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Microsoft, Amazon, Nvidia and Alphabet lead tech stock surge to two-month high

Tech stocks on Wall Street defied sticky inflation Friday to post their biggest gain in more than two months—easing market anxiety about a slowdown in economic activities—after blockbuster first-quarter earnings and continued betting on artificial intelligence fired up the valuations of major companies.

  • By Segun Olakoyenikan

Paramount may oust CEO Bob Bakish—Here’s what we know

Reports of Bakish’s potential ousting come ahead of Paramount Global’s first-quarter earnings call slated for Monday—which he’s not expected to be on.

  • By Cailey Gleeson

Atlassian co-founder Scott Farquhar steps down as co-CEO

The fifth richest man in Australia is taking leave from the company he co-founded in 2002. Scott Farquhar announced his last day as Atlassian co-CEO will be August 31. The NASDAQ-traded company is valued at $78 billion.

  • By Shivaune Field, Journalist
  • Business Journalist

Google soars toward record $2 trillion valuation on blockbuster earnings

Q1 was the company’s best-ever quarterly profit thanks to whopping 62% year-over-year growth.

  • By Derek Saul
  • Forbes Staff

Mark Zuckerberg’s net worth drops over $22 billion as Meta stock slides

Zuckerberg’s net worth drop comes a day after Meta held its first-quarter earnings call, which heavily focused on AI.

  • By Cailey Gleeson

Mining giant BHP Group makes nearly $40 billion bid for rival Anglo American

If the deal goes through, the merged entity will be the world’s biggest copper producer accounting for around 10% of global output.

  • By Siladitya Ray
  • Forbes Staff

‘Unconstitutional’: TikTok vows to fight potential ban in court after Biden signs controversial law

TikTok said it would challenge the potential ban in court moments after President Joe Biden signed a law requiring its China-based parent company to sell it within nine months.

  • By Sara Dorn
  • Forbes Staff

Why David Beckham is suing Mark Wahlberg’s F45 for US$14 million

In a civil complaint, Beckham claimed he lost over $14 million after F45’s stock price dropped rapidly and was delisted.

  • By Zachary Folk

It upped the SA economy by $65 million last year. Now, LIV Golf is back for round 2

LIV golf is hitting up Adelaide for the second year, on the back of a hugely successful tournament in 2023. In 2024, a $39-million purse on the line. Here is everything you need to know about Australia’s newest golf tournament.

  • By Shivaune Field, Journalist
  • Business Journalist

Patients fare better with women doctors, study finds

Patients treated by female doctors fare better than patients treated by male doctors, according to new research published Monday, despite the field struggling to improve female representation in research and among practitioners.

  • By Robert Hart
  • Forbes Staff
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