Apple shares slid 8% in extended trading after the tech giant issued weak guidance for the current period, citing ongoing supply constraints, even as fiscal third-quarter earnings and revenue topped Wall Street expectations according to company financial disclosures. Net income climbed to $29.79 billion, or $2.02 per share, up from $23.43 billion, or $1.57 per … Read more
Forced liquidations of leveraged artificial intelligence hedge-fund positions may finally stabilize a volatile AI trade, according to CNBC anchor Jim Cramer. The remarks follow reports from CNBC’s David Faber that prime brokers rushed to sell public holdings for Situational Awareness, an AI-focused hedge fund launched by former OpenAI researcher Leopold Aschenbrenner, after the fund suffered … Read more
Microsoft and Meta delivered divergent earnings reports that prompted contrasting investor reactions, with Microsoft shares climbing 9% in premarket trading while Meta shares dropped 9%, according to financial market data. Microsoft Azure Growth and Copilot Adoption Drive Stock Gains Microsoft posted fiscal fourth-quarter revenue that surpassed analyst expectations, fueled by a 43% growth rate in … Read more
Samsung Electronics forecast a roughly 19-fold jump in second-quarter operating profit, reaching 89.5 trillion won compared to analyst expectations of 88.13 trillion won, according to financial disclosures released by the company. The South Korean technology giant attributes the surge to sustained artificial intelligence demand for memory chips, setting new records in dynamic random-access memory and … Read more
The Federal Reserve opted to keep its benchmark interest rate at a range of 3.5% to 3.75%, according to the central bank’s announcement on Wednesday. While markets largely expected the Federal Open Market Committee to stay on hold, recent comments from several officials indicate a sizable constituency within the central bank considered raising borrowing costs … Read more
According to CNBC, Procter & Gamble reported mixed quarterly results on Wednesday, missing Wall Street’s revenue expectations as consumer demand weakened across multiple product divisions. Shares of the consumer goods giant fell more than 3% in premarket trading following the report, which highlighted persistent value-consciousness among shoppers. P&G Fiscal Fourth-Quarter Results vs. Wall Street Expectations … Read more
Stock futures rose following a losing week for major indexes, driven by falling oil prices, according to market reports from CNBC. Brent crude futures fell more than 7% to drop below the $90 per barrel mark, while U.S. West Texas Intermediate crude futures slid 6.5%, as a fragile pause in fighting between the U.S. and … Read more
Wall Street firms adjusted their positions on major equities, with Piper Sandler upgrading Rivian and Mobileye to overweight while JPMorgan initiated coverage across several sectors, according to recent analyst reports. Wall Street Upgrades Rivian and Mobileye to Overweight Piper Sandler upgraded both Rivian and Mobileye to overweight from neutral, citing compelling valuations for both equities. … Read more
Brent Crude and WTI Prices Retreat From Recent Peaks According to market reports, Brent crude for September delivery fell 4.66% to $92.27 per barrel, while US benchmark West Texas Intermediate (WTI) dropped 5.02% to $84.83 per barrel. The downward correction follows a sharp rally earlier in the month. International standard Brent briefly touched $102 a … Read more
Shein swung to a $99 million quarterly loss in the first quarter of 2026, according to pre-IPO financial filings released on Sunday. Regulatory Pressures and U.S. Revenue Decline The online retailer posted a net income of $395 million during the same period a year earlier. According to the draft prospectus, the downturn was partly driven … Read more