The Strategist

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Companies & CEOs

Nvidia's quarterly profit doubles compared to last year

Nvidia's quarterly profit doubles compared to last year
In its quarterly results, the American firm Nvidia reported a net profit that more than doubled from the previous year, hitting $59.69 billion. According to The New York Times, revenue also increased twofold, hitting $96.22 billion. Only three years...

Smart ring maker Oura plans to raise up to $3 billion in US IPO

Smart ring maker Oura plans to raise up to $3 billion in US IPO
Oura Health, a smart ring manufacturer, along with some of its investors, aims to secure up to $3 billion in an initial public offering (IPO) in the United States, according to Bloomberg, referencing sources close to the conversations. Sources from...

Nvidia is discussing investment in AI startup Perplexity

Nvidia is discussing investment in AI startup Perplexity
Nvidia is negotiating to invest in the AI startup Perplexity during a funding round, according to The Information, which cites sources close to the discussions. The report indicates that Perplexity's valuation after this funding round may surpass...

SpaceX attempts to acquire Cognition AI startup

SpaceX attempts to acquire Cognition AI startup
Elon Musk's SpaceX has approached artificial intelligence startup Cognition AI with a potential acquisition offer, sources familiar with the matter told Bloomberg. According to one source, Cognition was not considering an acquisition offer. The...
Markets & Industries

Revolut launches Euro-pegged stablecoin

Revolut launches Euro-pegged stablecoin
British fintech company Revolut has introduced the euro-pegged stablecoin EURR, according to a statement from the company cited by Bloomberg. EURR is issued by Bridge, a division of the US-based company Stripe. Bridge will additionally own and...

US banks increase net profit 28.7% year-over-year in Q2

US banks increase net profit 28.7% year-over-year in Q2
According to a report by the Federal Deposit Insurance Corporation (FDIC), the total net profit for US banks in the second quarter of 2026 rose 28.7% compared to the previous year, reaching $90.1 billion. The computations involved information from...

London's review of zero-emission vehicle requirements will support palladium demand

London's review of zero-emission vehicle requirements will support palladium demand
A report from Heraeus, a precious metals technology group, suggests that the UK's evaluation of zero-emission vehicle (ZEV) standards might enhance palladium demand by allowing manufacturers more leeway in the rate of electric vehicle (EV)...

IGC lowers 2026/27 global grain crop forecast due to heat waves in Europe

IGC lowers 2026/27 global grain crop forecast due to heat waves in Europe
Owing to prolonged high temperatures in Europe, the International Grains Council (IGC) has revised its estimate for the worldwide wheat yield in the 2026/27 crop year down by 4 million tonnes to 817 million tonnes. "The extended heat has worsened...
In-depth coverage

European Tech Sovereignty: Europe Enters the Era of Exascale with the Inauguration of the Jupiter Supercomputer

Europe has taken a giant leap in technological development and supercomputing sovereignty with the launch of its first exascale computer in Germany. JUPITER, built using American chips but set to develop further with the integration of European microprocessors in 2026, is capable of performing over one quintillion (10¹⁸) operations per second, immediately cementing its place as Europe’s mos...
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World & Politics

Current Ebola epidemic could become largest in history

Current Ebola epidemic could become largest in history
The Ebola outbreak in the Democratic Republic of Congo has the potential to be the biggest ever recorded, as reported by The Washington Post. As of May 15, 5,600 individuals have contracted the virus, with 2,700 fatalities reported. According to the...

Singapore to provide families with $55,000 per child to boost birth rate

Singapore to provide families with $55,000 per child to boost birth rate
Singapore has introduced a series of initiatives designed to motivate families to increase their number of children, providing parents with more than $55,000 for each child. The city-state faces a decreasing birth rate, rendering it one of the...

Asia reassesses its defense approaches following Trump's North Korea decisions

Asia reassesses its defense approaches following Trump's North Korea decisions
The strategy of the Donald Trump administration regarding South Korea has prompted the US's Asian partners to reconsider how much they depend on Washington for security, Politico states, referencing diplomatic sources in the area. This week, the US...

Greek bulk carrier attacked in the Black Sea

Greek bulk carrier attacked in the Black Sea
A Greek bulk carrier (a specialized ship designed for transporting bulk cargo like coal or grain) ignited in the Black Sea after being struck by a drone, sources affiliated with the vessel's owner informed Reuters. This marks the second occurrence...
Management & Strategy

Ackman to donate 10 million Pershing Square shares to Brain Institute

Ackman to donate 10 million Pershing Square shares to Brain Institute
Billionaire Bill Ackman and his spouse, Neri Oxman, plan to give 10 million shares of the hedge fund Pershing Square to support the brain research center he established in New York, according to Bloomberg, referencing a social media update from...

The Porsche family demands swift restructuring of Volkswagen

The Porsche family demands swift restructuring of Volkswagen
Porsche Automobil Holding (Porsche SE), the holding company overseen by the Porsche family and owning 53% of the voting shares in the Volkswagen Group (VW), has insisted that the automaker implement a prompt restructuring. Porsche SE CEO Hans Dieter...

Intel plans job cuts in data center division

Intel plans job cuts in data center division
Intel Corp., a top manufacturer of computer components globally, is reportedly planning another wave of layoffs, according to CNBC, referencing a company representative. Intel has reduced around 5,000 jobs in the U.S., mainly in California and...

British authorities will oblige banks to train employees in AI

British authorities will oblige banks to train employees in AI
The UK Treasury is developing a "skills compact" that will mandate the top banks in the country to reskill their workforce to handle the "artificial intelligence revolution." The Guardian reports that new guidelines from the Treasury might be...