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Ride sharing and on-demand delivery platform Uber (NYSE:UBER) met Wall Street’s revenue expectations in Q2 CY2026, with sales up 12.2% year on year to $14.19 billion. Its non-GAAP profit of $0.81 per share was in line with analysts’ consensus estimates.
Netlist has struck a five-year deal to license its memory chip patents to Samsung Electronics, it said on Wednesday, gaining access to the South Korean firm's products and ending years of legal disputes between the companies. Here are some details: • Netlist develops advanced memory and storage technologies, including server memory and high-bandwidth memory technologies used in AI computing. Samsung will receive access to Netlist's patent portfolio, including its server dual in-line memory module and high-bandwidth memory technologies used in AI servers and high-performance computing.
The Supreme Court forced Washington to return over a hundred billion dollars in tariff money, but Treasury Secretary Scott Bessent made a bold prediction about where that cash would actually land. Six months later, the numbers are in.
Uber Technologies notched higher revenue in second quarter, driven by growth in its delivery business as the company continues to grow volumes and active users.
$1.4 trillion That's how big the market for data center AI accelerators—microchips designed to process tasks like machine learning—will be by 2030, according to Advanced Micro Devices CEO Lisa Su. During yesterday's earnings call, she said the data-center market is expanding “far more rapidly than we projected just six months ago," boosting her company's growth prospects.
NRG Energy (NYSE:NRG) reported second-quarter 2026 adjusted EBITDA of $1.2 billion, up 34% from a year earlier, while outlining plans for a 1.2-gigawatt Texas power plant intended to support a cloud and artificial intelligence hyperscaler’s data center load. President and Chief Executive Officer Ro
Uber Technologies forecast current-quarter adjusted earnings below Wall Street estimates on Wednesday, saying that foreign exchange would trim bookings growth and reaffirming plans to invest heavily in robotaxis and acquisitions. The global ride-hailing and delivery giant's capital allocation has become a key investor focus after it announced a $14.8-billion deal for Delivery Hero last month, which it plans to fund with existing liquidity and debt. The company on Wednesday also outlined plans to spend more than $10 billion on autonomous vehicles over the coming years, but did not provide a specific timeline.
Some analysts see warning signs in crucial drug launches from Gilead and Merck, while an important trial readout could change Pfizer’s growth trajectory.
(Bloomberg) -- Uber Technologies Inc. issued a bookings outlook that just met analyst estimates and said fierce competition in the key Brazil market weighed on trips volume, compounding concerns from investors about the company’s ability to evolve in the robotaxi era.Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersSpaceX’s AI Splurge Puts a Damper on Debut Earnings After IPOBeer Dynasty Families
Activewear maker Delta Galil has reported an increase in Q2 profit, lifted by tariff refunds, a portion of which it will invest in its manufacturing and supply chain to drive future growth.
Disney managed a solid showing in its third quarter, bolstered by movies like “Toy Story 5” and ongoing strength from its U.S. theme parks that helped to offset continued weakness from international tourism. Disney also announced a global short-form content sharing deal with TikTok on Wednesday. The agreement will bring Disney-focused fan-created content from TikTok to the Disney+ app.
Third-quarter revenue increased 7% to $25.2 billion, driven by growth from the company’s experiences unit.
Wayfair CFO Kate Gulliver on signs of a rebound in the U.S.; Elon Musk outlined ambitious targets for SpaceX following its first-ever earnings report; Procter & Gamble will buy supplement company Thorne; plus, Portillo’s hires new CFO. Furniture and home improvement companies often offer good indicators for how the U.S. economy is performing, as those businesses reflect the sentiment of consumers and key discretionary spending behavior for items such as sofas, tables and decor.
August 5 (Reuters) - What matters in U. and global markets today , Editor-at-Large, Finance and Markets For all the doubts and handwringing, the S&P; 500 and Dow Jones are back at record highs after surging on Tuesday amid falling oil prices and the bumper earnings season.
August 5 (Reuters) - Investors are pouring money into U. healthcare stocks, betting that improving earnings, rising dealmaking and attractive valuations will extend the sector's rebound after years of underperformance.
Disney's parks saw a return to growth after a slump in Q2.
Disney's revenue rose 7% to $25.2 billion in the third fiscal quarter. An increase in theme park revenue and the huge box office performance of “Toy Story 5” drove the result. Disney shares jumped premarket.
Walt Disney Co. reported a 6% bump in revenue and 21% boost in segment operating income during its fiscal third quarter earnings call on Wednesday.
Kenya's Nairobi Securities Exchange is creating East Africa's first AI stocks-focused exchange-traded fund, which it plans to offer to investors before year-end, its CEO said. The Nairobi market attracts a sizeable proportion of foreign equity investors given its profitable banking sector and telecoms operator Safaricom, but it does not currently offer exposure to AI stocks. "We want essentially to be able to bring a product to our market where the underlying basket is a reflection of companies that have a direct exposure to AI," Frank Mwiti told Reuters.
Pinterest (NYSE:PINS) shares dropped 9. 0% in pre-market trading after the social media platform released quarterly results that exceeded expectations but issued forward guidance that failed to meet investors’ hopes.
Citadel’s purchase of the bulk of the stock portfolio of the AI-focused hedge fund Situational Awareness helped propel its performance last month. Citadel’s flagship Wellington fund, a more diversified vehicle that includes wagers on and against shares alongside credit, commodity, macro and quant positions, gained about 6% in July, while Citadel’s tactical-trading fund gained about 11%, the person said. Citadel snapped up the AI stocks from Situational on July 30, at a discount of greater than 10%, as the San Francisco-based firm was scrambling to raise cash to meet margin calls following a brutal tech selloff, The Wall Street Journal previously reported.
Transport for London granted private-hire vehicle licenses to a number of Wayve’s autonomous vehicles, which will operate with a private-hire driver behind the wheel to take control when necessary.
Merck & Co., Inc. (NYSE:MRK) reported second-quarter revenue of $16.6 billion, up 5% from a year earlier, driven by oncology, animal health and contributions from newer product launches. Revenue increased 4% excluding foreign exchange, according to Chief Financial Officer Caroline Litchfield. T
Marathon Petroleum (NYSE:MPC) reported second-quarter 2026 adjusted EBITDA of $8.5 billion and earnings per share of $17.73, as strong refining margins, high utilization and crude sourcing optimization lifted results across its operations. Cash flow from operations, excluding working-capital change
McDonald's (NYSE:MCD) reported second-quarter global comparable sales growth of 1.3% and systemwide sales growth of 4% in constant currency, as positive results across all operating segments were tempered by weaker-than-expected execution in the U.S. business. Adjusted earnings per share were $3.38
SpaceX laid out $18.4 billion in capital investments during the April-to-June quarter, with most of the spending supporting artificial-intelligence efforts. SpaceX finance chief Bret Johnsen told analysts last night that spending should remain at this level for the rest of the year: “You should probably think that the … next two quarters are very similar to the current quarter.
SpaceX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company. SpaceX reported AI revenue that more than tripled from a year earlier and disclosed several new cloud computing agreements, even as quarterly capital spending on AI climbed to $15.8 billion. Chief Financial Officer Bret Johnsen said the economics of those investments were improving rapidly, but also signaled that AI spending would remain elevated.
SpaceX is becoming an AI giant faster than expected — and it's spending like one.
(Bloomberg) -- Last summer, about 80 government officials and industry executives gathered in Washington to answer a key question: How would the US aluminum supply chain hold up in the event of a major global conflict?Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallSpaceX’s AI Splur
Sandisk has bounced hard off its lows, setting up a limited-risk options trade ahead of earnings.
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