Goldman Sachs, Wells Fargo, and Citigroup all passed the Fed's 2026 stress tests and plan dividend increases of up to 12%, with yields ranging from roughly 1.9% to 2.4%.
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The Patent and Market Court in Stockholm ruled Google unlawfully favored its own shopping comparison service, though the award fell well short of what PriceRunner sought
Sony said on Wednesday it will stop producing physical discs for all new games released on PlayStation consoles from January 2028, marking a full shift to digital distribution as consumer purchases continue to move online. Digital downloads accounted for about 80% of Sony's full-game software sales in fiscal 2025, according to the company, reflecting a years-long shift toward digital game purchases. The Japanese entertainment and technology company said new PlayStation titles released from January 2028 will be sold through the PlayStation Store and by retailers in digital formats only.
Comcast is set to announce its second-quarter results this month, with analysts forecasting double-digit decline in its bottom-line figure.
Alcoa expands upstream portfolio with major South32 dealShares of Alcoa Corporation (NYSE:AA) declined nearly 5% in pre-market trading on Wednesday after the aluminium producer agreed to acquire South32’s bauxite, alumina and aluminium operations in a transaction valued at $4. 1 billion.
FactSet beats Q3'26 earnings and revenue estimates as organic growth, ASV gains, client demand and stronger cash flow offset margin pressure.
In the stock's second week of trading, investors are wondering whether the price swing is an opportunity or a warning.
(Bloomberg) -- Sony Group Corp. will end production of physical discs for its PlayStation video-game consoles starting in January 2028, going all in on a digital approach that will require consumers to download titles from the company’s online storefront moving forward.Most Read from BloombergSpaceX IPO Left Mirae With No Shares on MisunderstandingTrump Reports at Least $1.4 Billion in 2025 Crypto EarningsSupreme Court Backs Birthright Citizenship in Blow to TrumpDemocratic Socialist Ousts 15-Te
The French energy company plans to fold Cognite into AVEVA, its industrial software unit, pending regulatory approval
TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Strategy fell 7.72% (net) in the quarter compared to -6.35% for the Russell Midcap Growth Index. In the first quarter, markets navigated geopolitical tensions and economic resilience alongside […]
Since July 2021, the S&P 500 has delivered a total return of 72.2%. But one standout stock has more than doubled the market - over the past five years, Toll Brothers has surged 179% to $164.09 per share. Its momentum hasn’t stopped as it’s also gained 21% in the last six months thanks to its solid quarterly results, beating the S&P by 12.6%.
Investing.com -- Wolfe Research has upgraded Fox Corp. to Outperform from Peer Perform in a note on Wednesday, setting a $71 price target and arguing that the company's planned merger with Roku creates a more dynamic growth story than the market is currently pricing in.
A one-time $986 million tariff recovery drove most of the EPS and margin beat
Watchdog says company restricted app store competition.
A Swedish court ordered Alphabet’s Google to pay Klarna $1.97 billion in damages after the buy now, pay later company won an antitrust case alleging that the search giant engaged in anticompetitive practices. Klarna’s price-comparison unit, PriceRunner, sued Google in 2022 in Swedish court. PriceRunner alleged Google was giving preferential treatment to its own price-comparison service in its search results.
July 1 () - Micron Technology and General Motors have signed a supply agreement for memory and storage platforms used in vehicle production, the companies said on Wednesday. The agreement comes at a time when automakers are looking to bolster their semiconductor supply chains to help with growing computing needs on modern vehicles.
Blackstone will release its second-quarter earnings soon, and analysts anticipate a low double-digit bottom-line growth.
Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter. The move could reduce Meta's reliance on advertising revenue and help it take on major cloud companies, including Amazon, Microsoft and Alphabet. Meta did not immediately respond to a request for comment.
July 1 (Reuters) - Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter.
Analysts at Wedbush gave SpaceX an "outperform" rating with a price target of $190 a share. The stock rose 2% on Wednesday morning.
Textron will release its second-quarter earnings soon, and analysts anticipate a low single-digit profit dip.
Newmont will release its second-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
Lennox International will release its second-quarter earnings soon, and analysts anticipate a single-digit profit dip.
Investing.com -- Citi cut its price target on Strategy Inc. to $136 from $260 in a note Wednesday, while maintaining its Buy rating and High Risk designation, after revising its 12-month Bitcoin forecast 27% lower to approximately $81,800.
A Swedish court on Wednesday ruled that Google-parent Alphabet abused its internet search-related market power in comparison shopping services versus Klarna Group's Pricerunner unit. Google was ordered to pay Klarna nearly $2 billion in damages. Klarna stock popped on the news.
Investing.com - U.S. stock futures pointed lower on Wednesday as investors awaited fresh remarks from Federal Reserve Chair Kevin Warsh and monitored uncertain peace talks between the United States and Iran.
Kroger is buying regional grocer and pharmacy retailer Giant Eagle in a deal valued at $1.65 billion. Giant Eagle, which is privately held, has 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. Kroger has thousands of stores operating under various brands, including Ralphs, King Soopers, Smith’s and Fred Meyer.
National Grid will get a 35% stake in Joulent, which is developing contracted power generation and high-voltage infrastructure for U.S. customers that require substantial amounts of power.