Tag: business news
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Microsoft aces earnings call, while Meta frustration grows: ‘Do we just need to be a bit more patient?’
Wall Street wants bang for its buck after massive capital expenditures
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U.S. resumes strikes against Iran, retaliating against surprise missile attack
The U.S. forces began launching strikes against Iran Wednesday stateside, plunging the two sides back into open conflict after a days-long pause.
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Samsung Electronics second-quarter operating profit beats estimates on soaring AI chip demand
Samsung Electronics extended its record run with second-quarter operating profit topping analysts’ estimates.
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OpenAI CFO Sarah Friar tells employees that annualized revenue in July topped all of Q2
OpenAI is trying to reassure employees that the business is healthy as competition emerges from Anthropic as well as a host of open-source players.
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Vertiv CEO addresses 17% stock plunge, disappointing quarter: ‘This is a temporary issue’
Vertiv CEO Gio Albertazzi said the company’s revenue growth miss reflected temporary project timing and supply chain issues, not weakening demand.
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Here are the five big takeaways from this week’s Fed meeting
The Federal Reserve on Wednesday followed through on expectations for no interest rate change.
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Meta’s Reality Labs lost over $4.6 billion in second quarter
Meta’s Reality Labs unit, which develops virtual reality and wearable devices, continues losing money.
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Carvana stock falls 15% as auto retailer’s 2026 earnings guidance misses Wall Street’s expectations
Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter.
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Chipotle hikes same-store sales forecast as diners return for burrito bowls
Chipotle Mexican Grill stock has fallen more than 7% this year, dragging its market value down to roughly $44 billion.
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Another bank raised its CD rate to 4%. Where to lock in the best yields
Some banks are boosting yields as the Federal Reserve holds rates steady.
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