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Ives said that while higher AI infrastructure spending may weigh on margins in the near term, accelerating adoption of AI by both enterprises and consumers will be a key theme of second-quarter earnings.
Southwest Airlines made sweeping changes to its business model to bring in more revenue and catch up with its more profitable competitors. Its executives’ verdict? It’s working. “I think we’ve got our mojo back,” Chief Financial Officer Tom Doxey said in an interview.
(Bloomberg) -- BitMEX, the exchange that was first to offer the highly leveraged Bitcoin derivatives that have become a mainstay of crypto trading, is shuttering as a prolonged downturn roils the industry.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyAlphabet’s $205 Billion Sp
Comcast (CMCSA) delivered earnings and revenue surprises of +7.22% and +2.62%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
RTX (RTX) delivered earnings and revenue surprises of +13.86% and +8.21%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
The carrier's holiday surcharges, which apply across various shipping services, will be higher than they were last year.
Tesla (TSLA) shares fell early Thursday after the electric vehicle manufacturer reported an unexpect
STMicroelectronics beat analyst estimates for the second quarter but disappointed with its Q3 sales guidance.
West Pharmaceutical Services (WST) reported Q2 adjusted earnings Thursday of $2.37 per diluted share
Mobileye Global said on Thursday that founder Amnon Shashua plans to step down as chief executive officer once a successor is appointed, as the autonomous driving technology maker launched a search for its next leader. The board will hire an executive search firm to select a new CEO, Mobileye said. Mobileye also reported second-quarter revenue of $508 million, beating LSEG estimates of $481.24 million, helped by what CEO Amnon Shashua described as "strong momentum" in the company's core business as it prepares for a number of advanced product launches in late 2026 and throughout 2027.
Eli Lilly is preparing application materials for its next-generation weight-loss drug, retatrutide, following data from two Phase 3 trials showing the treatment delivered substantial results.
Eli Lilly is preparing application materials for its next-generation weight-loss drug, retatrutide, following data from two Phase 3 trials showing the treatment delivered substantial results.
SAN FRANCISCO, July 23 (Reuters) - Advanced Micro Devices is set to launch a raft of AI hardware that will rival Nvidia on Thursday at an event at a downtown convention center in San Francisco. AMD is attempting to capture market share from Nvidia in the fast-growing data center chip sector, especially for so-called inference computing, which is the data crunching that occurs when a user queries a chatbot such as OpenAI's ChatGPT.
T-Mobile US’s profit and revenue grew in the latest quarter boosted by growth in its postpaid business.
The deal is the latest move by a Western automaker to open its factory gates to Chinese competitors as they look to fill capacity and secure the future of their production sites.
European semiconductor stocks moved sharply on Thursday after earnings updates, with Soitec surging on strong photonics demand linked to artificial intelligence applications, while STMicroelectronics and BE Semiconductor Industries (Besi) fell as investors reacted to weaker near-term performance and elevated growth expectations. Soitec shares jumped around 23% after the French semiconductor materials supplier beat sales expectations by a wide margin and pointed to accelerating demand for photonics wafers used in artificial intelligence applications.
Molina Healthcare (NYSE:MOH) shares dropped more than 9% in premarket trading on Thursday after the health insurer issued a full-year revenue outlook that disappointed investors, despite reporting second-quarter earnings ahead of market expectations. While profitability exceeded forecasts, concerns over slowing revenue growth and ongoing Medicaid headwinds weighed heavily on market sentiment.
T-Mobile raised its forecast for annual adjusted free cash flow on Thursday and beat quarterly profit estimates, fueled by customer migration to pricier premium plans. The telecom provider has been retiring some legacy wireless plans and moving affected customers to newer offerings, with unlimited premium data and device-upgrade options. "We are seeing new customers really kind of adopt our most premium plans at a rate of about 60% of total sales," Chief Operating Officer Jon Freier told Reuters.
Comcast reported a lower profit in the second quarter, but narrowed subscriber losses in its domestic residential broadband business for the second quarter in a row.
By Douglas Gillison WASHINGTON, July 23 (Reuters) - Capital One executive Brian Johnson is due to appear before U.S. lawmakers on Thursday as they consider his nomination to lead the U.S.
By Douglas Gillison WASHINGTON, July 23 (Reuters) - Capital One executive Brian Johnson is due to appear before U.S. lawmakers on Thursday as they consider his nomination to lead the U.S.
For the full year, RTX now expects adjusted earnings between $7.10 and $7.25 a share, up from its previous forecast of $6.70 to $6.90.
(Bloomberg) -- Hedge funds’ most popular trade in the US bond market is showing signs of maxing out.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyAlphabet’s $205 Billion Spending Target Fuels AI Cost FearsKnown as the basis trade, the strategy involves wagering on the small pr
The European Union on Thursday hit Google with a fine of 890 million euros ($1 billion) after it said the technology behemoth broke digital antitrust regulations by setting up Google Play and its ubiquitous search engine to corral consumers towards its own services and apps to the detriment of competitors. It was the latest major crackdown on Big Tech by Brussels, which has led the world in reining in some of the world's largest companies from Silicon Valley to Beijing. Google had recently lost its appeal of a $4.5 billion antitrust fine imposed for throttling competition and reducing consumer choice through the dominance of its mobile Android operating system.
Comcast's Peacock streaming service reported its first quarterly profit ever on Thursday, as the soccer World Cup and the hit reality show "Love Island USA" attracted more subscribers. Shares of the company were up 3% in premarket trading. The $189 million pre-tax profit marks a major win for the streaming service, which was a late entrant in 2020 and had to spend billions of dollars on content to establish a foothold in a market dominated by Netflix, Disney+ and Amazon Prime Video.
Advanced Micro Devices is set to launch a raft of AI hardware that will rival Nvidia on Thursday at an event at a downtown convention center in San Francisco. AMD is attempting to capture market share from Nvidia in the fast-growing data center chip sector, especially for so-called inference computing, which is the data crunching that occurs when a user queries a chatbot such as OpenAI's ChatGPT. AMD is expected to show off the company's data center hardware that includes its first-generation server racks called Helios, which it is marketing as a rival to a similar design from Nvidia, which is rolling out its second-generation product this year.
U. S. stock futures traded lower on Thursday as investors digested quarterly results from Alphabet, Tesla and IBM while awaiting the European Central Bank’s latest interest rate decision.
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