Apple Sales Exceed $109 Billion, Driven by Strong iPhone Sales Growth
The company is set to release an upgraded Siri assistant in the fall, and it continues to contend with higher component costs.
----
Amazon Shares Jump as Cloud Sales Accelerate
Year-over-year revenue growth for Amazon Web Services came in at 37% for the second quarter as AI drives computing demand.
----
Banks in Talks to Lend $15 Billion for Anthropic Data Center Backed by Google
Google's guarantees of power and lease obligations would help the developer secure financing for the 1.6-gigawatt Texas project.
----
Coinbase Swings to Loss on Weak Crypto Market
The cryptocurrency exchange said revenue fell 19% in the second quarter to $1.22 billion, missing analyst estimates. Shares fell in after-hours trading.
----
Stryker Logs Higher Profit, Revenue Amid Cyberattack Recovery
The medical technology company reported a profit of $1.28 billion and and said it has made progress in recovering from a March cyberattack.
----
Strategy Swings to Loss as Bitcoin Price Declines
The bitcoin treasury company reported a loss of $8.22 billion, or $24.45 a share, from a profit of $10.02 billion the year prior.
----
Reddit Profit Rises on Growth in Advertising Revenue
The company posted a higher second-quarter profit of $253 million as growth in the platform's users continued to boost advertising revenue.
----
Amazon's Zoox Gets Clearance to Start Paid Robotaxi Rides
The move is a first for a purpose-built autonomous vehicle like Zoox, which doesn't have pedals or a steering wheel.
----
Investment Giants Shake Off Upheaval in Private-Credit Industry
KKR sold private-equity investments to boost profits, while Blue Owl said investor withdrawals had bottomed out.
----
NYSE Owner to Buy MarketAxess in $6 Billion Deal
Intercontinental Exchange agreed to acquire MarketAxess, an electronic trading platform for fixed-income markets, for $6 billion.
----
Yum Brands Says It's Moving Quickly to Address Cyclospora Outbreak
Yum Brands said its teams are working quickly and transparently in response to one of the biggest food-safety crises in Taco Bell's history, after public-health officials linked the shredded lettuce garnishing some of its menu items to a rapidly expanding cyclospora outbreak.
----
Citadel Buys Situational Awareness's Stock Portfolio After Big Losses in AI
The highflying hedge fund run by Leopold Aschenbrenner is in crisis mode after AI-related bets sank.
----
Crocs Steps Up Outlook, But With Dim Near-Term View
The footwear maker raised its sales and profit outlook for the full year, but expectations for the current quarter missed Wall Street targets. Shares fell.
----
Italy's Leonardo Lifts Guidance After Strong Defense Business Growth
The Italian aerospace-and-defense group said it expected roughly €28.2 billion in orders this year compared with prior guidance of about €25 billion.
----
Mastercard Sales Rise on Payment Network Growth
Mastercard's sales rose in the second quarter, driven by growth in its payment network.