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Business & Markets

Business and financial news covering markets, banking, fintech, accounting and cash-flow pressure, with analysis of economic risks and company distress.

GoPro camera beside optical transceiver modules inside a data-center server rack

📉 Patent portfolio, not a YouTuber, saved GoPro from Chapter 11

GoPro’s stock surged 128% after Markiplier announced an 8.5% stake. 📉 The same day, Starman Optical paid $285M cash for ~90% of shares. Fischbach’s ~$15.4M position is a rounding error in a deal driven by a patent portfolio valued at $340M–$380M. Retail orders hit 62% of

Satellite in orbit above Earth with data sovereignty badge overlay and new CEO portrait inset

🛰️ Luminis Names Léo Blanc CEO Ahead of Satellite Launch

Sovereign satellite data certification secured. New CEO Léo Blanc takes over in December. First service rollouts in January 2027. Macro-satellite launch on March 20, 2027 🛰️ Luminis is betting European and North American enterprises will pay a premium for satellite data processed without touching US or Chinese cloud infrastructure. Vertical

Chart showing Nigeria's Q2 2026 GDP composition with non-oil sectors dominating at 95.84% of real output.

🇳🇬 Nigeria GDP Hits 4.43% but Non-Oil Sectors Carry 96% of Economy

Nigeria's Q2 GDP hit +4.43% YoY — but non-oil sectors contributed 95.84% of output, growing at 4.31%. Oil refinining surged +43.94% from a negligible base. Industry growth halved to 3.96%. Power contracted -10.63%. Against a 7% annual target, this is not transformation.

Stoke Space Nova second-stage assembly with Andromeda 2 engine during fit checks at a Washington facility.

🚀 Stoke Space Ships Three Flight-Ready Engines as $1B Series E Fuels Nova's First Launch

3 flight-ready engines shipped. $1B Series E closed. Nova's first flight is Q4 2026. 🚀 Stoke Space just proved its fully reusable medium-lift vehicle is real hardware, not a slide deck—and it's heading to Cape Canaveral. The FAA projects 4,000 commercial launches over

🚀 Clay Labs Closes $7.1B Series D — Can It Stay Ahead of the AI Pack?

Clay Labs just closed a $7.1B Series D — up from $3.1B a year ago, after quadrupling revenue in 16 months. 🚀 The company now counts 17,000+ clients, including Anthropic, Google, and Stripe. But here's the tension: Anthropic is also building its own AI chips. When your

Chart showing UK 30-year gilt yield rising above 5.9% with British Treasury building in background

📉 UK borrowing costs hit 30-year high as Treasury runs out of fiscal room

UK borrowing costs hit a 30-year high with gilt yields breaching 5.9% on September 8. Every basis point on debt above 100% of GDP costs £2.3bn extra annually. June interest payments alone: £11.7bn — more than defence spending 📉 Treasury says no spending cuts planned. Markets don'

📉 Nike Lost $230 Billion. It Wasn't Politics.

Nike's market cap collapsed 78% from $280B to $57B — the equivalent of evaporating the entire GDP of Hungary. 📉 This wasn't a "woke" backlash. Three mechanical failures did the damage: the DTC pivot burned wholesale partners, On/Hoka/Adidas took shelf space, and China stopped