Profit by knowlytics
Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
As artificial intelligence becomes central to how organisations operate, compete, and grow, businesses are increasingly looking for solutions that deliver measurable outcomes rather than technological promises. The ET Most Innovative AI Product Awards 2026 celebrate the AI products transforming industries through innovation, scalability, and real-world business impact.
A customer’s attempt to sell his BMW back to a dealership turned into a lesson in AI accountability when an artificial intelligence chatbot mistakenly negotiated a higher buy-back price than intended. After initially revoking the offer, the dealership ultimately honoured it following media scrutiny. The incident highlights growing questions around the legal and operational responsibilities…
Wendy’s shares experienced a dramatic surge, climbing nearly 29% as retail investors flocked to the struggling fast-food chain. This rally, reminiscent of the 2021 meme stock craze, saw the stock trending on platforms like Stocktwits and Reddit. The significant buying interest from individual traders comes as the company faces sluggish sales and activist pressure, with…
Major financial firms Barclays and Stifel have boosted their S&P 500 year-end targets to 7,800, signaling strong confidence in corporate profits and the U.S. stock market’s resilience. This optimism, fueled by AI advancements and improved investor sentiment, suggests further upside potential. While inflation and interest rate concerns linger, strategists see earnings growth and capital spending…
China is witnessing a massive surge in venture capital, pouring billions into futuristic sectors like space, quantum computing, and AI. This investment frenzy, driven by Beijing’s ambition to lead in technology and reduce reliance on foreign tech, sees even revenue-less startups attracting significant funding. Investor confidence is high, with new listing rules easing domestic market…
South Korea remains in the emerging-market category as MSCI cites persistent foreign exchange market accessibility issues. Despite ongoing reforms, including plans for round-the-clock trading, the index provider requires more time to assess their impact. While the country’s benchmark KOSPI has seen remarkable gains, driven by AI-related semiconductor stocks, its market accessibility hurdles continue to prevent…
Chip stocks surged on Wednesday, adding over $400 billion in market value, fueled by optimistic forecasts from Micron Technology and Qualcomm. Micron’s strong outlook for memory chips and Qualcomm’s ambitious data center growth targets reignited investor confidence in the AI trade. This positive sentiment boosted rivals and equipment suppliers, signaling a robust demand for AI-driven…
Asian markets saw a cautious rebound Wednesday after a significant tech-led global selloff, reigniting worries about the AI rally’s sustainability. South Korea’s Kospi surged, led by Samsung Electronics, following a steep decline. Investors now keenly await Micron Technology’s results for clues on AI infrastructure demand, with some strategists predicting further downside for the semiconductor sector….
Asian markets surged, mirroring US futures, as Micron Technology’s stellar sales forecast reignited AI trade confidence. The chipmaker’s shares jumped significantly after projecting robust future demand, easing concerns for regional bourses. This optimism, coupled with falling oil prices, provided much-needed relief. Investors are also watching the dollar’s strength and Treasury yields, which have seen notable…
Gold prices are facing a significant downturn, nearing a fourth consecutive weekly loss, as a robust US dollar and anticipated aggressive interest rate hikes by the Federal Reserve to combat inflation exert pressure. The precious metal has dipped below the $4,000 per ounce mark for the first time in years. Analysts predict this downward trend…