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
Business Khaled Ayoub -
Latest

Seagate Beats Estimates and Lifts Outlook on Surging AI Storage Demand

Seagate topped June-quarter estimates and issued an upbeat forecast on surging AI-driven storage demand, lifting shares after hours.

Royal Caribbean Raises Profit Forecast on Strong Demand Despite Middle East Booking Softness

Royal Caribbean lifted its full-year earnings outlook on robust cruise demand, despite a modest booking hit from Middle East geopolitical tensions.

Apple Becomes Second Company to Reach $5 Trillion as Investors Retreat from AI Stocks

Apple became the second company to touch a $5 trillion valuation as investors rotated out of AI and semiconductor stocks amid a broader tech sell-off.

Chobani Must Face Class-Action Lawsuit Over Zero-Sugar Yogurt Labeling, Appeals Court Rules

A U.S. appeals court has revived a class-action lawsuit against Chobani over allegations that its zero-sugar yogurt labeling misleads consumers.

US Plans to Ban New Chinese Robots and Power Inverters, Citing AI Security Risks

The Trump administration plans to ban imports of advanced Chinese robots and power inverters, citing national security risks to the U.S. AI buildout.

Chip Stocks Head for One of Their Worst Months Ever as Broader Market Holds Steady

Semiconductor stocks are posting one of their steepest monthly declines on record, echoing the dot-com era, even as the broader market holds steady.

Chip Stocks Extend Selloff Amid AI Financing Doubts and China Competition Fears

Semiconductor shares fell for a second session as investors weighed AI financing costs and rising competition from Chinese chipmakers.

ASML Retains Chipmaking Edge Despite China’s Domestic Tool Push, Analysts Say

ASML remains insulated from China's domestic chipmaking tool drive despite US-China tensions, analysts say, as investors reassess recent share weakness.

NextChange Enters the Crowded Crypto Exchange Market With an Ambitious Trading and Payments Strategy

The emerging digital-asset platform is combining cryptocurrency trading, fiat services and a global payment card as it seeks to compete in an industry dominated by established exchanges.

FAA Proposes Seat Inspections on Hundreds of Boeing 737 MAX Jets Over Installation Flaw

The FAA has proposed inspections of 453 Boeing 737 MAX aircraft after finding improperly installed seats, adding to ongoing safety scrutiny of the model.

Hilton Raises Annual Revenue Forecast on Strong Luxury Hotel Demand

Hilton has raised its full-year revenue forecast, citing strong demand for luxury accommodations and rising hotel room rates across its global portfolio.

Boeing Reports Wider Second-Quarter Loss as Air Force One Charge Weighs on Results

Boeing reported a larger-than-expected second-quarter loss after taking a $280 million charge on its delayed Air Force One presidential aircraft program.

UPS Stock Rallies After Earnings Beat, Raised Outlook as Amazon Cuts Wind Down

UPS shares jumped after quarterly earnings beat estimates and the company raised its full-year revenue outlook as Amazon volume cuts and layoffs wound down

Cadence, Welltower Among Stocks Posting Biggest After-Hours Moves on Earnings

Cadence Design Systems, Welltower and Rambus were among the biggest movers in extended U.S. trading following fresh quarterly earnings reports.

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