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Hedge funds on track for another stellar year on AI boom
Reuters62d agoneutral
Hedge funds on track for another stellar year on AI boom

Global hedge funds are on track for another blockbuster year, as they look to surpass their returns from 2025 after an artificial intelligence boom buoyed first-half ‌performance for money managers across most investment strategies, according to a Goldman Sachs note sent to ‌clients that was seen by Reuters. During the first six months of this year, hedge funds returned an average of 7%, well above the 10-year ​average of 4.1%, according to the Goldman report. "The first half of 2026 was notably strong for risk assets – an equity market rally ‌helped to offset softer fixed income performance, ⁠propelling a 60/40 passive portfolio to a return of 5.7% – but in spite of this, hedge funds continued their run of outperformance," Goldman said.

Coca-Cola second quarter earnings top estimates, raises full-year guidance
Proactive62d agoneutral
Coca-Cola second quarter earnings top estimates, raises full-year guidance

The Coca-Cola Company (NYSE:KO) reported better-than-expected second quarter results on Tuesday and raised its full-year guidance, sending shares up almost 7% in early trading on Tuesday. The beverage maker posted adjusted earnings of $0.97 per share for the quarter, ahead of Wall Street...

Investing.com62d agoneutral
Apple’s bold new smart home revolution is coming

According to reporting from Bloomberg’s Mark Gurman, Apple is preparing an aggressive push into the living room with an AI-powered command center designed to sit at the heart of your home. The core of Apple’s immediate strategy centers on a new wall- or desk-mounted smart display featuring a roughly 7-inch square screen. Powered by a customized operating system that blends elements of tvOS, watchOS, and iOS, the UI relies on a familiar grid of apps, interactive widgets, and customizable Apple Wa

Bloomberg62d agoneutral
Nasdaq 100 Heads for Correction as AI Worries Rattle Investors

(Bloomberg) -- The Nasdaq 100 Index is on track to enter a correction as worries about the eventual payoffs from artificial intelligence investments sour sentiment in the technology giants that have powered most of this year’s stock-market advance. Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeDeepSeek Suspends Fundraising After Viral US-China

Commvault Shares Fall Despite Strong First-Quarter Earnings Beat
InvestorsHub62d agoneutral
Commvault Shares Fall Despite Strong First-Quarter Earnings Beat

Commvault Systems (NASDAQ:CVLT) reported first-quarter fiscal 2027 results that exceeded analyst expectations, although the cyber resilience software company’s shares fell more than 3% in pre-market trading as investors focused on its forward guidance. The company delivered double-digit revenue growth, record subscription revenue and continued expansion in its software-as-a-service business.

Celestica Q2 Earnings Call Highlights
MarketBeat62d agoneutral
Celestica Q2 Earnings Call Highlights

Celestica (NYSE:CLS) reported second-quarter 2026 revenue and adjusted earnings per share above the high end of its guidance, supported by demand for AI infrastructure and networking programs. The company also raised its full-year outlook and said it expects revenue growth to accelerate in 2027. Se

Bloomberg62d agoneutral
Visa to Cut 7% of Workforce as CEO Seeks to Revamp Company

(Bloomberg) -- Visa Inc. is eliminating about 2,600 jobs as Chief Executive Officer Ryan McInerney seeks to make the firm more efficient as it competes in an increasingly tough payments industry.Most Read from BloombergNvidia’s $750 Billion in Deals Reignite Circular AI FearsChip Rout Deepens on Circular Funding, China Competition FearsCitadel Securities Sees Warsh Delivering Surprise Fed HikeDeepSeek Suspends Fundraising After Viral US-China PostsS&P 500 Wobbles as AI Angst Offsets Oil Decline:

Apple launches US device leasing program with Klarna
Reuters62d agoneutral
Apple launches US device leasing program with Klarna

Apple on Tuesday launched a device leasing program in the U.S. through ‌payments firm Klarna, offering customers monthly plans for ‌iPhones, Macs, iPads and Apple Watches. The program, called Apple Upgrade, expands ​the technology giant's payment options and replaces its existing iPhone Upgrade Program and iPhone Payments offering in the country. Customers can lease iPhones and Apple Watches for ‌12 or 24 ⁠months, while Macs and iPads are available under 24- or 36-month plans, Apple said.

Visa plans to cut 7% of workforce, Bloomberg News reports
Reuters62d agoneutral
Visa plans to cut 7% of workforce, Bloomberg News reports

Visa plans to cut 7% of its workforce, or ‌about 2,600 jobs, Bloomberg News reported ‌on Tuesday, citing a staff memo, as the payments ​processor seeks to become more efficient in a challenging industry. AI has ⁠helped cut repetitive tasks and speed up product development, but it ⁠was not the sole factor behind the decision, Bloomberg reported, citing a person ​familiar with ​the company's reasoning. Earlier this year, peer Mastercard announced plans ‌to lay off 4% ​of its global workforce, ​citing the ​need to refocus investments in different ‌areas.