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Investing.com -- International Business Machines Corporation (NYSE:IBM) reported second-quarter results that fell short of analyst expectations, though shares rose 3% as the company had issued a profit warning last week.
Senior Business Reporter Brooke DiPalma joins Market Domination Overtime Host Josh Lipton to break down Tesla's (TSLA) second-quarter earnings, with the EV maker reporting $28.24 billion in revenue, up 26% year over year, while adjusted earnings per share came in at $0.33, missing Wall Street expectations.
Healthcare insurance company Molina Healthcare (NYSE:MOH) met Wall Street’s revenue expectations in Q2 CY2026, but sales fell by 4.8% year on year to $10.87 billion. On the other hand, the company’s full-year revenue guidance of $42 billion at the midpoint came in 5.1% below analysts’ estimates. Its non-GAAP profit of $1.51 per share was 7.8% above analysts’ consensus estimates.
A closely watched social media addiction lawsuit that had been set to go to trial next week has been dropped after the plaintiff voluntarily dismissed his claims against Meta, leaving none of the major tech companies facing trial in the case.
IBM cut its annual revenue growth forecast on Wednesday, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers. The company also missed profit and revenue expectations for the second quarter ended June 30, but executives sought to reassure shareholders that customers prioritized spending on AI in the quarter but were not looking to move away from mainframes in the longer term. CEO Arvind Krishna said last week IBM had "faltered" in adapting and "numerous large deals" had slipped, sending the company's shares down 25%, its steepest one-day fall in more than a century.
Texas Instruments beat Wall Street's targets for the second quarter and guided higher than views for the current period. But TXN stock fell in extended trading.
<body><p>STORY: The iShares Russell 2000 ETF (IWM) was trading lower on Wednesday (July 22).</p><p>"The catalyst for small caps being down is a rise in interest rates," Lang said. "Small caps are anathema to higher interest rates."</p><p>"We're seeing steady rises [in rates] over the past several weeks," he noted, adding that the 10-year Treasury yield is "pushing up against 4.7%."</p><p>"Once it pushes past through 4.7%, I think the wheels come off on some of these small-cap stocks," Lang said.</p></body>
The company is narrowing its AI focus while continuing a broader cost-reduction push.
Top cryptocurrencies fell Wednesday, with Bitcoin (BTC-USD) dropping below $66,000. The CoinDesk
A Florida teen suing social-media platforms over claims their design led to mental health issues dropped his lawsuit against Meta Platforms ahead of a trial slated to begin next week in Los Angeles.
Red Cat Holdings (NASDAQ:RCAT) stock is down 26% over the past month and down 8% today to $7.86, putting the drone maker at the heart of a broader shakeout in defense-tech names. The question is whether the group is out of fuel or simply cooling off after a large run higher. The answer looks mixed across ... Red Cat Just Dropped 26% in a Month: Are Drone Stocks Like RCAT, Ondas, Redwire, and AeroVironment Out of Fuel?
Walmart, ticker NasdaqGS:WMT, has partnered with ReturnPro to refurbish and resell returned products. The initiative focuses on recouping losses from online returns while reducing waste through refurbishment and resale. The move targets both operational efficiency and environmental impact in Walmart’s growing e-commerce business. Walmart enters this agreement with ReturnPro at a time when its stock price stands at $110.39 and the company has delivered a return of 16.1% over the past year...
Reddit slides as $60 million Google AI content deal comes under review
A Florida teen dropped his lawsuit on Wednesday against Meta Platforms, canceling a Los Angeles trial over claims the social media company's apps caused his depression and anxiety. The trial, which had been slated to begin on Monday, was expected to be the second trial in thousands of lawsuits that have been consolidated in California state court over claims social media companies designed their platforms to be addictive to children, spurring a youth mental health crisis. The lawsuit, brought by a 15-year-old boy known as R.K.C. who started using social media when he was 8, originally named four defendants: Google's YouTube, Meta's Instagram, Snap Inc's Snapchat and ByteDance's TikTok, but YouTube and TikTok settled in June.
Chen surrendered shares at $224.56 each following RSU vesting, reducing direct holdings by 3% while maintaining 50,434 shares and derivative positions totaling 31,662 securities.
As Bitcoin (BTC) has been crashing over the last few months, several cryptocurrency companies have been selling their BTC holdings. Bitdeer Technologies Group (Nasdaq: BTDR), one of the largest Bitcoin mining companies, has fully liquidated its corporate BTC holdings in February. MARA Holdings ...
AT&T just posted its fifth straight earnings beat while adding over a million new accounts, yet its stock sits near a multiyear low as Starlink looms. CEO John Stankey says satellite competitors are decades too late to matter, but Wall Street analysts are not so sure.
Dimon looks for a particular characteristic when promoting people to a “big job.”
ADBE's 40% slide from its 52-week high reflects AI monetization doubts, slower near-term ARR growth and leadership changes despite strong adoption.
Reddit's $60 million-a-year deal with Google is ending soon, and the company is reassessing whether renewing it makes sense
Morgan Stanley recently downgraded Wix.com from “Overweight” to “Equal-weight,” citing concerns about the core website-building business and softer consolidated bookings and revenue growth expectations following organizational changes and partner slowdowns. This shift in analyst stance comes even as new offerings like Base44, Wix Harmony, and the expanded Wix Headless AI integrations signal ongoing product innovation aimed at broadening the platform’s role in online business building. We’ll...
PEGA's revenues rise 9.4% as cloud sales surge, but earnings miss estimates and delayed AI-era buying decisions slow ACV growth.
Amazon has eliminated positions within its Artificial General Intelligence group as part of an ongoing effort to focus resources on core customer priorities.
JPMorgan Chase just had the most profitable quarter in its history. Second-quarter net income came in at $21.2 billion, powered by a surge in trading revenue and a gain on its Visa stake. The S&P 500 is up close to 10% this year. Consumers are still spending. Inflation has moderated. By most ...
Wall Street strategists are calling July's chip carnage a gift, and the reasoning comes down to a capital spending figure so large it dwarfs anything the semiconductor industry has absorbed before. The question is whether the underlying earnings can actually justify it.
Sale executed under pre-scheduled Rule 10b5-1 trading plan adopted June 2025, reducing his Class A holdings by 72% while retaining 41.4 million derivative securities.
EQT's Q2 earnings and revenues miss estimates as lower realized gas prices offset higher volumes, while cash flow and production guidance increase.
Analysts who follow Nike are expressing skepticism about its move to consolidate online sales in China. The company said Wednesday that it will cut off most of the third-party e-commerce vendors who sell its products, consolidating sales into about a dozen of the country’s top e-commerce platforms and Nike’s own Chinese-language website and app. “The decision to terminate this very important channel is a strategic misstep in our view,” said Laurent Vasilescu, an analyst at BNP Paribas.
Micron stock may have found a support level after sliding. Here's a trade setup with quick and hefty profit potential.
GE Vernova had a great quarter. Investors didn't care.
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