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SpaceX Stock Drops 7% After Q2 Earnings Beat as AI Spending Soars
SpaceX stock fell 7% after reporting Q2 revenue of $7.8B, up 92% YoY, but capital expenditures jumped to $18.4B as the company pursues AI infrastructure investments.
Apple Seeks Injunction Against OpenAI in Trade Secrets Lawsuit on August 04
Apple seeks preliminary injunction against OpenAI over alleged trade secret theft by former engineers. OpenAI denies wrongdoing, publishing internal messages as evidence.
Arashi Inc. Donates ¥50 Million to Kumamoto Earthquake Relief on August 4
Arashi Inc. donated ¥50 million to Kumamoto earthquake relief on August 4, 2026. The group’s corporate entity continues its pattern of large-scale disaster philanthropy following the July 28 earthquake.
HSBC Profit Soars 60% to $10.1B; Announces $1B Buyback on August 4
HSBC’s Q2 pretax profit jumps 60% to $10.1B, beating estimates. Bank plans $1B buyback and 10-cent dividend as net interest income rises 9%.
SoftBank (TYO: 9984) Faces AI Funding Test as Investors Focus on OpenAI Investment Strategy Ahead of Q1 Earnings
SoftBank Group Corp will report Q1 FY2026 earnings on August 6, 2026. Investors are closely watching how the company funds its massive OpenAI commitments. SoftBank’s share price has dropped nearly half since early June 2026. Analysts expect net profit of ¥148.4 billion for the April-June quarter. SoftBank Q1 Earnings Preview: What Analysts Expect Four analysts…
Apple Escalates Legal Battle With OpenAI, Seeking Injunction Over Alleged Trade Secret Misuse by Former iPhone Engineers
On August 4, 2026, Apple intensified its legal dispute with OpenAI by asking a U.S. court to issue a preliminary injunction in its trade secrets lawsuit involving former iPhone engineers. Apple alleges that confidential information could be used to support OpenAI’s expanding hardware plans. OpenAI rejects the claims. The case comes as competition in AI-powered…
US and Japan Jointly Support Yen as Dollar Hits 40-Year High on August 4
US Treasury and Japan jointly intervened to support the yen after it hit a 40-year low. Treasury Secretary Bessent seeks Fed help to expand dollar access for future support.
Habita Apologizes After Ordering Workers Back Into Mall Before Fatal Blast
Habita admits instructing two employees to return to Aeon Mall Kumamoto to secure cash after the July 28 earthquake. Both workers died in the explosion that followed. Company apologizes to families.
Jeff Bezos Backs $2.6B AI Startup Tackling Chip Material Shortage
Jeff Bezos backs CuspAI’s $450M Series B round at $2.6B valuation. The AI startup partners with Nvidia and Meta to discover chip materials, tackling gallium and rare element shortages.