Accelerating demand reported by major cloud providers improved sentiment toward infrastructure companies across the AI investment cycle.
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(Bloomberg) -- Boeing Co. received sign off for the 737 Max 7 from the Federal Aviation Administration, ending a drawn-out certification process that was upended by two fatal crashes and quality lapses at the US planemaker. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedAlibaba Adds to China AI Breakthroughs With New Qwen Model Stocks, Bonds Rise as US-Iran Hopes Spur Oil Drop: Markets WrapBeer Dynasty Families Sell €731 Million Stake in AB InBevIran Says Hormuz Talk
Boeing’s 737 MAX 7, the smallest jet in the plane maker’s narrow-body family, has at long last won certification from federal air-safety regulators. The plane had originally been expected to enter service in 2019, but two fatal crashes of a larger version of the jet, and other Boeing safety and quality problems, got in the way. Boeing shares gained 6.1% in midday trading.
ServiceNow (NOW) plans to cut up to 1,000 jobs, and its stock went up on the news. That reaction surprised many people, given that layoffs usually signal trouble. Yet NOW's stock price climbed toward $111 after the plan surfaced, up about 9% over five trading sessions. The stock had fallen more ...
Blowout cloud earnings and a sudden geopolitical thaw sent the biggest AI names surging Monday, but the question investors are scrambling to answer is whether the rally signals a lasting regime change or just a relief bounce before the next round of capex anxiety.
Robinhood Markets (Nasdaq: HOOD), the e-brokerage platform popular for its equity, crypto, and tokenized stock offerings, last week reported the financial results for the second quarter of 2026. The firm posted $1.31 billion in revenue and $0.62 in earnings per share (EPS), beating Wall ...
Toyota reported fiscal first quarter results on Tuesday that topped estimates for revenue and net income, and the world's largest automaker raised its full-year profit forecast and announced a share buyback even as US tariffs and softer sales hit operating profit.
Valued at a market cap of $22 billion, electric vehicle manufacturer Rivian has underperformed the broader markets in recent years. Down 80% from all-time highs, the EV maker beat Wall Street revenue consensus estimates in Q2 and surprised investors with a lower capital spending forecast. For ...
SNDK heads into fiscal Q4 results with AI-fueled SSD demand, firmer NAND pricing and rising TLC and QLC adoption.
SpaceX nears deal for a new spaceport in Louisiana. Elon Musk seeks AI engineers. Defunct Falcon 9 stage to crash into moon. SPCX stock rises ahead of earnings.
Netflix was founded in 1997 as a DVDs-by-mail rental service, and it expanded into online streaming a decade later. Over the years, streaming has changed the way Americans and viewers worldwide watch movies and TV shows, and Netflix has become the largest paid subscription streaming service. Here’s ...
Uber and Lyft report earnings this week, but one ride-sharing giant stands out as the much stronger long-term buy.
Investing.com -- Truist Securities upgraded Corning Incorporated to Buy from Hold, saying the stock’s roughly 45% pullback in July presents an attractive entry point, while lowering its 12-month price target to $175 from $205 to reflect higher discount rates and lower sector valuation multiples.
PTEN expects about 100 average U.S. rigs in Drilling Services during the third quarter, with adjusted gross profit projected at around $145 million.
Best Buy (BBY) has spent years trying to shake off a sales slump, and its next leader thinks part of the answer is smaller buildings. Jason Bonfig, who becomes Best Buy's sixth chief executive on November 1, told CNBC that he wants to open compact stores in towns and neighborhoods that its ...
Amazon shares jumped 5% this morning, propelling the company to a $3.08 trillion market valuation. The gain comes on the heels of a 15% jump on Friday, when Amazon stock had its best day in years after investors liked what they saw in its latest report card.
Kinross' Q2 earnings beat estimates as higher gold prices lifted revenue and margins despite lower production and rising costs.
Boeing is in the midst of an extended turnaround that has found a new believer on Wall Street. The stock is up about 2% Monday morning.
Amazon's market value topped $3 trillion for the first time on Monday, helped by a sharp rally following strong earnings and signs that the AI boom is driving fresh demand for its cloud-computing services, the company's main profit engine. The Seattle-based e-commerce and cloud computing giant's stock surged 15% on Friday after it delivered its strongest cloud growth in more than four years and raised its annual capital spending forecast. Amazon and Microsoft are the only two of the "Magnificent Seven" companies, out of the six that have reported so far, whose AI spending has paid off in investors' eyes.
Bristol Myers Squibb stock is surging Monday following a report of a potential mega-merger with a competitor.
SpaceX reported second quarter results on Tuesday that topped estimates — its first report as a public company — which comes as the stock has been in a recent free fall.
Visa is acquiring BioCatch, a fraud-reduction platform that uses artificial intelligence , for $2.4 billion in cash.
Earnings continue to be the market's engine, and a series of results this week from Palantir, SpaceX, and AMD are set to rev up stocks again.
Analyst points to increasing concerns over Federal Reserve credibility, rising long-term Treasury yields, and the potential unwinding of yen carry trades as major risks for Bitcoin.
Palantir stock jumped after the company smashed earnings estimates and raised its full year guidance.
Palantir stock jumped ahead of its quarterly results on Monday.
Investment firm KKR has struck a deal to acquire medical-device outsourcing company Integer Holdings for about $4.3 billion in cash.
Alibaba Stock Rallies After Unveiling Powerful New Qwen AI Model