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Asian chip firms lifted by Nvidia forecast but broader markets struggle
AFP7d agoneutral
Asian chip firms lifted by Nvidia forecast but broader markets struggle

Asian chip firms rallied Thursday following more blockbuster earnings from Nvidia that eased worries over the AI investment boom, though the euphoria was tempered by US data showing stubbornly high inflation.Nvidia is considered the bellwether for the AI spending frenzy, with its results largely determined by mega purchases from AI giants such as OpenAI, Amazon, Microsoft and xAI. The firm has led an eye-watering rally by tech firms over the past year and in October became the first to hit a mar

Meta Talking With States to Settle Landmark Lawsuit That Claims Facebook and Instagram Were Designed to Be Addictive to Kids: Report
Benzinga7d agobearish
Meta Talking With States to Settle Landmark Lawsuit That Claims Facebook and Instagram Were Designed to Be Addictive to Kids: Report

Meta Platforms, Inc. (NASDAQ:META) is reportedly in discussions with states to settle its high-profile trial over alleged harm to young social media users. Meta, States Discuss Potential Settlement The Mark Zuckerberg-led tech giant and state attorneys general are discussing a mid-trial settlement while a federal trial is ongoing, Bloomberg reported Tuesday, citing people familiar with the matter. The company is accused of intentionally designing Facebook and Instagram to keep teens addicted to

Agilent Technologies Q3 Earnings Call Highlights
MarketBeat7d agoneutral
Agilent Technologies Q3 Earnings Call Highlights

Agilent Technologies (NYSE:A) reported third-quarter fiscal 2026 revenue of $1.88 billion, with core revenue growth of 7.3%, exceeding the high end of its guidance range. The company said earnings per share were $1.56 excluding tariff-refund benefits, up 14% from a year earlier and $0.06 above the t

Associated Press7d agoneutral
How major US stock indexes fared Wednesday 8/26/2026

The U.S. stock market drifted through a quiet day of trading after a report said inflation last month was a touch worse than economists expected. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite slipped 0.1%. Treasury yields ticked higher following the update on inflation, which has traders still mostly betting the Federal Reserve will hike the federal funds rate by the end of this year.

American Eagle, Dick's, Gap, Victoria's Secret, and Urban Outfitters Stocks Trade Up, What You Need To Know
StockStory7d agoneutral
American Eagle, Dick's, Gap, Victoria's Secret, and Urban Outfitters Stocks Trade Up, What You Need To Know

A number of stocks jumped in the afternoon session after fresh economic data revealed core PCE inflation held steady at 3.3% while resilient consumer spending supported modest second-quarter economic growth. Abercrombie set the tone for the sector after delivering record second-quarter net sales of $1.27 billion and raising its full-year outlook. The company's 15th consecutive quarter of top-line growth, highlighted by earnings of $4.17 per share and operating margins nearing 20% according to th

Why Is Costco (COST) Refunding Tariff Duties While Fighting A Class Action?
Simply Wall St.7d agoneutral
Why Is Costco (COST) Refunding Tariff Duties While Fighting A Class Action?

Costco Wholesale (NasdaqGS:COST) has begun refunding customers for unlawful duties collected on certain tariffed goods. The company is contesting a related class action lawsuit that challenges how those tariff related charges were handled. The refunds and legal dispute raise questions about future liabilities, customer relationships, and Costco's brand image. This kind of tariff and legal exposure is not unique to Costco. It can be useful to compare it with other companies that share...

Parent of teen who died by suicide 'satisfied' with Meta settlement
Reuters Videos7d agoneutralVIDEO
Parent of teen who died by suicide 'satisfied' with Meta settlement

<body><p>STORY: :: Parent of teen says 'very pleased' with Meta settlements on child safety</p><p>:: Oakland, California / August 26, 2026</p><p>:: Victoria Hinks, Daughter died by suicide at age 16</p><p>“No amount of money is ever going to bring my beautiful daughter back. I miss her every day. It's the first thing I think of when I wake up. Last thing I think of, she should be going off to college. She would have graduated from high school. We live local, we live in Marin. She would have graduated from Redwood High School. She should be going off to college. Instead, I visit her every day in the cemetery in back of our house.” // "Mark Zuckerberg does not want to go up against and see all the information that they have. So, I'm very pleased. There's lots of lawsuits coming for these companies. Lots of parents, and yeah, I am satisfied. I feel like there's, like justice is possible. So yeah.”</p><p>The settlements announced on Wednesday end a federal trial that had been one of the highest-profile tests of allegations that social media companies harm children.</p><p>While Meta will not undergo a fundamental overhaul, the accords represent a sweeping effort to define how it serves young users.</p><p>Meta agreed for the next decade to restrict teenagers' use of Facebook and Instagram to two hours a day and block all usage from midnight to 6 a.m., absent parental consent.</p><p>These limits could be tightened if other social media companies adopt similar terms. Meta will also enhance measures to prevent children from accessing age-restricted content.</p><p>The settlement does not require Meta, which denied wrongdoing in agreeing to settle, to abandon personalized recommendations or targeted advertising. The total payout represents about three to four months of profit for the Menlo Park, California-based company.</p></body>

Tariffs Hurt Williams-Sonoma More Than the Housing Market
Barrons.com7d agoneutral
Tariffs Hurt Williams-Sonoma More Than the Housing Market

Williams-Sonoma stock dropped on Wednesday even though the home specialty retailer delivered a beat-and-raise quarter in tough times for housing. The stock is up 25% this year, but down 11% from its all-time closing high of $251.78 on Aug. 7, according to Dow Jones Market Data. While other retailers are logging tariff refunds, Williams-Sonoma is feeling a sting.

How Redfin’s Renewed Rental Ad Freedom and Zillow Pact at Rocket (RKT) Has Changed Its Investment Story
Simply Wall St.7d agoneutral
How Redfin’s Renewed Rental Ad Freedom and Zillow Pact at Rocket (RKT) Has Changed Its Investment Story

Earlier this month, Rocket Companies’ Redfin resolved a Federal Trade Commission and multi-state investigation into its multifamily rental-listing agreement with Zillow, preserving the partnership through at least 2030 and lifting prior competitive restrictions. The settlement allows Redfin to restart its own rental advertising business while still receiving listings and payments from Zillow, reshaping Rocket’s rentals-focused revenue opportunities. We’ll now examine how Redfin’s renewed...