By Johann M Cherian and Ragini Mathur July 29 (Reuters) - S&P 500 and Nasdaq futures inched higher on Wednesday as investors awaited the Federal Reserve's monetary policy verdict against a backdrop of
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Ford Motor (F) shares rose early Wednesday after the automaker lifted its full-year core profit outl
Amazon is expected to report year-over-year AWS revenue growth of 31%-33%, but I think it could be even higher.
Biogen (BIIB) delivered earnings and revenue surprises of +18.42% and +9.40%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
The fintech's membership surged 35% to 15.8 million and total loan originations hit a record $14.8 billion in the second quarter
Fourth-quarter profit fell to $3.04 billion, driven by higher selling, general and administrative costs, which more than offset a slight uptick in sales.
July 29 (Reuters) - Medical device maker Boston Scientific on Wednesday lowered its annual profit forecast, citing pressure on its Watchman heart device business.
July 29 (Reuters) - Marvell Technology will invest $250 million in India over the next three years to expand its technology, talent and infrastructure capabilities, the firm said on Wednesday.
Better-than-expected sales helped Biogen regain the support of investors, while AstraZeneca and GSK worked to convince Wall Street that they can hit ambitious revenue targets.
Wall Street futures were mostly higher pre-bell Wednesday as the global tech sector sell-off paused,
📣 “So far, I think that all the work around AI has net created a lot of jobs because there’s all this infrastructure that needs to get created...So that concern hasn’t exactly played out the way that people feared it might.
July 29 (Reuters) - General Dynamics on Wednesday posted a rise in second- quarter profit, driven by continued strength in its aerospace and marine segments.
(Bloomberg) -- After UBS Group AG reported that its equities traders reeled in 53% more revenue than a year ago, hitting over $2.3 billion two quarters in a row, Stefan Stalmann, an analyst at Autonomous Research, praised it with a caveat.Most Read from BloombergUS Intercepts Iran Attack on Bases, Puncturing Days of CalmSK Hynix Profit Disappoints, Spending Soars to $31 BillionNvidia’s $750 Billion in Deals Reignite Circular AI FearsApple Set to Make Big Smart Home Push With Siri AI at CenterChi
KeyBanc expects Reddit’s investments in community engagement and advertising monetization to create a durable business capable of generating annual revenue growth above 30%.
Fintech SoFi raised its 2026 revenue growth forecast above Wall Street expectations on Wednesday after posting a market-beating second quarter, driven by record member growth and loan originations. Despite an uncertain macroeconomic environment, elevated interest rates and high costs of living, credit quality has been stable thanks to resilient borrowers, allowing consumer lenders to continue growing their loan books and interest income. Fintech firms such as SoFi have emerged as credible challengers to traditional banking heavyweights.
By Amanda Cooper July 29 (Reuters) - Shares in companies driving the AI boom have been under pressure for weeks.
United Microelectronics (NYSE:UMC) reported higher second-quarter revenue, wafer shipments and utilization as demand strengthened in communications and consumer applications, while the company raised its 2026 capital-expenditure budget to support silicon photonics and advanced-packaging growth initi
(Bloomberg) -- NextEra Energy Inc., the largest US power utility, is teaming up with Brookfield on a more than $100 billion transformation of a shuttered Cold War uranium-enrichment facility in Kentucky into a data center campus with a generating plant.Most Read from BloombergUS Intercepts Iran Attack on Bases, Puncturing Days of CalmSK Hynix Profit Disappoints, Spending Soars to $31 BillionNvidia’s $750 Billion in Deals Reignite Circular AI FearsApple Set to Make Big Smart Home Push With Siri A
The largest IPO of all time has cooled off. Here's what investors need to know.
If stock prices are your go-to economic barometer then you could be forgiven for ignoring the original “China Shock” a quarter-century ago. Manufacturing job losses in machinery, textiles, electronics and furniture slammed parts of the U.S. after China joined the World Trade Organization in 2001. There’s even a strong case that China’s industrial rise was a major tailwind for stocks overall.
KLA Corporation (NASDAQ:KLAC) reported stronger-than-expected fiscal fourth-quarter results, but its shares fell more than 10% in pre-market trading on Wednesday after investors focused on a cautious near-term outlook and guidance that offered only limited upside. The semiconductor equipment manufacturer posted earnings per share of $1.
Biogen’s growth portfolio, which includes one closely watched Alzheimer’s drug, is a bright spot in the second quarter.
Apple's decision to hold iPhone prices steady is set to power its strongest June-quarter sales growth in five years, but investors will want to know how long it can resist an increase. The consumer electronics giant raised iPad and MacBook prices last month as it sought to offset cost increases from a shortage of memory and storage chips caused by massive AI datacenter buildouts. Apple's decision paid off: iPhone shipments rose 3% and the company's market share climbed to nearly a fifth, estimated research firm Counterpoint.
There’s never a good time to miss on earnings, but memory-chip giant SK Hynix really picked its moment.
U. S. stock futures traded close to unchanged on Wednesday as investors prepared for a pivotal session featuring the Federal Reserve’s latest interest rate decision and quarterly earnings from artificial intelligence leaders Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT).
Britain's antitrust regulator said it would investigate Microsoft over whether it misled personal and family customers when marketing subscription plans for its ever-popular Microsoft 365 product, resulting in them overpaying. The Competition and Markets Authority said on Wednesday the probe would examine Microsoft's addition of its AI assistant Copilot to Microsoft 365 subscriptions. Personal and family customers were initially offered Copilot at no extra cost, but some later faced higher-priced subscriptions when renewing.
By Lewis Krauskopf NEW YORK, July 29 (Reuters) - The S&P 500 has struggled to make further headway since its early June record peak, but that tepid performance belies churning beneath the market's
Options traders expect a roughly $190 billion swing in Microsoft's market value after it reports earnings on Wednesday, an unusually large move that underscores investors' growing eagerness to see if billions of dollars in AI spending are beginning to pay off. By comparison, over the last 12 earnings cycles, Microsoft has averaged a 4.8% implied move and a 4.4% actual move, Option Research & Technology Services (ORATS) data showed. The significantly higher pricing this quarter suggests that investors view Microsoft — one of the hyperscalers whose massive AI capital spending is at the heart of this year's AI rally and the broader bull market — as central to the AI earnings story.