Amazon hikes 2026 capex to $220 billion due to higher memory costs

Amazon reported surging cloud growth during the second quarter, pointing to strong artificial intelligence demand, and the company boosted its capital spending forecast for the year. The stock shot up…

Apple to report Q3 earnings following price hikes on Macs, iPads

Apple’s (AAPL) third quarter earnings are on deck Thursday, setting up a potential reprieve from the week’s chip and AI stock sell-off. Shares of the iPhone maker have benefited from…

Abu Dhabi Freezes Rent Hikes Amid Iran War, Big Relief for Indian Expats

New Delhi: For thousands of Indian families living in Abu Dhabi, renewing a rental contract may no longer come with the annual fear of a higher bill. In a major…