12 articles · Latest business news, analysis, and reporting.
Netflix shares fell more than 10% on July 17 after a mixed earnings report and a surprise decision to publish engagement data less often. The selloff spread fast across semiconductor stocks, raising uncomfortable questions about how AI infrastructure spending actually pays off.
Taiwan Semiconductor Manufacturing Company announced an additional $100 billion investment in Arizona on July 16, bringing its total U.S. commitment to $265 billion — alongside record Q2 profits up 77.4% year-over-year driven by surging AI chip demand.
IBM shares fell 25.21% on July 14, 2026, erasing $67 billion in market cap. CEO Arvind Krishna disclosed Q2 revenue missed consensus by $660 million as enterprise customers shifted spending to AI hardware, leaving software and mainframe deals unclosed.
Goldman Sachs posted diluted earnings of $20.98 per share in Q2 2026, nearly double a year ago and 45% above expectations, as the SpaceX IPO and record equities trading drove the bank's strongest results in its 157-year history.
SpaceX raised $75 billion in the largest IPO in history on June 12, 2026, pushing Elon Musk's net worth past $1.1 trillion and making him the world's first trillionaire. Here's what the numbers actually show.
After 25 years of self-funding, Jeff Bezos has opened Blue Origin to outside investors for the first time, raising $10 billion at a $130 billion valuation led by Coatue Management.
Apple filed a federal lawsuit against OpenAI on July 10, 2026, alleging the AI company ran a coordinated scheme to steal its trade secrets through the systematic hiring of former Apple engineers. The suit names OpenAI Chief Hardware Officer Tang Tan and engineer Chang Liu.
China's largest DRAM chipmaker is going public in Shanghai with a $4.3 billion raise, the country's biggest tech IPO since 2022. A 719% revenue surge in Q1 2026 tells part of the story. The rest involves AI demand, U.S. export restrictions, and a growing race for semiconductor self-sufficiency.
After the Iran-U.S. war triggered the biggest supply shock in OPEC's history, the cartel faces internal fractures. The UAE has already left, Iraq is threatening to follow, and Saudi Arabia holds the deciding vote on whether oil collapses to $40.
Around 41% of employees say their companies trimmed management layers in 2025. As AI agents absorb the coordination work that justified those layers, corporate America is compressing — and the questions about what comes next are harder than the savings spreadsheets suggest.
Tesla delivered its strongest Q2 ever in 2026 — 480,126 vehicles, up 25 percent year-over-year. Europe led the rebound after a bruising 2025. The stock still fell as investors held their breath for July 22 margin data.
Microsoft eliminated 4,800 jobs on July 6, 2026, with 1,600 cuts hitting Xbox immediately. CEO Asha Sharma confirmed the biggest restructuring in Xbox history, with four studios spun off. The broader cuts reflect a pivot to AI infrastructure.
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