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(Bloomberg) -- OpenAI plans to spend tens of billions of dollars on a massive new data center near Savannah, Georgia as part of the ChatGPT maker’s push to keep up with surging demand for artificial intelligence software. Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to Companies, Echoing a 17th Century KingSpaceX Set to Unlock $116 Billion in Shares After IPO Rest

Samsung’s new Galaxy Z Fold8 is the lightest book-style foldable phone on the market, but that’s not the headline. Based on analyst reports, it’s a preview of Apple’s long-rumored folding iPhone, expected this fall. The device is squatter and wider than Samsung’s previous foldables.

Two Democratic lawmakers want to curb tax breaks for the largest 401(k)s and IRAs, which have proliferated in recent years.

Strong quarterly results overshadowed by softer third-quarter outlookPhilip Morris International Inc. (NYSE:PM) reported better-than-expected second-quarter 2026 results on Wednesday, but investors focused on weaker-than-anticipated third-quarter earnings guidance, sending the stock modestly lower.

Vistra will release its second-quarter earnings next month, and analysts anticipate a triple-digit bottom-line growth.

Results exceed expectations as outlook disappoints investorsMoody’s Corporation (NYSE:MCO) reported stronger-than-expected second-quarter 2026 results on Wednesday, although investors focused on a slightly softer full-year earnings outlook that weighed on the stock. The credit ratings and analytics company posted adjusted earnings per share of $4.

Lower credit-loss provisions and stronger earnings offset a slight miss in net interest income.

Adjusted EPS topped estimates while revenue came in slightly light

The new offerings for individual investors follow an exodus from private credit funds earlier this year.

Record revenue across all business lines with net income of $16.9 billion.

The Energy Department program targets faster licensing and construction for AI data center power

Record quarterly performance drives earnings beatTeledyne Technologies Incorporated (NYSE:TDY) reported better-than-expected second-quarter 2026 results on Wednesday, as record orders, revenue and operating profit helped the company surpass Wall Street forecasts and lift its full-year guidance. The aerospace and defence technology company posted adjusted earnings per share of $6.

Bank of America is breaking with the Fed's wait-and-see approach and pushing for rate hikes now, which reshuffles the entire investing playbook. Four dividend-paying stocks across the sectors that quietly thrive when borrowing costs climb deserve a closer look.

(Bloomberg) -- Blackstone Inc. leaned on Wellington Management Co. and Vanguard Group to create two new funds that will give individual investors access to private assets as it looks to go beyond its roots as a money manager for pensions and institutions to become more of a household name.Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to Companies, Echoing a 17th Ce

Artificial intelligence threatens to hurt many kinds of enterprise software, especially those like ServiceNow that bill by the user.

David Vélez of Nubank and Robin Vince of BNY will join the boards of both the OpenAI Foundation and OpenAI Group PBC

Eli Lilly will release its second-quarter earnings next month, and analysts anticipate a double-digit bottom-line growth.

Computer processor maker Intel (NASDAQ:INTC) will be reporting earnings this Thursday after the bell. Here’s what to look for.

Advanced Micro Devices has signed a deal with artificial intelligence ‌startup Anthropic for tens of billions ‌of dollars worth of AI servers and will invest ​up to $5 billion in the company, the Wall Street Journal reported on Tuesday. Industry executives have said 1 gigawatt of computing power, enough to power ​roughly 750,000 ​U.S. homes, can ​cost around $50 billion.

Tesla stock has spent nearly a year going sideways. Wednesday's earnings could finally break the stalemate.

With tech earnings on tap from the likes of Alphabet, Tesla, IBM, memory-chip maker Micron could be in for a wild ride.

Datadog is poised to release its second-quarter results in August, and analysts predict a triple-digit surge in the company’s bottom-line figure.

Moby summary of Vicor Corporation's Q2 2026 earnings call

Moby summary of Capital One Financial Corporation's Q2 2026 earnings call

The 2-gigawatt deal covers tens of billions of dollars’ worth of chips, and AMD will invest up to $5 billion in Anthropic.

Revenue beats expectations as acquisition costs weigh on profitIridium Communications Inc. (NASDAQ:IRDM) reported second-quarter 2026 results on Wednesday that topped revenue expectations but fell short on earnings, as costs related to its pending acquisition by Rocket Lab weighed on profitability.

Philip Morris International reports better-than-expected second-quarter earnings but lowers full-year profit expectations.

Iridium (IRDM) delivered earnings and revenue surprises of -26.92% and +1.82%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Virgin Atlantic to become exclusive UK airline partnerJoby Aviation (NYSE:JOBY) shares gained 4% on Wednesday after the electric aircraft developer announced a long-term partnership with Virgin Atlantic to introduce commercial air taxi services across the United Kingdom. The agreement, unveiled during the Farnborough International Airshow, names Virgin Atlantic as Joby’s exclusive airline partner for UK air taxi operations.

IBM Faces Make-or-Break Earnings as Wall Street Awaits AI Update