Apple Seeks Injunction to Block OpenAI From Using Alleged Trade Secrets as Silicon Valley AI Talent War Turns Legal
Apple seeks a court injunction to block OpenAI from using trade secrets stolen by three ex-Apple engineers now at OpenAI. OpenAI fires back publicly.
Home Depot Q2 FY2026 Earnings: Revenue Rises 5.7% to $47.9B, Best Comparable Sales Since 2022
Home Depot Q2 FY2026: $47.9B revenue (+5.7%), comp sales +1.7% — best since Q3 2022. Adj. EPS $4.92 beats $4.73 est. FY2026 guidance reaffirmed amid tariff uncertainty.
Alphabet (GOOGL): $514B Cloud Backlog Now Converting Slower
Alphabet's latest quarterly filing contains a sentence its earnings press release does not: the company expects to recognize just over 50% of its total remaining performance obligations as revenue within the next two years, down from approximately 55% a year earlier as the backlog grew nearly fivefold.
AI Hollows Out Tech Jobs: U.S. Information Sector Layoff Rate Hits 20-Year High as Oracle Leads the Wave
BLS JOLTS June 2026: Info-sector layoff rate hit 2.3%, highest sustained in 20 years. Oracle cut 21,000 citing AI; Microsoft cut 4,800 company-wide (~3,200 in Xbox).
Berkshire Hathaway Q2 2026: Greg Abel Ends 14-Quarter Selling Streak With USD 10B Alphabet Bet
Berkshire Q2 net income doubled to USD 25.7B; CEO Greg Abel ended 14 quarters of net selling with USD 19.8B in net equity purchases, including a USD 10B Alphabet stake.
Skyworks (SWKS) Q3 FY2026: Dividend Cut, USD 2B Buyback as Qorvo Merger Hits Final China Review
Skyworks Q3 FY2026 revenue beat guidance at USD 934.8M; dividend eliminated for a USD 2B buyback as Qorvo merger enters China SAMR final review stage.
AstraZeneca Explores $400B Bristol-Myers Squibb Mega-Merger: Antitrust, Oncology, and What It Means for Korean CDMOs
Bloomberg and the Financial Times report that AstraZeneca has held preliminary discussions about acquiring Bristol-Myers Squibb in a deal that could create a $400 billion pharmaceutical giant. The combination would face three-jurisdiction antitrust review, while Korean CDMO Samsung Biologics stands as a potential beneficiary of the enlarged pipeline.
Apple CEO John Ternus Takes Over September 1: What the Engineer Era Means for Korean Suppliers
Tim Cook hands Apple's CEO role to hardware engineer John Ternus on September 1. Here is what the leadership shift means for Samsung Display, SK Hynix, and LG Display.
SKHY Below IPO Price — SK Hynix Q2 Preview: Three Questions for Wednesday's ₩64T Earnings Call
SKHY trades at $143, 4% below its $149 IPO. Full Q2 results Wednesday July 29 (consensus OP ₩64.1T, +596% YoY). Three key questions for the conference call.
Disney's ABC Sues FCC Over 'Retaliatory Campaign' Against 8 Broadcast Licenses in First Amendment Case
Disney's ABC sued the FCC on Aug. 18 to halt early license renewal for eight stations, calling the order a 'retaliatory campaign' targeting content critical of Trump.
Salesforce, Microsoft Weigh Darwinbox Stakes at More Than 30 Times Revenue
The valuation reported for Darwinbox this week works out to more than 30 times the Hyderabad-based HR software maker's last disclosed annual revenue. When Sales
Berkshire's Q2 2026 13F: Alphabet Surges to Third-Largest Holding at $37B, Delta Air Lines Stake Up 44%
Berkshire's Q2 13F shows Abel nearly doubled Alphabet stake to $37B (#3 holding) and raised Delta Air Lines 44% to $5.4B as total portfolio hit $299B.