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Finance News — Page 60
Microsoft Soars 15%, Meta Sinks 8% as AI Trade Splits
Microsoft's stock surged 15% on Thursday after beating earnings with 43% Azure growth, while Meta plunged nearly 8% on a guidance miss and a 91% free cash flow collapse — a stark split as investors we
U.S. economic growth slows to 1.5% in second quarter as inflation exceeds Fed target
U.S. GDP grew at a sluggish 1.5% annualized pace in Q2 2026 as a surge in imports — much of it tied to AI investment — dragged down the headline number, while consumer spending accelerated and the Fed
U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target
The U.S. economy grew 1.5% in Q2 as surging imports dragged on headline GDP, while consumer spending and AI investment stayed robust and the Fed's preferred inflation gauge remained stuck above its 2%
Ex-OpenAI researcher's fund seeks capital after AI rout
Situational Awareness, the hedge fund founded by ex-OpenAI researcher Leopold Aschenbrenner, is raising capital after leverage-amplified losses during July's AI stock sell-off hit its portfolio of Bit
Crypto's resilience tested as oil rises after Iran strikes, Fed signals rates could still rise
Bitcoin held near $63,915 on Thursday after a turbulent Wednesday session that saw the Fed deliver a hawkish split decision, Iran launch ballistic missiles at U.S. troops, and oil surge 8%, yet crypto
Oil prices slip and world shares are mixed as investors sell AI stocks in Asia - AP News
Oil prices climbed toward $100 after Iran attempted a 'surprise attack,' while chip and AI stocks slumped as a deepening Asian sell-off drove investors out of tech shares and left global markets mixed
Bombardier brings long-term debt down to 15-year low amid strong demand
Bombardier Inc. cut its long-term debt to a 15-year low of US$4.05-billion as it posted Q2 earnings that beat analyst estimates and reported a US$21.8-billion jet backlog.
Luno Cuts 20% of Staff as Automation Reshapes Exchange
Crypto exchange Luno is laying off roughly 20% of its global workforce, the company's second major cut in three and a half years, as CEO James Lanigan says automation investments and weak retail tradi
Meta Stock Falls on AI Capex Worries
Meta's stock dropped after its earnings report failed to convince Wall Street that the company's massive AI spending will pay off, with investors receiving an update on 2026 capex but few definitive p
Microsoft Jumps 8% as Cloud Growth Pulls Nasdaq Out of Correction
Microsoft's cloud unit posted its fastest growth in four years while holding AI spending steady, sending its stock up 8% premarket and pulling the Nasdaq out of correction territory, with Bitcoin trac
Crypto Perps Beat Wall Street on SpaceX IPO
Perpetual futures contracts — the leverage-heavy derivatives that already dominate crypto price discovery — proved more accurate than Wall Street underwriters at pricing SpaceX's record $75 billion IP
Treasury Yields Hit 19-Year High on Divided Fed Hold
Treasury yields surged Thursday to multi-year highs as investors digested the Fed's 9-3 vote to hold rates steady at 3.5%-3.75%, with the 30-year bond hitting 5.236% — its highest level since July 200
Treasury sell-off continues after divided Fed holds interest rates steady
Treasury yields extended their climb Thursday after the Federal Reserve's divided 9-3 vote to hold rates steady, with the 30-year hitting its highest level since July 2007.
Microsoft Posts Record $331B Revenue, Azure Surges 43%
Microsoft closed fiscal year 2026 with record revenue exceeding $331 billion (up 18%) as Azure accelerated to 43% growth, but executives warned that AI demand still outstrips cloud capacity and operat
The market is overreacting to Meta's earnings and guidance. Here's our plan
Meta shares fell more than 11% in extended trading after Q2 adjusted EPS missed consensus, dragged down by $3.58B in one-time legal and severance charges, though the analyst argues the underlying busi
Robinhood Posts Record Revenue on Volatility Trading Surge
Robinhood Markets posted record quarterly revenue as retail traders leaned into market volatility, with prediction-market revenues surging tenfold quarter-over-quarter.
4 Memory Stocks Down 30%+ as AI Selloff Deepens
Four memory stocks — Micron, Sandisk, Western Digital, and Seagate — have each plunged 30%+ from their 52-week highs as the chip sector sells off, despite radically different earnings profiles.
Microsoft Jumps 8% After-Hours on Record Revenue, Azure
Microsoft shares climbed 8% in after-hours trading after the company reported Q4 2026 earnings featuring record revenue surpassing $331 and strong Azure sales, even as it kept its full-year 2026 capit
Meta Drops 11% on Rising AI Spending, Falling Profits
Meta shares plunged as much as 11% after the company raised its 2025 AI spending guidance to as much as $145bn while Q2 profits fell 14% and free cash flow hit a five-year low — a contrast to Microsof
Fed Holds Rates Steady, Cites 'Elevated' Inflation
The US Federal Reserve held interest rates steady, citing "elevated" inflation, in a decision multiple outlets described as coming from a divided Fed and one that drew a cool reaction from markets.
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