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Global Investing

Mag 7 sees worst day since tariff selloff as $797bn wiped off Big Tech amid AI spending fears

By
Bloomberg
4 min read
Big Tech's Magnificent 7 lost $797bn in a day, their worst selloff since April 2025, as Tesla fell 15% and Alphabet 7.1% on AI spending fears.
You sure you can handle this by yourself?
Global Investing

The rise of 'Me-conomics' and why solo diners are winning: Howard Chua-Eoan

By
Bloomberg
4 min read
The rise of solo living is reshaping restaurants, travel and consumer culture worldwide.
Dumisani Khumalo
Leadership

Matisonn: How the Arrest of Gen. Khumalo triggered Mkhwanazi’s July 6 bombshell claims

By
Editor BizNews
3 min read
Madlanga Commission scrutinises General Khumalo's arrest, exposing IDAC mandate concerns, conflicting testimony, and wider SAPS corruption allegations.
David Masondo, South Africa's deputy finance minister
SA Investing

PIC saga: Masondo walks, but the real fight is only starting

By
Alec Hogg
6 min read
Masondo resigns as PIC chair amid governance crisis, suspensions, investigations and mounting political pressure over R3.5 trillion assets.
Tesla electric vehicles (EV) at the company's store in Colma, California, US
Global Investing

Tesla's worst day in a year hands short sellers a $4.3bn payday

By
Bloomberg
3 min read
Tesla’s earnings miss sparks a major selloff, boosting short sellers while reigniting doubts over AI ambitions and future growth.
Amazon Leo will beat Starlink within a year, says Herotel CEO
Tech

Amazon Leo will beat Starlink within a year, says Herotel CEO

By
MyBroadBand
6 min read
Amazon Leo promises faster speeds, but Starlink’s massive satellite advantage remains a major hurdle
BizNews
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