Fabrinet's Q2 2026 earnings reveal a historic quarter, with revenue hitting $1.13B driven by explosive growth in high-performance computing and telecom. The company signals sustained momentum with aggressive capacity expansion.
The storied outdoor apparel brand Eddie Bauer is set to close all its physical stores across North America and file for Chapter 11 bankruptcy, marking a pivotal moment for a century-old retailer struggling to adapt in a rapidly changing market.
For the second consecutive year, a Chicago-based financial institution has become the nation's first bank to fail. Regulators shuttered Metropolitan Capital Bank & Trust on Friday, citing unsafe practices and depleted capital. The FDIC swiftly arranged for Detroit's First Independence Bank to assume most deposits and assets, ensuring customer funds remain secure.
CEO Sam Altman announces a strategic hiring slowdown as OpenAI navigates profitability challenges and shifts toward using AI to build AI, raising questions about data quality and industry stability.
Amid widespread anxiety over AI-driven job losses, a new report from the Yale Budget Lab finds little evidence of large-scale labor market disruption, raising questions about whether 'AI-washing' is being used to justify corporate layoffs.
HubSpot CEO Yamini Rangan acknowledges the breakneck pace of change in tech roles but argues the core value of education—learning how to think and solve problems—remains timeless, even as she guides her own son into the field.
Authorities in the Democratic Republic of Congo report a weekend drone attack on Kisangani's airport, marking a significant westward expansion of the conflict as M23 rebels are accused. No casualties were reported.
Amid a growing outbreak in northern Mexico, U.S. agricultural officials are escalating a biowarfare campaign, releasing millions of sterile, fluorescent flies near the Texas border to create a defensive barrier against the parasitic screwworm, a move impacting already strained livestock trade and beef prices.
The reopening of Gaza's Rafah crossing for medical evacuations brought a glimmer of hope, but stringent Israeli restrictions limited departures to just five patients on the first day, leaving thousands in critical need still waiting.
A complaint alleging misconduct by Director of National Intelligence Tulsi Gabbard has been withheld from congressional oversight committees for eight months, her office citing an extended legal review. The delay, disputed by the complainant's attorney, raises questions about transparency and adherence to whistleblower protection laws within the nation's top intelligence office.
Joby Aviation is on the cusp of launching its pioneering air taxi service in Dubai as early as this year, marking a critical milestone for the eVTOL industry. With U.S. certification advancing, the company eyes 2026 for scaled commercial operations, navigating the final hurdles of funding and regulatory approval.
General Motors CEO Mary Barra attended a White House event where President Trump unveiled 'Project Vault,' a $12 billion initiative to create a strategic reserve of critical minerals aimed at securing U.S. industrial supply chains.
U.S. equities found firmer ground Tuesday, buoyed by a robust factory activity report. The rally unfolded as investors grow increasingly discerning about AI-related capital expenditures, creating clear winners and losers.
Elon Musk has formally merged his rocket company SpaceX with artificial intelligence firm xAI, a strategic consolidation aimed at creating a vertically integrated powerhouse focused on AI and space infrastructure, according to an internal memo obtained by Business Insider.
Amid economic headwinds and geopolitical tensions, discerning investors are scouring Asian markets for hidden gems. We spotlight three companies—from China's food sector to Taiwan's tech and Japan's chemicals—trading significantly below their estimated intrinsic value, offering potential upside for the patient investor.
Elon Musk has consolidated his AI venture, xAI, into SpaceX, creating a unified entity to pursue the audacious goal of deploying a million-satellite constellation that will function as solar-powered data centers in space, addressing the surging energy demands of artificial intelligence.
Palantir Technologies' stock surged after hours as its Q4 earnings and bullish 2026 guidance surpassed analyst forecasts, signaling a powerful acceleration in its AI software business and vindicating CEO Alex Karp's long-term strategy.
Amazon will phase out its Amazon One palm recognition service across all U.S. retail locations by mid-2026, citing low adoption. The move signals a strategic pullback from in-store biometrics amid privacy debates and a broader refocusing of its physical store strategy.
Brendan Banfield has been convicted of the aggravated murder of his wife and a stranger lured through a fake BDSM encounter, a plot allegedly orchestrated with the family's live-in nanny who testified against him.
Elon Musk merges his space and AI ambitions under one roof as SpaceX finalizes the acquisition of xAI. The strategic move, combining Starlink, social platform X, and chatbot Grok, sets the stage for a landmark public offering and accelerates Musk's vision for off-planet data infrastructure.
