
Xiaomi Corp. posted its third consecutive profit decline, underscoring the heavy toll a persistent global memory shortage has taken on one of the world’s top smartphone makers.
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Xiaomi Corp. posted its third consecutive profit decline, underscoring the heavy toll a persistent global memory shortage has taken on one of the world’s top smartphone makers.

Home Depot (HD) delivered earnings and revenue surprises of +4.46% and +1.33%, respectively, for the quarter ended July 2026. Do the numbers hold clues to what lies ahead for the stock?

L3Harris Technologies, the company that overhauled a Qatari plane now used as Air Force One, has replaced Christopher Kubasik as chairman and chief executive after an investigation determined he violated the defense contractor’s code of conduct. Kubasik’s alleged conduct didn’t involve and has no impact on the Melbourne, Fla., company’s financial reporting, controls, customer relationships or operational performance, L3Harris said Monday. Explanation: The company didn’t give details on when it received a report of the potential violation.

The home improvement retailer posted adjusted EPS of $4.92 and revenue of $47.86 billion, both ahead of Wall Street estimates

Homeowners took on smaller, DIY projects during the recent quarter despite economic uncertainty, driving Home Depot’s sales higher. Still, steep interest rates and continued inflation continue to keep homeowners from taking out debt to tackle larger, months-long renovations, CFO Richard McPhail said in an interview.

The most widely followed gauge of market fear and uncertainty was rising on Tuesday as investors fretted about a flare-up in oil prices that could drive inflation higher and strengthen the case for the Federal Reserve to hike interest rates.

Selling put options before a company's earnings announcement can be a valid strategy for options traders seeking to capitalize on higher than normal volatility.

Data center developers are turning to bespoke natural-gas power plants, a development that promises to dramatically increase carbon emissions and make it harder for US technology companies to meet their lofty climate goals.

Home Depot's results beat estimates in the second quarter, as comparable sales, which measure results at stores open for at least a year, rose 1.7%, while adjusted earnings also surpassed expectations. Lindsay Dutch of Bloomberg Intelligence has more on Bloomberg Television.

Most investors expect the global economy to experience stagflation, or weak growth combined with high inflation, in the next 12 months, Bank of America's global fund manager survey for August shows. The survey also shows a net 14% of investors expect stronger economic growth over the next 12 months, down from 21% last month.

Houthi militants are ramping up attacks along Yemen’s Red Sea coast, shutting operations at a strategic seaport and pushing closer to the Bab al-Mandeb, a critical shipping chokepoint, The Wall Street Journal’s Jared Malsin and Saleh al-Batati write. The militant group’s recent missile and drone attacks forced the closure of the port of Mokha, a key logistics hub for civilian shipping and for anti-Houthi forces operating along the coast, Yemeni authorities said. Shutting down the port makes it harder for the anti-Houthi forces to resupply and resist Houthi attacks.

President Donald Trump is pressuring longtime American ally South Korea over trade and security by, once again, making public overtures to Kim Jong Un.
Investing.com -- Home Depot Inc. (NYSE: HD) reported second-quarter results before the open on Tuesday, exceeding analyst expectations and sending shares around 1.7% higher premarket.

Meta Platforms (NASDAQ:META) is heading to trial in California federal court on Tuesday as a coalition of 29 U. S.

Aug 18 () - Einride AB said on Tuesday it plans to deploy 500 Tesla trucks across its North American operations over the next two years, in what would be the largest rollout of heavy-duty electric vehicles to date. The Sweden-based freight technology company said the deployment, beginning in September 2026, would support customers such as Amazon across freight corridors in California, Texas, New Jersey, Illinois and Georgia, tripling its electric truck fleet.

Fabrinet (NYSE:FN) shares fell 8. 6% in pre-market trading on Tuesday as investors looked beyond stronger-than-expected fiscal fourth-quarter 2026 revenue and earnings and focused instead on weaker margins, negative free cash flow and a softer near-term profit outlook.

📈 Follow our live markets data and coverage. If there’s any business for which changing course really is like turning around a supertanker, it’s Big Oil. At the beginning of this year, the Western world’s five large, integrated energy companies were talking about things like “structural cost efficiencies,” “consistent delivery” and “superior shareholder returns, despite declining oil prices.”

The Fed, oil prices, and corporate earnings are the catalysts putting this Vanguard fund in a prime position to outperform.

Xiaomi continues to face headwinds, with pricier memory chips pressuring smartphone margins, and reduced subsidies adding to already subdued consumer demand.

Homeowners took on smaller, spring maintenance projects during the recent quarter despite continuing economic uncertainty, driving Home Depot’s sales higher and giving the company confidence to back its full-year outlook.

Revenue for the Atlanta company increased to $47.86 billion from $45.28 billion, edging out the $47.24 billion that Wall Street had expected, according to a survey by FactSet. In the U.S., comparable store sales rose 1.3%. “We saw broad based demand across the business as customers continued to engage in smaller projects.”

By Diana Novak Jones Aug 18 (Reuters) - A coalition of states suing Meta Platforms over claims Facebook and Instagram were designed in ways that harmed young users' mental health will begin making its

SpaceX doesn’t waste any time developing rockets, launching satellites, or making big moves to build its AI business. The purchased company is essentially an AI software development tool. A user can tell Cursor to develop, say, a touch screen-based user interface.

It’s always noteworthy when a CEO of a multibillion-dollar company agrees to resign without severance and other perks. L3Harris only said that an investigation found the CEO had violated the company’s code of conduct and that his alleged behavior wouldn’t impact the company’s financial performance, business relationships and operations. The company may have reasons to stay silent, but the secrecy could also be a bad sign—if it continues and if the company doesn’t discuss Kubasik’s actions even with its employees, according to Guido Palazzo, a professor at Switzerland’s Université de Lausanne and co-author of last year’s book “The Dark Pattern: The Hidden Dynamics of Corporate Scandals.”

The Chinese internet titan’s second-quarter net profit and revenue came in below analysts’ expectations.

China's Xiaomi Corp posted a fall of 42.6% in second-quarter net profit on Tuesday, missing analysts' estimates, as higher costs of memory and other components squeezed margins for the maker of smartphones and electric vehicles. Adjusted net profit of 6.2 billion yuan ($919.50 million)for the period from April to June, fell short of an average analyst estimate of 6.6 billion yuan, according to LSEG data. Xiaomi's smartphone revenue fell 7.5% year-on-year to 42.1 billion yuan, while its smartphone gross margin declined to 8.5% from 11.5% a year earlier, clipped by higher prices for key components.

Etched, founded by Harvard dropouts, has its own in-office data center and has signed quant-trading firm Jane Street as its first customer.

The trajectory of L3Harris’s Christopher Kubasik highlights a familiar pattern: CEOs accused of misconduct often go on to nab top jobs elsewhere.

In some markets, the retailer’s insurance products will integrate pharmacy, vision and hearing benefits.

Young people have the time to maximize perks. American Express and JPMorgan Chase want to lure them to their high-end cards.
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