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Apple Stock Tumbles, Wiping Out $359 Billion in Value
Barrons.com5d agobearish
Apple Stock Tumbles, Wiping Out $359 Billion in Value

Apple stock tumbled 7.4% to $308.91 on Friday after its fiscal third-quarter earnings report left investors disappointed. The drop wiped out $359 billion in value, bringing Apple's market capitalization to $4.

LyondellBasell Industries Q2 Earnings Call Highlights
MarketBeat5d agobearish
LyondellBasell Industries Q2 Earnings Call Highlights

LyondellBasell Industries (NYSE:LYB) said second-quarter earnings and margins improved sharply as disruptions tied to the Middle East conflict tightened petrochemical supply, altered trade flows and supported pricing across several of its businesses. Chief Executive Officer Peter Vanacker said the

Elon Musk denies claims that Tesla could sell off its China business
Yahoo Finance Video5d agobearishVIDEO
Elon Musk denies claims that Tesla could sell off its China business

Elon Musk is refuting claims that Tesla (TSLA) is considering a spin-off of its China business ahead of a rumored merger between the EV maker and SpaceX (SPCX). This comes after the Wall Street Journal's initial reporting on the subject. Yahoo Finance Senior Autos Reporter Pras Subramanian reacts to Musk's latest comments.

The lessons Chime and Visa's layoffs have for banks
American Banker5d agobearish
The lessons Chime and Visa's layoffs have for banks

Digital lender Chime and Visa this week became the latest firms to cite AI as part of a downsizing. While bots usually aren't directly replacing workers, machine learning changes customer access to financial products in a way that's increasingly making some work less necessary.

Meta stock plunges as Zuckerberg’s AI gamble devours its cash
TheStreet5d agobearish
Meta stock plunges as Zuckerberg’s AI gamble devours its cash

Meta Platforms (META) generated the kind of sales growth most firms would be thrilled to see. Wall Street retaliated by cutting about 9% off the stock early Thursday, July 30. Facebook's and Instagram's parent company earned $60.8 billion in sales in the second quarter, up 28% from a year ago. ...

CVS (CVS) Stock Looks Overvalued As 340B Pricing Lawsuit Looms
Simply Wall St.5d agobearish
CVS (CVS) Stock Looks Overvalued As 340B Pricing Lawsuit Looms

CVS Health stock has returned 74.8% over the past year, yet its broader valuation checks lean expensive, so investors are weighing a strong share price run against signals that the stock may already be pricing in a lot of good news. Over the last 12 months, CVS Health has delivered a 74.8% return, which puts recent holders in a strong position and naturally raises the bar for what future returns need to justify today’s price. Expectations around CVS Health’s ability to grow healthcare and...

Circle stock drops after major announcement
TheStreet5d agobearish
Circle stock drops after major announcement

Circle Internet Group (NYSE: CRCL), the company behind the USDC stablecoin, saw its shares fall nearly 7% on July 31 even as it announced a key regulatory milestone ahead of its upcoming quarterly earnings. The cryptocurrency firm is scheduled to report its second-quarter 2026 financial results on ...

Solstice Advanced Materials (SOLS) Stock Still Looks Pricey Despite Its 35% Slump
Simply Wall St.5d agobearish
Solstice Advanced Materials (SOLS) Stock Still Looks Pricey Despite Its 35% Slump

Solstice Advanced Materials has just delivered upbeat news on earnings, an acquisition plan and a dividend, yet the stock has fallen sharply over the past month and current valuation checks suggest the shares do not screen as a clear bargain. The share price is down 35.2% over the past month, which puts recent optimism about the business at odds with how the market is now pricing the stock. Stronger profit delivery and the planned Element Solutions acquisition can support higher earnings...