The company plans to submit a new application for a national trust bank charter under the framework of the Genius Act
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Stocks looked set to struggle for direction on Friday as a drop in oil prices eased fears about higher inflation, even as artificial-intelligence jitters lingered. Nasdaq 100 futures rose 0.1%. The Dow was on track to outperform the other two major indexes because it tends to be more reactive to oil prices, which were retreating having spiked above $100 a barrel the previous session.
Shares skidded Friday in Asia after Brent crude shot to its highest price since May as heavy fighting in the Middle East again threatened to slow the global flow of oil and gas. U.S. futures were little changed after tumbles for two of Wall Street’s most influential companies, Alphabet and Tesla, yanked U.S. stocks to their worst loss in a month.
BENGALURU, July 24 (Reuters) - India's private sector growth skidded to its weakest in over four years in July as a sharp slowdown in services constrained overall expansion even though rising export
July 24 (Reuters) - Indian shares opened lower on Friday, pressured by the rise in Brent crude to above $100 per barrel as the Middle East crisis escalates, while a slide in IT company Infosys and
(Bloomberg) -- South Korean stocks fell as funds cut exposure to chipmakers after overnight losses in US peers, while factoring in a Chinese rival’s imminent share sale and rising Middle East tensions. 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 DemandAlphabet Falls as $205 Billion Spending Plan Fuels AI Cost FearTrump Rebuilds Tariffs Wi
By Junko Fujita TOKYO, July 24 (Reuters) - Japan's Nikkei share average fell more than 2% on Friday, as a sharp decline in Google parent Alphabet shares spurred concerns about heavy AI spending.
Tesla shares sank heavily after reporting quarterly earnings.
While other tech giants spend on AI data centers, Big Blue aims to keep selling mainframes and pour profits into quantum computing.

<body><p>STORY: Wall Street stocks plummeted on Thursday, with the Dow dropping about 1%, the S&P 500 shedding 1.2% and the Nasdaq tumbling more than 2%.</p><p>The latest earnings results from large tech companies such as Alphabet and Tesla revived concerns about heavy AI spending, says Keith Buchanan, senior portfolio manager for Globalt Investments.</p><p>"We're at a point now where the hype has to kind of meet some level of realistic expectation, quantifiable expectation. And the markets are starting to digest just what this means to cash flow in some of the largest companies in the world going forward. And a lot of spending is eating into cash flow in a way that's making investors lose a bit of comfort and question a lot of valuations that have grown over the past couple of years. And that's what's really at the root of what's really hampering some of the market returns today and giving back some of the gains that we've gotten for the market over the past couple of weeks."</p><p>Shares of Alphabet sank 7% after the tech giant reported higher spending plans while it also burned cash.</p><p>And shares of Tesla tumbled 14.5% after Elon Musk's EV maker reported negative free cash flow in the second quarter for the first time in more than two years.</p><p>But shares of Intel rose 10% in extended trading after the company forecast quarterly profit and revenue above Wall Street estimates as an AI data center buildout increases demand for its central processing units, or CPUs.</p><p>Meanwhile, Brent crude oil futures settled above $100 a barrel for the first time since May, and U.S. oil futures settled above $92.</p><p>The surge in oil prices prompted worries about inflation ahead of next week's Federal Reserve policy meeting.</p></body>
Sallie Mae (SLM) delivered earnings and revenue surprises of -36.96% and -6.31%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
These are good times for copper producers. Demand for their product is decidedly robust, particularly for copper coil or copper plate or the ultra-pure copper broken up literally into atoms to make tiny, high-speed computer chips. Or all the wiring and related equipment used in data centers. Copper ...
The hottest tech trades of 2026 just got slammed — smart investors are buying anyway.
On July 21, Mizuho told clients that Oracle (ORCL) stock could more than double from here. The bank reiterated its Outperform rating and kept its $320 price target, a call that implies about a 164% rise from Monday's close. That number stands out because Oracle has been one of 2026's most punished ...
Intel is expected to post stronger Q2 results, but semiconductor sentiment and valuation remain key investor concerns.
Chipmaker raises AI sales outlook but weaker third-quarter guidance weighs on investor expectations.
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 ...
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.