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Finance News — Page 58
Why Amazon (AMZN) Stock Is Jumping 12% Despite a Massive AI Capex Hike - Barron's
Amazon (AMZN) stock surged 12% after its Q2 earnings beat expectations, with AI and chip businesses hitting a $25 billion run rate — even as the company announced a massive increase in AI capital expe
Amazon Sales Jump 20% as AWS AI Surges
Amazon's Q2 net sales rose 20% to $200.6 billion on triple-digit growth in AWS's AI and chips businesses, sending shares up 9.4% after hours — even as free cash flow swung to a $7.6 billion outflow an
Apple beats Q3, stock drops 8% on soft guidance
Apple topped fiscal Q3 sales and profit estimates on record iPhone and Mac demand, but shares slid 8% as soft forward guidance outweighed the beat and the company quietly ended its longstanding full-c
Rivian reduces 2026 spending plans, narrows earnings guidance
Rivian cut its 2026 capital spending plans and narrowed its 2025 loss guidance while posting second-quarter results that beat Wall Street estimates, driven by a 23% jump in automotive revenue and the
Coinbase Misses on Q2 Earnings as Crypto Trading Activity Slows
Coinbase posted $1.22 billion in Q2 revenue and a $359 million net loss, missing Wall Street estimates as crypto trading volumes fell more than 20% quarter-over-quarter, sending shares down roughly 5%
Amazon Jumps 4% as AWS Growth Hits 37%, Capex to $220B
Amazon shares surged nearly 4% after the company reported Q2 cloud-revenue growth of 37% that beat expectations, while simultaneously raising its full-year capital spending forecast by $20 billion to
Citadel Buys Situational Awareness Portfolio After Losses
Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has offloaded the bulk of its public-equity portfolio after heavy losses, with Citadel repor
Amazon beats estimates for cloud revenue growth on back of surging enterprise AI spending
Amazon's AWS cloud revenue jumped 37% to $42.2B in Q2, beating analyst estimates and fueling a raised $220B annual capex outlook that CEO Andy Jassy warned still won't meet AI-driven demand in 2026.
Jersey Mike's Falls 6% in NYSE Debut After $23 IPO
Jersey Mike's shares closed down about 6% on Thursday after the sandwich chain debuted on the NYSE under ticker "JMKE," opening at $21 below its $23 IPO price.
Microsoft Surges 15.5%, Biggest Single-Day Gain Ever
Microsoft stock surged 15.5% — the largest single-day market-value increase in stock market history — after the company posted better-than-expected Q4 earnings, with Azure reaccelerating to 43% growth
Microsoft set for record $485B one-day market cap gain
Microsoft's stock staged a stunning reversal on Thursday — after being the Magnificent Seven's biggest laggard this year, shares surged 16% on an Azure cloud forecast that gave investors a payoff stor
Nvidia Stock Bounces Back as Analysts Call It Undervalued
Nvidia (NVDA) stock is bouncing back, with multiple financial outlets simultaneously framing the chipmaker as undervalued and a long-term buying opportunity.
Reformation closes flat in muted $210.9M NYSE debut
Reformation, the sustainable women's clothing retailer, closed essentially flat in its NYSE debut on Thursday after pricing its IPO at $15—the bottom of its marketed range—and raising $210.9 million.
Microsoft Soars 16% as Azure Tops $100B
US stocks rebounded Thursday after Wednesday's Fed-fueled sell-off, with the Nasdaq jumping 2.82% on Microsoft's 16.57% surge after Azure cloud revenue topped $100 billion for the first time.
US GDP Growth Slows to 1.5% as Inflation, Trade Gap Widen
US economic growth slowed to 1.5% in Q2 2026 as a widening trade deficit and Iran-driven fuel price spikes pressured households, even as a surge in AI-related investment propped up the headline number
Amazon soars 9% on Q2 beat, AWS fastest in 18 quarters
Amazon shares surged more than 9% in extended trading after the company posted a Q2 revenue beat and the strongest AWS cloud growth in 18 quarters, though forward guidance fell short of Wall Street ex
JPMorgan says fading Clarity Act odds weigh on crypto outlook
JPMorgan warned that dwindling odds of the Clarity Act passing Congress this year remove a key catalyst for crypto markets, cautioning that delays could divert tokenization growth to traditional finan
Fed's PCE Inflation Cooled in June Amid Slower GDP Growth
The Fed's preferred inflation measure declined in June, signaling cooling price pressures, while the U.S. economy showed slower growth in the second quarter, shaping the central bank's policy outlook.
Institutions Hit Record 72% of Crypto Trading: Wintermute
Institutional investors accounted for a record 72% of spot crypto trading on Wintermute's OTC desk in the first half of 2026, the market maker said, as professional capital dampens volatility and conc
SoFi Down 42% YTD Despite Record Q2 — $50 Bull Case for 2031
SoFi Technologies is down 41.75% year-to-date in 2026 despite record Q2 loan originations of $14.8B and 61% YoY GAAP net income growth, creating what one analyst frames as a setup for a five-year bull
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