Latest business news and market updates
Descartes Systems Group (DSGX) reported record Q2 revenue of $201 million, up 12% year-over-year, driven by strong demand for its trade intelligence and logistics solutions. The company's strategic acquisitions are bolstering its growth, though integration risks remain. Analysts suggest a potential 30% stock increase.
A Standard Chartered analyst has set a price target for Sky Protocol's SKY token, predicting a 400% increase by 2028. The analyst draws parallels between Sky Protocol and a federal bank, highlighting its stablecoin issuance and governance structure.
US monthly inflation rose 0.4% in August, primarily due to a 3.9% jump in gasoline prices. This unexpected acceleration, coupled with rising energy costs and persistent shelter price increases, has significantly boosted market expectations for a Federal Reserve interest rate hike next week.
Apple's first foldable iPhone, the Duo, offers a massive 7.6-inch display but comes with significant trade-offs. Users sacrifice top-tier camera hardware, Face ID, the Action Button, and experience reduced battery life compared to the iPhone 18 Pro lineup, all at a premium price point starting at $1,999.
Apple has announced its latest iPhone 18 Pro, Pro Max, and the groundbreaking iPhone Duo foldable. Pre-orders for the Pro models start September 12, with the Duo following on October 16. Delivery times may extend past initial release dates.
Eleven Domino’s Pizza locations in Ohio, operated by franchisee Anthony Satterwhite, have abruptly closed. The closures, attributed to apparent financial struggles, have impacted local communities and raise questions about franchisee stability within the pizza giant.
A major technical failure in the UK's air traffic control system, operated by NATS, has been declared avoidable by the Transport Secretary. The incident caused over 2,000 flight cancellations, stranding passengers for days. An independent investigation has been launched, raising questions about NATS' system resilience and consumer redress.
Air traffic control provider NATS experienced a major system failure, cancelling over 1,300 flights and causing widespread disruption. CEO Martin Rolfe apologized, ruling out cyber-attack and emphasizing safety, while airlines and government call for accountability.
A major technical failure at NATS, the UK's air traffic control provider, caused widespread flight cancellations and delays on Tuesday, stranding hundreds of thousands of passengers. This marks the third significant disruption in three years, reigniting calls for NATS reform and leadership changes.