On July 23, Citi lowered its target to $235 from $400, a roughly 41% reduction, while reiterating its Buy rating. The move follows a similar downgrade from JPMorgan on July 17, which cut its target to $196 from $283 while keeping an Overweight rating. Coinbase is scheduled to report Q2 ...
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Verizon is discontinuing a customer support option it has offered for 18 years, a move that comes after recently announcing a series of layoffs. The carrier has undergone a transformation under new CEO Dan Schulman in recent months as it works to slow customer losses in its wireless business. This ...
Lawmakers are examining whether employees and intermediaries in China affected marketplace decisions.
The chipmaker raised its data center revenue forecast despite a softer near-term sales outlook.
A Senate China probe, AI spending fears, and fresh layoffs are hitting Amazon stock just one week before a quarter that Wall Street expects to be strong. Something does not add up, and earnings may force a reckoning either way.
T-Mobile stock fell despite its Q2 earnings beat. Management rejected an expanded Starlink partnership, saying it would not create value.
Tesla missed second-quarter earnings estimates and the stock was down early Thursday. Wall Street remains firmly focused on the future, though.
American Airlines (AAL) lowered its full-year earnings outlook on Thursday as higher fuel costs drov
Trump said that the U.S. will inflict “major military punishment” upon Iran and the Houthis if they attack ships again.
Alphabet, the newest addition to the Dow, dove on its latest quarterly results and it's weighing on the blue-chip index. The Dow is down 1.1%, or 563 points. Alphabet was the worst performer in the Dow, contributing a roughly 142-point drag on the index, Dow Jones Market Data showed.
LVS stock is down after second-quarter 2026 adjusted earnings and revenues miss estimates and decline year over year, as low rolling-play hold weighs on Macao.
Copper mining giant Freeport-McMoRan handily beat Q2 earnings forecasts but slightly trimmed its outlook for copper sales this year, with a significant shortfall in Q3. Still, the copper price fell as the U.
Google parent Alphabet fell 6% this morning after the company announced plans to raise its capital spending forecast for this year to as much as $205 billion, spooking investors. The stock decline has erased roughly $255.
July 23 (Reuters) - European regulators have launched a series of antitrust, privacy and online-safety investigations into major technology companies in recent years.Below are some of the most
July 23 () - European regulators have launched a series of antitrust, privacy and online-safety investigations into major technology companies in recent years.Below are some of the most significant cases: GOOGLE The European Commission said on July 23 it fined Google a total of 890 million euros ($1 billion) for breaching European Union rules aimed at curbing the power of Big Tech.
SpaceX (NASDAQ:SPCX) short sellers have amassed an estimated $15. 5 billion in unrealized gains as the aerospace company’s shares continue to retreat from the highs reached shortly after its public market debut, according to data from Ortex Technologies cited by Reuters.
Stocks tumbled at the open on Thursday after earnings from Alphabet and Tesla failed to rouse the AI trade. The Dow fell 654 points, or 1.2%. Alphabet and Tesla were both down on their latest earnings reports.
Investing.com -- Rollins Inc. (NYSE: ROL) shares are down more than 18% premarket on Thursday after the pest control company reported second-quarter earnings after the close on Wednesday.
Tesla just posted record deliveries and Wall Street still hammered the stock lower by 8%, exposing a growing divide between what the company ships today and what investors are actually paying for.
By Ragini Mathur and Avinash P July 23 (Reuters) - U.S. stock indexes were on track to open lower on Thursday as concerns over heavy AI spending resurfaced after the first batch of Big Tech earnings,
American Airlines reported record quarterly revenue of $16.7 billion and adjusted EPS of $0.15, beating Wall Street estimates.
Shares of Lockheed Martin and RTX are surging premarket after both companies reported swelling order books driven by strong demand for military hardware. Defense contractor Lockheed Martin lifted its full-year estimate of sales, per-share earnings and free cash flow as its book of orders for jets, missiles and other military products hit a record $230 billion.
Investing.com - U.S. stock index futures pointed lower on Thursday as investors digested another round of technology earnings and monitored escalating tensions in the Middle East that pushed oil prices back above $98 a barrel, renewing concerns over inflation and global growth.
Revenue beat expectations, but operating margin fell to 1.4% and capex more than doubled
Investing.com - Short sellers targeting SpaceX (NASDAQ:SPCX) had accumulated an estimated $15.5 billion in paper profit through Tuesday, July 22, according to Ortex Technologies data cited by Reuters, as the stock continued to unwind its spectacular post-IPO surge.
IBM’s earnings pre-announcement sent the stock into a tailspin but Wall Street isn’t giving up just yet.
Tesla missed second-quarter earnings estimates and the stock was down early Thursday. Wall Street remains firmly focused on the future, though.
Stock Market Today: The Dow Jones index dropped 300 points Thursday as Alphabet and Tesla stock dived on earnings. Oil prices jumped.
R.K.C. had already settled with YouTube, TikTok, and Snap, leaving Meta as the sole defendant ahead of jury selection
LyondellBasell Industries is ready to release its second-quarter results by the end of the month, and Wall Street projects a notable triple-digit rise in earnings.