Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations 
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
Fiat Chrysler Automobiles NV must be so proud of itself after seeing shares of its iconic brand, Ferrari NV, soar past expectations in its first day of training today.
Bloomberg said that Ferrari climbed as high as 17 percent at USD60.97 per share. Moreover, the car company reportedly made the stock attractive to users as it limited the percentage stake offered in the initial public offering, which is no more than 10 percent.
Detroit News said the Ferrari spinoff was a move by Fiat Chrysler to bolster funds to finance its ambitious five-year growth plan. On the first day of trading, Fiat Chrysler pull all the stops by creating a row of over a half-dozen Ferraris on Wall Street. Aside from the banners and the Italian flags, the company played the sound of cars revving at the exchange.
The total windfall Fiat Chrysler, including IPO proceeds and some EUR2.8 billion to be transferred to them thanks to the spin-off, was calculated at around USD4.2 billion, Reuters said.
