Business - Page 7

SpaceX Revenue Jumps 92% in First Public Quarter Business

SpaceX Revenue Jumps 92% in First Public Quarter

SpaceX revenue surged 92% to $7.81 billion in its first public-company quarter, while heavy AI and Starship spending kept it in the red.

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Palantir Raises Outlook as US AI Demand Drives 93% Revenue Growth Business

Palantir Raises Outlook as US AI Demand Drives 93% Revenue Growth

Palantir raised its 2026 revenue forecast after second-quarter sales jumped 93%, led by surging U.S. commercial and government demand.

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Australia Restores Full Fuel Excise as Cost Relief Ends Business

Australia Restores Full Fuel Excise as Cost Relief Ends

Australia's 16-cent-per-litre fuel tax discount expired at midnight, restoring the full excise and raising costs for motorists, freight operators and businesses.

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Exxon and Chevron profits top $26 billion as oil prices surge Business

Exxon and Chevron profits top $26 billion as oil prices surge

ExxonMobil earned $14.5 billion and Chevron $12.1 billion in the second quarter as oil prices and refining margins rose during shipping disruption.

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Apple Posts Record June Quarter as iPhone Sales Surge Business

Apple Posts Record June Quarter as iPhone Sales Surge

Apple's quarterly revenue rose 16% to $109.42 billion as iPhone and Mac demand drove a record June quarter, though chip constraints clouded the outlook.

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Amazon Raises AI Spending to $220 Billion as Cloud Growth Accelerates Business

Amazon Raises AI Spending to $220 Billion as Cloud Growth Accelerates

Amazon lifted its 2026 capital-spending plan to $220 billion as AWS sales jumped 37%, though heavy AI investment pushed trailing free cash flow negative.

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Microsoft Revenue Hits $90 Billion as Azure Crosses $100 Billion Business

Microsoft Revenue Hits $90 Billion as Azure Crosses $100 Billion

Microsoft reported $90 billion in quarterly revenue as Azure surpassed $100 billion annually, while AI infrastructure spending climbed sharply.

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Boeing Air Force One charge deepens loss as cash flow recovers Business

Boeing Air Force One charge deepens loss as cash flow recovers

Boeing posted a $428 million quarterly loss after a new $280 million Air Force One charge, while deliveries and free cash flow improved.

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Expand Energy to Buy Twin Eagle for $1.25 Billion Business

Expand Energy to Buy Twin Eagle for $1.25 Billion

Expand Energy will acquire natural-gas marketer Twin Eagle for $1.25 billion, aiming to deepen customer access and lift annual commercial free cash flow.

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World Cup Delivers £150 Million Boost to British Pubs Business

World Cup Delivers £150 Million Boost to British Pubs

British pubs gained an estimated £150 million in World Cup sales, with 30 million extra pints poured as England reached the semifinals.

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US Rebuilds Tariff Wall With Court-Tested Trade Laws Business

US Rebuilds Tariff Wall With Court-Tested Trade Laws

Washington is replacing temporary tariffs with established trade laws, covering nearly all US imports while companies and courts assess the costs.

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Global Mergers and Acquisitions Hit Record $3.16 Trillion in First Half of 2026 Business

Global Mergers and Acquisitions Hit Record $3.16 Trillion in First Half of 2026

Global mergers and acquisitions reached a record 3.16 trillion dollars in the first half of 2026, up 44 percent year on year, driven by a doubling of megadeals and blockbuster technology and media transactions, Mergermarket data show.

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