Wall Street is on a roll as the S&P 500 reaches record highs, driven by a surge in AI-related stocks like Nvidia and Snowflake. With corporate profits rebounding and lower jobless claims, investors are optimistic about the market's future. Will interest rates drop soon?
Walmart's shares dropped 2.5% in premarket trading after reporting Q2 profits below expectations, despite a revenue increase of nearly 5% year-over-year and strong eCommerce growth.
Tapestry, the parent company of Coach and Kate Spade, sees shares plunge as tariffs threaten profits despite strong sales trends. CFO Scott Roe discusses the impact of rising costs and strategic adjustments.
Explore the intense struggle for control over Rubaya's coltan mines, where M23 rebels seize profits amidst a humanitarian crisis. The U.S. is pushing for peace, but will it hold?
HSBC's pretax profit dropped 26% in the first half, signaling challenges ahead for CEO Elhedery as losses mount in China. The bank restructures to adapt to changing markets amid a struggling property sector.
UnitedHealth Group faces a crisis with a cyberattack, federal investigations, and a leadership change. Can new CEO Stephen Hemsley restore investor confidence and improve profits?
Tesla's recent earnings call raised eyebrows as CEO Elon Musk focused on future AI and robotics ambitions while ignoring declining car sales and profits. With analysts divided, what's next for Tesla?
The second-quarter earnings season has kicked off with impressive corporate profits driven by consumer strength, but the stock market's muted response raises concerns about investor expectations. Despite a stellar 94.4% earnings beat rate in financials, stocks remain stagnant.
Chip stocks are on the rise following TSMC's record quarterly profit, while PepsiCo forecasts a smaller decline in annual core profit. June retail sales also show a surprising uptick, signaling strong consumer confidence.
Despite initial fears of a recession, U.S. banks are experiencing a remarkable financial boom, with profits soaring and consumer spending remaining strong. Explore how market dynamics are shifting in favor of financial firms.
