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U. S. stock index futures traded lower on Friday as investors remained cautious about the outlook for artificial intelligence spending while monitoring renewed military escalation between the United States and Iran.
This company aims to rival AI chip giant Nvidia.
July 17 (Reuters) - U.S. stock index futures slid on Friday as a selloff in chip stocks deepened, forcing investors to reassess the staying power of this year's AI-fueled rally, while a weak forecast
Netflix's shares tumbled 9.2% before the bell on Friday following another weaker-than-expected earnings forecast from the streaming major, deepening doubts about its ability to sustain growth momentum. While the company has gone beyond its traditional subscription-driven model, relying on advertising, live content and price hikes to boost revenue per user, it has been locked in a battle for user attention with traditional media such as Walt Disney and social media such as YouTube. "The story lacks excitement," said Jeffrey Wlodarczak, analyst at Pivotal Research Group.
Chart Industries will become a new reporting segment at Baker Hughes, covering air and gas handling, thermal management and life cycle services.
One data point doesn't make for an investment thesis.
Losses for the Nasdaq were set to deepen, with stocks across the AI complex falling in premarket trade.
(Bloomberg) -- US equity futures fell as a selloff in semiconductor stocks gathered steam, pushing investors to look for alternatives in other corners of the market. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveUS Cyclospora Outbreak Tied to Taco Bell Lettuce From Mex
Fortinet will release its second-quarter earnings later this month, and analysts anticipate a double-digit bottom-line growth.
Trimble will release its second-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
<body><p>STORY: :: San Pedro Garza Garcia, Mexico / July 16, 2026</p><p>:: U.S. fast food chain Chipotle, which specializes in Mexican flavors, opens its first restaurant in Mexico</p><p>“(Chipotle) is a brand I connect with mainly in the United States, that’s where I first got to know it. And every time I visited the U.S., stopping by a Chipotle to eat became a must because as you’re walking down the streets, you’re exploring, and you get really hungry, and it’s just such a great option, so that’s what started catching my attention. It became a regular thing, and I became a huge fan. Now that it’s here in Monterrey, I think it’s awesome to have it so close by.” </p><p>:: Chipotle's move into Mexico follows two failed Taco Bell attempts, as locals favored authentic Mexican food</p><p>:: Pablo de Brito, Chipotle General Manager in Mexico</p><p>“Several people asked me: What has Chipotle’s entry into Mexico meant? The reality is that it has meant a lot of work and a lot of research. How does Chipotle’s value proposition connect with Mexican consumers? And when we discovered that consumers in Monterrey are young people with close ties to U.S. culture, who are already familiar with the brand and value the characteristics that make it unique.”</p><p>The fast food chain will offer diners burritos, bowls, tacos, salads and quesadillas at their new spot located inside a mall in San Pedro Garza Garcia.</p><p>Long lines formed outside the restaurant on opening day as customers waited to place orders, many of them already familiar with the brand through visits to the U.S.</p><p>Alsea, Chipotle's local operator, whose portfolio includes Domino's Pizza, Starbucks and Burger King in Europe and Latin America, operates more than 4,830 locations and will serve as the development and expansion partner for the California-based chain.</p></body>
<body><p>STORY: :: Netflix </p><p>Netflix stock plunged close to 9% in after-hours trading on Thursday after it forecast third-quarter revenue and earnings below Wall Street targets.</p><p>The streaming giant said it expected close to $12.9 billion in revenue from July through September, lower than analyst estimates.</p><p>For the just-ended quarter, revenue totaled just under $12.6 billion, roughly in line with projections.</p><p>In its quarterly letter to shareholders, Netflix said that its financial performance "remains solid" and that it's on track to meet objectives for the year. </p><p>The company said it would cut its twice-yearly release of a viewing-hours report to once a year from January to "keep the focus on our primary financial metrics — revenue and operating profit."</p><p>It stopped publishing quarterly subscriber numbers in 2025.</p><p>Netflix is facing competition from all corners of the entertainment industry, from traditional media companies to mobile viewing apps.</p><p>The firm is working to grow with advertising, live events and video games. </p></body>
The company doubled its 2026 buyback target to at least $5 billion after already repurchasing $4 billion of shares.
Dave Brown, one of the most senior executives at Amazon Web Services, will bring his nearly two decades of experience to the social-media giant.
3M stock has more than doubled over the past three years, while current checks suggest the shares trade below an intrinsic value estimate based on a Discounted Cash Flow (DCF) approach and also screen as undervalued on traditional earnings multiples. At the same time, a mixed broader valuation score and fresh legal action over PFAS chemicals mean the gap between price and estimated value is not a straightforward story. 3M has delivered a 103.6% return over the last three years, which puts...
(Bloomberg) -- Michael Burry, the investor made famous in The Big Short, recommends bargain hunting in Hong Kong’s stock market after it lagged peers during the global AI rally this year. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveUS Cyclospora Outbreak Tied to Taco
KUALA LUMPUR, July 17 (Reuters) - U.S. investor Balaji Srinivasan said an immigration check at a "digital nomad" community in Malaysia based on anonymous social media claims of law violations that
Asian shares skidded Friday, with Tokyo’s Nikkei 225 down 5% as heavy selling of computer chipmakers and other AI-related shares dragged markets lower. Stocks related to artificial intelligence have been under pressure for weeks because of worries that their prices have shot too high and that voracious demand for computer memory and processors may not be sustainable if AI ends up not producing as much profit and productivity as promised. Oil prices surged as fighting in the Middle East intensified, while U.S. futures slipped.
A look at the day ahead in European and global markets from Rae Wee The global chip rout extended into Friday, with stocks in Taiwan and Japan bearing the brunt of the beating, while South Korean
Extreme volatility in South Korea’s world-beating stock market is alarming policymakers, who fear trading is being driven more by leverage than...
(Bloomberg) -- A selloff in Asian chip stocks gathered pace, as Taiwan Semiconductor Manufacturing Co.’s strong results failed to clear investors’ lofty expectations, stoking worries over heavy spending and a weaker outlook for profitability. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsCIA Says AI Drones Give Russian Troops Onl
That guidance miss didn't help improve sentiment on the beaten-down streaming giant.
Netflix highlights long-term growth through subscriptions, pricing and ads despite short-term investor concerns over slower quarterly momentum.
By Daniel Becerril and Sarah Morland MONTERREY, July 16 (Reuters) - With balloons, confetti and optimism, U.S.-based Cal-Mex food chain Chipotle on Thursday opened its first restaurant in the country,
Netflix shares sank nearly 9% after issuing third-quarter revenue guidance below Wall Street's $13 billion estimate.
(Bloomberg) -- President Xi Jinping hailed China’s progress in developing low-cost artificial intelligence, pressing his personal imprint on the country’s rapidly expanding global influence to call for a more open technological order.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsCIA Says AI Drones Give Russian Troops Only 30 Minu
Cathie Wood, CEO of Ark Investment Management, is known for buying high-growth stocks soon after they go public, especially when share prices pull back after an early rally. That's exactly what she's doing with SpaceX this week, adding more than $36 million worth of the newly public stock as it ...
A federal judge has dismissed a lawsuit filed against the coffee shop giant, agreeing that its former CEO did not make “flagrantly false” statements about its sales results.
Though the stock market has been dilly-dallying, as the British would say, UBS is sticking to its bullish outlook for the S&P 500. Though not a price-target reset, the bank’s latest message sharpens the debate over what must happen next for stocks to continue climbing. Earlier gains were ...
Brookfield (NYSE:BN) shareholders approved a key transaction resolution at the company’s annual and special meeting, advancing a plan to combine Brookfield Corporation and Brookfield Wealth Solutions Ltd. under a single publicly traded company referred to during the meeting as New BN. Frank McKenna
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