Tag: Business
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SpaceX’s first quarterly results as a public company beat expectations, but AI costs hit stock
NEW YORK, Aug 4 : SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92 per cent rise in revenue on strong growth in its Starlink satellite-internet and AI businesses, and announced a datacenter-chip partnership with Nvidia.Revenue for the second quarter ended in June ros
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Trading Day: The only way is up
ORLANDO, Florida, Aug 3 : World stocks leaped to record highs on Tuesday, boosted by a relentless stream of strong U.S. and global earnings, with another slump in oil prices on Middle East peace hopes pushing down on bond yields and boosting investor sentiment also.In my column today, I dig deeper into Americ
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Stocks making the biggest moves after the bell: SpaceX, AMD, Pinterest, Arista Networks, Wynn Resorts & more
These are the stocks posting the largest moves after the bell.
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AMD’s revenue climbs 50% and data center sales doubled, but the stock is down
AMD’s Data Center unit is driving the company’s growth, up 107% over last year.
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Yen holds most gains as intervention keeps speculators on edge
NEW YORK, Aug 4 : The yen slipped on Tuesday but held on to most of its gains from last week’s rare coordinated intervention by Tokyo and Washington.The Japanese currency had rallied as much as 5 per cent over the last three trading sessions, with Japan confirming coordinated yen-buying intervention on Friday
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OpenAI pays $3.2 million in US probe over hiring foreign workers
Aug 4 : OpenAI and a subsidiary will pay $3.2 million to settle U.S. government claims that they favored foreign workers with temporary employment visas and discriminated against U.S. job applicants in recruiting and hiring, the U.S. Justice Department said on Tuesday.The Justice Department in a release said
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Samsung Electronics launches next-generation AI memory technology
Aug 4 : Samsung Electronics introduced a new generation of artificial intelligence memory technology on Tuesday, seeking to reinforce its chipmaking lead in the booming AI market.The world’s largest memory chip manufacturer chose this year’s Future of Memory and Storage (FMS) conference in Santa Clara, Califo
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Amazon loses US court ban on Perplexity’s AI shopping tools
Aug 4 : A U.S. appeals court on Tuesday overturned a ruling that had temporarily barred Perplexity from using its AI-powered agentic shopping tools on Amazon’s platform.In a novel legal dispute, the San Francisco-based 9th U.S. Circuit Court of Appeals determined that Amazon was unlikely to succeed on its
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Paramount Skydance reports mixed second-quarter results
LOS ANGELES, CALIFORNIA, Aug 4 : Paramount Skydance reported mixed second-quarter results on Tuesday, with higher streaming and studio revenue offsetting declines in television, as the company works to close its planned $110 billion acquisition of Warner Bros. Discovery. The entertainment giant’s revenue ro
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Pinterest expects slower quarterly revenue growth as ad competition heats up
Aug 4 : Image-sharing platform Pinterest forecast slower revenue growth for the third quarter on Tuesday, signaling tough competition for digital advertising from bigger players including Meta’s Instagram, sending its shares down 6 per cent in extended trading.Pinterest has been expanding Performance+, its A
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