Business
AGL Energy shares rise after strong H2 2026 outlook
Australian energy giant lifts H2 2026 earnings guidance, citing higher power prices and demand. Shares gain 3.2% in early trade.
Douglas Group Q3 2026 sales decline amid margin pressure
Third-quarter revenue at Douglas Group fell short of expectations as rising costs squeezed profitability, according to the earnings call transcript.
Glenmark’s U.S. unit settles antitrust case with Humana for $15.3 million
Pharmaceutical company Glenmark Pharmaceuticals Inc. USA resolves legal dispute with Humana over alleged anticompetitive practices in generic drug pricing.
AI integration may reduce startup exit value, adviser warns
Strategic AI adoption can lower acquisition valuations despite boosting growth, according to tech adviser Itay Sagie.
Ex-Principal Raises $63M for AI Edtech Startup MagicSchool
MagicSchool AI, built by an educator leveraging generative AI tools, secures $63 million in venture funding to scale its platform for teachers and schools.
U.S. tech sector layoffs exceed 127,000 in 2025, continue into 2026
More than 127,000 employees at U.S. tech companies were laid off in 2025, with job cuts persisting into 2026. Crunchbase tracks the latest companies reducing staff.
Repeat founders now make up over 20% of Y Combinator cohorts
Data shows a rising trend of entrepreneurs returning to YC after previous exits, with repeat founders accounting for more than one in five participants in recent years.
Khosla, Y Combinator lead July’s most active startup investors
Venture dealmakers including Khosla Ventures and Y Combinator maintained high deal flow in July, ranking among top spenders and lead backers.
AI’s productivity gains hinge on organizational overhaul, not tech add-ons
Strattam Capital co-founder argues firms must redesign teams and workflows to unlock AI’s full potential, citing 3x productivity gains.
Startups Raise $3 Billion in Mega-Rounds Across AI, Energy, Biotech
Three companies secured funding rounds of at least $1 billion this week, while others in AI, cybersecurity and mining raised sizable capital. Total disclosed amounts exceeded $3 billion.
AI IPO boom seen reshaping venture capital with LP liquidity surge
Massive AI listings could unlock billions in LP capital, fueling a new fundraising cycle that favors top-tier VC firms and accelerates industry consolidation.
Unicorn births hit record in H1 2026, surpassing full-year 2025 totals
AI, robotics and semiconductor startups drove the surge, with 195 new unicorns minted in the first half of 2026, exceeding the 193 recorded for all of 2025.
Latin America’s Monashees opens Silicon Valley office to back AI startups
Monashees, a pioneering Latin American VC firm, establishes a San Francisco base to tap into Silicon Valley’s AI ecosystem and global investor network.
Trump says plane faced ‘greater risk’ during flight change
Former U.S. president alleges safety concerns during private jet diversion, citing unspecified risks.
Bravura Solutions posts 76% EBITDA surge in FY26
FY26 results show EBITDA up 76% year-on-year as company expands margins to 27%.
Mirae Asset reports 90% profit surge in Q2 2026 presentation
South Korea's Mirae Asset reveals a 90% year-over-year profit increase and a 39.5% return on equity in its Q2 2026 investor presentation.
Pangaea Q2 2026 results miss Wall Street estimates despite strong operations
Pangaea reported better-than-expected operational metrics for Q2 2026 but fell short of analyst forecasts, sending shares lower in after-hours trading.
U.S. blocks Medicaid funds for gender-affirming care for minors
New federal rule halts Medicaid reimbursement for gender-affirming treatments for low-income minors, effective immediately. States retain discretionary authority over coverage decisions.
CI&T misses earnings by $0.03, revenue beats estimates
Tech consultancy CI&T reported adjusted earnings below forecasts for Q2, though revenue exceeded market expectations amid strong demand.
Intercorp Financial Services revenue exceeds forecasts, earnings in line
Peruvian lender reported first-quarter results that met analyst projections for profit while surpassing revenue expectations, driven by loan growth and fee income.
Adecoagro posts earnings miss, revenue below estimates
Latin American agribusiness firm Adecoagro SA reported a $0.64 per-share earnings shortfall and revenue that trailed analyst forecasts for the quarter.
ChipMOS Tech earnings beat by $0.16, revenue misses estimates
Semiconductor assembly and test services provider ChipMOS reported adjusted EPS of $1.16, topping forecasts, but revenue fell short of analyst projections amid softer demand.
Fold Holdings posts quarterly earnings miss, revenue below forecasts
Fold Holdings reported adjusted earnings per share that fell $0.04 short of analyst expectations, while revenue lagged behind estimates in its latest quarterly results.
Commerce.com Outlines AI-Driven Growth Strategy at Oppenheimer Conference
Commerce.com executives discussed how shifting toward artificial intelligence is reshaping the company's long-term growth plans during the Oppenheimer conference.
SINTX Technologies posts Q2 loss, revenue beats forecasts
Biotech firm SINTX Technologies reported a wider-than-expected quarterly loss but revenue exceeded analyst projections, sending shares lower in after-hours trading.