BusinessMarkets

Wall Street Rally Continues on Trade Optimism and Strong Apple Performance

The S&P 500 has climbed for a second consecutive session as signs of easing US-China trade tensions boost investor confidence. Apple Inc. nears record territory as analysts point to strengthening iPhone demand trends.

Market Rally Extends Amid Trade Optimism

US equities continued their upward trajectory for the second straight session, with the S&P 500 Index posting gains as reports suggest easing trade tensions between Washington and Beijing. According to sources familiar with the matter, the improved sentiment stems from renewed diplomatic efforts and better-than-expected corporate earnings performance across multiple sectors.

CloudTechnology

Major AWS DNS Disruption Cripples Internet Services Across Multiple Sectors

A significant Amazon Web Services outage triggered by DNS system failures has brought down numerous popular internet platforms. The disruption has impacted services ranging from social media and gaming to banking institutions, highlighting AWS’s critical role as internet infrastructure.

Widespread Internet Disruption Traced to AWS DNS Failure

A major outage at Amazon Web Services has caused significant disruption across the internet, affecting thousands of companies and millions of users worldwide, according to reports. The outage, described by industry observers as particularly severe, impacted diverse services including social media platforms, financial institutions, and popular online games.

AcquisitionsBusiness

Supreme Expands Wellness Portfolio with £20.1 Million SlimFast Acquisition in UK and Europe

British consumer goods firm Supreme has purchased SlimFast’s UK and European business in a £20.1 million deal. The acquisition comes as the meal replacement brand faces increasing pressure from pharmaceutical weight loss solutions. Supreme plans to integrate SlimFast into its expanding drinks and wellness division.

Major Acquisition in Weight Management Sector

British consumer goods company Supreme has reportedly acquired SlimFast’s UK and European operations in a £20.1 million deal, according to recent reports. The Manchester-based firm, which rescued Typhoo tea from administration last year, continues to diversify its portfolio with this strategic move into the weight management market. Sources indicate this acquisition positions Supreme to compete in a sector projected to reach £1.5 billion by 2027 despite growing competition from pharmaceutical weight loss solutions.