Tag: Business
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Peloton posts first ever annual net profit, but shares drop as outlook disappoints
Peloton delivered its first ever annual profit in fiscal 2026 but it’s still working to generate sales growth as consumers pull back on big ticket purchases.
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Versant raises 2026 outlook on strength of platforms segment and advertising momentum
Versant noted revenue growth in its platforms business, which includes Fandango and GolfNow, and now, the recent acquisition of Full Swing.
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Restaurant Brands International earnings beat as Burger King’s U.S. business soars
Burger King’s U.S. business reported same-store sales growth of 8.5%.
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Oil prices steady as investors cautious over Iran-Oman talks
Aug 6 : Oil prices held steady on Thursday amid market caution over whether talks between Iran and Oman will restore flows through the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions.Brent crude futures gained 9 cents, or 0.11 per cent, to…
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Stocks mixed with tech firms back under pressure
HONG KONG: Most Asian markets were mixed on Thursday (Aug 6) with tech firms back under pressure after a four-day rebound amid lingering artificial intelligence worries, while oil edged up even as Iran said it was
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DBS shares scale record high as bank lifts forecast after profit beat
The Singapore bank declared S$0.81 in dividends per share for the second quarter of 2026.
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ProSiebenSat.1 seeks closer broadcaster ties to counter US streaming giants
Aug 6 : German broadcaster ProSiebenSat.1 is seeking closer ties with domestic media groups to help defend the German media ecosystem against U.S. technology and streaming giants, Chief Executive Marco Giordani said on Thursday.ProSiebenSat.1 said in July that it had partnered with public broadcaster ZDF to i
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Pressured by Tesla, European regulators keep ‘Full Self-Driving’ safety data secret
Aug 6 : Four months ago, the Netherlands approved Tesla’s Full Self-Driving (FSD) system and has since then advocated for its adoption across the EU.But Dutch road regulator RDW won’t tell the public why it concluded the driver-assistance system is safe or how it evaluated the technology, which for years
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Trump’s tech ties blamed for AI inaction by MAGA Republicans and Democrats
WASHINGTON, Aug 6 : In a rare show of bipartisanship, Democrats and Donald Trump’s conservative supporters both blame the president’s ties to the tech industry for his administration’s limited response to recent hacks carried out by OpenAI and Anthropic’s AI agents.Two weeks have passed since OpenAI shocked t
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Oil gains as investors cautious over Iran-Oman talk progress
Aug 6 : Oil prices rose on Thursday as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions.Brent crude futures gained 48 cents, or 0.60 per
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