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Hollywood Films Chase Box-Office Records as Summer Ticket Sales Surge
“I don’t think any box-office record is out of reach,” including the possibility of Spider-Man becoming the first film to surpass $1 billion in domestic box-office revenue, said Paul Dergarabedian, head of marketplace trends at Comscore, formerly Rentrak.

By The Financial District
Aug 131 min read


Concert Ticket Prices Surge as Touring Costs Squeeze Artists
Fans are shelling out hundreds of dollars to see their favorite acts on tour this summer, from BTS to Noah Kahan. But how did live music become so expensive?

By The Financial District
Aug 131 min read


AMD Acquires Toronto AI Chip Startup Taalas to Boost Inference Technology
Advanced Micro Devices Inc. (AMD) has acquired Toronto-based AI chip startup Taalas as it expands its artificial intelligence portfolio beyond graphics processing units (GPUs).

By The Financial District
Aug 121 min read


Herb Simon Reportedly Sues Family of Late Nephew David Simon
Herb Simon, the billionaire co-founder of Simon Property Group and majority owner of the Indiana Pacers, is reportedly suing the family of his late nephew David Simon, alleging that relatives secretly shifted assets and dissolved a decades-old sister company without his permission.

By The Financial District
Aug 121 min read


New Mexico Judge Orders Meta to Pay $567 Million in Child-Safety Case
A New Mexico judge has ordered Meta to pay an additional $567 million (£421 million) for failing to adequately warn the public about dangers its platforms posed to children, marking one of the largest penalties against the company in a child-safety case.

By The Financial District
Aug 121 min read


DoorDash Forecasts Stronger Q3 Orders and Profit as Grocery Demand Grows
DoorDash said that it expects third-quarter gross order value and profit to exceed Wall Street estimates as demand for delivery services remains strong.

By The Financial District
Aug 121 min read


Bending Spoons to Acquire Airtable for $1.29 Billion, Well Below Its Peak Valuation
Bending Spoons, the former unicorn that has reported 95% year-over-year revenue growth, has agreed to acquire Airtable in an all-cash deal valuing the software company at $1.285 billion.

By The Financial District
Aug 121 min read


U.S. Lifts Sanctions on Iraq's Fly Baghdad Airline After Review
The United States has lifted sanctions targeting Iraq's Fly Baghdad airline, which Washington had previously designated over alleged links to Iran's Islamic Revolutionary Guard Corps (IRGC).

By The Financial District
Aug 121 min read


Google DeepMind CEO Demis Hassabis Steps Down to Focus on AI Science and AGI Strategy
Google DeepMind CEO Demis Hassabis is giving up the CEO title to become chairman and chief scientist of Alphabet.

By The Financial District
Aug 111 min read


Infantino Denies Report of World Cup Final Offer to Morocco in Reelection Bid
FIFA President Gianni Infantino is reportedly offering Morocco the right to host the 2030 World Cup final in exchange for support for his reelection, according to a report that FIFA has rejected as "false and misleading."

By The Financial District
Aug 111 min read


DDN's AI Data-Storage Business Surges as Demand for Computing Infrastructure Soars
Alex Bouzari's DataDirect Networks (DDN) has managed data storage for some of the world's fastest supercomputers since 1998.

By The Financial District
Aug 111 min read


Phillips 66 Emerges as Major Buyer of Venezuelan Crude Under U.S. Waivers
Phillips 66 has become one of the world's largest buyers of Venezuelan crude following waivers issued by the Trump administration that temporarily suspended certain restrictions affecting the company's ability to transport the oil.

By The Financial District
Aug 111 min read


SpaceX Reports Strong AI Growth but Heavy Spending Weighs on Shares
SpaceX (ticker: SPCX) is expanding its artificial intelligence business faster than expected, but the company is also spending aggressively to support that growth.

By The Financial District
Aug 111 min read


Cyberattacks Hit Water Systems in at Least 12 U.S. States, Officials Say
Cyberattacks on U.S. water systems that officials suspect may be linked to Iran-backed hackers have been reported in at least 12 states.

By The Financial District
Aug 111 min read


Miniso Emerges as Fastest-Growing U.S. Retailer, NRF Data Show
The fastest-growing retailer in the United States in 2025 was not Costco or Walmart but Chinese lifestyle retailer Miniso.

By The Financial District
Aug 111 min read


"Spider-Man: Brand New Day" Reportedly Surpasses "Toy Story 5" at Global Box Office
Spider-Man: Brand New Day reportedly surpassed Toy Story 5 to become the highest-grossing film of the year at the global box office, seven days after its release.

By The Financial District
Aug 111 min read


Etsy Cuts 12% of Workforce as Tech Industry Faces AI Spending Pressure
Etsy has laid off 220 employees, or about 12% of its workforce, primarily in product and engineering roles.

By The Financial District
Aug 111 min read


Philippine Gaming Revenue Falls 20% to ₱88.13 Billion in Q2
The Philippine gaming industry generated ₱88.13 billion in gross gaming revenue (GGR) during the second quarter of 2026, down 20.33% from the ₱110.63 billion recorded during the same period last year, according to the Philippine Amusement and Gaming Corp. (PAGCOR).

By The Financial District
Aug 112 min read


U.S. World Cup Host Cities Say FIFA Has Yet to Deliver Promised Payments
FIFA President Gianni Infantino promised $1 million to each city hosting the 2025 FIFA Club World Cup.

By The Financial District
Aug 101 min read


SpaceX Targets AT&T, Verizon and T-Mobile Customers with Expanded Starlink Mobile Service
SpaceX plans to transform Starlink Mobile into a full-fledged wireless carrier and expects to compete directly with AT&T, Verizon and T-Mobile.

By The Financial District
Aug 101 min read


Infantino Faces Mounting Pressure as FIFA Crisis Deepens
FIFA President Gianni Infantino is facing mounting pressure after FIFA Secretary General Mattias Grafström described the abandoned World Cup sell-off plans as a "sad and reproachable series of events" in an internal email to staff.

By The Financial District
Aug 101 min read


BP Profit More Than Doubles as Iran Conflict Drives Energy Prices Higher
British energy giant BP said that its net profit more than doubled during the second quarter of 2026 as the Iran conflict disrupted global oil and gas markets.

By The Financial District
Aug 101 min read


Trump Criticizes ExxonMobil, Chevron for Windfall Profits Amid Iran Conflict
President Donald Trump criticized the nation's two largest oil companies, accusing ExxonMobil and Chevron of earning excessive profits as crude oil prices remained elevated during the U.S. conflict with Iran.

By The Financial District
Aug 81 min read


AMD Shares Slide Despite Strong Revenue Forecast as AI Expectations Rise
Shares of Advanced Micro Devices (AMD) fell as the chipmaker's stronger-than-expected revenue forecast failed to satisfy investors seeking clearer evidence that the multibillion-dollar artificial intelligence spending boom will translate into faster earnings growth.

By The Financial District
Aug 71 min read
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