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It's not just chips. Wednesday's tech selloff is hitting many of the companies key to the physical artificial-intelligence build-out, from equipment makers to heating-and-cooling companies to specialty contractors.
Chip stocks extended a losing streak while traders await Fed Chair Kevin Warsh's rate announcement Wednesday afternoon
As the Federal Reserve gets set to release its monetary policy update at 2 p.m. ET, followed a half hour later by Chairman Kevin Warsh's news conference, Wall Street is the unusual position of not knowing what will happen. Prior to Warsh, Wall Street has typically been near certain about what the Fed would do, reflected by markets pricing in around 90% or higher odds of the expected result. The S&P 500 is sharply lower ahead of the Fed reveal, amid rebounding oil prices and the ongoing sell-off in AI and chip names.
Datadog stock has surged over 85% in 2026, amid high, artificial intelligence-driven expectations ahead of the software maker's Q2 earnings.
Berkshire Hathaway would be one of the biggest corporate winners if the Federal Reserve boosts short-term rates this year, given its enormous holdings of Treasury bills and other cash equivalents. At the end of the first quarter, Berkshire was sitting on about $374 billion of cash and equivalents. Berkshire has the largest cash position of any U.S. company and is one the biggest holders of U.S. Treasury bills in the world.
Amazon.com Inc (NASDAQ:AMZN) is set to report its second quarter 2026 results on July 30, with UBS lowering its price target to $305 from $333 while maintaining a ‘Buy’ rating as it expects continued strength from Amazon Web Services and improving e-commerce profitability. The UBS analysts...
Federal regulators have given Adobe the green light to proceed with its acquisition of Topaz Labs, clearing antitrust hurdles ahead of schedule.
Federal Trade Commission is suing Hims & Hers alleging the telehealth platform shared users' health data with online advertisers despite promising privacy and engaged in deceptive billing and cancellation practices, an FTC spokesperson said. Hims & Hers is one of the largest telehealth players in the market for weight loss drugs.
The U.S. Federal Trade Commission sued Hims & Hers on Wednesday alleging the telehealth platform shared users' health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices. Hims & Hers stock added to losses after the news and was trading down around 12%. The company offers telehealth appointments and prescriptions for erectile dysfunction, hair loss, and mental health medications, which it ships straight to customers.
By Purvi Agarwal, Tharuniyaa Lakshmi and Avinash P July 29 (Reuters) - European shares edged lower on Wednesday, as diverging results from French luxury groups weighed on the broader sector, while
Those who stay patient and disciplined, while ignoring the noise, will find that the market stacks the odds in their favor.
The European plane maker said adjusted earnings before interest and taxes—its preferred measure of profitability—jumped 54% on year to €2.43 billion.
Electric vehicle manufacturer Rivian (NASDAQ:RIVN) will be reporting results this Thursday after market hours. Here’s what you need to know.
APH's Q2 earnings and revenues surge on strong IT datacom demand, broad organic growth and acquisitions, while record orders fuel upbeat Q3 guidance.
Reddit has become the voice of the internet. Why the future of AI could depend on the company’s success.
Qualcomm announced its Q3 earnings after the bell on Thursday.
Qualcomm announced its Q3 earnings after the bell on Thursday.
Qualcomm will report its third quarter earnings after the bell on Wednesday.
KLA's fiscal Q4 earnings beat estimates as AI infrastructure, foundry/logic and process control demand lift revenues 15.2% and strengthen its outlook.
Old Dominion Freight Line (NASDAQ:ODFL) reported higher second-quarter revenue and earnings as improving demand trends, pricing discipline and operating leverage supported results, while management said the company remains positioned to gain share as freight markets recover. Revenue rose 10.4% from
Arch Capital Group (NASDAQ:ACGL) reported second-quarter after-tax operating income of $893 million, or $2.56 per share, as all three operating segments produced what management described as strong underlying underwriting results. The insurer and reinsurer also accelerated capital returns, repurchas
VRNS tops Q2 earnings and revenue estimates as SaaS growth, AI security demand and a higher full-year outlook fuel confidence in its growth trajectory.
LONDON, July 29 (Reuters) - Apple said on Wednesday that proposed UK rules governing its App Store would amount to price regulation, arguing that plans to loosen its control over in-app payments could undermine innovation and investment. In a submission to Britain's Competition and Markets Authority, the iPhone maker said proposed "steering" requirements would go beyond promoting competition and give the regulator a "highly intrusive" role in managing its business.
Ram, Jeep, and Fiat parent company Stellantis reported decent first-half results on Thursday morning, but only reaffirmed its prior guidance. Investors clearly want more from CEO Antonio Filosa's turnaround plan.
Ram, Jeep, and Fiat parent company Stellantis will report second quarter and first half results on Thursday morning, with the success of CEO Antonio Filosa's turnaround plan clearly in focus.
The company reported a 557% annual increase in operating income in the second quarter.
Two trading sessions reached opposite conclusions about the same report. One of them had the better argument.
Starbucks aims to keep its growth story piping hot when it reports third quarter results as CEO Brian Niccol leads the company into year three of its turnaround plan.
X sued the WFA in 2024 for conducting what it called a "systematic illegal boycott" of the platform after it saw a decline in advertising revenue following Musk's $44 billion takeover of the social network
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