Intel Rallies On Reported Apple Chip Deal
A Potential Boost For Intel Foundry Intel shares surged after a report said the company has reached a preliminary deal to manufacture some chips for Apple devices. The agreement, if finalized, would
McDonald’s Beats As Value Demand Rises
Results Top Wall Street Forecasts McDonald’s reported stronger than expected first quarter earnings as consumers continued to seek value in a more difficult economic environment. The fast food giant posted adjusted earnings
Alphabet Rises On Cloud And AI Strength
Results Beat Wall Street Expectations Alphabet shares rose more than 3% after the Google parent reported first quarter results that beat analyst expectations on both revenue and earnings. The performance was supported
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
Disney Posts Q3 Beat on Earnings, Misses on Revenue
Streaming Gains Offset Traditional TV Decline Disney exceeded Wall Street expectations on adjusted earnings per share but fell slightly short on revenue for its fiscal third quarter. The company reported adjusted EPS
Uber Reports Strong Q2 and Unveils $20B Buyback
Revenue Beats Estimates, Profit Rises Sharply Uber posted second-quarter results that met profit expectations and beat revenue forecasts, while also announcing a massive $20 billion stock buyback plan. The company reported earnings