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ServiceNow raises annual subscription revenue forecast again on AI-driven demand
Reuters31d agoneutral
ServiceNow raises annual subscription revenue forecast again on AI-driven demand

ServiceNow on Wednesday raised its forecast for annual subscription revenue for the second time after beating second-quarter revenue ‌and profit estimates, driven by growing demand for its AI-powered software. Shares ‌of ServiceNow rose over 5% in volatile extended trading. The results come as software giants are grappling with concerns of a "SaaSpocalypse" - a term reflecting the gloom around software-as-a-service companies amid growing capabilities of new AI tools provided by startups like OpenAI and Anthropic.

Rocket Lab just landed a $266 million rocket deal
TheStreet31d agoneutral
Rocket Lab just landed a $266 million rocket deal

Rocket Lab built its name launching small rockets from a remote pad in New Zealand, a company founded by Peter Beck in 2006 with a fraction of the budget of its bigger rivals. Lately, its biggest headlines have come from a rocket that has not flown yet. Neutron, the medium lift vehicle designed to ...

Jack Dorsey's Block launches Slack rival
TheStreet31d agoneutral
Jack Dorsey's Block launches Slack rival

Block, Inc. (NYSE: XYZ), the Bitcoin (BTC)-centric financial technology company founded by Jack Dorsey, launched a new platform called Buzz on July 21. Built on the Nostr protocol, Buzz is a free, decentralized, and open-source platform where employees and artificial intelligence ...

Unity gets a Wall Street vote of confidence ahead of Q2 earnings
Proactive31d agoneutral
Unity gets a Wall Street vote of confidence ahead of Q2 earnings

Unity Software Inc (NYSE:U) is drawing renewed optimism from Wall Street ahead of its second-quarter earnings. Wedbush is raising its price target on the stock to $36 as Unity works through a significant business transition. The company's ironSource Ad Network is being sunset effective April...

Why Tesla's Earnings Matter for SpaceX Stock
Barrons.com31d agoneutral
Why Tesla's Earnings Matter for SpaceX Stock

Tesla and SpaceX, of course, are separate companies. What Elon Musk says on Tesla's Wednesday earnings conference call will move Tesla stock, but it could impact SpaceX shares, too. Tesla owns a small stake in SpaceX, which it acquired after SpaceX merged with xAI in February.

Southern Copper Q2 Earnings Call Highlights
MarketBeat31d agoneutral
Southern Copper Q2 Earnings Call Highlights

Southern Copper (NYSE:SCCO) reported record quarterly sales, adjusted EBITDA and net income for the second quarter of 2026, as sharply higher metals prices offset lower copper production in Peru, Chief Financial Officer Raúl Jacob Ruisánchez told investors on the company’s earnings call. Jacob, Sou

Amazon heads into earnings with Wall Street betting big on AWS
Proactive31d agoneutral
Amazon heads into earnings with Wall Street betting big on AWS

Amazon.com Inc (NASDAQ:AMZN) reports second-quarter earnings on July 30, and Bank of America is raising the bar ahead of the print, arguing AWS is accelerating faster than the Street expects. BofA now projects second-quarter revenue of $198.8 billion and operating profit of $24.1 billion,...

Apple rewrites how Americans pay for iPhones
TheStreet31d agoneutral
Apple rewrites how Americans pay for iPhones

There is a real difference between paying for something and paying to use it. Most people do not notice which one they agreed to until the final payment clears. For roughly a decade, financing an expensive phone in the United States worked one way. You committed to a monthly number, you made the ...

Wabtec Q2 Earnings Call Highlights
MarketBeat31d agoneutral
Wabtec Q2 Earnings Call Highlights

Wabtec (NYSE:WAB) reported stronger-than-expected second-quarter 2026 results and raised its full-year outlook, citing broad revenue growth, margin expansion, a large multiyear backlog and continued demand across freight, transit, digital and international markets. Chairman and CEO Rafael Santana s

Analyst sends chilling Oracle stock verdict
TheStreet31d agoneutral
Analyst sends chilling Oracle stock verdict

CLSA started coverage of Oracle (ORCL) with a Hold rating and a $145 price target, which is among Wall Street's lowest. The call lands while Oracle sits near a 52-week low, down roughly 62% from its September peak. The rating itself is not the scary part, as a Hold rating is neutral by ...

Ford and Geely strike deal for EV production at Spanish plant, ABC reports
Reuters31d agoneutral
Ford and Geely strike deal for EV production at Spanish plant, ABC reports

LISBON/MADRID, July 22 () - Ford Motor and China's Geely have struck a landmark deal under ‌which the U. automaker will sell part ‌of its Almussafes plant near Valencia, paving the way for Geely ​to manufacture electric vehicles in Spain, ABC newspaper reported on Wednesday.

EU OKs Paramount-Warner Bros. Deal With Concessions
The Wall Street Journal31d agoneutral
EU OKs Paramount-Warner Bros. Deal With Concessions

Paramount’s $81 billion bid to buy Warner Bros. Discovery was approved by the European Union on Wednesday after the companies offered concessions. In order to ease regulators’ concerns, Paramount offered commitments including that it would terminate its stake in United International Pictures in the European Economic Area within 13 months from the deal’s closing.

Bloomberg31d agoneutral
OpenAI Models Breach Hugging Face, Sparking Cyber Alarms

(Bloomberg) -- Since April, when Anthropic PBC unveiled its Mythos model, cyber and national security experts have warned that the internet has entered a new era full of artificial intelligence-powered risks.Most Read from BloombergTrump's 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch 'Upgrade' Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to Companies, Echoing a 17th Century KingSpaceX Set to Unlock $116 Billion in Shares After IPO Restrictions LiftO

Bloomberg31d agoneutral
OpenAI Models Breach Hugging Face, Sparking Cyber Alarms

(Bloomberg) -- Since April, when Anthropic PBC unveiled its Mythos model, cyber and national security experts have warned that the internet has entered a new era full of artificial intelligence-powered risks.Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to Companies, Echoing a 17th Century KingSpaceX Set to Unlock $116 Billion in Shares After IPO Restrictions LiftO

TE Connectivity Q3 Earnings Call Highlights
MarketBeat31d agoneutral
TE Connectivity Q3 Earnings Call Highlights

TE Connectivity (NYSE:TEL) reported record adjusted earnings per share and record orders in its fiscal 2026 third quarter, with executives pointing to accelerating demand tied to artificial intelligence infrastructure, power investment, electrification and automation. Chief Executive Officer Terren

Teledyne Technologies Q2 Earnings Call Highlights
MarketBeat31d agoneutral
Teledyne Technologies Q2 Earnings Call Highlights

Teledyne Technologies (NYSE:TDY) reported what Executive Chairman Robert Mehrabian called the strongest quarterly orders, sales and operating profit in the company’s history, driven by broad growth across defense and commercial markets and particular strength in its Digital Imaging segment. On the

AT&T Q2 Earnings Call Highlights
MarketBeat31d agoneutral
AT&T Q2 Earnings Call Highlights

AT&T (NYSE:T) reported faster growth in service revenue, adjusted EBITDA and adjusted earnings per share in the second quarter of 2026, with executives pointing to gains in fiber, fixed wireless and postpaid phone subscribers as the main drivers of the quarter’s performance. Chairman and CEO John S

Alaska Air Group Q2 Earnings Call Highlights
MarketBeat31d agoneutral
Alaska Air Group Q2 Earnings Call Highlights

Alaska Air Group (NYSE:ALK) reported a second-quarter loss but told analysts that improving revenue trends, completed integration work and easing fuel costs position the company for a stronger second half of 2026. Ryan St. John, vice president of finance, planning and investor relations, said Air G