Sophia Patel — Business & Finance Editor Following its historic Nasdaq initial public offering in June 2026, SpaceX created thousands of new millionaires among its production-line staff and engineers. As the rocket and satellite company releases its locked shares in stages, employees face major financial decisions while the firm posts a multi-billion dollar net loss driven by heavy artificial intelligence spending. When … Read more
Andre Lavoie, a former engineer who received 200,000 shares working at SpaceX since 2009, plans to cash out his holdings as the rocket company releases its shares in stages following a massive Nasdaq listing that valued the firm at over two trillion dollars. When Andre Lavoie started designing pressure tanks to power SpaceX rockets back … Read more
Nvidia reported financial results for the fiscal first quarter of 2027 ended April 26, 2026, posting $253 billion in trailing 12-month revenue and a quarterly net income surge to $58.32 billion. Despite a 71% annual revenue growth rate and a $5.1 trillion market capitalization, shares trade at roughly 21 times forward earnings. Fiscal First Quarter … Read more
The potential divestment underscores mounting industry warnings over fiscal instability, the Energy Profits Levy, and stringent tax pressures across the British continental shelf. The oil major is weighing options to strip assets and pay down debt, placing its UK basin footprint on the block as part of a broader portfolio overhaul. London-listed BP confirmed it … Read more
FIFA President Gianni Infantino held an emergency crisis meeting at FIFA offices in Rabat, onefootball.com, following the collapse of a controversial plan to sell shares of the World Cup and other tournaments to private investors. The aborted initiative—briefly known as FIFA Forward Enterprise—was unveiled to the public after being leaked by the press, only to … Read more
Gasfitter Michael Cartwright expressed deep remorse at a Queenstown inquest examining the 2018 carbon monoxide death of 12-year-old Jesse Samuel in Haast. Nearly eight years after 12-year-old Jesse Samuel died from carbon monoxide poisoning inside a portable shower unit at his family’s holiday home in Haast, a coronial inquest in Queenstown is examining how the … Read more
Namibian President Netumbo Nandi-Ndaitwah urged the country to expand beyond raw uranium extraction and play a greater role in the global nuclear value chain. Speaking at the 13th Mining Expo and Conference in Windhoek on August 5, 2026, leaders emphasized local beneficiation and ongoing resource development across the Erongo province. Namibian Leadership Pushes for Nuclear … Read more
The sale of American gaming giant theguardian.com (EA) for $55bn (£41bn) to a group of buyers including Saudi Arabia’s Public Investment Fund (PIF) has been finalised. The acquisition was completed on Tuesday evening, according to theguardian.com, following approval from the European Union, which marked the final regulatory clearance needed. News of the deal first broke … Read more
Uber Technologies forecast third-quarter adjusted earnings below Wall Street expectations on Wednesday, August 5, 2026, citing foreign exchange pressures. The ride-hailing giant also reported second-quarter gross bookings of $58.02 billion while reaffirming plans to invest heavily in autonomous vehicles and acquisitions. Investors scrutinized the ride-hailing and delivery platform’s financial trajectory as shares of Uber Technologies … Read more
U.S. Treasury yields declined, following comments from Treasury Secretary Scott Bessent that a deal with Iran to reopen the Strait of Hormuz may be near. The optimism triggered a retreat in oil prices, easing investor concerns over persistent inflation and government borrowing costs. Markets reacted sharply Tuesday as the prospect of a diplomatic breakthrough shifted … Read more