Business

Leverage Shows Signs Market Is Overbought on Borrowed Money, Says Unlimited Funds CEO

Bob Elliott, CEO and CIO at Unlimited Funds, discusses market FOMO in AI and chips which he sees as “classic bubble-type activity” and warns about the levels of leverage he sees across markets. (Source: Bloomberg)

Bangladesh gas supplies improve after LNG terminal restarts

Paramount-Warner Deal Cleared by UK Antitrust Watchdog

Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. won approval from the UK’s antitrust watchdog after regulators decided the proposed deal doesn’t raise any competition concerns in Britain.

WhatsApp Tests Age Confirmation in Largest Market India

Meta Platforms Inc.’s WhatsApp is testing a new feature that lets users in India add their date of birth, an update to the massively popular messaging service in its largest market.

Six Flags Shares Slide After Attendance, Revenue Miss Estimates

Six Flags Entertainment Corp. shares slumped after the company’s second-quarter revenue and attendance fell short of estimates.

Suncor Says Zebedee to Succeed Kruger as CEO Next April

Canadian oil sands firm Suncor Energy Inc. said Chief Executive Officer Rich Kruger will be stepping down next April and replaced by Peter Zebedee, and in a surprise move, its chief financial officer has left the company.

Peloton Gives Disappointing Outlook in Setback to Comeback Bid

Peloton Interactive Inc. forecast revenue for the fiscal 2027 year that came in below estimates, marking the latest setback for the fitness technology company.

Hedge funds forced out of tech stocks may leave the market at the mercy of retail traders

JPMorgan strategists say some big hedge fund groups took heavy hits from the July tech selloff, and they may be buying far less of those stocks going forward.

Versant lifts annual revenue forecast as digital growth offsets pay-TV weakness

Peloton delivers first annual net profit ever in 'landmark' financial year

Peloton delivered its first ever annual profit in fiscal 2026 but it's still working to generate sales growth as consumers pull back on big ticket purchases.

Scientists explain Arctic plankton's biological clock in darkness

The discovery changes the very understanding of high-latitude polar ecosystems structure and life in the subglacial ocean, experts say

World's biggest spirits maker pops 6% on $1 billion cost-cutting plan

Diageo, whose brands include Johnnie Walker scotch whisky, Captain Morgan rum and Guinness stout, said costs relating to the savings program will amount to $1.2 billion.