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The S&P 500 is on track to end an eight-session winning streak as traders also await April PCE inflation data expected to hit 3.8%
Li Auto reports a first-quarter per share loss of 15 cents while Wall Street was looking for a loss of 13 cents. XPeng reports a loss of 13 cents; Wall Street expected a loss of 10 cents.
Both XPeng and Li Auto reported a double-digit year-on-year decline in revenue, while still exceeding Wall Street expectations.
JERUSALEM, May 28 (Reuters) - Israel's Wix.com, which helps small businesses build and operate websites, is laying off 20% of its workforce, or more than 1,000 workers, CEO Avishai Abrahami said on
Israel's Wix.com, which helps small businesses build and operate websites, is laying off 20% of its workforce, CEO Avishai Abrahami said on Thursday, citing a strong shekel versus the dollar and the rapid evolution of AI. The shekel has appreciated nearly 30% against the dollar over the last year to reach a 33-year peak.
Chinese electric-vehicle maker XPeng had a weak start to 2026, slipping back to a loss in the first quarter after becoming profitable at the end of last year.
Costco Wholesale is the last major retailer to report results this earnings season. After multiple retailers noted, however cautiously, that consumers are still spending, investors will be looking to see if Costco does the same. For its fiscal third quarter, Costco is expected to earn $4.98 a share, a 16.3% increase from the year-ago period, on a 10% rise in revenue to $69.68 billion.
Last year, during the company's third-quarter earnings call, Ford CFO Kumare Glahotra made a promise to investors. “Improving quality is the single biggest driver to close our cost gap. Better quality lowers warranty expense and reduces recalls,” Galhotra said. But so far this year, Ford once again ...
Salesforce expects average Q2 revenue at $11.3 billion, marginally missing expectations of $11.4 billion.
When one of Wall Street's most closely watched fund managers starts trimming a stock that's on a tear, investors take notice. Cathie Wood has been quietly but consistently reducing her firm's position in Advanced Micro Devices throughout May. That alone raises a question worth asking: What does she ...
Investors weigh softer WATCHMAN and urology demand against a still-active device pipeline and capital deployment moves, today, May 27, 2026.
The data-center boom is still going strong for Marvell Technology The chip company reported better-than-expected first-quarter revenue and sees higher revenue than expected in the current quarter. Marvell reported revenue of $2.42 billion, compared with Wall Street estimates of $2.41 billion, according to FactSet. Adjusted earnings for the quarter of 80 cents per share were in-line with analyst expectations.
Salesforce (CRM) reported first quarter results on Wednesday after the closing bell. Adjusted earnings per share (EPS) came in at $3.88 (compared to analyst estimates of $3.13), and revenue came in at $11.13 billion (compared to analyst estimates of $11.05 billion). Market Domination Overtime host Josh Lipton dives into the cloud platform operator's earnings release in the video above.
Salesforce stock fell on disappointing guidance while Q1 earnings and revenue beat estimates as artificial intelligence products gained traction.
(Bloomberg) -- American Airlines Group Inc. said it continues to see strong demand for travel, even as surging jet fuel drives up ticket prices and consumer confidence in the US edges down. Rival United Airlines Holdings Inc. also said demand continued to be robust. Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadEx-President Biden Sues to S
(Updates prices.) Gold fell to a two-month low early on Wednesday, even as the dollar dipped as o
It has become a pattern. A public company lays off employees and says it has found new efficiencies due to AI. Its stock trades higher immediately. This happened yesterday. The job loss count was modest. Groupon (NASDAQ: GRPN) cut 400 people, but the cut was high relative to its overall employee count. It employs a ... Another Company Trades AI Layoffs For Stock Price
The investigation comes as Nvidia and its partners face increasing compliance scrutiny.
For years, investors could count on one thing from the Federal Reserve: when the economy weakened, rate cuts were usually right around the corner. But 2026 is shaping up differently. Inflation has started climbing again, even as the labor market cools. Unemployment is up to 4.3% while consumer prices accelerated above the Fed’s 2% target ... Fed Chair Kevin Warsh Was Just Sworn In at the White House. The Last Time This Happened, the Stock Market Crashed
The company lost about 70% of its value as Amazon gained ground and relationships with top ad agencies soured.
Abercrombie & Fitch stock rose Wednesday after the clothing retailer reported better-than-expected quarterly earnings despite stagnant sales. Abercrombie stock jumped 9.2%. Shares had tumbled 41% this year on weaker-than-expected holiday sales and a rough fiscal-year forecast.
Bitcoin dropped roughly 2% on Wednesday to hover near $75,500 per token.
Gold fell to a two-month low early on Monday, even as the dollar dipped as oil prices weakened ahead
Report says prosecutors suspect Nvidia chips were routed to China through Japan.
PDD stock slumped early Wednesday after the Chinese e-commerce giant and Temu parent company reported a Q1 revenue miss.
PDD stock was falling 5% ahead of the open Wednesday after the Temu parent missed earnings and revenue estimates in the first quarter.
Non-European satellite operators such as Elon Musk's Starlink and Amazon's low-earth-orbit business can bid for mobile satellite spectrum, the European Commission said on Wednesday, leaving the door open to U.S. companies while also decreasing the share of spectrum they will be able to acquire. But the push has been marked by internal divisions at the Commission, with some wanting to be more aggressive and others wanting a more gradual line. Two thirds of the available spectrum will be divided equally between EU and non-EU operators for commercial use, the EU executive said, confirming a Reuters report.