Oil prices surged on Wednesday following reports that Israel may be preparing for a military strike on Iranian nuclear facilities, according to new U.S. intelligence cited by CNN. The news sent Brent crude above $66 per barrel, while West Texas Intermediate (WTI) rose as much as 3.5% before easing slightly. The potential for conflict has reignited concerns over stability in the Middle East, a region that supplies roughly...

Deere & Company announced impressive second-quarter earnings on Monday, exceeding market expectations despite lowering the lower end of its full-year net income forecast due to challenging market conditions. Following the announcement, the agricultural equipment maker’s stock saw a modest 1% increase. Despite a 21% year-over-year decline in sales within its Production & Precision Agriculture segment, Deere maintained robust operating margins across its key divisions. John May, chairman and...

Meta Platforms, a global technology company, is facing potential legal action from Austrian advocacy group NOYB over its plan to use European users’ personal data to train its AI models. NOYB, led by privacy activist Max Schrems, has announced its intention to seek an injunction against Meta, arguing that the company’s approach could lead to substantial claims if it proceeds with its data collection strategy. Meta plans to...

Ryanair, Europe’s largest low cost airline, has reported a 16% decline in annual profits, attributing the drop to a 7% decrease in ticket prices despite a 9% increase in passenger traffic, reaching a record 200 million passengers. The airline’s revenue grew 4% to €13.95 billion, but the company remains cautious about providing financial guidance for the upcoming year due to geopolitical risks, macroeconomic uncertainties, and potential tariff wars....

Coinbase’s stock experienced a significant drop of over 8% following two major developments that raised concerns about the company’s security and regulatory compliance. The US based cryptocurrency exchange revealed that cyber attackers had stolen sensitive customer data and demanded a $20 million ransom. Instead of paying the ransom, Coinbase CEO Brian Armstrong announced a $20 million bounty for information leading to the attackers’ arrest. The breach affected less...