Earnings season is separating narrative from execution. Palantir is turning U.S. government demand and enterprise software growth into record results, AMD is proving that AI infrastructure spending is still flowing hard into semiconductors, Supermicro is trying to prove it can become a full-stack data center provider even with legal noise around it, and Chevron is showing that higher oil prices do not automatically translate into higher profits when war, timing effects, and s

Artificial intelligence is no longer just a product race; it is now showing up in spending ratios, layoffs, compute contracts, and bank balance sheets. Apple is putting more than 10% of revenue into R&D for the first time in at least 30 years, Coinbase is trimming 700 jobs to run leaner in the AI era, Anthropic has secured all of SpaceX’s Colossus 1 compute and is even thinking about space-based data centers, and Access Holdings is being forced to reduce its foreign stakes af

Dario Amodei is sounding the alarm, warning that entire SaaS companies could “go bust” if they fail to evolve in an AI-first world. Closer to home, Nigeria’s state oil giant NNPC is showing early signs of reform-driven progress, with revenue worth billions. Meanwhile, Samsung Electronics has crossed the $1 trillion valuation mark. On the political front, tensions are rising as Nigerian Lawmakers calls for the revocation of licence for MTN Group and MultiChoice Group, followin

Amazon is turning its own supply chain into a standalone service and going after UPS and FedEx, GameStop is trying to remake itself with a $56 billion eBay bid, Nvidia says its China business has effectively fallen to zero under export restrictions, and Apple is quietly exploring chipmaking options with Intel and Samsung to reduce its dependence on TSMC. The common theme is control over logistics, marketplaces, semiconductors, and the supply chains that sit underneath the mod

The U.S. has crossed a historic threshold with national debt now larger than its entire economy. At the same time, Spirit Airlines is shutting down operations entirely, marking a rare collapse in the modern aviation industry and leaving thousands stranded. In corporate America, Tesla is back in the spotlight with a staggering $158 billion compensation figure tied to Elon Musk. Meanwhile, lawmakers are moving to regulate themselves, with the U.S. Senate banning trading on pred

Welcome to Read It And Eat Earnings as you might know we are in the middle of earnings season and got today’s newsletter we are talking earnings both in America and Nigeria. Earnings season is doing what AI hype alone couldn’t, separating momentum from real performance. Apple is leading the charge with a $111 billion quarter powered by iPhone demand and services growth, while Qualcomm is hinting at deeper moves into AI infrastructure through hyperscale deals. Over in Asia, Sa

This round of headlines is really one story told four ways: AI is now showing up in earnings, spending plans, valuation, and investor anxiety. Alphabet delivered the clearest proof yet that AI and cloud are translating into real profit, with revenue up 22% to about $110 billion and net income up 81% to $62.6 billion, while Waymo crossed 500,000 fully autonomous rides per week. At the same time, the biggest hyperscalers are headed toward roughly $725 billion of combined AI cap

The AI trade is starting to wobble, just as it gets even bigger. OpenAI missing key growth targets has rattled chip stocks and cast a shadow over upcoming Big Tech earnings, raising fresh doubts about the pace of the AI boom. At the same time, the OPEC is facing a major shake-up as the United Arab Emirates exits the bloc, threatening oil market stability. In the U.S., Kevin O'Leary is betting big on the future with plans for a massive AI-powered data center campus, while in p

The latest headlines show four very different versions of power at work: AI capability, Chinese regulatory control, industrial earnings, and the corporate rules shaping the OpenAI-Microsoft alliance. DeepSeek’s new V4 model is cheaper and more mature, but still not enough to erase the U.S. lead in frontier AI; China has blocked Meta’s $2 billion Manus takeover; China’s industrial profits are rising even as the Iran war adds pressure to the economy; and OpenAI and Microsoft ha

Markets are rallying, companies are staging comebacks, and geopolitical tensions are quietly reshaping the global landscape. Nigeria’s equities market is in the spotlight after a historic ₦5.51 trillion weekly gain on the Nigerian Exchange, signaling renewed investor confidence. In the U.S., Intel is pulling off a remarkable turnaround, with its stock surging to record highs on the back of AI momentum and strong earnings. But it’s not all market optimism, security concerns ha

Markets and policy are colliding across four very different fronts: a U.S. soldier has been charged after allegedly using classified information to profit from a Polymarket bet on Nicolás Maduro’s capture, the Trump administration has moved to loosen rules on medical marijuana by shifting it into a less restrictive category, a Trump envoy has reportedly floated the idea of replacing Iran with Italy at the World Cup, and Warner Bros. Discovery shareholders have approved a mass

Venture Capital (VC) News VAST Data raised a $1B Series F led by Nvidia Bloomberg Polymarket raised a $400M Series D led by Intercontinental Exchange (ICE) Tech Funding News Ray Therapeutics raised a $125M Series B led by Janus Henderson Investors VC News Daily Amperos Health raised a $16M Series A led by Bessemer Venture Partners VC News Daily Tava Health raised a $40M Series C led by Centana Growth Partners VC News Daily Blue Energy raises $380M led by VXI Capital

From fintech speculation to media shakeups and sweeping public health policy, today’s headlines cut across business, culture, and regulation. Flutterwave is pushing back against reports of a $75 million Nigerian government investment, casting doubt on renewed IPO chatter. In the UK, Boots is quietly preparing for a potential 2027 listing as owners explore a strategic overhaul. Meanwhile, in a bizarre but symbolic media twist, The Onion is moving to acquire Infowars, potential

Today’s mix is a reminder that the market story is still being written by a handful of huge forces: a historic leadership handoff at Apple , the T rump administration starting the process of refunding tariff money back to importers , Associated British Foods confirming a long-awaited Primark spin-off , and Micron becoming the single biggest driver of S&P 500 earnings revisions since the Iran war began. It is a headline set that says a lot about where value is being cre

It’s a mix of milestones, market reforms, and rapid tech evolution shaping today’s headlines. We’re starting on a high note as Read It And Eat earns “Best Business Newsletter 2026” at the UK Enterprise Awards , marking a major moment for the platform. Back home, the Nigerian Exchange Limited is expanding trading hours to boost liquidity and global competitiveness following its frontier market reclassification. In AI, Anthropic rolls out Claude Opus 4.7 , balancing perform

From weakening consumer demand to rising AI power plays and a looming energy crunch, markets are navigating a mix of structural shifts and emerging risks. Tesla is facing fresh scrutiny as Cybertruck sales appear increasingly dependent on purchases from SpaceX and other Elon Musk-linked ventures . Meanwhile, Anthropic is doubling down on its global ambitions with a major London expansion , just as tensions rise with partners like Figma amid plans for competing AI tool

Today’s headlines capture a market and business landscape that keeps reinventing itself in real time. Allbirds is attempting one of the wildest pivots of the year, turning a sneaker brand into an AI story and sending its stock into orbit , while Live Nation and Ticketmaster have just been found by a jury to have operated as a monopoly , raising fresh questions about pricing power and competition . At the same time, the S&P 500 has crossed 7,000 for the first time ever ,

Markets, megadeals, and Big Tech rivalries are all hitting new highs, and new tensions. Nigeria’s equities market just saw a historic first as Seplat Energy breaks the ₦10,000 per share barrier, signaling strong investor momentum. In the AI race, the competition is turning more aggressive, with OpenAI taking aim at Anthropic over revenue claims as both edge toward potential IPOs. Meanwhile, consolidation talk is back on the table in aviation, as United Airlines explores a po

Today’s headlines show how quickly markets can swing when geopolitics, index flows, corporate collapse, and AI valuations collide. Goldman Sachs turned Middle East volatility into a record trading quarter , Sandisk got another lift from analyst support and a Nasdaq-100 boost , China Evergrande’s founder is now pleading guilty in Shenzhen, and OpenAI is facing fresh questions over whether its $852 billion valuation still matches the company’s changing strategy. From Wall

Venture Capital (VC) News Aria Networks Snares $125M Funding led by Westwave Capital VC News Daily Remission Medical Pulls in Series A Financing led by Blue Heron Capital VC News Daily Citra Space Announces $15M Series A led by Washington Harbour Partners VC News Daily Modus Scores $85M in Seed & Series A Funding led by Lightspeed Venture Partners , with participation from Comma Capital and Garry Tan VC News Daily Quiver Bioscience Receives Str