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CEOs used to talk up AI progress and efficiency by the number of workers it could replace, but with economic worries climbing, they're being more careful about linking AI to job cuts.

All three major US stock indexes were down in late-morning trading Thursday, as yields on Treasury b

SpaceX stock just slipped below its IPO price on a fraction of the supply that sent shares surging weeks ago, and the calendar shows two far larger unlock events still ahead before year-end.

China’s technology giant Alibaba on Thursday reported a 75% drop in profit for the latest quarter as it invested big in artificial intelligence infrastructure, even as revenue coming from its AI-related services gained 45%. The Hong Kong- and U.S.-listed company, which started out in e-commerce and online retail but is increasingly focused on AI technologies, said that its profit for April-June was at 10.5 billion yuan ($1.6 billion), down from 43.1 billion yuan ($6.4 billion) the same quarter last year. Quarterly revenue grew 9% to almost 269 billion yuan (nearly $40 billion), with revenue from its AI cloud and compute services up 45% to 48.4 billion yuan ($7.2 billion).

On this episode of Stock Movers: - Shares of Walmart (WMT) tumbled ahead of the market open after the retail giant's quarterly sales fell short of expectations, a rare miss that's likely to stoke concern about the leading big-box retailer decelerating alongside a slow-growing US economy. - Shares of Advanced Auto Parts (AAP) sunk in premarket trading after the parts provider reported second-quarter sales that fell short of analyst estimates. Though the company boosted its adjusted earnings per share forecast for the full year, it maintained its sales guidance, which is also below estimates at the midpoint. - Shares of Coty (COTY) fell after the beauty conglomerate reported fourth-quarter results. While the company's net revenue for the quarter beat the average analyst estimate, Coty didn't provide a full-year forecast and said it expects to provide a broader outlook following a strategic review.

Higher gas prices cut into Americans’ overall spending, leading to the slowest sales growth at Walmart’s US stores since the earliest months of the pandemic.

Advance Auto Parts stock cratered Thursday even as the company beat earnings estimates, leaving investors to question whether the headline numbers tell the real story about consumer demand and the health of the entire auto parts sector.

Walmart's (WMT) fiscal second-quarter US comparable sales growth decelerated more than Wall Street e

SMCI said its investigation also found no evidence that Supermicro directly sold export-controlled products to known restricted parties or locations.

Cloud revenue jumped 45% as AI demand stayed strong. Summary

Bond yields reversed course Thursday after the Treasury's debt buyback plan failed to sustain a rally in fixed-income markets

BFGFX's recent decline is being driven by factors beyond SpaceX, despite the stock's strong contribution to the fund's second-quarter return.

Walmart CFO John David Rainey said the timing of Flipkart’s Big Billion Days sale will shift between the third and fourth quarters, creating a headwind of more than 100 basis points to third-quarter sales growth.

Stock Market Today: The Dow Jones index drops Thursday on Trump's "Economic D-Day" threat on Iran. Walmart dives on earnings.

Net income fell to 10.54 billion yuan in the June quarter, while cloud revenue grew 45% on surging AI demand

Investing.com -- Alibaba shares dipped around 4% in U.S. premarket trading Thursday after the Chinese e-commerce and cloud giant reported second-quarter earnings well below analyst expectations.

Investing.com -- Alibaba shares dipped around 4% in U.S. premarket trading Thursday after the Chinese e-commerce and cloud giant reported second-quarter earnings well below analyst expectations.

Wolfspeed (NYSE:WOLF) shares fell sharply in premarket trading on Thursday after the semiconductor manufacturer delivered significantly weaker-than-expected fiscal fourth-quarter results, extending the selloff that began following Wednesday evening’s earnings announcement. The stock dropped 10.

China's Alibaba on Thursday reported a 9% rise in quarterly ‌revenue, as strong demand for AI services ‌fueled growth in its cloud business, while an extended "618" ​shopping festival boosted its core e-commerce unit. As businesses increasingly deploy artificial intelligence applications, demand for the cloud computing power needed to train and ‌run those systems ⁠has surged, benefiting China's largest technology companies. Alibaba, the country's biggest cloud services ⁠provider, has stepped up investment in AI infrastructure, proprietary models and applications, positioning the technology ​as ​a key growth driver ​for its cloud ‌and consumer businesses.

By Niket Nishant and Rae Wee Aug 20 (Reuters) - A bond market reprieve appeared to be fading on Thursday as U.S. government bonds sold off and kept stocks under pressure, with investors questioning

U.S. stock futures mostly pointed higher, buoyed by the unexpected intervention that broadly lifted global market sentiment.

More than 100 installers have collapsed, but one solar giant is surviving and remains positioned to benefit.

The silicon carbide maker reported a wider-than-expected loss and expects next-quarter sales to remain broadly flat at $140 million to $160 million.

Alibaba stock has slipped this year but earnings are an opportunity to flip the narrative on its artificial-intelligence progress.

In addition to meeting analyst expectations for fourth quarter revenue, it also beat on earnings per share.

Walmart stock is down 15% since mid-May. A few factors could help the retailer’s shares change direction.

Nebius Stock Slides as Company Turns to Billions in Convertible Debt

Walmart raised its outlook, but traffic and US sales came in below Wall Street's expectations.

Google's Marvell agreement deepened pressure on general-purpose accelerator companies despite retreating yields.

Investors are worried Mark Walter may be forced to liquidate his stake in the online used-car retailer as prosecutors and the SEC scrutinize his financial empire