Roku reports 22% revenue growth and record quarterly profit
Roku reported second-quarter 2026 revenue of $1.35 billion and net income of $164.2 million, while withholding an outlook during its pending sale to Fox Corp.
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US Begins $100 Billion Tariff Refunds After Supreme Court Ruling
The Trump administration has begun refunding $100 billion in tariffs after the US Supreme Court struck down many of the sweeping levies in February.
Air India Appoints Former Ethiopian Airlines Chief Tewolde Gebremariam as CEO
Air India named former Ethiopian Airlines Group chief executive Tewolde Gebremariam as CEO and managing director on August 5, 2026, succeeding Campbell Wilson.
Eight Major Oil Producers Report $93 Billion in Quarterly Profit
Eight large oil producers posted nearly $93 billion in combined profit for the three months through June 2026 as the Iran conflict lifted crude prices and disrupted energy supplies.
Paramount quarterly profit falls as streaming gains fail to offset TV decline
Paramount Skydance reported lower second-quarter profit as growth in streaming and studio operations was outweighed by weaker advertising and subscriber trends in its television business.
Paramount-Warner Bros. Discovery Antitrust Trial Set for March 2027
A federal judge has set March 2027 for the start of an antitrust trial seeking to block the Paramount-Warner Bros. Discovery merger.
Twenty-Five US States Sue Over Tariffs on 60 Trading Partners
A coalition of 25 US states asked a federal trade court to block new tariffs of 10% to 12.5% and order refunds of duties already collected.
UK chancellor warns retailers against profiteering as Iran war lifts costs
Chancellor John Healey said ministers were monitoring food and fuel pricing as the Iran war adds to inflation pressures, while a new EY outlook warned that a prolonged Strait of Hormuz closure could push the UK economy into contraction in 2027.