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US futures mostly lower and oil prices climb due to ongoing clashes around Iran
Associated Press23d agoneutral
US futures mostly lower and oil prices climb due to ongoing clashes around Iran

U.S. futures are mostly lower and oil prices continued to climb with the violence in the Middle East ongoing. Fighting between the U.S. and Iran intensified after the U.S. hit Iranian rocket launchers Sunday on an island in the Strait of Hormuz, saying Iran was planning to use them to send mines into the waterway. S&P 500 futures fell 0.1%, and Dow Jones Industrial Average futures were little changed.

Uber, Wayve Bring Robotaxis to London
The Wall Street Journal23d agoneutral
Uber, Wayve Bring Robotaxis to London

Starting Thursday, passengers using Uber’s app in the U.K. capital could be matched with a vehicle outfitted with Wayve’s autonomous-driving technology.

ZEISS SMT CEO: China 15 Years Behind in Top Chip Tools
Bloomberg23d agoneutralVIDEO
ZEISS SMT CEO: China 15 Years Behind in Top Chip Tools

Frank Rohmund, CEO of Zeiss SMT, a key supplier to ASML's EUV lithography machines, sayd he expects that Beijing will need 15 years to develop EUV lithography machine, and additional export controls will only accelerates innovation in China. He speaks with Bloomberg's Stephen Engle on the sidelines of Semicon Taiwan.

FedEx Freight fires chief commercial officer following internal probe
FreightWaves23d agobearish
FedEx Freight fires chief commercial officer following internal probe

FedEx Freight announced that it has terminated Chief Specialized Services and Commercial Officer Mike Lyons, who was appointed to the role ahead of the company’s spinoff from FedEx Corp. The post FedEx Freight fires chief commercial officer following internal probe appeared first on FreightWaves.

Snowflake Q2 Earnings Call Highlights
MarketBeat23d agoneutral
Snowflake Q2 Earnings Call Highlights

Snowflake (NYSE:SNOW) reported accelerating second-quarter fiscal 2027 growth as demand for its core data platform and AI products increased, while the company also expanded its non-GAAP operating margin and raised its full-year product revenue outlook. Product revenue totaled $1.49 billion, up 37%

Hewlett Packard Enterprise Q3 Earnings Call Highlights
MarketBeat23d agoneutral
Hewlett Packard Enterprise Q3 Earnings Call Highlights

Hewlett Packard Enterprise (NYSE:HPE) reported record fiscal 2026 third-quarter results, citing accelerating demand for AI infrastructure, continued networking momentum and disciplined pricing. The company also raised its fiscal 2026 outlook and updated its fiscal 2027 growth framework as orders out

Broadcom Q3 Earnings Call Highlights
MarketBeat23d agoneutral
Broadcom Q3 Earnings Call Highlights

Broadcom (NASDAQ:AVGO) reported record third-quarter fiscal 2026 revenue, operating income and free cash flow, driven by sharply higher demand for artificial intelligence semiconductors and custom AI accelerators. Revenue rose 86% year over year to $29.6 billion, while operating income increased 92

Ford’s $30,000 EV Truck Sets Ambitious Goal: 100,000 Sales in Year One
The Wall Street Journal23d agoneutral
Ford’s $30,000 EV Truck Sets Ambitious Goal: 100,000 Sales in Year One

Ford Motor is setting an ambitious target for its new electric truck that has only been seen by Tesla in the U.S. The truck, called the Ford Fathom, starts around $30,000 and will go on sale next year. Ford is seeking mainstream sales not seen by its earlier, more expensive electric vehicles.