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Corrections & Amplifications
The Wall Street Journal5d agoneutral
Corrections & Amplifications

CORRECTIONS Analysts expected DoorDash to report second-quarter revenue of $4.34 billion. A Business & Finance article on Thursday about the company incorrectly said expectations were for $4.34 million.

The Virginian-Pilot5d agoneutral
Spanberger intervenes in case to decide fate of Dominion-NextEra merger

Gov. Abigail Spanberger announced Thursday that she will formally become a party in the case before the State Corporation Commission that is weighing whether to allow a proposed merger between Dominion Energy and Florida-based NextEra. By intervening — requesting to become a formal party in the case — the governor’s office would be able to ask discovery questions, file expert testimony, put ...

Nvidia dominates AI chips, but BofA sees AMD closing in
TheStreet5d agoneutral
Nvidia dominates AI chips, but BofA sees AMD closing in

Twenty years ago, Advanced Micro Devices Inc. (AMD) spent the better part of a decade selling processors into a market Intel dominated, waiting for the moment Intel could not keep pace with demand on its own. That moment eventually arrived, and AMD converted patience into real share of the server ...

Cloudflare raises annual outlook above market estimates on AI-driven demand
Reuters5d agoneutral
Cloudflare raises annual outlook above market estimates on AI-driven demand

Cloudflare raised its full-year revenue forecast above Wall Street expectations after strong ‌quarterly results, betting that the rapid rise ‌of AI agents will keep driving traffic across its network, sending ​its shares up 18% after the bell. The race to build and scale AI agents has led more businesses to rely on Cloudflare's network to safely route ‌traffic and run ⁠those tools, boosting demand for its cloud and security products. Here are more details: • ⁠Cloudflare raised its annual revenue forecast to a range of $2.86 billion to $2.87 billion, from $2.805 billion to $2.813 billion ​previously, and ​above analysts' average estimate ​of $2.81 billion, according to ‌LSEG-compiled data.

Mastercard (MA) vs. Visa (V): Stablecoins or AI Fraud Defense?
Insider Monkey5d agoneutral
Mastercard (MA) vs. Visa (V): Stablecoins or AI Fraud Defense?

On August 3, Mastercard (NYSE:MA) announced that it had completed its acquisition of BVNK, a deal meant to connect its card network with the stablecoins and tokenized assets that are increasingly moving money across borders. Chief product officer Jorn Lambert framed it as a bet on a “multi-money world,” where fiat currency, stablecoins and tokenized […]

Bernstein says Circle investors are focusing on wrong risks
TheStreet5d agoneutral
Bernstein says Circle investors are focusing on wrong risks

Research and brokerage firm Bernstein says that investors worried about the Circle Internet Group (NYSE: CRCL) are fixating on the wrong concerns, and that the stablecoin issuer's latest results make the case against the skeptics. In a note to clients on Aug. 6, analysts led by Gautam Chhugani ...