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IBM (IBM) stock plunged over 20% in Tuesday's session after releasing weaker-than-expected preliminary results for its second quarter. Yahoo Finance Markets and Data Editor Jared Blikre breaks down what IBM's figures is signaling about the broader separation between software and chip stocks.
Lucid said in a statement to Stocktwits that AlixPartners is only assisting the company and “has not recommended bankruptcy to management or the Board.”
Eli Lilly and Company (LLY) on Tuesday received traditional approval from the US Food and Drug Admin
Shares of Citigroup fell 5% on Tuesday after the bank reported second-quarter earnings that underwhelmed investors, diverging from rival lenders whose shares rose in afternoon trading. The move was the largest decline since April 4, 2025, when Citi’s stock fell 7.8% following President Donald Trump’s sweeping tariff plan announcement. Citi reiterated its earlier full-year target of 10%-11% for return on tangible common equity, or RoTCE.
(Updates with Claritev's response in the fourth paragraph.) The US Justice Department recently se
Ecommerce and internet stocks could continue to gain as second quarter earnings season provides greater clarity on profit margins and growth trends, according to Jefferies analysts, who believe valuations across the sector remain attractive despite ongoing concerns about artificial intelligence...
William Blair says Casey’s, Costco, Cava, and other consumer companies are well positioned to weather inflation and uneven consumer spending.
(Bloomberg) -- The historic boost to US crude exports triggered by Iran war disruptions to global energy supply will likely endure and has even revived interest in new pipeline infrastructure, according to the head of the largest US oil port.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeTrump Shelves 20% Fee for Hormuz Cargo After Gulf PressureUS CPI Falls for the First Time Since 2020, Core Gauge FlatA Cocaine Bust in Spain Leads All the Way to Wall Str
Citigroup stock dove, reversing earlier gains, after the earnings call raised more questions for investors. The bank’s earnings print beat estimates, but during the earnings call Citi maintained its 10% to 11% full-year return on tangible common equity outlook, an important metric for the industry. Citigroup was the worst performing name within the State Street Financial Select Sector ETF, dragging the ETF back to just above the flatline.
June's softer-than-expected CPI reading is a vital variable that keeps new Fed Chair Kevin Warsh from being forced to choke off market liquidity with aggressive rate hikes.
PepsiCo management spent its latest earnings call defending its big bet on North American growth, and the answers revealed exactly where the strategy is under pressure.
TYLSemi, a startup founded by executives from recent Qualcomm acquisition AlphaWave, on Tuesday said it has raised $43 million in early funding to help companies build their own AI chips. The market for such AI chips is booming, with major companies such as Meta Platforms working with Broadcom and others to develop custom semiconductors. Broadcom and its rival Marvell Technology both have proprietary technology for making chips talk to each other at high speed, and the only way to access that technology is to work with them to develop a custom chip.
39% That is how much the combined earnings of five big banks jumped in the most recent quarter from a year ago, with JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup and Wells Fargo collectively earning more than $49 billion.
Every good party has one guest who starts eyeing the door while the music is still loud. They are not trying to spoil anything. They have just seen how these nights tend to end. Wall Street has its own version of that guest, and right now the speakers are cranked. The S&P 500 keeps closing at ...
Investing.com -- Lucid Group Inc. shares were trading roughly 20% lower on Tuesday, paring earlier losses of as much as 55%, after the EV maker rebuffed earlier reports of a potential bankruptcy filing.
Hachette, Cengage, Elsevier, and other publishers allege that Google trained its AI on copyrighted works without the necessary permissions.
Meta stock is back in rally mode, for now.
The U.S. auto industry has to be prepared to take on China’s fiercely competitive carmakers and expect that one day they will break into America, Ford Motor’s executive chairman said Tuesday. “We have to go toe-to-toe with China,” said Bill Ford, the automaker’s executive chair, at an Axios event in Washington, D.C., on Tuesday.
Lucid stock collapsed by half in a single afternoon after reports surfaced that the EV maker hired turnaround specialists to weigh options that range from going private to a potential court filing, and now shareholders are left waiting to find out which path the Saudi-backed automaker actually chooses.
Netflix is facing a host of challenges as it prepares to report its second-quarter results late Thursday.
Delivery Hero said talks are at an advanced stage, and didn’t comment on speculation regarding the price of the offer.
A bad day for International Business Machines has turned into great day for CrowdStrike Holdings and other cybersecurity companies. The reason why seems to be a short reference about cybersecurity in a letter to shareholders from IBM CEO Arvind Krishna. Krishna discussed how IBM clients in June shifted quarterly capital spending toward servers, storage, and memory purchases ahead of expected price increases.
Brookfield's Csquare is expected to start trading July 16.
<p>Inflation is running at 3.5% year-over-year, ongoing geopolitical shocks are disrupting global oil supplies, and consumer electronics prices are soaring because of AI memory shortages. This is exactly the inflation environment gold ETFs were built for — and most investors are underweight.</p>
(Update with the Justice Department's response to a request for comment in the third paragraph.)
Bank of America comfortably beat Wall Street's expectations. But does that make the stock a buy?
(Bloomberg) -- Lucid Group Inc. shares sank Tuesday after a news report said the electric vehicle maker is working with a restructuring advisor and weighing options that include filing for bankruptcy protection or going private.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeUS CPI Falls for the First Time Since 2020, Core Gauge FlatA Cocaine Bust in Spain Leads All the Way to Wall Street‘We Faltered’: IBM Plunges Most Since 1968 on Sales MissTrump Shelves
Jamie Dimon said conditions were nearly ‘as good as it gets’ after JPMorgan reported a big jump in profit.
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