Business

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.

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

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.

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

FCC Scraps 39% Local TV Ownership Cap, Shifting to Case-by-Case Reviews

The FCC voted 2-1 to scrap the 39% national TV ownership cap in favor of case-by-case reviews, a move a dissenting commissioner called illegal.

SoftBank Jumps 10% as Strong Earnings and AI Rally Lift Asian Tech Stocks

SoftBank shares surged around 10% after strong quarterly earnings and a Wall Street AI rally lifted Asian technology stocks, including Samsung and SK Hynix

Paramount Skydance Lifts Profit Outlook, Stays Confident on Warner Bros. Merger

Paramount Skydance lifted its full-year profit guidance and reaffirmed confidence in its Warner Bros. Discovery merger as a judge set a March 2027 trial.

SpaceX Posts Revenue Surge in Debut Earnings on Strong Starlink Growth

SpaceX reported a sharp revenue rise in its debut quarterly earnings, driven by strong Starlink growth, after a turbulent post-IPO slump in its shares.

Leidos Raises Annual Forecasts on Robust Defense and Government Demand

Leidos Holdings has raised its full-year revenue and profit forecasts, citing sustained demand for defense, intelligence and government technology services

Shein Targets $30–40 Billion Valuation for August Hong Kong IPO

Shein is targeting a $30–40 billion valuation for an August Hong Kong IPO, a steep discount that has raised questions over whether the listing is necessary

Lucid Misses Second-Quarter Targets, Delays Affordable EVs to 2027 Amid Operational Reset

Lucid Group missed second-quarter expectations and pushed its affordable EV launch to late 2027 amid an operational reset targeting $1.4 billion in savings

Chipotle Pulls Jalapeños from Some Restaurants Amid US Salmonella Outbreak Probe

Chipotle has removed jalapeños from some US restaurants after identifying them as a possible source of a salmonella outbreak that has sickened about 100 pe

Anthropic Appoints Global Affairs Chief to Navigate Mounting Tensions with Trump Administration

Anthropic has appointed Mariano-Florentino Cuéllar as global affairs chief to ease tensions with the Trump administration over AI policy and regulation.

S&P 500 Hits Fresh Record as Analysts Eye 7,620 Level to Confirm Breakout

The S&P 500 returned to all-time highs, but analysts say a decisive close above 7,620 is needed to confirm a breakout amid mixed valuation signals.

Dow Hits Record as Bessent Signals Strait of Hormuz Deal Could Come This Week

U.S. stocks hit records and oil prices fell after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could come this week.

Pfizer Beats Profit Estimates, Targets $2.5 Billion in Fresh Cost Cuts

Pfizer topped quarterly profit forecasts and raised its 2026 guidance while targeting an additional $2.5 billion in cost reductions amid falling Covid sale

AMD Earnings Loom as Key Test for Chip Sector and Momentum Stocks Amid Price Divergence

AMD reports earnings Tuesday in a print seen as a bellwether for chips and momentum stocks, as investors weigh strong results against weak price action.

US Job Openings Slip to 7.4 Million as Labor Market Weathers Iran Conflict

U.S. job openings slipped to a three-month low of 7.36 million in June, but the labor market stayed resilient despite the energy shock from the Iran confli

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.

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