Meta Releases Coding Agent to Compete With OpenAI and Anthropic
The company, pressed by investors to generate revenue from AI, says its offering will cost less than popular alternatives.
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Western Digital Profit Surges as Revenue Grows
Western Digital reported a more than elevenfold increase in its fourth-quarter profit, driven by continued strong demand for its memory technology.
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Etsy to Cut 12% of Workforce as CEO Focuses on Core Marketplace
The layoffs, which came alongside a quarterly report showing growth across the business, are part of the company's goal of adapting its marketplace to changing online-shopping habits.
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Sandisk Revenue Soars on AI Data Storage Demand
The company posted a higher net income of $6.9 billion as the artificial-intelligence buildout continued to fuel demand for data storage.
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Google Overhauls AI Leadership as Longtime Chief Scientist Joins Wave of Exits
Demis Hassabis becomes chairman of Google DeepMind while Jeff Dean leaves to launch an AI-discovery startup.
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Expedia Raises Revenue View on Higher Profit, Revenue
The online travel agency said it now expects annual revenue to be $16.05 billion to $16.22 billion, up from a previous range of $15.6 billion to $16.0 billion.
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Zillow Swings to Loss on Restructuring Costs
The company posted a loss of $4 million as restructuring costs of $36 million weighed on the bottom line despite higher revenue.
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Goodyear Swings to Loss on Lower Tire Volume, Higher Costs
The company posted a loss of $204 million, or 71 cents a share, compared with a profit of $254 million, or 87 cents a share, in the year-ago quarter.
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Block Raises Outlook on Financial Solutions Growth
Block raised its full-year guidance and reported higher second-quarter revenue as growth in its commerce and financial solutions businesses helped to offset declines in Bitcoin.
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Hailey Bieber's Rhode Powers e.l.f. Beauty's Sales Growth
E.l.f.'s sales climbed 36% in the first quarter to $479.4 million, and the company raised its full-year sales guidance.
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CVS Health Launches Eli Lilly GLP-1 Partnership, Lifts Outlook as Profit Increases
CVS Health said it will revamp its weight management program through a partnership with Eli Lilly as the company lifted its full-year outlook and reported a nearly threefold increase in its second-quarter profit.
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Eli Lilly Posts Higher Revenue on Continued GLP-1 Demand
Eli Lilly reported higher net income and revenue in the recent quarter, fueled by continued surging demand for its GLP-1 weight-loss drugs.
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Theme Parks and 'Toy Story 5' Boost Disney Results
Third-quarter revenue increased 7% to $25.2 billion, driven by growth from the company's experiences unit.
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Kraft Heinz Raises Sales View Amid Efforts to Offset Higher Costs
Kraft Heinz had a narrower loss and lower sales in the second quarter, but raised its sales outlook as it aims to mitigate higher supply costs by raising prices.
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Uber Technologies Reports Moderating Growth, Issues Soft Forecast
Uber Technologies notched higher revenue in the second quarter but issued a soft outlook as it continues to invest heavily in autonomous vehicles.