Thailand's SEC alleges Bitkub hid a 2021 cyberattack draining $47 million from its platform in falsified filings. Thailand’s Securities and Exchange Commission filed a criminal complaint against crypto exchange Bitkub and two former directors for allegedly falsifying repor
MercadoLibre reports 26% YoY active buyer growth and 36% GMV increase despite near-term margin pressures from infrastructure investments. MercadoLibre (NASDAQ: MELI) shares have declined 31% from their previous high as investors focus on margin pressures driven by increase
Intel shares pull back from record highs despite $57 billion annual revenue and 40% AI segment growth. Intel stock surged 308% over the past year, outpacing the broader market’s 18% gain, driven by AI demand and manufacturing progress. Revenue reached $57 billion, growing
Micron now prioritizes long-term customer agreements over cost reductions, signaling a strategic pivot in its business model. Micron Technology (MU) has abandoned its long-standing focus on cost-cutting, instead emphasizing $100 billion in contracted minimum revenue from 1
Investors overlook $134 million Q2 2026 loss after steelmaker raises EBITDA forecast and signals contract reset gains. Cleveland-Cliffs (CLF) climbed 8.9% to $11.93 after lifting its Q3 2026 guidance, despite reporting a $134 million GAAP net loss for Q2 2026. Revenue rose
BAH stock jumped on better-than-expected $1.81 EPS despite declining revenue of $11.09 billion in Q1. Booz Allen Hamilton shares climbed 10.1% to $72.53 after reporting first-quarter earnings of $1.81 per share, surpassing estimates of $1.49. The gain contrasted with minim
Higher global vehicle sales and strong electrified vehicle demand offset US import tariffs and increased incentives for the automaker. Kia Corporation posted a 2.3% year-on-year increase in second-quarter net profit to KRW 2,327.8 trillion ($1.59 billion), driven by record
Boston Beer’s Q2 EPS of $4.96 exceeded estimates, driven by 60 basis points of margin expansion and a $1.31 litigation benefit. Boston Beer reported second-quarter GAAP diluted EPS of $4.96, beating Wall Street estimates of $4.83, while non-GAAP EPS reached $3.65. The beat
Swedish private equity firm EQT increases its bid for Perpetual to A$2.6bn, valuing shares at A$22.50, up 2% from its prior proposal. EQT AB has raised its takeover bid for Australian investment manager Perpetual to approximately A$2.6bn ($1.8bn), valuing the company at A$
Global equities rise after Iran halts attacks, sending Brent crude down 6.3% to $90.70 ahead of key central bank meetings this week. Global stock markets advanced Monday as a pause in Middle East hostilities drove oil prices sharply lower, easing inflation concerns. Brent
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