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FIFA Explores Stake Sale in New $20 Billion Entity
The Wall Street Journal62d agoneutral
FIFA Explores Stake Sale in New $20 Billion Entity

FIFA, soccer’s highest governing body, is exploring raising more than $4 billion by selling a stake in a new commercial venture. The venture would be valued at around $20 billion and house the group’s broadcast rights, sponsorship, ticketing and licensing businesses across men’s, women’s and youth soccer, FIFA said Tuesday. It said is working with investment bankers at JPMorgan and advisers including OpenEconomics.

Brown & Brown Q2 Earnings Call Highlights
MarketBeat62d agoneutral
Brown & Brown Q2 Earnings Call Highlights

Brown & Brown (NYSE:BRO) reported second-quarter revenue of $1.7 billion, up 30.4% from a year earlier, as acquisition activity and higher contingent commissions helped offset pressure from declining catastrophe-property insurance rates. Chief Executive Officer Powell Brown said the company’s resul

American Tower Q2 Earnings Call Highlights
MarketBeat62d agoneutral
American Tower Q2 Earnings Call Highlights

American Tower (NYSE:AMT) raised its full-year 2026 outlook for the second time this year after reporting second-quarter growth in tower leasing and record leasing activity at its CoreSite data center business. President and CEO Steve Vondran said the company’s performance was supported by “robust

NBT Bancorp Q2 Earnings Call Highlights
MarketBeat62d agoneutral
NBT Bancorp Q2 Earnings Call Highlights

NBT Bancorp (NASDAQ:NBTB) reported second-quarter net income of $53 million, or $1.02 per diluted common share, as record net interest income, loan growth and fee-based revenue contributed to improved results. President and CEO Scott Kingsley said the company delivered “significantly stronger earni

Apple briefly becomes second company ever to notch $5 trillion market value
Reuters62d agoneutral
Apple briefly becomes second company ever to notch $5 trillion market value

Apple's market capitalization briefly surpassed $5 trillion for the first time on Tuesday, making it only the second company ever to achieve that milestone after ‌Nvidia. Its shares were last up 0.2% at $337.7, giving it a market capitalization of $4.96 ‌trillion. The iPhone maker became the most valuable company ​in the world earlier this month, overtaking chip giant Nvidia - which had been at the top since June 2025 and was the first company ever to breach the $5 trillion threshold.

China's chip tool push shows ASML caught in US-China squeeze
Reuters62d agoneutral
China's chip tool push shows ASML caught in US-China squeeze

China's launch of a homegrown type of advanced lithography chip printing machine is spotlighting how European chip tool maker ASML, whose recent share price surge made it Europe's most valuable listed company, is being squeezed between two sides. On ‌the one hand, U.S. controls on exports of high-tech goods to China are threatening to reduce access to a major market; and on ‌the other, Beijing's push for technological independence in areas such as chip production raises the possibility of a China-based competitor. Reuters reported on Tuesday that a little-known Chinese state-owned firm called Shanghai Aishengna ​Electronic Technology Group was leading an effort to mass produce locally made immersion deep ultraviolet (DUV) lithography tools, key to modern chipmaking.

SpaceX Trades at a Big Discount to IPO Price
The Wall Street Journal62d agoneutral
SpaceX Trades at a Big Discount to IPO Price

18% That's roughly how much cheaper shares in Elon Musk's space-exploration and AI company are today, compared with their IPO price of $135. The stock climbed above $200 shortly after its hotly anticipated market debut.

TSMC says Japan plant gradually resuming operations after earthquake
Reuters62d agoneutral
TSMC says Japan plant gradually resuming operations after earthquake

Taiwan Semiconductor Manufacturing Co, the world's largest ‌contract chipmaker, said late ‌on Tuesday it had begun gradually resuming ​operations at its Japan Advanced Semiconductor Manufacturing (JASM) plant in Japan's Kumamoto prefecture after a strong earthquake prompted ‌the precautionary evacuation ⁠of workers. The company said all personnel at the Japan site were confirmed ​safe after ​being evacuated ​in accordance with ‌internal safety procedures. JASM's construction site was ‌unaffected, TSMC said, adding ​that parts ​of the construction work had been suspended as a safety ​precaution because ‌there could still be occasional ​aftershocks.

Visa Is Slashing 2,600 Jobs as It Adapts to Changing Payments Industry
The Wall Street Journal62d agoneutral
Visa Is Slashing 2,600 Jobs as It Adapts to Changing Payments Industry

Visa is cutting 2,600 jobs, or about 7% of its workforce, as it works to adapt to the rapidly changing payments industry. “To capture the opportunities ahead and best position Visa to lead this transformation, we must continue evolving how we work,” he wrote in a memo viewed by The Wall Street Journal. Visa joins other large companies seeking to streamline operations and improve efficiency with AI.

PayPal Q2 Earnings Call Highlights
MarketBeat62d agoneutral
PayPal Q2 Earnings Call Highlights

PayPal (NASDAQ:PYPL) reported second-quarter results that exceeded its expectations, citing growth in Venmo, credit products and Braintree, while raising full-year guidance for transaction margin dollars and non-GAAP earnings per share. CEO Enrique Lores said revenue increased 5% during the quarter

CommVault Systems Q1 Earnings Call Highlights
MarketBeat62d agoneutral
CommVault Systems Q1 Earnings Call Highlights

CommVault Systems (NASDAQ:CVLT) reported first-quarter fiscal 2027 results that exceeded its expectations, driven by continued growth in subscription and software-as-a-service offerings, while the company raised its full-year non-GAAP EBIT margin outlook and subscription revenue guidance. Chief Exe

Core Scientific Q2 Earnings Call Highlights
MarketBeat62d agoneutral
Core Scientific Q2 Earnings Call Highlights

Core Scientific (NASDAQ:CORZ) said it has entered a commercial partnership with AMD covering up to 2.5 gigawatts of data center capacity, beginning with approximately 530 megawatts across five campuses under 15-year agreements. Chief Executive Officer Adam Sullivan said the initial agreements repre

Cadence Stock Can Be an AI Winner. The Earnings Prove It.
Barrons.com62d agoneutral
Cadence Stock Can Be an AI Winner. The Earnings Prove It.

Cadence Design Systems stock jumped Tuesday after the chip-design company reported better-than-expected earnings and reaffirmed its positioning as an artificial-intelligence beneficiary. Cadence reported adjusted earnings of $2.11 a share in the second quarter, up from $1.65 a year ago and above analysts’ consensus estimate of $2.05, according to FactSet. Cadence lifted its full-year guidance for adjusted earnings per share to between $8.05 and $8.15, up from a previous range of $7.85 to $7.95.