News

Paramount's (PSKY) largest Hollywood gamble is already under pressure. The company’s proposed $110 billion deal for Warner Bros. Discovery (WBD)merges two media powerhouses at a time when traditional entertainment firms are grappling with streaming losses, decreasing cable audiences, and growing ...

Taiwan's Foxconn, the world's largest contract electronics maker, has "immense ‌confidence" in its growth momentum because of ‌soaring AI demand, Chairman Young Liu said on Friday. The company, ​Nvidia's biggest server maker and Apple's top iPhone assembler, this month reported a 19% rise in first-quarter profit versus the same period a year earlier, ‌beating expectations due ⁠to strong global demand for AI products. Liu, speaking at an annual shareholders meeting ⁠in Taipei's neighbouring city of New Taipei, said AI remains highly sought after, with capital spending by ​the major ​cloud service providers already ​exceeding $700 billion this year.

(Bloomberg) -- SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and artificial intelligence company nears its debut.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekIran’s Khamenei Says No Going Back for Middle East Rocked by WarCVS Returns Zepbound to Drug Plans After Lilly Slashes Pric

Workday Inc. has spent years building one of the stickier positions in enterprise software, serving as a central system for HR, finance, payroll, planning, and employee data inside large organizations. Bank of America says that franchise still matters. The firm reinstated coverage of Workday with a ...

(Bloomberg) -- A blistering rally in Samsung Electronics Co. and SK Hynix Inc. has turned into an unexpected headache for some funds, whose positions have grown so large they’re now forced to sell.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekIran’s Khamenei Says No Going Back for Middle East Rocked by WarCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceUS, Iran Agree to 60-Day Truce Renewa

Moby summary of SentinelOne, Inc.'s Q1 2027 earnings call

Moby summary of ePlus inc.'s Q4 2026 earnings call

Viasat (NASDAQ:VSAT) reported record backlog, modest revenue growth and positive free cash flow for fiscal 2026, while executives said the satellite communications company is positioning for growth from new satellite capacity, defense technology programs and a planned shared space infrastructure ven

There was a time in the late 1950s when American Express (AXP) was a house divided. At issue was whether the financial giant should embrace a new product, with one faction defending the company’s traditional travelers' checks business and another pushing aggressively into the future. One of the ...

Hotter inflation couldn’t stop the S&P 500 and Nasdaq from clocking fresh record closes on Thursday. Plus, a look at consumer spending.

Every Jamie Dimon appearance gets parsed like a Federal Reserve statement. Markets move on a single sentence. Reporters strip-mine each quote for hints. That is the price of running the country's largest bank. For most of his two-decade run at JPMorganChase (JPM), Dimon has been the patient CEO. He ...

Samsung Electronics said on Friday it has started shipping ‌samples of its latest high-bandwidth memory (HBM) ‌chip, or the 12-layer HBM4E, marking what it said ​was the industry's first shipment of such products. Samsung said the chip uses its latest ⁠1c DRAM process technology, or sixth-generation 10-nanometer-class DRAM, alongside Samsung's 4-nanometer foundry logic base die. The move comes just three months after Samsung began shipping its HBM4 chips to customers in February, underscoring Samsung's ‌efforts to strengthen its ​position in the next-generation ​AI memory market ​by proactively supplying samples of ‌its latest products.

Australia's competition watchdog said on Friday that it has initiated legal action against Amazon's local unit, alleging breaches ‌of product safety labelling laws related to children's backpacks. According to ‌the Australian Competition and Consumer Commission (ACCC), the company is accused of supplying children's "Unicorn Toddler Backpacks" ​that were not compliant with mandatory safety standards for button batteries.

Louis Gerhardy: Thank you, Carmen, and good afternoon. Thank you for joining our first quarter fiscal year 27 financial results conference call. On the call with me today is Dr. Fermi Wang, president and CEO, and John Young, CFO.

SentinelOne (NYSE:S) reported a stronger start to fiscal 2027, with management pointing to accelerating annual recurring revenue growth, improving profitability and rising demand for AI-related cybersecurity products. Chief Executive Officer Tomer Weingarten said the company delivered “strong reven

UiPath (NYSE:PATH) reported a stronger-than-expected start to fiscal 2027, with management highlighting growth in annual recurring revenue, revenue and profitability, as well as increasing customer adoption of its artificial intelligence and process orchestration products. Founder and Chief Executi

Okta (NASDAQ:OKTA) executives said the identity security company began fiscal 2027 with strong first-quarter momentum, citing large enterprise demand, partner engagement and contributions from newer products, while emphasizing artificial intelligence agents as a major emerging opportunity for the bu

MongoDB (NASDAQ:MDB) reported stronger-than-expected first-quarter fiscal 2027 results, with management pointing to continued momentum in its Atlas cloud database business, durable demand for Enterprise Advanced and early signs of growth tied to artificial intelligence workloads. President and Chie

Costco Wholesale (NASDAQ:COST) reported higher fiscal third-quarter earnings and sales as strong gasoline demand, continued membership growth and gains in digital sales supported results, executives said on the company’s earnings call. Gary Millerchip, Costco’s executive vice president and chief fi

GAP (NYSE:GAP) reported first-quarter fiscal 2026 results that management said reflected continued progress in its turnaround, with companywide comparable sales rising for the ninth consecutive quarter, even as performance varied sharply across its portfolio of brands. Chief Executive Officer Richa

Autodesk (NASDAQ:ADSK) reported first-quarter fiscal 2027 results above the high end of its guidance ranges and raised portions of its full-year outlook, while announcing a definitive agreement to acquire MaintainX, a maintenance and asset operations software company. President and CEO Andrew Anagn

<body><p>STORY: Wall Street's main indexes notched more record closing highs on Thursday, as the Dow ticked up marginally, the S&P 500 added more than half a percent and the Nasdaq climbed nearly one percent.</p><p>Sources told Reuters the U.S. and Iran reached a draft agreement to extend their ceasefire for 60 days and lift restrictions on shipping through the Strait of Hormuz, though President Donald Trump had yet to approve it.</p><p>Meanwhile, economic data on Thursday showed that U.S. inflation in April rose at its fastest pace in three years and first-quarter GDP was revised lower.</p><p>Chris Kampitsis, managing partner at Barnum Financial Group, said the economic overhang is still being offset by an AI trade that just won't quit.</p><p>"The way I've been describing the impact of the geopolitical events and inflation and interest rates to clients is that all of this represents a drag on the market and a drag on the economy. Concurrently, we have some pluses. We have some accelerants in the form of AI technology and exceptional corporate earnings. Right now, the pluses are outweighing the negatives. If we didn't have this overhang, you could only imagine where the market's results might be as it continues to participate in this euphoric run through what is in essence a technological revolution that we're experiencing."</p><p>:: Archive</p><p>Reflecting that AI euphoria, shares of Dell soared more than 16% in extended trading after the company boosted its annual revenue and profit expectations. Dell reported that data center expansion by clients is fueling demand for its AI-optimized servers powered by Nvidia's chips.</p><p>Snowflake shares soared 36% after the data analytics firm lifted its annual product revenue forecast and announced a five-year AI infrastructure deal worth $6 billion with Amazon Web Services. Peers Datadog and MongoDB also climbed.</p><p>Elsewhere in the market, shares of Dollar Tree jumped almost 18% after the discount retailer lifted its full-year profit forecast, while Best Buy rose nearly 16% after the electronics vendor forecast second-quarter sales above estimates.</p><p>On the flip side, shares of Gap tumbled 14% in extended trading after the apparel chain cut its annual sales forecast, signaling pressure from budget-strained Americans pulling back on discretionary spending amid macroeconomic uncertainty.</p></body>

Constellation Oil Services Holding SA (FRA:QG21) reports robust financial performance with significant EBITDA growth and strategic contract renegotiations, despite maintaining conservative guidance.

Futu Holdings Ltd (FUTU) reports a 25% revenue increase despite a significant drop in net income due to regulatory impacts and increased operating expenses.

During this call, we will make forward looking statements, including statements related to our market and future growth opportunities, our opportunity to win new business, our expectations regarding Atlas consumption growth, the impact of EA and other business and multiyear license revenue, the long term opportunity of AI, our financial guidance and underlying assumptions in our investments and growth opportunities in AI. This customer driven focus is to deliver meaningful outcomes for MongoDB.

The headline numbers for ViaSat (VSAT) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

On the call with me are Daniel Solomon Dines, founder and chief executive officer, and Ashim Gupta, chief operating and financial officer. This afternoon's call includes forward looking statements regarding our financial guidance for the second quarter and full year fiscal 2027, and our ability to drive and accelerate future growth and operational efficiency, and grow our platform, product offerings and market opportunity.

Before we dive into our financial results, I am delighted to say that Ron Vachris is once again joining me for today's call. Ron Vachris: Good afternoon, everybody, and thank you for joining us today. Nowhere has this been more apparent in the third quarter than our gas business, as events in The Middle East, have had a significant impact on product supply and gas prices, our focus, as always, is to be there for our members by staying in stock and offering the best value.

Ripple (CRYPTO: XRP) has spent years trying to plug into the traditional financial system, and Washington may finally be opening the door. President Trump’s May 19 executive order has put Ripple’s application for a Fed master account back in the spotlight, and the crypto market is paying attention. XRP is trading around $1.28 today after ... AI Predicts What XRP Looks Like If Ripple Gets A Fed Master Account

With me today are Jeffrey W. Clarke, David Kennedy and Tyler Johnson. With form factors that scale the AI factory from the largest clusters in the world to the flexibility and efficiencies enterprises need.