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JB Hi-Fi Plunges 12% as Record FY26 Results Fail to Offset Soft July Sales
JB Hi-Fi shares dropped 12.31% to A$71.65 after record FY26 results were overshadowed by weak July sales, with comparable sales falling across all Australian banners.
Oman Oil Spill Threatens $72M Cargo, But Markets Stay Calm
A shadow-fleet tanker carrying about 800,000 barrels of Russian crude is leaking off Oman, but markets show little reaction as Hormuz risks remain the key driver.
Nvidia and LG Forge Humanoid Robot Alliance to Diversify AI Revenue
Nvidia and LG are collaborating on a humanoid robot, leveraging Nvidia's robotics platforms to tap into physical AI and diversify beyond data-center chips.
Boeing's Apache Deals Highlight Defense Growth Amid Margin Squeeze
Boeing's confirmed Apache contracts total $7.43B, 8.7% of defense backlog, but defense segment posted an operating loss last quarter. Stock slips 0.2% premarket.
Hawaiian Electric Faces Investor Scrutiny After Storm Leaves 130K Oʻahu Customers in Dark
Hawaiian Electric (HE) faces investor scrutiny as 130,000 Oʻahu customers remain without power after Tropical Storm Lala, with restoration costs likely to pressure the utility's finances.
SpaceX Stock Climbs in Premarket as $45.5B Share Lockup Expiry Looms
SpaceX (SPCX) gains 1.5% premarket ahead of a massive share unlock on Aug 20, with 320 million shares worth $45.5B becoming eligible, tripling average volume.
Apple's iPhone 18 Split Launch: A Premium Mix Test
Apple is reportedly launching iPhone 18 Pro models in fall 2026, with the standard model delayed to 2027. This split tests premium pricing power as iPhone generates 49.6% of revenue.
Magic Johnson Backs Record $12.5B Lakers Deal as MSGS Gap Nears $3.7B
Magic Johnson endorses the record $12.5B Lakers sale, while MSGS trades at a $3.7B discount to private valuations, with Rangers spin-off due by end of October.