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SpaceX's first earnings, AMD Q2 results, JOLTS data: What to Watch
Yahoo Finance Video15d agoneutralVIDEO
SpaceX's first earnings, AMD Q2 results, JOLTS data: What to Watch

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come on Tuesday, August 4, including SpaceX's (SPCX) first-ever earnings report, while Advanced Micro Devices (AMD) also releases quarterly earnings, and fresh employment data comes out in the form of the Job Openings and Labor Turnover Survey (JOLTS).

Bloomberg15d agoneutral
Anthropic Inks $10 Billion Computing Deal With New Cloud Startup

(Bloomberg) -- Anthropic PBC has struck a $10 billion deal for computing capacity from a months-old infrastructure startup, according to people familiar with the matter, marking the Claude maker’s latest effort to keep pace with demand for its products. Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamMamdani Dismisses Business Leaders Advi

Wayfair Swings to Loss on Lower International Sales, Despite U.S. Growth
The Wall Street Journal15d agoneutral
Wayfair Swings to Loss on Lower International Sales, Despite U.S. Growth

Wayfair had a mixed second quarter, as its U.S. business grew while international sales fell. Stripping out certain one-time items, adjusted per-share earnings were 95 cents, ahead of the 90 cents anticipated by analysts, according to FactSet. Analysts surveyed by FactSet had forecast revenue of $3.47 billion.

McDonald's posts strong second quarter profit, names new chief of US operations
Associated Press15d agoneutral
McDonald's posts strong second quarter profit, names new chief of US operations

McDonald's posted a strong profit in its second quarter and named a new chief of U.S. operations with sales at home under pressure as many Americans grow more cautious about spending. McDonald’s said same-store sales, or sales at locations open at least a year, edged up 0.8% in the U.S. That’s a sharp slowdown from the 2.5% increase a year ago, when the company had a big win with a meal tied to “A Minecraft Movie.” McDonald’s warned in May that high gas prices and consumer anxiety over the U.S. conflict with Iran could dent its sales.

Bloomberg15d agoneutral
Nvidia, Dell Back AI Cloud Startup Volta at $2.4 Billion Value

(Bloomberg) -- Volta Infra Holdings Ltd., a new artificial intelligence cloud company, has raised $300 million in venture funding and secured an additional $5 billion worth of financing to help a wider mix of technology companies gain access to costly AI chips. The funding, set to be announced Tuesday, values Volta at $2.4 billion, and was co-led by Andreessen Horowitz and Altimeter Capital. Nvidia Corp. and Michael Dell also participated. Azora, the asset-management firm providing the financing

Podcast: A Preview of SpaceX’s First Public Earnings
The Wall Street Journal15d agoneutral
Podcast: A Preview of SpaceX’s First Public Earnings

Elon Musk’s SpaceX today reports its first quarterly earnings as a public company. In the wake of its post-IPO stock drop and Tesla’s negative quarterly cashflow, what can investors expect? 🎧 The latest episode of the Tech News Briefing podcast gets into all of that.

Morning Bid: Earnings overload
Reuters15d agoneutral
Morning Bid: Earnings overload

August 4 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets World markets turned quieter on Tuesday after yesterday's equity rally and oil

Chinese robot maker Unitree seen worth over $7.4 billion yuan after IPO, Citic says
Reuters15d agoneutral
Chinese robot maker Unitree seen worth over $7.4 billion yuan after IPO, Citic says

Chinese robot maker Unitree Technology is expected to be valued ‌at more than 50 billion yuan ($7.4 billion) after its planned ‌Shanghai IPO, according to a report by Citic Securities, which is sponsoring the initial ​public offering. Citic Securities expected the Hangzhou-based company to be worth 50.6 billion to 55.9 billion yuan six to 12 months after listing later this month. The valuation report, distributed to investors and seen by ‌Reuters, is largely seen ⁠as guidance ahead of Wednesday's IPO price enquiry.