After decades of winning over Chinese buyers with its German engineering, Mercedes-Benz Group AG sold only 1,153 units in China in the first half of 2026, a fraction of the more than 80,000 similarly priced SU7 sedans Xiaomi Corp. delivered in the period. The performance echoes the challenges BMW AG, Volkswagen AG and Porsche AG face in China, where they all reported second-quarter sales declines of at least 30%, worse than the overall market's drop. Bloomberg's William Wilkes reports.
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According to the latest economic reading, America’s GDP growth slowed to 1.5% in Q2 from 2.1% in Q1. Meanwhile, headline PCE inflation remained elevated at 3.7% year over year in June, while core PCE inflation stood at 3.3%. Although America’s consumer spending ticked up a little in Q2, it came at the expense of savings. […]
Nvidia is becoming the "banker of choice to the AI ecosystem" as it seals $500 billion commitments from Wall Street giants. Meanwhile, Intel is looking at its first share sale since the 1970s. Bloomberg's reporters and market watchers make sense of the multibillion-dollar figures, with one noting the capital raise could be a "double-edged" sword for Nvidia.
Shares were mixed in Asia, while oil prices were holding steady Tuesday after jumping the day before as uncertainty persisted over when the Strait of Hormuz could reopen and get the global flow of crude going again. U.S. futures edged higher. Brent crude oil was unchanged at $87.72 a barrel, while U.S. benchmark crude also was flat at $82.13 a barrel.
Riot Platforms Inc (RIOT) secures landmark $9.1 billion AI data center lease and expands engineering margins, offsetting a $237 million GAAP net loss in Q2 2026.
Anthropic is reportedly meeting investors for its IPO and could launch the share sale as early as next month. OpenAI has reportedly deferred its plans to next year.
Archer Aviation Inc (ACHR) reports strong Q2 results with 213% revenue growth, unveils a transformative Boeing deal and new AI platform while managing ongoing cash burn.
Rocket Lab Corp (RKLB) posts 62% revenue growth to $234 million, secures over $1 billion in new contracts, and advances Neutron development toward a Q4 2026 pad delivery.
With the takeoff of agentic AI earlier this year, the central processing unit market is set for faster growth and could become the new growth driver for TSMC, Bernstein analysts said.
Shares of Trade Desk, Papa John’s International, Emergent Biosolutions declined after the companies posted disappointing Q2 results last week.
Sony and TSMC are back in Kumamoto, this time as partners rather than neighbors, discussing a $6.4 billion image sensor plant on the same ground where Japan already spent billions rebuilding its chip industry. Five years ago, Tokyo lured TSMC to the prefecture with unprecedented state subsidies. ...
Hims & Hers Health (NYSE:HIMS) reported second-quarter 2026 revenue of more than $753 million, up nearly 40% from a year earlier, as the telehealth company added 300,000 net new subscribers and ended the period with nearly 3 million subscribers globally. Chief Financial Officer Yemi Okupe said dome
Cannae (NYSE:CNNE) outlined plans to continue repurchasing shares, monetize non-core assets and expand its sports and entertainment portfolio during its second-quarter 2026 earnings call, as the company reported lower operating revenue and significant impairment charges related to its restaurant gro
Babcock (NYSE:BW) reported higher second-quarter revenue, net income and adjusted EBITDA, citing increased project activity and demand for reliable power generation from utility, industrial and data center customers. Chairman and Chief Executive Officer Kenny Young said the company raised its full-
U.S. President Donald Trump said on Monday that he would seek compensation from Iran as part of any peace agreement.
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USA Rare Earth (NASDAQ:USAR) reported second-quarter revenue of approximately $6 million, generated by third-party sales from its Less Common Metals metal and alloy-making business, while outlining progress on its mine-to-magnet supply chain strategy outside China. The company reported a net loss a
Archer Aviation (NYSE:ACHR) said it has entered agreements to acquire Boeing-owned Wisk Aero, Insitu and SkyGrid in an all-stock transaction that is expected to close by the end of the year, broadening its operations beyond electric air taxis into unmanned aircraft systems, aviation artificial intel
Record bookings and backlog signal strong demand across defense and space sectors.
Semiconductor revenue target doubled to $200M as hybrid bonding adoption accelerates.
Net debt fell 15% as production ramped at Jubilee and GTA maintained output levels.
Record backlog and $934M new orders signal surging demand from data centers and utilities.
Demand visibility extends into 2027 as manufacturing capacity expands.
Record revenue drives full-year guidance raise amid semiconductor and data center strength.
Tariffs and weak farm demand pressured margins as construction rebounded.
Revenue surged 90% as data center demand accelerated e-infrastructure growth.
Commercial nuclear revenue surged 72% as management raised full-year guidance.
Revenue hit $3.3 billion with guidance raised on strong newer product growth.
Production hit 1 million barrels daily as management raised guidance and doubled buybacks.
Revenue surged 93% year over year as AI demand accelerated across U.S. markets.