Carvana, the online retailer that revolutionized the used-car market, is making a bold move into new vehicle sales by acquiring seven franchised dealerships. Experts in the industry suggest this could significantly change the traditional auto retail landscape in the U.S.
Elon Musk's spaceflight company Space Exploration Technologies Corp. or SpaceX (SPCX) announced Tuesday that its wholly-owned subsidiary X67, Inc. has agreed to merge with and into Cursor, the artificial intelligence (AI) coding startup developed by Anysphere, Inc., in an all-stock deal valued at about $60 billion.
Yum! Brands, Inc. announced Tuesday its definitive agreement to sell its popular brand Pizza Hut in two separate deals for $2.7 billion in the aggregate, subject to certain purchase price adjustments. Further, the firm's Board of Directors approved an incremental $4 billion share repurchase authorization, which will be conducted with the net after-tax proceeds.
KFC is kicking off a big global makeover aimed at drawing in a younger crowd, focusing on boneless chicken options, a wider range of sauces, and revamped restaurant designs, especially as the competition heats up in the fast-growing chicken market.
McDonald's is making a splash by bringing back one of its most cherished items the original Fried Apple Pie for a limited run after being gone for over three decades.
Google has launched Android 17, introducing new multitasking, gaming, productivity, and security features. The latest Android update will roll out first to eligible Pixel devices and expand to other Android smartphones later in 2026. One of the headline additions is Bubbles, which allows users to...
On Wednesday, AO World PLC (AO.L), a UK-based electrical retailer, reported higher profit in the fiscal 2026, due to favourable costs and higher revenue. Furthermore, the company stated that it intends to return 20 million pounds to shareholders through a special dividend and a new share buyback. Looking...
Uber Technologies, Inc. (UBER) and autonomous driving technology company WeRide Inc. (WRD) on Wednesday said they plan to launch Robotaxi services in the Greater Zurich region later this year, marking their second joint deployment in Europe after recently announcing a service in Madrid. WeRide said...
Rivian Automotive Inc. (RIVN) said it is laying off hundreds of employees, representing less than 2% of its workforce, as the electric vehicle maker seeks to improve profitability. The layoffs, first reported by The Wall Street Journal, affect certain teams in the service and customer operations segments....
Stor-Age Property REIT Ltd (SSS.JO) released earnings for full year that Drops, from the same period last year The company's earnings totaled ZAR1.120 billion, or ZAR2.2538 per share. This compares with ZAR1.411 billion, or ZAR2.9186 per share, last year. Excluding items, Stor-Age Property REIT...
French automobile company Renault Group (RNLSY, RNL.PA) announced a partnership with Thales Group (THLEF.PK, TCFP.PA), a French aerospace and defence company, to jointly develop and industrialise large-scale Thales' TOUTATIS Loitering Munition production in France. The partnership follows the launch...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.
Island Pharmaceuticals Ltd. (ILA.AX), an antiviral drug development and biodefence company, on Wednesday announced receipt of an orphan drug designation for Galidesivir in the post-exposure prophylaxis of Marburg virus disease from the U.S. Food and Drug Administration (FDA). The Marburg virus can...
Akeso, Inc. (AKESF) reported that its CD47-targeting antibody Ligufalimab achieved meaningful survival and response improvements in treatment-naïve acute myeloid leukemia (AML), based on Phase II data presented during an oral session at the 2026 European Hematology Association (EHA) Congress
Inspiration Healthcare Group plc (IHC.L) reported narrower net loss and increased revenue for the financial year ended January 31, 2026. Company Profile Inspiration Healthcare Group is a UK-based medical technology company specialising in neonatal and critical-care medical devices designed to improve...
Tuesday's top gainers include CervoMed, with key clinical trial catalysts ahead; Conexeu, which strengthened its leadership with board expansion; NeOnc, advancing its lead drug candidate into Phase 2 for aggressive brain tumours; and Simulations Plus, which is set to be acquired by Altaris affiliates, among others.
Redcare Pharmacy N.V. (SAE1.F, RDC.DE) Monday raised its full-year 2026 guidance after reporting stronger-than-expected trading during the first two months of the second quarter, driven by accelerating growth in both prescription (Rx) and non-prescription (non-Rx) sales. The online pharmacy operator...
South Africa's consumer price inflation accelerated in April to the highest level in nearly two years amid higher fuel costs. The consumer price index, or CPI, climbed 4.5 percent year-on-year in May, faster than the 4.0 percent rise in the previous month. Inflation based on transportation quickened to 9.4 percent from 4.9 percent amid a 28.7 percent surge in fuel costs.
Slovakia's EU measure of inflation eased marginally in May as expected. The EU measure of the harmonized index of consumer prices, or HICP, rose 4.0 percent year-on-year in May, slower than the 4.1 percent increase in April. The annual price growth in food and non-alcoholic beverages softened to 0.3 percent from 1.0 percent, and that in health slowed to 4.4 percent from 4.8 percent.
Austria's consumer price inflation increased as estimated initially in May to the highest level in five months. The consumer price index climbed 3.7 percent year-over-year in May, faster than the 3.4 percent increase in April. Inflation based on transportation accelerated to 8.8 percent from 7.7 percent due to a 26.5 percent surge in fuel costs.
Singapore's non-oil domestic export growth quickened sharply in May. Non-oil domestic exports grew 38.4 percent year-over-year in April, faster than the 24.4 percent rise in the previous month. Exports of electronic products grew 94.8 percent in May from last year, driven by robust AI-related demand.
Weather sensor and measurement technology provider Vaisala Oyj (VAIAS.HE) announced on Wednesday that it has agreed to buy San Francisco-based AI weather forecasting company Atmo, Inc for a minimum of $70 million to be paid in cash and stock. The consideration also involves $60 million milestone...
The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.