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Warner Bros. Discovery reports 10% jump in streaming revenue ahead of proposed Paramount combination
Warner Bros. Discovery reported streaming revenue surpassed $3 billion in its second quarter, up 10% year-over-year, as the company faces scrutiny over its proposed merger with Paramount Skydance.
Cerebras stock plunges 14% after second earnings report following IPO
Cerebras raised full-year guidance following its second quarterly earnings report since its May IPO, but the chipmaker’s stock declined approximately 14% in extended trading.
Amer Sports Aims Higher After Firm Beats Q2 Forecast, Raises Outlook
Amer Sports shares rose after the company posted stronger-than-expected second-quarter results and increased its full-year 2026 guidance, citing over 30 percent revenue growth and margin expansion.
Chevron Corporation (CVX) Drops as Oil Price Retreats
Chevron Corporation shares declined as oil prices retreated following a U.S.-Iran peace deal, closing at $202.70 per share with a $397.62 billion market capitalization on August 17, 2026.
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Housing investors say this is their worst market in at least 3 years
Single-family housing investors report their lowest confidence in at least three years, citing rising interest rates, insurance costs, and home prices as major concerns affecting purchase activity.
Ikea to take on eBay and Vinted with UK online secondhand site
Ikea is launching an online secondhand marketplace in the UK for its members to buy and sell pre-owned furniture items directly to each other, expanding efforts already underway in other European markets.
Global borrowing costs hit fresh highs over oil, AI and inflation concerns
Long-term borrowing costs in major economies hit their highest levels in years due to inflation concerns, government debt worries, and uncertainty around massive artificial intelligence spending.
Mobile payments on the rise but cash decline slows
Two-thirds of UK adults are registered with mobile payment services, with usage jumping significantly over the past decade, while cash decline is slowing.
Inflation is heating up but don’t expect another crisis
Energy bills rose following the Iran conflict, but inflation pressures remain moderate with food costs at five-year lows and wages outpacing price growth, though economists expect inflation to accelerate later this year.
US treasury doubles debt buyback to steady bond market amid inflation fears
The US Treasury announced it is doubling its government debt buyback program to stabilize bond markets as Federal Reserve officials remain divided over combating persistent inflation.
Jaecoo owner Chery takes ‘next step’ in UK push with R&D centre
Chinese carmaker Chery announced plans to establish a major research and development centre in England as part of its long-term UK expansion strategy, following rapid growth in market share.
81,000 warning letters sent to crypto holders in HMRC tax crackdown
UK tax authority HMRC sent over 81,000 warning letters to cryptocurrency holders in the past year regarding potential unpaid capital gains tax, nearly tripling the volume from 2024.
US Department of Justice defends prosecution of Comey over seashell post
The DOJ is defending its prosecution of former FBI Director James Comey over an Instagram post featuring seashells arranged as “86 47,” which prosecutors claim was a coded threat against President Trump.
NATO ‘prepared’ to defend allies amid report of Iranian strike plans
NATO says it is prepared to defend against potential Iranian attacks on US military targets in Europe, as Bulgaria increases security at its air base hosting American personnel.
Kennedy Center board says it won’t try to immediately restore Trump’s name
The Kennedy Center’s board committed to not taking action to restore President Trump’s name before September 8 amid an ongoing legal dispute over the venue’s naming.
Canada boosts Lebanon aid to $50m and condemns Israeli ‘unlawful invasion’
Canada announced $50 million in additional humanitarian aid to Lebanon and condemned Israel’s military presence there, bringing total assistance this year to over $50 million.