Companies

Brad Lightcap Leaves OpenAI for New Venture Amid Executive Shakeup

OpenAI COO Brad Lightcap is departing to start his own company, extending a wave of senior executive exits at the AI lab.

Alpha Compute to Buy Pennsylvania Land for $55 Million Data Center Campus

Alpha Compute plans to acquire land and gas rights in Pennsylvania for a $55 million data center campus powered by on-site natural gas.

Sea Limited Shares Surge 9% as Revenue Climbs 48% and Shopee Outlook Strengthens

Sea Limited shares rose about 9% after quarterly revenue climbed 48% and the company delivered a stronger outlook for its Shopee e-commerce business.

US Existing Home Sales Fall 1.7% in July as Record Prices Deter Buyers

US existing home sales dropped 1.7% in July as record prices and the highest mortgage rates in a year kept many prospective buyers out of the market.

Barclays Downgrades Gap and Under Armour in U.S. Apparel Retailer Reshuffle

Barclays cut its ratings on Gap and Under Armour in a reshuffle of U.S. apparel retailers, citing limited upside amid uneven consumer demand.

New Jersey Sues Amazon, Alleging Antitrust Abuses Over Delivery Contractors

New Jersey has filed an antitrust suit against Amazon, alleging its third-party delivery model drives down driver wages and suppresses competition.

Trump Criticizes Exxon and Chevron for High Profits, Demands Lower Gasoline Prices

President Trump criticized Exxon Mobil and Chevron for profiting from high oil prices during the Iran conflict, demanding lower gasoline costs for consumer

Merck Lifts Revenue Outlook on Strong Drug Sales but Trims Profit Forecast

Merck lifted its revenue outlook on strong new drug sales but trimmed its profit forecast to absorb charges tied to its Terns Pharmaceuticals acquisition.

McDonald’s Sales Growth Slows as Budget-Conscious Diners Rein In Spending

McDonald's reported slower U.S. same-store sales growth as budget-conscious diners pulled back, with value deals failing to fully revive traffic.

Caterpillar Shares Surge on Record Revenue Driven by Data Center Demand

Caterpillar shares jumped after reporting record $20.5 billion in quarterly revenue, driven by strong demand from data center and energy infrastructure bui

Spotify Shares Slide as Profit Forecast Disappoints and User Growth Cools

Spotify shares fell after a weaker-than-expected profit forecast and slowing user growth in North America and Europe rattled investors.

McDonald’s Names Skye Anderson US President as Domestic Sales Growth Slows

McDonald's has named 26-year veteran Skye Anderson as president of its US business as domestic sales growth slows and Q2 profit beats estimates.

Robinhood Shares Rally After Earnings Beat Reinforces Growth Momentum

Robinhood Markets shares surged after quarterly earnings topped Wall Street expectations, reinforcing confidence in the trading platform's diversified grow

Snap Shares Jump 10% on Earnings Beat and Upbeat Sales Forecast

Snap stock surged about 10% after topping second-quarter earnings estimates and issuing an upbeat sales forecast, aided by World Cup advertising demand.

Palantir, Snap and On Semiconductor Lead After-Hours Stock Moves on Earnings

Palantir, Snap and On Semiconductor were among the biggest after-hours stock movers following the latest round of quarterly earnings reports.

FAA Certifies Boeing’s Smallest 737 Max Jet After Years of Delays

The FAA has approved Boeing's 737 Max 7 for production, clearing the smallest Max variant for service and sending Boeing shares up about 5%.

Curium Strikes Deal Worth Up to $8 Billion to Acquire Lantheus, Expanding Radiopharma Reach

Curium has agreed to acquire Lantheus in a transaction valued at up to $8 billion, expanding its reach in the fast-growing radiopharmaceutical sector.

UBS Fined Over $150 Million by US Regulators for Anti-Money Laundering Failures

US regulators have fined UBS more than $150 million over anti-money laundering failures, adding to compliance pressures as the bank integrates Credit Suiss

Robinhood Plans NYSE Listing for Ventures Fund II, Targeting $200 Million IPO

Robinhood plans to list its early-stage venture fund RVII on the NYSE in a deal targeting about $200 million, opening private-market exposure to retail inv

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