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GE Vernova’s revenue topped Wall Street estimates, and the company raised its full-year revenue outlook, though earnings per share came in below consensus.
Wall Street stocks looked set for a weaker open on Wednesday as investors lock in profits in technology stocks ahead of crucial earnings from Google owner Alphabet and Tesla, while escalating tensions in the Middle East push oil prices to six-week highs. Dow Jones futures were down 0.2%,...
The brokerage beat analyst estimates on profit and revenue, then raised its full-year guidance, but Schwab stock ended the day down 2.5%
Tesla stock fell about 0.5% before Wednesday's open. Heading into today's earnings call investors are eager for updates about robotaxis and Optimus robots, which are key to Tesla's push into AI.
Investing.com -- GE Vernova Inc. (NYSE:GEV) reported second-quarter results that missed earnings expectations despite beating revenue estimates, with shares falling 2.7% premarket following the announcement.
Coinbase has settled a Freedom of Information Act lawsuit against the U.S. Securities and Exchange Commission over records it sought from the agency, the cryptocurrency exchange's chief legal officer, Paul Grewal, said in a Wall Street Journal op-ed on Wednesday. Grewal said the agency, which polices corporate record-keeping, had lost text messages between former Chair Gary Gensler and other officials after a process the SEC said "automatically wiped" certain data.
By Daniel Wiessner July 22 (Reuters) - A novel lawsuit claiming that Meta Platforms relied on discriminatory AI tools to select employees for layoffs highlights the problems workers face in suing
Stocks were on track to open lower on Wednesday after a jump in oil prices revived fears that a flare-up in inflation could drag down the market. Nasdaq 100 futures fell 0.8%. Stocks looked set to give up some of those gains on Wednesday amid a rally in oil prices, after the U.S. launching strikes against Iran for an 11th straight night.
Editor’s Note: This story has been updated to include a response from an Intel spokesperson. SK hynix Inc (NASDAQ:SKHY) said Tuesday it has neither pursued nor decided to acquire Intel Corp‘s (NASDAQ:INTC) Ohio semiconductor campus, denying a media report that claimed the South Korean memory chipmaker was in talks to buy the site. SK hynix Responds to Korea JoongAng Daily Report SK hynix issued the clarification in a Korea Exchange filing after Korea JoongAng Daily reported that the company was
Novo Nordisk is also demanding that Eli Lilly pull its ads and pay damages.
Mega-IPOs don't necessarily become the biggest winners -- at least, not quickly.
Sony Music Entertainment on Monday filed a new lawsuit against AI startup Udio, alleging the company infringed on the copyrights of more than 30,000 recordings.
Highly anticipated GE Vernova earnings for the second quarter early Wednesday will provide the latest insights into AI-driven demand for gas turbines and electrical transformers. GE Vernova confirmed in June that its massive, heavy-duty gas turbines are basically sold out through 2029. Big Tech companies aggressively purchased the gas turbines to power their artificial-intelligence (AI) data-center campuses by themselves, with regionals grids unable to meet massive electricity demand.
ESPN chairman Jimmy Pitaro said most of the cuts stem from the network's acquisition of NFL Network, which closed in April
Most shoppers do not expect something as simple as a bakery roll to carry a safety risk. But food recalls can sometimes involve products consumers never see in their original packaging. This is especially true of products, which are shipped in bulk to grocery-store bakeries, restaurants, or other ...
RYAAY's Q1 profit declines 34% as lower fares and higher unhedged fuel costs outweighed 6% traffic growth, with pricing visibility still limited.
Salesforce Hit by Morgan Stanley Downgrade Over Sluggish Growth Outlook
Investing.com -- Intel confirmed Tuesday it is planning job cuts within its data center group as part of a broader strategy to become a more focused and efficient company, according to a report from Business Insider.
Oracle stock has had a brutal run this summer.
Investing.com -- U.S. Treasury Secretary Scott Bessent said Tuesday that China has reduced its crude oil purchases by approximately 40% in recent months, a decline he said is significantly reducing Iran's oil revenues.
Novo alleges that Lilly’s Zepbound advertisements compare the drug’s highest approved dose with lower doses of Wegovy.
North American margins drove the beat, yet the automaker lowered net income guidance for a second straight quarter.
A federal judge just froze David Ellison's dream of owning Hollywood's biggest studio, and the financial guarantee holding the deal together belongs to his father, whose personal fortune has been in freefall for months.
Tesla stock tumbled early Thursday after the EV maker reported mixed second quarter results that missed Wall Street expectations. However, its cash burn rate was less than expected. Investors may be looking for more on its physical AI build-outs.
Kyiv has signed a deal to make BAE Systems-designed howitzers, a potential test of the country’s ability to make other sophisticated foreign weapons.
The new Fed chair can impact interest rates without lifting a finger.
Intel confirmed that it is “aligning” its Data Center Group for “long-term success,” according to reports.
Oracle stock is in the doldrums lately. After a 4% drop yesterday, shares of the cloud computing firm now stand at their lowest level since June 2024. They're down 34% over the last month, compared with a 5% drop for the S&P's technology sector.
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