1.22B SpaceX stake.
CoreWeave lifted its 2026 capex forecast to $35B–$39B and beat Q2 estimates on soaring AI cloud demand, sending its shares up 14% after hours.
Google has appointed Koray Kavukcuoglu as Senior Vice President of Google DeepMind reporting directly to CEO Sundar Pichai while co-founder Demis Hassabis transitions to Chair, shifting the organization's focus from academic research to rapid product execution as it races to close the AI performance gap with OpenAI and Anthropic.
CoreWeave reported $2.58 billion in Q2 2026 revenue, a 112% increase year-over-year compared to $1.21 billion in Q2 2025.