UK gov in talks for Mythos AI release to boost cyber defense, despite US warnings over security risks and potential misuse in the global financial sector.
SpaceX is pivoting to an AI-first model, with its AI unit consuming 61% of capex. Starlink profits currently fund the burn, but a $1.75T IPO may be needed to fuel its space-based data center ambitions.
Porsche will sell its Bugatti Rimac stakes to a HOF Capital-led consortium. The move aims to cut costs and refocus on its core brand after profits plunged 93%.
Meta will use Amazon's Graviton5 chips in a multi-billion dollar, multi-year deal. The move diversifies Meta's AI infrastructure as CPU demand and prices soar.
P&G warns surging oil prices will slash $1 billion from 2027 profits. Despite beating Q3 estimates, rising input costs are squeezing margins across global brands.
India slammed Trump for sharing a post calling it a hellhole. Officials called the remark inappropriate and uninformed, harming US-India relations.
Nike is cutting 1,400 jobs (2% of staff) to streamline tech and ops. Facing a sales slump and rivals like Hoka, CEO Elliott Hill is pivoting back to core sports.
A class action lawsuit accuses JetBlue of using surveillance pricing to hike fares based on personal data. The suit follows a social media gaffe where the airline advised a passenger to clear cookies to avoid price jumps.
Tesla lifted its 2026 spending to over $25B, betting heavily on robotaxis and robotics. Investors remain wary, as the pivot lacks the high-margin cash flow of Big Tech peers.
Electrolux is launching a SEK 9B rights issue to fix its balance sheet after a dismal Q1. The appliance maker posted an operating loss of SEK 0.9B in North America and announced a new production partnership with China's Midea to stem the bleeding.
President Trump threatened big tariffs on the UK unless it scraps its 2% digital services tax on US tech giants. The move escalates trade tensions already strained by the UK's refusal to join Middle East military operations.
Intel's stock jumped 19% after forecasting strong Q2 revenue. Success is driven by AI-focused CPUs and a major manufacturing deal with Elon Musk's Tesla.
American Express topped Q1 estimates with $4.28 EPS, fueled by a three-year high in spending growth. Despite Middle East conflict noise, luxury retail spend surged 18%.
After ditching a $72B Warner Bros bid, Netflix authorized a $25B share repurchase. The pivot follows a $2.8B breakup fee and a shift toward AI and gaming.
The UK's smoke-free generation bill has cleared parliament and awaits royal assent. It will effectively ban tobacco sales forever to anyone born after 2008.
Heineken reported higher-than-expected revenue and volumes for the first quarter, yet warned that rising energy costs and inflation linked to the Iran war could dampen future demand.
A federal judge finalized a $425 million settlement for Capital One 360 Savings customers, resolving claims the bank misled depositors about interest rates.
Microsoft will invest A$25B ($17.9B) in Australia by 2029 to expand Azure AI infrastructure, boost cybersecurity, and train citizens in AI skills.
Yohei Kono will lead a Japanese trade delegation to Beijing from June 21–24. It marks the first visit since tensions spiked over PM Takaichi's Taiwan remarks.
Deutsche Telekom is exploring a full merger with T-Mobile US via a new holding company to create a global telecom titan. The move aims to eliminate valuation gaps and unify operations. However, shares fell as investors weigh massive regulatory hurdles and the high costs of a stock-based buyout.
Market volatility fueled by the Iran war has caused the funding ratios of the Netherlands' largest pension funds to drop, potentially complicating the upcoming transition to a new national pension system.
Honda Korea announced it will withdraw from the South Korean automobile market by the end of 2026, ending 23 years of local car sales.
Germany's S&P Global Composite PMI fell to 48.3 in April 2026, dropping sharply from 51.9 in March and defying expectations of a 51.1 expansion.
Tesla's Q1 2026 performance signals a definitive move away from its identity as a traditional car manufacturer. While the company beat earnings expectations with 41 cents per share, it missed revenue targets at $22.39 billion. Investor reaction was lukewarm; an initial stock jump was quickly erased by concerns over Musk's plan for massive capital spending. The Shift to AI and