SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors 
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend 
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth 
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
Rio Tinto Stock Jumps as Strong Earnings, Higher Dividend and AI Metal Demand Boost Outlook 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth 
Southwest Airlines reported a record loss of $3.5 billion in 2020, excluding special items, with the Covid-19 pandemic bringing airline traffic to a near halt.
Revenue for the year plunged $13.4 billion, or 60 percent to $9 billion for the year.
It was in 1972 when Southwest Airlines, then serving on Texas-only routes, last posted an annual loss. It has since grown to become the fourth-largest US airline.
The six largest US airlines, American, Delta, United, Southwest, JetBlue, and Alaska Air, lost $30.4 billion in last year, excluding special items, compared to a $13.8 billion combined profit in 2019.
The US government's $50 billion assistance for the airline industry approved in March did not help prevent the losses.
Analysts are forecasting losses full-year losses in 2021 for all major US carriers.
Although the Covid-19 vaccine could soon push demand for air travel, the earliest could be in the late summer or early fall.
