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After back-to-back days of outperformance this week, the Dow Jones Industrial Average has nudged ahead the other major U.S. benchmarks for the month and year as well. On a year-to-date basis, the Dow is up 9.7%, holding a small lead over of the S&P 500, which is up 8.5%, and the tech-heavy Nasdaq composite, which is up 7%. The Nasdaq yesterday flirted with trading in correction territory, or 10% below a recent high.

Today Federal Reserve meeting: Fed Chairman Kevin Warsh will hold a press conference at 2:30 p.m. ET, following the FOMC interest-rate decision at 2 p.m. Earnings (a.m): Procter & Gamble, Humana, L3Harris, Biogen, General Dynamics, Teva Pharmaceuticals, Airbus Earnings (p.

Sony is set to be a major beneficiary of the launch of "Grand Theft Auto VI" but the highly anticipated game is landing as the PlayStation maker grapples with rising prices of ‌memory chips. The Japanese entertainment conglomerate, widely seen as the winner of the high-end console wars as Microsoft's Xbox business ‌retrenches, has a long history with Take-Two Interactive Software, which will launch its delayed "GTA VI" on November 19. "GTA VI will be console only and the vast majority of ​new users will choose a PlayStation 5," said Serkan Toto, founder of Kantan Games consultancy.

UBS estimates SpaceX could spend about $135 billion on wafer-fab equipment over five years for Terafab.

Dillard's currently trades at $573.95 per share and has shown little upside over the past six months, posting a small loss of 4.9%. The stock also fell short of the S&P 500’s 6.3% gain during that period.

MOSCOW, July 29 () - Russia's Federal Security Service (FSB) said on Wednesday that it had charged ‌Telegram founder Pavel Durov with facilitating terrorist ‌activities, and that it had issued an international warrant for ​his arrest. The FSB said that the charges related to Telegram's failure to remove material "used by Ukrainian special services and by terrorist and extremist organisations to ‌prepare and coordinate acts ⁠of sabotage and terrorism, mass killings, and cyber-fraud operations wit

July 29 (Reuters) - Colgate-Palmolive India reported a rise in quarterly profit on Wednesday, helped by healthy demand in its core oral care product portfolio as well as premium offerings. 

Microsoft stock, down earlier this year, is up 5.5% in the past month. The answers to three AI-related questions could determine whether shares continue to gain.

What a time it’s been for DaVita. In the past six months alone, the company’s stock price has increased by a massive 122%, reaching $235.17 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.

Meta could deliver a record quarter for its core advertising business. But Wall Street will look past that for the latest on the company’s AI spending.

By Ankur Banerjee SINGAPORE, July 29 (Reuters) - Asian stocks sank on Wednesday, extending a vicious selloff as anxiety about AI valuations and whether the massive spending will deliver returns

Skyworks Solutions Inc (SWKS) surpasses revenue expectations, announces a $2 billion stock repurchase program, and anticipates a promising Qorvo combination.

Enphase Energy Inc (ENPH) reports robust gross margins and strategic product launches, despite facing headwinds in the US market.

Tilray Brands Inc (TLRY) reports significant financial improvements and outlines strategic plans for future expansion across diverse sectors.

Despite a net loss, Ford Motor Co (F) raises full-year guidance, showcasing confidence in its strategic initiatives and strong product mix.

KLA Corp (KLAC) achieves record revenue of $3.66 billion, driven by AI infrastructure demand, while navigating supply chain and pricing pressures.

For years, Federal Reserve decisions became something of a rubber stamp, with investors focused more on the press conference than the announcement itself. Under new Fed Chair Kevin Warsh, that dynamic has flipped, observes Bret Kenwell, US investment analyst at eToro US.

Visa Inc (V) reports a robust 14% increase in net revenue, driven by strong payments volume and innovative solutions, despite rising expenses and market uncertainties.

Bloom Energy Corp (BE) achieves its first $1 billion quarter, expands partnerships, and raises full-year guidance amid robust demand and market leadership.

As investors await Microsoft Corp’s (NASDAQ:MSFT) quarterly results, Gene Munster argues the company’s long-term AI strategy—not its near-term earnings—will determine whether it can maintain its market leadership. Munster Says Microsoft’s AI Transition Matters More Than Earnings Ahead of Microsoft’s earnings report on Wednesday, Deepwater Asset Management’s managing partner said that Wall Street is focused on the wrong metric, arguing that the software giant’s biggest challenges lie years ahead

(Bloomberg) -- Washington risked widening its tech confrontation with China by restricting more foreign-made goods, including some humanoid robots and power inverters.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsApple Set to Make Big Smart Home Push With Siri AI at CenterUS Intercepts Iran Attack on Bases, Puncturing Days of CalmCitadel Securities Sees Warsh Delivering Surprise Fed HikeCiting possib

After its record-breaking debut, SpaceX is proving that a blockbuster IPO does not guarantee a smooth ride. The rocket and satellite company has spent much of July shedding value at a pace that caught seasoned traders off guard. Shares fell again on July 27, marking the 13th decline in the last 16 ...

AbbVie(ABBV) reports second-quarter results on Friday, July 31, and the mood around the stock has changed. A few months ago, investors were restless. The two drugs carrying the company were doing fine, but everyone already knew that, and the market wanted a new reason to invest. Goldman Sachs went ...

Meta’s chief executive said that the discourse regarding AI isn’t optimistic enough and that banning foreign open-source models wouldn’t be productive.

Corning is best known for Gorilla Glass, the durable material used in smartphone screens. The company also makes the optical fiber, cables, and connectors that move data among thousands of processors inside artificial intelligence data centers. That business helped more than double Corning’s share ...

Jensen Huang had never posted on X before July 24. His first post on the platform wasn't about chips or Nvidia's earnings or the next GPU architecture. It was a letter. An open letter signed by more than 20 tech companies, including Nvidia, Microsoft, Meta, Google, OpenAI, Hugging Face, Mistral, ...

Sanjeev Rana, head of research at CLSA Securities Korea, believes Hynix's earnings miss was the result of a weak product mix in the second quarter, and he expects "sequential earnings improvement." Meanwhile, KB Financial Group Global Investment Strategist Peter Kim shares his takes on the underlying trends driving the selloff in AI stocks.

Central banks are good at fighting inflation they can recognize. The trouble starts when the price pressure arrives from somewhere the playbook never anticipated. For most of the past four years, the Federal Reserve has sorted rising prices into two bins. Demand inflation happens when people have ...

Conflict in the Middle East escalated again – the U.S. said that Iranian forces had attacked the American military on Tuesday evening.

Leading cryptocurrencies rose slightly on Tuesday as investors weighed renewed tensions in the Middle East and the Federal Reserve’s upcoming decision on interest rates. Cryptocurrency24-Hour Gains +/-Price (Recorded at 9:25 p.m. EDT)Bitcoin (CRYPTO: BTC)+1.01%$63,842.10Ethereum (CRYPTO: ETH) +2.16%$1,913.42XRP (CRYPTO: XRP) +1.87%$1.07Solana (CRYPTO: SOL) +0.79%$73.67Dogecoin (CRYPTO: DOGE) +1.72%$0.07071 Crypto Market Gains Bitcoin rallied as high as $64,100 but ran into resistance, with 24-ho