Business
$30.7B — that's Apple's Services revenue for the June quarter, its first consecutive decline since 2022. ⚙️ New CEO John Ternus is betting that coordination costs, not engineering talent, are Apple's binding constraint — flattening management to ship faster. But the runway is thinner than the
Business & Markets
QNT jumped from $64 to a $371 peak before settling near $260 — a ~300% swing in 4 days 📈 The catalyst: The Clearing House picked London-based Quant for its On-Chain Money Initiative, a tokenized deposit network covering 25 U.S. banks, launching H1 2027. The same day, UK banks
Business & Markets
$84.2M in seized funds — but that's not the real story. The DOJ civil forfeiture case against Capstone Ltd. exposes the fragile, lightly regulated banking corridor that Tether's $187.75B stablecoin depends on to move dollars in and out of the U.S. system. ⚖️ Capstone allegedly
Business
23,000 Glasgow City Council workers—nursery staff to refuse collectors—face dismissal-and-rehire, with ~11% losing up to £11,500/yr 😱. The aim: fix a grading system found to discriminate against women. Some 63% would gain, ~90% stay level or better. Re-engagement may strip continuity of service,
Business
Disney is cutting ~1,000 legal roles. That's about 4 of every 1,000 workers across its 231,000-person workforce. ⚖️🤖 The trigger: incoming CTO Karandeep Anand (ex-Character.AI CEO) is rebuilding workflows around AI—contract review, research, and compliance triage. The bet is that automation replaces
Business & Markets
BlackBerry beat EPS ($0.07 vs $0.04) and revenue ($163.3M vs $142.5M), with QNX hitting a record $80.3M — roughly 275M vehicles on its runtime.📉 Yet the stock slipped 7% as Secure Communications fell 16% and Q3 is implied below Q2. Record results, but the market is
Business & Markets
India's insurance regulator just wiped ₹28,000 crore (~$3.4 Bn) off PB Fintech in two sessions — in a proposal, not even a rule. 📉 The caps target the highest-take-rate channels digital brokers monetize: motor third-party goes to zero, first-year health to 15%. Distributors bear
Business & Markets
Animoca Brands & Currenc Group just paused their Nasdaq reverse merger 🏦 — the Web3 gaming giant is stuck because it lacks current audited financials (its FY2023 report came ~3 years late). Yet Animoca's stablecoin arm Anchorpoint quietly pressed ahead: HKDAP got one of only two HKMA stablecoin licences and
Business & Markets
AMC borrowing $3.97B to refinance debt—10x its quarterly free cash flow of ~$190M. 💸 The plan extends its 2029 maturity wall into 2031, but does nothing to reduce ~$7.0B in long-term debt or flip −10.6% profit margins positive. Equity holders fund the runway again while the
Business
~1,600 more Xbox roles cut this week—nearly 14% of Xbox staff—after Microsoft spent $76.5B buying Activision and ZeniMax. 🎮 CEO Asha Sharma's diagnosis: the business was "unhealthy" and the company "spread ourselves too thin." The math: Xbox hardware revenue is down
Business
📱 CMF's spin-off targets 100 million phones a year—roughly two-thirds of India's entire annual domestic market. The brand already grabbed over 42% of India's $100–$200 phone shipments in Q2 2025. Now it's betting on local ownership plus local engineering,
Business & Markets
NSE's IPO drew ₹90,300 crore in bids against a ₹22,562-crore issue—a 5.7x oversubscription, the 2nd-largest in Indian market history. 📈 Only ~5% of equity floats, so early price discovery may be thin. Professional money took most of it; retail stayed muted. Since Aug