Business
Vince Reports Q2 Earnings Beat, OVO Deal Lifts Outlook
Vince Holding reported adjusted EPS of $1.02 against a $0.16 estimate, driven by strong top-line growth. An August OVO acquisition adds upside potential with plans to build a $100M+ business.
Designer Brands beats Q2 2026 EPS, lifts full-year outlook
Adjusted EPS rose to $0.34, topping estimates, while revenue slipped 1% to $730.6 million. The retailer raised its 2026 EPS guidance to $0.47‑$0.52 and expects flat to modest sales growth.
MasterCraft Q4 sales surge 63% on Chaparral acquisition; shares rise premarket
Boat maker beats on top and bottom line as integration of Chaparral and Robalo brands lifts results; shares climb 5.75% in pretrade.
Yuanbao Insurance Posts Strong Q2 2026 Results, Shares Rise on Growth
Yuanbao Insurance reported a 30% revenue jump and 36% profit growth for Q2 2026, driven by AI-powered operations and new product lines, while shares climbed in premarket trading.
Peacock Hits 48M Subscribers, Posts First Profitable Quarter
NBCUniversal's streaming platform reaches profitability with 48 million subscribers, driven by ad-supported tiers and major sports properties.
DSM-Firmenich partners with Boltz AI startup for biomolecular modeling
The Swiss-French specialty chemicals firm DSM-Firmenich collaborates with Boltz, a KI-driven discovery startup, to integrate Boltz’s proprietary AI models into DSM’s new-product development pipeline for aromas and fragrances.
Hugo Boss Chairman Sturm Resigns After Frasers Takeover Battle
Stephan Sturm steps down as Hugo Boss supervisory board chairman Oct. 15 following a tense proxy fight with major shareholder Frasers Group, which held nearly 48% of the company.
United Airlines Launches Live Football Streaming on Starlink-Enabled Planes
United Airlines has introduced live college and professional football streaming on Starlink-equipped seatback screens, starting this week. The service will be expanded to nearly 700 planes by February 2027.
Softcat raises £250m via UK retail share offer to fund US IT deal
Softcat plc’s £785m-plus acquisition of U.S. IT provider General Datatech will rely on £250m from a no-commission retail share offering, with institutional backing required for completion.
R&S net profit drops 25% in first half on weaker demand
Transformer maker R&S reported a 25.4% decline in H1 net profit to CHF 22.4 million, with revenue down 13% and EBITDA margin falling to 19% from 21.3%. Full-year guidance was reaffirmed.
Galderma Filler Shows Promise for Temple Correction in Clinical Study
Restylane Volyme achieved a 94.4% improvement rate in temples in a Chinese trial; Galderma plans to broaden the product portfolio there.
Swiss Re Shares Hold Steady at CHF 138.75 as Investors Assess Half-Year Results
The reinsurer's shares traded at CHF 138.75 on the SIX Swiss Exchange following a strong first-half performance marked by growth in property-casualty reinsurance and corporate solutions.
Tariffs, Fuel Costs and Rising Rates Squeeze American Companies
A triple bind of Trump-era tariffs, soaring diesel and jet fuel, and the Fed's rate hikes is compressing margins across manufacturing, logistics and retail.
Trump says US will form an “AI Force” and appoint an AI czar
President Trump announced plans to create an AI-focused unit and name an AI czar, likening it to the Space Force, while offering no details on its structure or timeline.
Revolut seeks Swiss banking license, plans CHF 150m expansion
The British fintech aims to expand in the lucrative Swiss market with a local license, geared toward offering salary accounts and Swiss IBANs.
San Francisco Tribune Names Top Enterprise AI Startups
The Tribune’s list spotlights startups advancing AI for enterprises, including Unfold, causalens and Kensho Technologies, ahead of the HumanX Amsterdam conference on September 22‑24, 2026.
Oxford Nanopore Secures Preliminary Injunction Against MGI Tech in Patent Dispute
A Munich court granted Oxford Nanopore Technologies an immediate injunction blocking MGI Tech from selling or supplying key sequencing systems in key markets, pending a permanent ruling.
Sanders and Bannon Form Unlikely Alliance to Push AI Regulation
The liberal senator and Trump ally joined forces in Washington to demand sweeping restrictions on artificial intelligence, warning of job losses, bioweapon risks and loss of human control.
AI Bubble Risks Mount as Compute Costs Outpace Revenue Growth
Hyperscalers have issued an estimated $132bn in debt this year for datacentre build-outs, but collapsing AI pricing and a looming $1.5tn "compute commencement wall" are raising questions about whether the economics can sustain the boom.
UBS Sees Compromise on Capital Rules as Key to Staying in Switzerland
Colm Kelleher, UBS’s president, expressed cautious optimism over a proposed relaxation of capital requirements, framing it as essential for the bank’s continued presence in Switzerland.
Fortitude Mining Taps Ex-Hut 8 CEO Leverton Ahead of Nasdaq Merger
Zcash miner Fortitude names former Hut 8 CEO Jaime Leverton as chief executive as it prepares to go public via a merger with HeartSciences.
Migros Bank Appoints Clemens Eckert as New COO
Swisscom Banking Solutions head succeeds Stephan Wick, who retires after 22 years at the bank.
Lockheed Martin Details Production Ramp, AI Push at Morgan Stanley Conference
The defense giant outlined plans to triple Patriot missile output and quadruple THAAD production by late 2027, while highlighting its $8B–$9B CapEx commitment and deepening AI partnerships with NVIDIA.
EMCOR says AI data centres fuel strong organic growth, margin guidance set
EMCOR Group reported 18.3% first-half organic growth driven by data centre demand and posted consolidated operating margin guidance of 9.5% to 9.8%.
Innoviva Details Growth Bets Beyond COPD Royalties at Cantor Conference
The respiratory-focused drugmaker outlined its specialty therapeutics portfolio, the LYNX drug-delivery platform, and major partnerships as it looks past its COPD royalty stream.