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Meta stock sinks nearly 7% as AI spend pushes free cash flow negative
Meta shares fell nearly 7% after reporting negative free cash flow in Q3 and raising its full-year capital expenditure guidance due to artificial intelligence investments.
Glastonbury Festival 2027 coach tickets oversold in admin error
Glastonbury Festival 2027 coach packages were oversold due to an administrative error by ticketing partner See Tickets. Affected customers will receive refunds and general admission tickets instead.
Florida stuns No. 7 Texas in Austin, handing tumbling Longhorns second-consecutive loss
Florida rallied from a 17-3 deficit to defeat No. 7 Texas 27-24 in Austin, handing the Longhorns their second consecutive loss and marking an upset victory for the visiting Gators.
Eagles place Jalen Hurts on IR, as he deals with superficial blood clot
Philadelphia Eagles place quarterback Jalen Hurts on injured reserve after he developed a superficial blood clot in his calf, forcing him to miss at least four weeks.
Trending COVID 19 News
Year of after-school care now costs £2,800 a child in parts of UK
Annual after-school childcare costs in England now exceed £2,636 per child, representing a 42% increase over the past decade, with additional expenses for uniforms and school trips adding thousands more.
Japanese automakers vulnerable to one-two punch of Iran war, yen rally
Japanese automakers face headwinds from yen-strengthening intervention and Middle East conflict, threatening profit margins despite recent strong quarterly results.
Xpeng shares sink as weak delivery forecast overshadows $6.3 billion robot unit valuation
Xpeng shares fell over 9% in Hong Kong after weaker-than-expected third-quarter delivery guidance, though its robotics unit secured a $6.3 billion valuation in funding.
Investor competition for commercial real estate sees strongest growth in a year
Investor competition for commercial real estate reached its strongest monthly improvement in a year during June, driven by increased liquidity and rising bidding activity despite elevated borrowing costs.
Nvidia adds more than $400 billion in value after blowout earnings boost AI confidence
Nvidia’s stock surged nearly 9% after the chipmaker issued optimistic revenue guidance, adding roughly $440 billion to its market capitalization and bolstering investor confidence in sustained AI demand.
Bank of England Handed New Legal Duty to Foster Stablecoin Innovation
The Bank of England will receive a statutory duty to promote innovation in payments and digital money, signaling government intent to accelerate stablecoin development within the UK.
FRIEND Soars Over 1,500% on Machi Big Brother’s $1M Friend.tech Buyout Offer
FRIEND token surged over 1,500% following a $1 million buyout offer from trader Jeffrey Huang for the Friend.tech platform, driving the token price from lows near $0.00002225 in July to around $0.051.
OSI Systems (OSIS) Rides Record Profits Through A Middle East Storm
OSI Systems reported record quarterly earnings of $3.78 per share despite revenue missing guidance, with a $1.9 billion backlog and new major defense contracts supporting future growth.
Daqo (DQ) Cuts Its Losses While Betting On An AI Pivot
Daqo reported improved financial metrics in the second quarter despite continuing losses in its polysilicon business, while investing in AI data center power infrastructure with a strong $1.92 billion liquidity position.
Enbridge Brings KKR and Apollo Into C$2.7 Billion Westcoast Pipeline Deal
Enbridge has secured a C$2.7 billion financing deal with KKR and Apollo for expansions of its Westcoast natural gas pipeline system in British Columbia, with the investors receiving a 29% indirect interest.
CrowdStrike posts best day ever, Okta’s stock pops nearly 29% as rising AI threat lifts earnings
CrowdStrike and Okta shares surged following earnings reports showing that AI adoption is driving increased cybersecurity spending, with CrowdStrike gaining 20% and Okta rising nearly 29%.
All Points East: EsDeeKid mystery no problem for rapper’s fans
Masked UK rapper EsDeeKid performed at All Points East festival on Sunday night, drawing large crowds despite his anonymous identity. The artist’s debut album has climbed charts globally while maintaining an enigmatic public persona.