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Trading Day: AI cheer, new highs near
Reuters4d agoneutral
Trading Day: AI cheer, new highs near

By Jamie McGeever ORLANDO, Florida, Aug 12 (Reuters) - Upbeat tech earnings pushed the Nasdaq, S&P 500 and MSCI All Country indices to within a whisker of their all-time highs on Wednesday, while

US stocks mostly up after data shows slightly lower inflation in July
AFP4d agoneutral
US stocks mostly up after data shows slightly lower inflation in July

Wall Street stocks mostly gained following slightly better US consumer pricing data but an uptick in Treasury bond yields suggested lingering unease about inflation.But yields on the 10- and 30-year US Treasury bonds climbed after the federal consumer price index (CPI) report, showing "market participants are still looking for inflation to continue," said Briefing.com analyst Patrick O'Hare.

Cisco forecasts upbeat annual revenue
Reuters4d agoneutral
Cisco forecasts upbeat annual revenue

Cisco Systems forecast ‌fiscal 2027 ‌revenue above Wall ​Street expectations on Wednesday, signaling confidence that ‌strong ⁠demand for its AI ⁠networking gear will continue ​to ​power ​growth. The networking ‌giant expects annual revenue between $72.2 billion and $73.4 billion, compared with ‌analysts' average ​estimate ​of $68.69 ​billion, ‌according to data ​compiled ​by LSEG.

Cerebras raises annual targets on strong AI chip demand
Reuters4d agoneutral
Cerebras raises annual targets on strong AI chip demand

Cerebras Systems raised its annual revenue and gross margin forecasts on Wednesday, buoyed by robust demand for its chips from ‌companies ramping up data-center capacity to power AI services. The chip designer ​is banking on growing demand for inference, the data crunching that occurs when a user queries a chatbot, as it seeks to challenge Nvidia's dominance in the AI processor market. Cerebras' flagship wafer-scale engine (WSE) is a single chip the size of a ‌dinner plate containing trillions of ⁠transistors, a design that it says is more efficient than connecting thousands of smaller graphics processors together, as Nvidia does.

Constellation Software Q2 Earnings Call Highlights
MarketBeat4d agoneutral
Constellation Software Q2 Earnings Call Highlights

Constellation Software (TSE:CSU) used its second-quarter conference call to outline its approach to artificial intelligence, vertical-market organization and acquisitions, while executives addressed recent organic-growth pressure tied to several acquired businesses and comparison effects. President

Titan Mining Q2 Earnings Call Highlights
MarketBeat4d agoneutral
Titan Mining Q2 Earnings Call Highlights

Titan Mining (NYSEAMERICAN:TII) reported record second-quarter financial results as higher zinc production, lower unit costs and stronger zinc prices lifted revenue and adjusted EBITDA. The company also highlighted early commercial progress at its Kilbourne Graphite project, including two customer a

Investing.com4d agoneutral
Paramount puts CNN sale on table to settle 12-state antitrust suit

Makan Delrahim made the disclosure at Politico’s California Agenda conference, according to Reuters, signaling that Paramount is willing to go beyond internal safeguards to salvage a deal that has become one of the most politically charged media mergers in years. Warner Bros. Discovery is the publicly traded parent of CNN (NASDAQ: WBD), and the merger’s fate directly determines whether Ellison’s Paramount consolidates control over both CBS News and the cable network.

Paramount Has Discussed Creating a Board to Ensure CNN’s Independence
The Wall Street Journal4d agoneutral
Paramount Has Discussed Creating a Board to Ensure CNN’s Independence

Paramount in recent months has discussed creating an editorial board for CNN and other safeguards to ease concerns over its news operation’s independence, according to people familiar with the situation. Paramount, which owns CBS News, has agreed to buy CNN parent Warner Bros. Discovery for $81 billion. The internal discussions about establishing an oversight committee for news have come up as the company has planned for the deal’s closing, the people said.