Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
-
JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
The Latest
-
Crocs Shares Plunge 29% After Sales Warning, $90 Million Tariff Hit, and Shift Away From ‘Ugly Shoe’ Trend
Crocs Inc. shares tumbled nearly 30% Thursday, marking their steepest one-day drop since 2011, after the company warned of a revenue decline in the third quarter and outlined a significant hit from U.S. tariffs. The Colorado-based footwear maker said it expects sales to fall between 9% and 11% from a year earlier, missing analysts' expectations for modest growth. 
-
Intel CEO Lip-Bu Tan Rejects Trump’s Resignation Demand
Intel CEO Lip-Bu Tan on Thursday rejected calls for his resignation from President Donald Trump, insisting he has "always operated within the highest legal and ethical standards" and has the full support of the company's board. 
-
Intel Stock Dips as Trump Demands CEO Lip-Bu Tan Resign Over China Ties
Intel shares declined Thursday after President Donald Trump publicly called for the immediate resignation of CEO Lip-Bu Tan, citing what he described as deep conflicts of interest tied to Chinese entities. The remarks intensified political scrutiny surrounding the semiconductor giant's leadership at a time when U.S. chip policy remains central to national security debates. 
-
Apple Commits $100 Billion More to U.S. Expansion as Trump Presses for Domestic Manufacturing
Apple will commit an additional $100 billion to expand its U.S. operations, President Donald Trump is set to announce Wednesday alongside CEO Tim Cook at an Oval Office event, marking a major escalation in the administration's campaign to reshore key elements of the tech giant's global supply chain. 
-
Uber Q2 Revenue Tops Estimates, Approves $20 Billion Buyback as Trips, Bookings Hit Record Highs
Uber Technologies Inc. posted strong second-quarter results on Wednesday, exceeding revenue expectations and authorizing a $20 billion stock buyback as global demand for mobility and delivery services remained robust. Gross bookings rose 17% year-over-year to $46.8 billion, while the number of trips surged 18% to a record 3.3 billion. 
-
AMD Stock Drops After Q2 EPS Miss, China AI Chip Ban Clouds Outlook Despite Revenue Growth
Shares of Advanced Micro Devices fell more than 9% on Wednesday after the chipmaker missed earnings expectations for the second quarter and offered limited clarity on when it will resume shipments of artificial intelligence chips to China, which have been impacted by U.S. export restrictions. 
-
Affordable Meal Promos Lift McDonald’s to $6.8 Billion in Q2 Revenue, Beating Expectations
McDonald's Corp. reported stronger-than-expected global sales for the second quarter, driven by aggressive value meal promotions and its largest-ever marketing campaign tied to the release of "The Minecraft Movie." The fast-food giant posted a 3.8% rise in global comparable sales, surpassing Wall Street's 2.4% estimate, according to LSEG data, while total revenue increased 5% year-over-year to $6.8 billion. 
-
Palantir Surpasses $1 Billion in Quarterly Sales, Lifts Forecast on Soaring AI and Government Demand
Palantir Technologies Inc. posted its strongest quarter to date, crossing $1 billion in revenue for the first time and boosting its full-year outlook, as surging demand for artificial intelligence applications and government efficiency projects under President Donald Trump fueled growth across its U.S. operations. 
-
Tesla Grants Elon Musk $29 Billion Stock Package Despite Court-Blocked $56 Billion Plan
Tesla has awarded CEO Elon Musk a new stock compensation package worth approximately $29 billion, just months after a Delaware court invalidated a previous $56 billion deal that was the largest in corporate history. 
-
Over 3,200 Boeing Fighter Jet Workers Strike, Rejecting 40% Wage Boost Offer
More than 3,200 Boeing defense workers began a strike early Monday after rejecting a revised four-year contract offer that the company said included average wage increases of 40%, a $5,000 ratification bonus, and other benefits. 
