Tim Cook gets $47m executive chair package as John Ternus takes Apple CEO role
— Markets
John Ternus formally became Apple CEO on Tuesday, replacing Tim Cook, who moves to executive chair at a $4.7tn company by market capitalisation.
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— Markets
John Ternus formally became Apple CEO on Tuesday, replacing Tim Cook, who moves to executive chair at a $4.7tn company by market capitalisation.
— Commodities
Chevron's $7bn Venezuela commitment signals a material shift in US energy policy toward the country, with Washington now actively backing expanded private oil investment there.
— Markets
MapQuest surpassed Google Maps and Apple Maps to reach the top of the US Apple App Store download chart after publicly refusing to rename Lake Ontario to 'Lake America'.
— Commodities
US-Iran military exchanges have pushed oil prices to their highest levels of the current conflict, with supply disruption risk in the Persian Gulf now the dominant pricing variable for crude.
— Regulation
Apple Maps has adopted the 'Lake America' designation for Lake Ontario, complying with a Trump executive order issued last week that renamed the Great Lake amid a trade dispute with Canada.
— M&A
Nvidia's $3.5bn investment in MediaTek is a defensive move to keep its AI software ecosystem relevant as major cloud providers accelerate development of proprietary AI chips that bypass Nvidia's GPUs.
— Earnings
Palo Alto Networks reported quarterly results above consensus estimates, driven by accelerating enterprise demand for AI-powered security detection and response tools.
— Earnings
Dell's upward revision to its fiscal 2027 AI server revenue forecast, from a doubling to a tripling, is the material change that drove the post-earnings share price move.
— Regulation
The UK National Crime Agency froze $13.5 million held by the Premier League in January 2025, with the action targeting proceeds from its sponsorship arrangement with crypto fantasy card platform Sorare.
— Markets
A global bond selloff driven by renewed US-Iran hostilities has pushed yields to multi-decade highs, raising borrowing costs across sovereign and corporate debt markets simultaneously.
— Regulation
Kalshi's first lifetime ban and a $71,356 fine represent the sharpest enforcement action the prediction-market platform has taken since its founding, signalling willingness to pursue high-profile cases publicly.
— Crypto
Polymarket's valuation has risen 40% to $21bn following a $1bn funding round led by Donald Trump Jr's investment firm, 1789 Capital, making it one of the most highly valued private crypto-adjacent platforms.
— Markets
Shein's Hong Kong listing crystallised a severe valuation reset, with private backers enduring a 73% valuation drop on the IPO relative to the company's peak private valuation of nearly $100bn reached after a 2022 funding round.
— Regulation
Andrew Bailey has formally warned G20 finance ministers and central bank governors that frontier AI models pose a material threat to global financial stability, acting in his capacity as chair of the Financial Stability Board.
— Crypto
Evernorth's path to a Nasdaq listing now hinges solely on a shareholder vote after the SEC declared its S-4 registration statement effective, removing the primary regulatory obstacle.
— Crypto
Bullish, an institutional crypto exchange, is deploying $100 million in stablecoin liquidity to USD.AI to finance loans collateralised by GPU computing infrastructure.
— Crypto
Schwab's decision to add Solana, Avalanche, and Chainlink signals that retail demand on its nascent crypto platform is sufficient to justify broadening beyond the two largest tokens.
— M&A
The collapse of the Advent-Stripe consortium's pursuit removes the principal identified buyer for PayPal, leaving the company without a credible near-term acquisition path.
— Crypto
Polish Olympic Committee president Radosław Piesiewicz has been detained and charged in connection with an investigation into collapsed cryptocurrency exchange Zondacrypto.
— M&A
BitGo has completed the acquisition of NYDIG's institutional trading arm, gaining an immediate foothold in derivatives and financing that it did not previously operate at scale.
— Markets
Nvidia has paused revenue-sharing arrangements with AI cloud companies, a retreat that signals the company is responding to mounting scrutiny of its financing practices rather than expanding them.
— Markets
The commercial fallout from a Good Good Golf advertisement showing a male golfer shoving a woman to the ground has cost the YouTube channel its primary equipment sponsor, retail shelf space, and broadcast slot simultaneously.
— Crypto
A crypto bank venture linked to the Trump family has secured a national bank charter, with the UAE's national security advisor holding a 49% stake, creating an unusual intersection of presidential family finance and foreign sovereign influence.
— Markets
Nvidia's stronger-than-expected quarterly results and raised forward guidance triggered a broad market rally, with the Nasdaq and S&P 500 both advancing on the day.
— Earnings
Marvell shares fell 8% in premarket trading despite a second-quarter revenue beat, as the fiscal 2028 outlook failed to meet investor expectations.
— Central Banks
Warsh delivered his debut Jackson Hole address on 28 August, telling the symposium 'we have work to do' on inflation and expressing concern about its underlying trend.