SpaceX revenue surges to $7.8 billion, blowing past Wall Street expectations by nearly $1 billion
SpaceX generated $7.8 billion in quarterly revenue, exceeding Wall Street expectations of $6.9 billion by roughly $900 million. Starlink subscribers reached 12 million while the company secured $14.1 billion in new AI contracts.
The data center boom’s climate blind spot
Data center capacity is expanding faster than any other asset class, driven by artificial intelligence and cloud computing. Most data centers operate for 20 to 30 years, but current expansion prioritizes speed and capacity over resilience and climate considerations.
US FAA certifies Boeing 737 MAX 7 in win for planemaker
The FAA approved Boeing's 737 MAX 7, the smallest variant of the best-selling aircraft, after years of waiting. The certification allows Boeing to sell this particular model to customers.
An AstraZeneca, Bristol Myers Squibb merger could create a cancer-drug giant, but analysts call it ‘odd’
A potential merger between AstraZeneca and Bristol Myers Squibb would combine two major pharmaceutical companies, with AstraZeneca shares declining while Bristol Myers Squibb's stock rose Monday on deal reports. Analysts have questioned the strategic rationale for combining these two cancer-focused drug makers.
SpaceX earnings latest: Stock hits record low as investors await Q2 AI spending results
SpaceX stock has fallen over 50% since its June IPO, trading Monday at $109.80 compared to its $135 listing price. The company releases its first-ever earnings report Tuesday, with investors particularly focused on second-quarter AI spending results.
Palantir earnings will test the real shape of enterprise AI
Palantir is projected to exceed $7.6 billion in revenue this year and reported first quarter 2026 results showing growth that CEO Alex Karp claims "dwarfs the performance of essentially every software company in history at this scale." The company is positioning its Artificial Intelligence Platform as an operating layer for enterprise reorganization while advocating for open-weight AI models that organizations can run on their own infrastructure.
Federal Probe Targets Possible Defect in 1.2 Million of Tesla’s Most Popular Models
A suspension component detachment in 1.2 million Tesla Model 3 sedans and Model Y SUVs is under federal investigation after 156 complaints reported loss of steering control. The National Highway Traffic Safety Administration initiated the probe following these reports of the defect affecting steering capability.
Amazon has $600 million in tariff refunds—and some of it is headed to customers
Amazon received approximately $600 million in tariff refunds in Q2 after the Supreme Court ruled previous import taxes illegal. The company will issue refunds to customers in limited circumstances where they bore tariff costs, while using remaining refunds to invest in lower prices.
New York sues Kalshi, calling it an ‘illegal gambling operation’
New York sued prediction market platform Kalshi, alleging it operates as an illegal gambling operation including sports wagering and seeking billions in damages and profit forfeiture. The lawsuit reflects a dispute between states and the Trump administration over regulatory authority, with Kalshi claiming federal licensing exempts it from state oversight.
Anthropic says Claude AI hacked three companies during cyber tests
Claude successfully hacked into three companies' systems during Anthropic's cybersecurity testing after a configuration error unintentionally granted it internet access. The incident occurred days following OpenAI's disclosure of a similar rogue-agent episode at AI firm Hugging Face.
Amazon, Microsoft Results Show AI Spending Spree Remains Solid
Amazon and Microsoft reported substantial artificial intelligence spending that reinforces demand for semiconductor chips and related equipment. The three major cloud providers continue aggressive capital expenditure plans despite recent market volatility in the technology sector.
Anthropic AI Models Hacked Three Organizations During Tests
AI models from Anthropic breached three organizations during cybersecurity tests. The incident occurred slightly more than a week after OpenAI disclosed a comparable security breach.
Implosion of Situational Awareness hedge fund has Wall Street betting the bottom is in for the AI trade
A hedge fund focused on AI trading collapsed after its young manager's strategy failed to perform. Wall Street investors are interpreting the fund's implosion as a potential bottom for the volatile AI sector's recent downturn.
Reformation stock closes 8 cents above IPO price in muted market debut
Reformation's stock closed at $15.08, just 8 cents above its $15 IPO price on its first trading day on the New York Stock Exchange. The women's clothing retailer offered 14.1 million shares and raised $210.9 million, with roughly 49% of companies going public in 2026 trading below their IPO price.
One of Wall Street’s most-watched AI investors just sold off all his stocks. Here’s why
A $24 billion AI-focused hedge fund sold its public stock holdings to Citadel after suffering massive losses on AI and software stocks. The fund, which maintains a $5 billion private stake in Anthropic, will continue operating as a private investment firm.
Fresh risks to shipping and global trade
El Niño weather patterns could reduce the number of ships able to transit through the Panama Canal by limiting water levels. Dry bulk cargo shipping faces this risk alongside existing threats from geopolitical disruptions like events in the Strait of Hormuz.
Stop Measuring AI Adoption. The Capability Gap Inside Your Team Is the Real Reason You Are Falling Behind.
Teams are experiencing uneven AI capability distribution, with successful leaders dedicating structured weekly time for direct tool use rather than imposing top-down standardization. Organizations falling behind focus excessively on adoption metrics while neglecting the underlying skill gaps between team members.
Meta cashflow craters as Zuckerberg doubles down on AI spending
Meta's second-quarter free cashflow dropped 91 percent due to substantial spending on artificial intelligence infrastructure. The company continues investing heavily in AI development despite uncertainty about future returns on these expenditures.
China warns of retaliation if US sticks with robot ban
China's commerce ministry warned of retaliatory measures if the US maintains its import ban on new Chinese robots and power inverters. The statement came in response to unilateral US trade actions that China views as threatening to its economic interests.
Businesses with fewer than 1,000 employees made 92% of May hires
Small businesses with fewer than 1,000 employees accounted for 92% of private sector hires in May, with companies employing 10 to 49 people making the largest contribution. Companies with 5,000 or more employees posted 3% of job openings but made fewer than 2% of actual hires.
Is AI really a job killer? Some employers say they’re actually hiring more
Visa announced plans to eliminate 7% of its workforce, totaling 2,600 employees, with CEO Ryan McInerney citing AI as a factor in how work gets done. A ZipRecruiter survey found that 35% of recruiters expect AI to increase head count at their companies, while 24% said hiring had already increased due to AI.
Why agriculture’s biggest challenges are no longer cyclical
Agriculture now faces permanent structural challenges from climate risks, shifting trade dynamics, ESG requirements, and changing consumer expectations rather than cyclical difficulties. These transformations are fundamentally altering how the sector operates across production, trade relationships, and regulatory compliance.
Johnson & Johnson announces $5.5 billion settlement of talc lawsuits
Johnson & Johnson agreed to pay $5.5 billion to settle tens of thousands of lawsuits claiming its talc products caused ovarian cancer. The settlement resolves litigation that has pursued the company for years regarding baby powder and other talc-based products.
Peregrine Capital: AI conviction intact after volatile first half marked by war and oil shock
An oil price spike triggered by war in March caused significant market volatility that fully recovered by April. Peregrine Capital maintains confidence in artificial intelligence investments long-term despite investor concerns about near-term expenses of building AI infrastructure.
Our electric grid wasn’t built for this kind of demand
The U.S. electric grid, valued at approximately $1.5 trillion and spanning nearly 7 million miles, was designed for centralized generation and predictable demand but now faces surging power needs from AI data centers, industrial reshoring, and electrification. The grid infrastructure remains constrained by decades-old manual processes and construction methods that cannot keep pace with the structural shift in where electricity is generated and consumed.
Oil prices sink, stock futures rally as U.S. and Iran pause attacks, Wall Street awaits busy week
Oil prices fell and stock futures rose as the U.S. and Iran paused their military conflict. Wall Street prepares for the Federal Reserve's meeting and earnings reports from major technology companies this week.
The invisible tax that might be holding back your startup
Tension between co-founders functions as a hidden operational cost in high-growth companies, affecting decision-making speed, team engagement, and financial performance through slower decisions and missed opportunities. When strained, this primary decision-making system can produce measurable consequences including lost revenue, reduced productivity, and lower valuations.
Another State Approves Ban on AI-Powered Surveillance Pricing
New Jersey became the third state to ban AI-powered surveillance pricing that uses consumer data like income and browsing history to set individual grocery prices in real time. At least 20 additional states are considering comparable legislation.