Popular crypto firm files for Chapter 11 after token collapse
Movement Labs, the developer behind the Movement blockchain, filed for Chapter 11 bankruptcy protection after its MOVE token collapsed roughly 99% from its peak.
Tesla misses on earnings, as free cash flow turns negative and margins slide
Tesla reported second-quarter earnings that missed Wall Street expectations despite revenue beating estimates, with free cash flow turning negative and profit margins declining significantly.
EU antitrust regulators clear Paramount-WBD merger as it faces challenge by U.S. states
EU antitrust regulators approved Paramount’s acquisition of Warner Bros. Discovery on Wednesday, though the deal faces legal challenges from U.S. state attorneys general seeking to block the merger.
IBM lowers full-year forecast after earnings warning
IBM reduced its 2026 revenue growth forecast to 4-5% from over 5%, citing weak mainframe sales and adjusted profits below analyst expectations, though shares rose 4% after the announcement.
Southwest Airlines’ third-quarter forecast falls short as fuel bill climbs
Southwest Airlines reported stronger second-quarter profits as higher fares offset rising fuel costs, but its third-quarter outlook disappointed analysts with lower earnings forecasts despite projected revenue growth.
Josh Kelly promises ‘spiteful’ Caoimhin Agyarko clash: IBF light-middleweight title ‘worth its weight in gold’
Josh Kelly defends his IBF light-middleweight title against Caoimhin Agyarko on Saturday in Saudi Arabia, promising an aggressive performance following his championship victory in January.
Maghnes Akliouche transfer news: Liverpool make initial approach for Monaco winger amid PSG interest
Liverpool have made an initial approach to Monaco for winger Maghnes Akliouche, a 24-year-old France international also targeted by Paris Saint-Germain.
Bradley Barcola: Arsenal retain an interest in Paris Saint-Germain forward after missing out on Morgan Rogers to Chelsea
Arsenal maintain interest in Paris Saint-Germain forward Bradley Barcola after Chelsea signed their top transfer target Morgan Rogers from Aston Villa for £117m, a British transfer record.
Rangers to fight McInnes ban for ‘disgusting’ penalty remark
Rangers plans to appeal a four-match touchline ban imposed on manager Derek McInnes for calling a penalty decision against Hearts in May “disgusting.”
Hungarian GP: Kimi Antonelli, Oscar Piastri among five drivers to miss first practice for race in Budapest
Championship leader Kimi Antonelli and four other drivers will sit out first practice at the Hungarian Grand Prix on Friday as Formula 1 teams fulfill mandatory rookie practice requirements.