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Celestica Q2 Earnings Call Highlights
MarketBeat24d agoneutral
Celestica Q2 Earnings Call Highlights

Celestica (NYSE:CLS) reported second-quarter 2026 revenue and adjusted earnings per share above the high end of its guidance, supported by demand for AI infrastructure and networking programs. The company also raised its full-year outlook and said it expects revenue growth to accelerate in 2027. Se

Bloomberg24d agobullish
After Ford Soars 44% on AI Fever, Traders Want Proof It’s Real

(Bloomberg) -- Two months after Ford Motor Co. became the latest old-economy manufacturer to be swept up in the artificial-intelligence rally, investors are looking for proof the enthusiasm was justified. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oi

Bloomberg24d agoneutral
Visa to Cut 7% of Workforce as CEO Seeks to Revamp Company

(Bloomberg) -- Visa Inc. is eliminating about 2,600 jobs as Chief Executive Officer Ryan McInerney seeks to make the firm more efficient as it competes in an increasingly tough payments industry.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline:

Apple launches US device leasing program with Klarna
Reuters24d agoneutral
Apple launches US device leasing program with Klarna

Apple on Tuesday launched a device leasing program in the U.S. through ‌payments firm Klarna, offering customers monthly plans for ‌iPhones, Macs, iPads and Apple Watches. The program, called Apple Upgrade, expands ​the technology giant's payment options and replaces its existing iPhone Upgrade Program and iPhone Payments offering in the country. Customers can lease iPhones and Apple Watches for ‌12 or 24 ⁠months, while Macs and iPads are available under 24- or 36-month plans, Apple said.

Visa plans to cut 7% of workforce, Bloomberg News reports
Reuters24d agoneutral
Visa plans to cut 7% of workforce, Bloomberg News reports

Visa plans to cut 7% of its workforce, or ‌about 2,600 jobs, Bloomberg News reported ‌on Tuesday, citing a staff memo, as the payments ​processor seeks to become more efficient in a challenging industry. AI has ⁠helped cut repetitive tasks and speed up product development, but it ⁠was not the sole factor behind the decision, Bloomberg reported, citing a person ​familiar with ​the company's reasoning. Earlier this year, peer Mastercard announced plans ‌to lay off 4% ​of its global workforce, ​citing the ​need to refocus investments in different ‌areas.

S&P Global profit jumps, strikes datacenterHawk, Agusto deals
Reuters24d agobullish
S&P Global profit jumps, strikes datacenterHawk, Agusto deals

S&P Global reported a stronger second-quarter profit on Tuesday, as clients sought its ratings, indices, ‌market intelligence and analytics products amid heightened geopolitical ‌uncertainty. The financial information company also announced deals to buy data center intelligence provider ​datacenterHawk and take a majority stake in African ratings agency Agusto & Co., expanding its analytics, infrastructure and credit ratings businesses. Here are some details: • The New York-based company's revenue rose 10% to $4.15 ‌billion and adjusted ⁠earnings increasing 23% to $4.83 per share on strength in its Ratings, Indices and Market Intelligence businesses.

PayPal CEO: Company ‘Open and Objective’ in Evaluating Deal Opportunities
The Wall Street Journal24d agoneutral
PayPal CEO: Company ‘Open and Objective’ in Evaluating Deal Opportunities

PayPal CEO Enrique Lores said the company remains "open and objective in evaluating opportunities" related to selling the company, though its focus is on its turnaround plan. "If we see levers or a path that we believe would create superior value for our shareholder than executing our current strategy, we would of course carefully consider them," he said on the company's earnings call this morning.

Corning Stock Heads for Biggest Drop in Decades as Guidance Disappoints
The Wall Street Journal24d agobearish
Corning Stock Heads for Biggest Drop in Decades as Guidance Disappoints

Corning has been betting that the massive infrastructure demands of AI will drive its next wave of growth, relying on its specialized optical fiber to link hyperscale data centers. That wager has resonated with Wall Street, more than doubling its shares over the past year.