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

Micron Shares Slide After Tim Cook Signals Push for More Memory Suppliers

Micron stock slid after Apple CEO Tim Cook signaled a push to diversify memory chip suppliers amid rising prices, unsettling investors betting on pricing p

Markets Read Warsh’s Fed as Dovish, but His Words Hint at Possible Rate Hike

A gap between how markets read Fed Chair Kevin Warsh and his own remarks raises fresh questions about the central bank's stance on interest rates and infla

Ferguson Enterprises Shares Surge on S&P 500 Inclusion, Edging Out Bigger Names

Ferguson Enterprises stock rallied more than 8% after the Virginia-based industrial distributor was named the newest addition to the S&P 500 index.

Jersey Mike’s Debuts on NYSE, Pricing $1 Billion IPO at $23 per Share

Jersey Mike's debuted on the New York Stock Exchange, pricing its IPO at $23 per share and raising roughly $1 billion as consumer-brand listings gain momen

Linde Shares Slide After Earnings, Prompting Debate Over Buying Opportunity

Linde shares fell sharply after quarterly earnings, one of the steepest drops in a year, prompting debate over whether the slide is a buying opportunity.

Short Sellers Target SpaceX as New Deal and Lockup Expiration Loom Ahead of Earnings

Short sellers are piling into SpaceX ahead of earnings and a share lockup expiration, even as a new mega deal draws market attention to the aerospace giant

Google Withdraws AI Imaging Tool in Google Earth Following Disinformation Fears

Google has withdrawn a new AI visualisation feature in Google Earth after researchers warned it could be used to create misleading satellite imagery.

Nuclear Giant Westinghouse Confidentially Files for US Initial Public Offering

Nuclear power leader Westinghouse Electric has confidentially filed for a US initial public offering amid surging demand for atomic energy.

Reddit Shares Plunge as Search Traffic Warnings Overshadow Strong Earnings Beat

Reddit stock fell about 21% in a record drop as warnings over volatile Google search referrals and soft US user growth overshadowed a strong earnings beat.

DexCom Shares Surge as Glucose Monitor Maker Posts 13% Revenue Growth in Second Quarter

DexCom shares jumped after the glucose monitor maker reported 13% second-quarter revenue growth and updated its full-year outlook.

Amazon Stock Surges Toward Best Day in Years as AWS Cloud Growth Accelerates

Amazon shares soared toward their best day in more than a decade as AWS cloud growth accelerated, driven by rising demand for AI infrastructure.

Coinbase Shares Slide After Third Straight Quarterly Miss on Revenue and Earnings

Coinbase stock fell after the crypto exchange missed Wall Street forecasts for revenue and earnings for a third consecutive quarter, despite a Bitcoin rall

Chime to Cut 10% of Workforce, Citing Efficiency Gains from Artificial Intelligence

Digital banking firm Chime plans to reduce its workforce by around 10%, citing efficiency gains from artificial intelligence, joining a wave of AI-driven j

Amazon Shares Surge on Strong Earnings While Apple Slides on Weak Forecast

Amazon shares jumped on strong cloud-driven earnings while Apple fell on a weak forecast, splitting sentiment across Wall Street's megacap tech sector.

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