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

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

Yen Hits Three-Month High After Rare Joint US-Japan Currency Intervention

The yen strengthened to ¥155 against the dollar after Washington and Tokyo confirmed a rare joint currency intervention, though analysts question its stayi

Shein Proposes Cash Payouts and Extra Shares for Late-Stage Investors Ahead of Hong Kong IPO

Shein is proposing cash payouts and extra shares to late-stage investors to bridge a valuation gap ahead of its planned Hong Kong IPO.

Oil Prices Plunge as Trump Halts Iran Strikes to Pursue Peace Talks

Brent crude fell 5% and European stocks rallied after President Trump called off planned strikes on Iran to pursue Middle East peace negotiations.

Microsoft Set to Report Earnings as Investors Focus on Azure Growth and AI Spending

Microsoft is set to report quarterly earnings after the bell, with investors focused on Azure cloud growth and its plans for AI capital expenditure.

Apple Warns UK App Store Proposal Amounts to Price Regulation

Apple has objected to proposed UK App Store remedies, arguing the measures amount to price regulation as regulators weigh new powers over the platform.

Caterpillar Shares Fall on Downgrade as Data Center Buildout Doubts Mount

Caterpillar shares dropped after a downgrade raised concerns its data-center-driven rally has outpaced fundamentals, with investor Michael Burry betting ag

Ford’s Big-Truck Bet Draws Fresh Wall Street Attention as Turnaround Takes Shape

Ford's focus on high-margin trucks and its Ford Pro commercial unit is drawing renewed Wall Street interest, signaling a possible turnaround for the automa

Robinhood Posts Record Quarterly Revenue as Market Volatility Fuels Trading Surge

Robinhood reported record quarterly revenue as market volatility fueled a trading surge, with prediction-market revenues climbing roughly tenfold.

Wall Street Analysts Turn Bullish on Dividend Stocks for Steady Passive Income

Top Wall Street analysts are recommending select dividend stocks as reliable passive-income plays amid a busy earnings season and fresh rating changes.

Amazon Posts Strong Q2 Profits as AWS Cloud Growth Accelerates to 18-Quarter High

Amazon reported net income of $62.65 billion and net sales of $200.6 billion in Q2, with AWS cloud revenue rising 37% amid strong AI demand.

Microsoft Rally Lifts Wall Street on Record Cloud Revenue, Offsetting Fed Jitters

Microsoft shares surged on a strong quarter and record cloud revenue, helping offset Fed uncertainty as Quanta and Huntington Ingalls also gained.

Intercontinental Exchange to Buy MarketAxess in $5.7 Billion Fixed-Income Deal

Intercontinental Exchange will acquire MarketAxess Holdings in a $5.7 billion deal to expand its fixed-income and electronic bond trading operations.

Bank of England Holds Interest Rate at 3.75%, Flags Upside Inflation Risk

The Bank of England kept its benchmark interest rate at 3.75%, in line with expectations, while flagging upside inflation risks and readiness to act.

EU Commits $11.4 Billion to Build Seven AI Gigafactories in Race With US, China

The EU is offering 10 billion euros to build seven AI gigafactories, aiming to close the computing gap with the US and China.

- A word from our sponsors -

spot_img

Follow us

HomeBusiness