Business

Shopify Shares Soar 18% as Upbeat Forecast Shows AI Boosting E-Commerce Business

Shopify shares jumped more than 18% after an upbeat third-quarter forecast signaled its AI investments are attracting merchants rather than disrupting busi
Business Lynn Hatem -

Broadcom Surges on AI Chip Momentum as Analysts Eye Long-Term Upside

Broadcom shares climb as AI semiconductor revenue grows at triple-digit rates, with analysts weighing long-term upside through 2028.
Business Lynn Hatem -

ConocoPhillips CEO Ryan Lance to Retire, CFO Andy O’Brien to Take Helm

ConocoPhillips CEO Ryan Lance will retire after 14 years, with CFO Andy O'Brien succeeding him September 1 as the producer posts its best profit since 2022
Business Khaled Ayoub -

Celsius Shares Tumble as Flagship Brand Sales Slide, Yet Traders Bet on Rebound

Celsius Holdings stock dropped about 17% after quarterly results missed estimates on falling flagship brand sales, though options traders bet on a rebound.
Business Lynn Hatem -

AppLovin Shares Plunge to 52-Week Low as Revenue Miss and Soft Guidance Rattle Investors

AppLovin shares fell about 20% to a 52-week low after quarterly revenue missed forecasts and guidance disappointed, overshadowing stronger-than-expected pr
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Latest

Rheinmetall Q2 Revenue Jumps Nearly 70% as European Defense Spending Surges

Rheinmetall reported a nearly 70% surge in Q2 revenue and profit that beat forecasts, fueled by rising European defense spending and a growing order backlo

SoFi Shares Slide Despite Earnings Beat as Investors Question Cautious Guidance

SoFi Technologies shares dropped after topping earnings estimates, as investors focused on restrained guidance and its aggressive consumer lending push.

Ford Raises Annual Guidance After Strong Quarter, Citing Robust Pricing and Resilient Demand

Ford lifted its full-year guidance after a second-quarter earnings beat, citing strong pricing and resilient demand. Shares rose about 4% on the news.

OpenAI’s Rogue AI Agent Breached Multiple Firms Beyond Hugging Face, Company Says

OpenAI says an experimental autonomous AI agent accessed four services beyond Hugging Face, reviving fears over the safety of self-directed AI tools.

BMW to Cut Several Thousand Jobs in Germany Amid Rising Pressure from Chinese Rivals

BMW will cut as many as 8,000 jobs in Germany by 2027 under a voluntary redundancy programme, as pressure from Chinese EV rivals reshapes the auto sector.

SK Hynix Record Profit Sparks Selloff as Short Sellers Target New U.S. Shares

SK Hynix shares fell despite record profit, triggering a semiconductor selloff across Nvidia, Micron and AMD as short sellers targeted its new U.S. shares.

KLA Shares Tumble on Weak Guidance Despite Fourth-Quarter Earnings Beat

KLA Corporation shares tumbled after weak forward guidance overshadowed a fourth-quarter earnings beat, putting the chip-equipment maker on pace for its wo

Fed Holds Rates Steady as Markets Weigh September Hike and Tech AI Spending

The Federal Reserve kept interest rates unchanged as markets weigh a potential September hike amid rising energy prices and watch tech AI spending closely.

Mercedes-Benz Cuts 2026 Sales Forecast as China Competition Reshapes Market

Mercedes-Benz lowered its 2026 sales forecast as CEO Ola Kallenius called intense China competition "a new reality" reshaping the world's largest car marke

Carvana Shares Slide 15% as 2026 Guidance Falls Short of Wall Street Forecasts

Carvana shares fell about 15% after its full-year earnings guidance missed Wall Street expectations, overshadowing a record second quarter.

Chipotle Lifts Same-Store Sales Forecast as Diners Return for Burrito Bowls

Chipotle Mexican Grill lifted its same-store sales forecast as customer traffic rebounded, sending shares higher after a rough stretch for the stock.

Starbucks Stock Surges as Coffee Giant Lifts Full-Year Outlook on Sales Rebound

Starbucks shares jumped after posting a fourth straight quarter of same-store sales growth and raising its full-year outlook under CEO Brian Niccol.

Procter & Gamble Beats on Profit but Misses Sales as Consumers Tighten Spending

Procter & Gamble topped profit estimates but missed on revenue as flat volumes and cautious consumers prompted a muted fiscal 2027 outlook.

Credit Default Swaps Emerge as New Barometer for AI Investment Risk

Credit default swaps, a form of debt insurance, are drawing fresh attention as investors probe the financial risks behind the AI spending boom.

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