Rivian Stock Surges on Strong 2026 Outlook
Shares jump over 20% after upbeat guidance Rivian shares surged more than 20% in early trading after the electric vehicle maker issued 2026 delivery guidance that met Wall Street expectations and confirmed
Anthropic Raises $30B at $380B Valuation
Second-largest private tech round ever Anthropic closed a $30 billion funding round at a $380 billion post-money valuation, more than doubling its value since September. The raise makes it the second-largest private
McDonald’s Beats as Value Push Pays Off
Quarterly results top expectations McDonald’s reported fourth-quarter earnings and revenue above Wall Street expectations, driven by strong customer response to its renewed focus on value and promotions. The company posted adjusted earnings
Oracle Surges 27% Despite Mixed Earnings Report
AI cloud momentum drives stock to post-market record Oracle shares soared 27% in after-hours trading Tuesday following strong signals of future growth tied to major cloud infrastructure deals, even as the company
Broadcom Beats Estimates, Secures $10B AI Chip Deal
Strong quarterly earnings and bullish outlook Broadcom exceeded Wall Street expectations for its fiscal third quarter and issued strong guidance for the next quarter, signaling confidence in its custom AI chip business.
American Eagle Soars After Bold Ad Campaigns
Sydney Sweeney Ad Draws Fire and Fans American Eagle’s recent marketing campaign featuring Sydney Sweeney has been described by the company as its “best” advertising effort to date. While the campaign stirred
Elliott Targets PepsiCo for Major Turnaround Push
Activist investor sees rare opportunity PepsiCo shares surged Tuesday morning after Elliott Investment Management revealed a substantial $4 billion stake in the beverage and snack giant, signaling a bold activist push. The
Alibaba Surprises with Profits, Cloud Powers Growth
Strong profits despite lower-than-expected revenue Alibaba beat profit expectations in its June quarter, posting a net income of 43.11 billion yuan ($5.95 billion), significantly above the 28.5 billion yuan forecast. However, total
Tesla stumbles in Europe as BYD surges
July marks Tesla’s seventh straight monthly drop Tesla’s performance in Europe took another hit in July, with new car registrations plunging 40% year-on-year to just 8,837 units, according to the European Automobile
Walmart stock dips after mixed Q2 earnings
Profit misses analyst expectations Walmart (WMT) shares dropped more than 4% at the market open Thursday after the retail giant reported second-quarter earnings that fell short of expectations. The Arkansas-based company posted
Citi’s investment bank climbs on Vis Raghavan hires
Viswas Raghavan is reshaping Citigroup’s investment bank with an aggressive hiring spree and cross-division collaboration. Since joining from JPMorgan in 2024, he has brought in more than a dozen senior bankers and
Top Investors Back UnitedHealth
High-profile stakes boost shares Some of the world’s wealthiest investors joined Warren Buffett’s Berkshire Hathaway in buying shares of UnitedHealth Group during the second quarter. Regulatory filings show George Soros, a Swedish
Firefly Aerospace Surges Over 50% in Nasdaq Debut
IPO Prices Above Range, Valuing Firm Near $10 Billion Firefly Aerospace made a strong entrance on the Nasdaq on Thursday, with shares jumping more than 50% during early trading. Listed under the