Meta shares pop on revenue and earnings beat, better-than-expected forecast
Meta reported second-quarter earnings on Wednesday after the bell. Here are the results:
European markets close higher as euro zone inflation rises; tech stocks up 2.6% led by ASML
European markets closed higher on Wednesday, with corporate earnings still in focus.
Japan confirms $36.8 billion currency intervention as weak yen pushes BOJ to hike interest rates
Japanese authorities spent 5.53 trillion yen, or $36.8 billion, to shore up the yen in July, official data published Wednesday showed.
Private payroll growth slowed to 122,000 in July, less than expected, ADP says
Companies added just 122,000 jobs on the month, the slowest pace since January.
Banks get bullish on the British pound despite the possibility of an imminent snapback
Sterling’s recent runup comes despite traders pricing in the potential of a rate cut in August by the Bank of England.
Delta CEO says CrowdStrike-Microsoft outage cost the airline $500 million
Bastian told CNBC’s “Squawk Box” on Wednesday that the carrier would seek damages from the disruptions, adding, “We have no choice.”
Uber to start using BYD cars in Europe, Latin America and develop ‘autonomous-capable vehicles’
Uber plans to use 100,000 electric BYD cars on its ride-hailing platform, starting in Europe and Latin America, the two companies announced Wednesday.
AMD jumps 5% as global chip stocks rally after earnings and geopolitics lift sector
Shares of global semiconductor firms were boosted by some positive tech earnings and a report of potentially less severe U.S. export restrictions on China.
ASML shares pop 7% after report that U.S. will exempt allies from new China chip restrictions
Reuters reported that the U.S. is considering expanding chip export restrictions to China, but countries including the Netherlands and Japan would be excluded.
Euro zone inflation rises to 2.6% in July, above expectations
Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union’s statistics agency said Wednesday.
