Australian carrier Qantas sees higher first-half fuel costs for fiscal 2027

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• Neocloud IREN says $4 billion in annualized revenue being delayed due to customer request

  The adjustment comes as debt-reliant artificial intelligence firms face mounting scrutiny and steep market sell-offs across the sector. Despite the timeline shift, strong growth in computing demand helped the infrastructure provider beat quarterly expectations and narrow its net loss. Management remains committed to heavy capital deployment to fulfill its expanding contracted backlog.

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• Axon invests $1.2 billion more in drone maker Skydio, lowers annual revenue growth forecast

  Public safety technology provider Axon Enterprise is securing exclusive distribution rights across the United States and Canada through a major cash-and-stock commitment. The move deepens ties with autonomous robotics to modernize law enforcement, though immediate investor sentiment turned sharply negative amid reduced financial projections. Wall Street reacted swiftly to lower earnings benchmarks and trimmed expectations tied to delayed federal deployments.

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• Salon is shutting down after 31 years

  Facing an unsustainable economic model, the pioneering digital publication is ceasing editorial operations after three decades. Current owner Find.co, which acquired the site in 2023, is closing the magazine amid industrywide pressures tied to artificial intelligence tools and declining search referral traffic. The decision brings an end to one of the earliest trailblazers of independent online journalism.

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