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Digital medical services platform Teladoc Health (NYSE:TDOC) missed Wall Street’s revenue expectations in Q2 CY2026, with sales falling 4% year on year to $606.9 million. Next quarter’s revenue guidance of $589 million underwhelmed, coming in 6.5% below analysts’ estimates. Its GAAP loss of $0.21 per share was 17.4% above analysts’ consensus estimates.
Visa, Uber, Patreon and Intel announced more than 2,800 layoffs in the Bay Area, from Santa Clara engineering hubs to San Francisco offices, citing restructurings, automation and shifting business priorities.
SAN DIEGO - Qualcomm Inc (NASDAQ:QCOM) reported third quarter results that beat revenue expectations but missed on earnings, while issuing disappointing guidance for the current quarter that sent shares down 5%.
Investing.com -- Meta Platforms shares tumbled 8% in after-hours trading on Wednesday after the company posted a second-quarter earnings miss and forecast third-quarter revenue below Wall Street expectations.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) missed second-quarter profit estimates on Wednesday, weighed down by a jump in costs including legal charges, even as revenue grew faster than expected. The social media giant reported earnings per share of $6.18, down 13% year-over-year...
Online used car dealer Carvana (NYSE: CVNA) reported Q2 CY2026 results exceeding the market’s revenue expectations, with sales up 52.4% year on year to $7.38 billion.
The Dow Jones Industrial Average tumbled 1,152 points after Kevin Warsh’s press conference sent bond yields flying. The Dow sank 2.2%. The Nasdaq 100 fell 2.1%, putting the index 10% below its June 2 closing high.
Meta (META) reported second quarter results on Wednesday after the closing bell. Earnings per share (EPS) came in at $6.18 (compared to analyst estimates of $7.14), and revenue came in at $60.80 billion (compared to analyst estimates of $60.24 billion). Yahoo Finance Senior Business Reporter Ines Ferré takes a closer look at the breaking numbers.
Fed Chair Kevin Warsh reassured markets about a resilient economy, but geopolitical uncertainty remains the major factor for most interested parties right now.
The Federal Aviation Administration, or FAA, wants to cut the paperwork that slows down rocket launches. Rocket Lab, AST SpaceMobile, and SpaceX are exactly the companies built to benefit from that kind of change. Rocket Lab builds and flies small and medium rockets, AST SpaceMobile is building a ...
Avis Budget lost money in 2025. 2026 will probably be better than that -- but still not good enough for Wall Street.
Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply constraints and rising costs weighed on its business. In an interview with Reuters, CEO Cristiano Amon said costs had risen not just for memory chips, but across the supply chain. Qualcomm plans to raise prices starting September 1 in an effort to return its margins to historical levels, he said.
Shares of the Vans and North Face parent slipped on a wide loss in its Q1 report.
Dageville disposed of 66,668 shares through a pre-established Rule 10b5-1 trading plan, retaining ~4.5 million shares worth $1.24 billion.
After a brief relief rally, stock market selling accelerated again heading into the close. The Dow Jones Industrial Average sank 1,000 points, or 1.9%. The S&P 500 fell 1%. The Nasdaq dropped 0.9%. The S&P and Nasdaq both were on pace to mark intraday comebacks but lost steam as traders digested the latest updates from Federal Reserve Chairman Kevin Warsh.
AT&T, Verizon, and T-Mobile took a beating on Wednesday as investors braced for an orbital clash with Elon Musk. Shares of AT&T (NYSE: T) and Verizon (NYSE: VZ) both fell 4%, while T-Mobile (NASDAQ: TMUS) slid 2%, following a Semafor report that SpaceX is plotting a direct assault on the U.S. wireless oligopoly. The rocket titan is actively hunting urban-grade spectrum—either by snapping up rivals or crashing next year’s federal auction—to build out dense coverage in major cities. The selloff hi
Oil stock prices should go up in response, but this time there's a catch...
Oracle's credit-default-swap cost substantially exceeds other AI-linked issuers as investors question returns from debt-funded infrastructure.
Problems in Europe weighed on profits.
TSMC's U.S. shares declined as leveraged selling spread beyond Korea despite the chipmaker's record quarterly profit.
AMD secured substantial data-center capacity, but the agreement failed to insulate its shares from the global semiconductor selloff.
Tesla extended its losing streak as analysts lowered targets following weaker-than-expected second-quarter earnings.
SK Hynix's earnings disappointment intensified investor scrutiny of AI spending and semiconductor growth expectations.
Elon Musk has lost $300 billion in the last six weeks.
Baird reduced its price target by $300 as data-center restrictions created new risks for Caterpillar's power-equipment growth.
P&G forecast weaker annual growth and maintained an estimated $1 billion profit hit from higher costs.
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