Memory chip supply constraints and AI demand shifts drive the steepest annual decline in smartphone shipments on record. Global smartphone shipments are projected to fall 13.9% in 2026 to 1.08 billion units, marking the largest annual decline ever. The downturn reflects wo
Greg Abel deploys $8.5 billion of Berkshire's $400 billion cash pile in a homebuilder deal amid industry challenges. Berkshire Hathaway agreed to acquire homebuilder Taylor Morrison Home for $6.8 billion in cash, valuing the deal at $8.5 billion including debt. The purchas
CEO says company now captures one in five energy drink sales after integrating Alani and Rockstar brands. Celsius Holdings is repositioning as a multi-brand energy platform, integrating Alani and Rockstar to target distinct consumer segments. The core Celsius brand, focuse
U.S. equities surged on AI-driven optimism, though key metrics remain below historic bubble thresholds, analysts note. A sharp rally in U.S. stocks, fueled by artificial intelligence enthusiasm, has raised concerns about potential market overheating. However, several criti
NYDIG cites converging factors like AI competition, upcoming tech IPOs, and crypto exchange sanctions for bitcoin's recent decline. Bitcoin’s price slide stems from several overlapping headwinds rather than a single catalyst, according to a research report. Factors include
Liberty Energy CFO sells nearly 17,000 shares Liberty Energy's CFO, Michael Stock, sold 16,665 shares in open-market transactions on June 1 and June 2, 2026. The transaction was worth $496,000 based on a weighted average price of $29.77. The sale reduced Stock's
Broadcom reports Q2 2026 revenue of $22.187 billion, with AI semiconductor sales surging 143% YoY to $10.8 billion. Broadcom CEO Hock Tan dismissed concerns that agentic AI will disrupt software licensing, citing strong demand for AI infrastructure. The company’s Q2 2026 r
ExxonMobil reports $15.60 billion in structural cost savings, targeting $20 billion by 2030 amid short-term oil price volatility. ExxonMobil has achieved $15.60 billion in structural cost savings since 2019, with a goal of reaching $20 billion by 2030. The company’s leaner
BitMEX co-founder Arthur Hayes exits HYPE position, citing risks from rising competition in real-world asset perpetuals. Hyperliquid faces growing competition from Wall Street and established crypto exchanges after securing $3 billion in real-world asset open interest. The
BitMEX co-founder Arthur Hayes warns competition from traditional finance and crypto exchanges may pressure Hyperliquid’s token model. Hyperliquid’s decentralized derivatives platform has gained traction since 2023, driving its native token, HYPE, to record highs. The prot
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