SpaceX faces House Energy Committee demand to tour its AI data centers in Memphis
The ranking member of the House Committee on Energy is demanding SpaceX records and a tour of its data centers and power plants in and around Memphis.
Meta’s Reality Labs lost over $4.6 billion in second quarter
Meta’s Reality Labs unit, which develops virtual reality and wearable devices, continues losing money.
Starbucks raises full-year outlook as CEO tells CNBC the chain is winning back customer loyalty
Starbucks posted its fourth straight quarter of same-store sales growth, as it continues a turnaround under CEO Brian Niccol.
Carvana stock falls as auto retailer’s 2026 earnings guidance misses Wall Street’s expectations
Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter.
Value stocks get a moment in the sun: ‘Sell semis, buy ketchup’
Value has outperformed this year, as investors pivoted toward companies more exposed to the real economy.
Chipotle stock jumps as chain hikes same-store sales forecast, says cyclospora fears hit sales in late July
Chipotle Mexican Grill stock has fallen more than 7% this year, dragging its market value down to roughly $44 billion.
Qualcomm to raise prices during memory crunch as chipmaker issues light earnings guidance
“Cost went up, prices are going to go up,” Qualcomm CEO Cristiano Amon said in an interview.
Here’s what changed in the second Fed statement under Warsh
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June.
Warren, Schiff urge SEC to probe Trump Media’s paid service giving faster access to Trump’s posts
Trump has frequently posted policy announcements or other newsworthy information on Truth Social that have sent global markets hurtling up or down.
FIFA is embroiled in a $20 billion World Cup controversy. Here’s what’s going on
UEFA – European soccer’s governing body – accused FIFA of “crossing a line” and said the tournament is not its to sell.
