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The UK's Financial Conduct Authority has opened a competition investigation into PayPal, Mastercard, and Visa over digital wallet funding and usage practices. The probe focuses on whether the companies' conduct may limit competition in the UK digital payments market. This action brings fresh regulatory attention to NasdaqGS:PYPL in one of its important international markets. PayPal, through its global digital payments platform, is closely linked to how consumers fund and use digital wallets...

CoreWeave Inc beat analysts' estimates for quarterly ‌revenue on Thursday, as the ‌specialized cloud provider tapped into strong demand ​for its high-performance computing services used to train and deploy artificial intelligence models. CoreWeave's core advantage lies in its specialized infrastructure and a close relationship with AI chip bellwether Nvidia, which grants it ‌early and large-scale ​access to the ​most sought-after ​AI hardware.The company reported ‌total revenue of $2.08 billion ​for the ​first quarter, compared with analysts' average estimate of $1.97 billion, according ​to data ‌compiled by LSEG.

By Deena Beasley LOS ANGELES, May 7 (Reuters) - Gilead Sciences on Thursday posted a higher-than-expected first-quarter profit and raised its outlook for 2026 sales, but said it now expects a loss for

Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index down 0.7% and

Stock traders view the Iran war as a temporary shock, contrasting with the Treasury market pricing in a more protracted conflict.

Shivon Zilis was an under-the-radar executive at Elon Musk’s companies and an OpenAI board member back in 2022. But she was hiding a major secret – Musk was the father of her twins born the year before.

US equity indexes were lower ahead of Thursday's close as Iran reportedly set up an agency to contro

The AI optics trade is taking a breather. Shares of Applied Optoelectronics (NASDAQ:AAOI) are down 14% in midday trading, while Coherent (NYSE:COHR) is off 10% and Lumentum (NASDAQ:LITE) is sliding 7%. The selloff is sector-wide. Ciena (NYSE:CIEN) is lower by 10% and Fabrinet (NYSE:FN) is down 8%, confirming this is correlated basket selling rather than ... Applied Optoelectronics Crashes 14%, Coherent Slides 10%, Lumentum Falls 7% as Optics Trade Cools

Google faces a fresh UK lawsuit accusing it of abusing its dominance in online display advertising, the claimants announced Thursday, in the latest antitrust action against the US tech giant.A separate lawsuit filed in UK courts last year also accused Google of overcharging for online advertising.

Shareholders will be ecstatic, with their stake up 26% over the past week following Powell Industries, Inc. 's...

Residential solar companies face bankruptcies, soft first-quarter sales, and shrinking demand after federal tax credit changes.

Investors focus on software fix and Roadster

The telecom company said the reductions affect employees across the U.S., with the largest concentration at its New Jersey headquarters

Investing.com -- Broadcom (NASDAQ:AVGO) shares fell 4% Thursday afternoon following a report that its AI chip deal with OpenAI has encountered an $18 billion financing obstacle.

US job cuts increased in April to the third-highest total for the month since 2009 as technology com

Goldman Sachs clearly isn’t sitting on the sidelines when it comes to Advanced Micro Devices (AMD) stock, given its eye-popping price target reset following earnings. The bank bumped its rating on the chipmaker to Buy from Neutral and raised its price target to $450 from $240 (a stunning 88% ...

Malone's lawyers argue the perfumer has every right to use her own name, and wonder why the Estée Lauder Cos. has filed suit now, 14 years after the founding of Jo Loves, and seven years after the first fragrance collaboration with Zara.

Chinese rivals move faster into global markets

All 11 S&P 500 sectors finished lower Thursday, the first time that has happened since March 18

US benchmark equity indexes were lower intraday, while oil prices were moving higher, as investors m

This alternative asset manager offers fee-based strategies to institutional and high-net-worth clients in the industrials sector.

Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index down 0.8% and the

SRE matches Q1 earnings estimates as strong infrastructure and Texas utility results help offset lower revenues and rising debt.

IonQ beats revenue estimates on surging commercial sales but posts a wider adjusted loss, sending shares down after hours.

Adobe is down 26.7% YTD and trades at a low 10.08 P/E as it ramps GenAI across Creative Cloud, yet muted sentiment suggests wait and see.

Upstart stock dives as investors stand disappointed following weak earnings figures and revenue guidance.

<body><p>STORY: Shares of Shake Shack plunged as much as 30% on Thursday and were heading for their worst day ever&nbsp;after the restaurant chain reported a quarterly profit loss and missed Wall Street's revenue estimates.</p><p>Shake Shack said it was hurt by rising commodity costs, including beef, and weak consumer spending.</p><p>And it's not the only fast‑food chain seeing consumers tighten their belts.</p><p>McDonald's, Domino's and Papa John's all reported weaker quarterly sales growth, signaling pressure on consumer spending from rising gas prices driven by the U.S. war in Iran.</p><p>Companies like Chipotle and Restaurant Brands International have also flagged rising beef prices, which have set records due to dwindling U.S. cattle supplies.</p><p>Shake Shack executives said on a post-earnings call that the company's short-term results will continue to be impacted by the ongoing war in the Middle East.</p></body>

Coinbase to release results after announcing layoffs, AI restructuring plan. Senators reach Clarity Act compromise. COIN stock eases with bitcoin.

Broad Market Indicators Broad-market exchange-traded funds IWM and IVV fell. Actively traded I

Cash would be used to fund dividend payments, after Strategy reported a first-quarter loss of $12.5 billion.