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Antitrust Trial Over Paramount-Warner Merger Set for March
The Wall Street Journal53d agoneutral
Antitrust Trial Over Paramount-Warner Merger Set for March

A California federal judge said Tuesday that the antitrust trial will begin March 2 with an expectation that it will run for 12 court days. The timeline the judge laid out in a written order is much later than the November 2026 start date Paramount had sought. The order will prove costly for Paramount.

Wayfair Sees Momentum as Stores, High-End Goods Draw Consumers
Bloomberg53d agoneutralVIDEO
Wayfair Sees Momentum as Stores, High-End Goods Draw Consumers

Kate Gulliver, CFO at Wayfair, said that the momentum the furniture company is seeing is the result of initiatives building up over time as Wayfair tries to improve the customer experience. Gulliver also discussed what kind of consumers are buying from Wayfair. She said that the company is seeing momentum from the higher-end consumer with the inclusion of a premium brand 'Perigold' and is drawing in new customers with brick-and-mortar stores.

New Jersey Sues Amazon, Alleging Delivery Network Illegally Suppresses Wages
The Wall Street Journal53d agoneutral
New Jersey Sues Amazon, Alleging Delivery Network Illegally Suppresses Wages

The lawsuit alleges Amazon violated federal and state antitrust laws through its Delivery Service Partner program, arguing the company exercises unlawful “monopsony,” or a dominant buyer’s ability to dictate prices and terms-over the small businesses that deliver Amazon packages and the drivers they employ.

Bloomberg53d agoneutral
Samsung Reveals New 3D-Memory Roadmap in Bid for AI Tech Lead

(Bloomberg) -- Samsung Electronics Co. offered a glimpse of its most advanced memory hardware, touting improved performance and power efficiency in a bid to overtake rivals SK Hynix Inc. and Micron Technology Inc. in the race for long-term dominance.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersTaco Bell Met With Michigan on Parasite Weeks Before RecallIran Weighs Allowing Europe to Clear Mines in S

SK hynix, Sandisk race to fix AI’s next chip bottleneck
TheStreet53d agoneutral
SK hynix, Sandisk race to fix AI’s next chip bottleneck

Anyone who bought a laptop or built a gaming PC this year already felt memory prices climb. DRAM and NAND flash have gotten steadily more expensive as AI data centers absorb nearly every chip factories can produce, according to a Bloomberg analysis. On August 3, SK hynix and Sandisk released the ...

Viper Energy Q2 Earnings Call Highlights
MarketBeat53d agoneutral
Viper Energy Q2 Earnings Call Highlights

Viper Energy (NASDAQ:VNOM) said steady development activity across its mineral and royalty acreage supported second-quarter execution and prompted the company to initiate third-quarter average production guidance implying roughly 4.5% growth from the second quarter. Chief Executive Officer Kaes Van

Wix.com Q2 Earnings Call Highlights
MarketBeat53d agoneutral
Wix.com Q2 Earnings Call Highlights

Wix.com (NASDAQ:WIX) reported second-quarter 2026 bookings growth of 12% year over year and revenue growth of 15%, driven by continued growth in its core business and strong demand for Base44, its AI-powered application creation platform. Chief Executive Officer and Co-Founder Avishai Abrahami said

AstraZeneca-BMY megadeal talk sparks huge market rift
TheStreet53d agoneutral
AstraZeneca-BMY megadeal talk sparks huge market rift

Two of the world's biggest drugmakers moved in opposite directions on Monday, and the split says a lot about how Wall Street reads a merger. Reports surfaced over the weekend that AstraZeneca (AZN) had held talks about combining with Bristol Myers Squibb (BMY). The deal would be worth close ...

Palantir CEO escalates Microsoft’s AI warning
TheStreet53d agoneutral
Palantir CEO escalates Microsoft’s AI warning

Last month, Satya Nadella sounded the alarm for corporate America by questioning the true cost of enterprise AI. The Microsoft (MSFT) CEO argued that businesses are essentially paying twice for using AI services: once for the intelligence and again for the proprietary knowledge they must give ...

Every Bank Needs A Stablecoin Strategy: Sheffield
Bloomberg53d agoneutralVIDEO
Every Bank Needs A Stablecoin Strategy: Sheffield

Cuy Sheffield, Head of Crypto at Visa, joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." They discuss that Visa has unveiled it's own stablecoin platform. It's designed to let financial firms issue, move and manage stablecoins.

Tower Semiconductor Q2 Earnings Call Highlights
MarketBeat53d agoneutral
Tower Semiconductor Q2 Earnings Call Highlights

Tower Semiconductor (NASDAQ:TSEM) reported record second-quarter 2026 revenue and profitability, citing accelerating demand for silicon photonics and related data-center connectivity products. The company also raised its 2028 financial model and detailed a two-track expansion plan in Japan intended

Sterling Infrastructure Q2 Earnings Call Highlights
MarketBeat53d agoneutral
Sterling Infrastructure Q2 Earnings Call Highlights

Sterling Infrastructure (NASDAQ:STRL) reported sharply higher second-quarter results as demand for mission-critical infrastructure work, including data centers and semiconductor campuses, drove growth in its E-Infrastructure Solutions segment. Management also raised its full-year outlook to reflect

Bank of New York expands crypto business with Galaxy
TheStreet53d agoneutral
Bank of New York expands crypto business with Galaxy

The Bank of New York Mellon Corporation (NYSE: BNY), the world's largest custodian bank, is expanding its digital asset business to let institutional clients earn rewards on the crypto they already hold with the bank, teaming up with Galaxy Digital to make it happen. BNY Mellon is a ...

Wall Street Is Bullish on SpaceX, Despite Recent Stock Weakness
The Wall Street Journal53d agoneutral
Wall Street Is Bullish on SpaceX, Despite Recent Stock Weakness

Wall Street has reached a broad consensus about SpaceX’s shares: investors should buy them. Among 25 analysts with a stock recommendation for the space-and-artificial intelligence company, 21 suggest purchasing the stock or have an “overweight” rating on it, according to a tally from FactSet. SpaceX’s stock has been trading under its IPO price of $135 over the last couple of weeks, weighed down in part by the expectation that insiders will start selling shares when lock-up periods preventing them from doing so expire.