Peloton delivered its first full year of net profit and operating income in fiscal 2026, but said it expects sales to fall in the coming fiscal year as it begins to lap price increases on its hardware and subscription plans. Peloton shares tumbled about 13% in premarket trading as the outlook disappointed investors. Even so,…
An overall view of the manufacturing line in a Hadrian Automation Inc. factory. Courtesy: Hadrian Automation, Inc. Riding a wave of enthusiasm for defense tech, manufacturing startup Hadrian on Thursday closed its latest round of funding at a nearly $8 billion valuation, more than quadruple where investors valued the company in January. The round was…
People queue to refuel their cars at a Gazpromneft petrol station in Yaroslavl on July 15, 2026. Russia — one of the world’s largest oil producers — has introduced a swath of restrictions on petrol sales across the country, as Ukrainian strikes on its refineries, depots and logistics crimp domestic supply. Igor Ivanko | Afp…
HONG KONG, CHINA – 2026/03/06: A young shopper walks past a commercial advertisement for the Nintendo Switch, depicting the gaming character Mario, in Hong Kong. (Photo by Sebastian Ng/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Nintendo reported fiscal first-quarter earnings on Thursday, beating analysts’ revenue and profit estimates, even as…
SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations, driven by a huge gain on its stake in Intel, while a rise in ByteDance’s value helped its Vision Fund division. The Japanese giant said net profit for the June quarter totaled 347.3 billion Japanese yen ($2.2 billion). That beat the…
Demis Hassabis, co-founder of DeepMind Technologies Photographer: Jose Sarmento Matos/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Depending on where you sit, Google either has the most enviable position in artificial intelligence or is bleeding top talent to leading AI labs and other startups on the frontline of innovation. It’s a contrast that’s…
Sign on facade of Gong Cha Tea in San Francisco, California, January 22, 2026. (Photo by Smith Collection/Gado/Getty Images) Smith Collection/gado | Archive Photos | Getty Images Bain Capital won a battle to buy a global bubble tea chain as one of its top rivals remains under scrutiny from South Korean regulators. Bain on Thursday…
Honeywell Aerospace shares tumbled 11% on Wednesday evening after the company reported weak quarterly results and cut its full-year outlook due to supply chain stumbles. It’s a rough look for the newly public maker of cockpit systems and other aircraft parts, which split from Honeywell Technologies in late June. Revenue in the second quarter ended…
Arleigh Burke-class guided-missile destroyer USS Frank E. Petersen Jr. (DDG 121) sails behind the Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72), June 27, 2026. Frank E. Petersen Jr. is deployed to the U.S. 5th Fleet area of operations to support maritime security and stability in the Middle East. Courtesy: U.S. Navy Iran said the…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the Pennsylvania Defense and Innovation Summit in Carlisle, Pennsylvania, US, on Wednesday, July 15, 2026. Tom Brenner | Bloomberg | Getty Images JPMorgan Chief Executive Officer Jamie Dimon has warned that leverage across financial markets remained elevated, adding that investors should be mindful that…
