(Bloomberg) -- A selloff in Asian chip stocks gathered pace, as Taiwan Semiconductor Manufacturing Co.’s strong results failed to clear investors’ lofty expectations, stoking worries over heavy spending and a weaker outlook for profitability. Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsCIA Says AI Drones Give Russian Troops Onl
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Netflix highlights long-term growth through subscriptions, pricing and ads despite short-term investor concerns over slower quarterly momentum.
Netflix shares sank nearly 9% after issuing third-quarter revenue guidance below Wall Street's $13 billion estimate.
A federal judge has dismissed a lawsuit filed against the coffee shop giant, agreeing that its former CEO did not make “flagrantly false” statements about its sales results.
A rare early warning from one of tech's oldest names doubles as a map of enterprise spending right now.
Investors debate whether heavy spending on AI infrastructure will deliver profits fast enough to justify the rising costs.
U.S. markets bled amid rising AI concerns after Taiwan Semiconductor Manufacturing massively hiked its capital expenditures for 2026.
By Rae Wee SINGAPORE, July 17 (Reuters) - Asian stocks got off to a rocky start on Friday as the drag from chipmakers weighed on global equity indexes, while oil prices were set for their sharpest
KeyBanc expects major stock unlocks beginning around Q2 earnings, potentially expanding tradable supply sharply.
Shares of online advertising giant Alphabet (NASDAQ:GOOGL) fell 4.5% in the afternoon session after reports revealed that the release of its flagship Gemini 3.5 Pro AI model has been delayed by several months.
There's a reason Costco will pretty much let you return any item at any time without a hassle. Costco has built its reputation on offering high-quality products at competitive prices, backed by strict supplier standards and careful product selection. The company knows its products have been ...
Shares of SpaceX fell in after-hours trading Thursday after the company wasn’t able to launch its Starship rocket on a key test flight. SpaceX was proceeding toward the launch at 6:45 p.m. ET from its site near Brownsville, Texas, with its countdown clock ticking down. Then, the mission was aborted just as the Starship booster engines were supposed to start firing away, according to a company livestream.
Nvidia Corp. CEO Jensen Huang dismissed reports of delays in the rollout of the company’s Vera Rubin AI hardware and affirmed that production remains on track. On Wednesday, during a talk on how the company could help Japan’s AI ambitions...
A number of stocks fell in the afternoon session after TSMC paired topline strength with a free cash flow-compressing capital expenditure reset, compounding a sector-wide selloff that began with ASML the day before.
The casual restaurant tradition of giving diners a complimentary wrapped candy after a meal, as Olive Garden has been known for, is pleasing to many customers and can sometimes ensure that a nice tip with be left at the table. Some restaurants offer the classic Starlight Mint, an Andes chocolate ...
IBM (IBM) shares lost roughly one-quarter of their value on July 14 after the tech giant dropped disappointing preliminary second-quarter results. The collapse was historic, but the severity of the earnings gap alone doesn’t explain the market reaction. IBM could be in an artificial intelligence ...
A number of stocks fell in the afternoon session after TSMC paired topline strength with a free cash flow-compressing capital expenditure reset, compounding a sector-wide selloff that began with ASML the day before.
The Dow, NASDAQ and S&P fell on Thursday as concerns over the AI boom and war with Iran dragged stocks into the red. Angela Palumbo, a tech news writer at Barron's, joins CBS News to discuss the markets, Netflix's earnings report and more.
The streaming giant's earnings estimates were in line with expectations, but weaker revenue and below-consensus guidance weighed on investor sentiment.
BigBear.ai Holdings, Inc. (BBAI) reached $2.92 at the closing of the latest trading day, reflecting a -7.01% change compared to its last close.
In the most recent trading session, Consolidated Water (CWCO) closed at $29.56, indicating a +1.48% shift from the previous trading day.
Wingstop (WING) closed the most recent trading day at $140.93, moving 3.27% from the previous trading session.
Symbotic Inc. (SYM) reached $41.98 at the closing of the latest trading day, reflecting a -1.55% change compared to its last close.
Quanta Services (PWR) concluded the recent trading session at $631.02, signifying a -2.75% move from its prior day's close.
The latest trading day saw SharkNinja, Inc. (SN) settling at $154.21, representing a +2.77% change from its previous close.
In the most recent trading session, Newmont Corporation (NEM) closed at $90.83, indicating a -4.6% shift from the previous trading day.
In the closing of the recent trading day, Albemarle (ALB) stood at $119.46, denoting a -4.23% move from the preceding trading day.
Verizon Communications is cutting around 3,000 more jobs, reducing the number of company-owned retail stores, and realigning its structure as the nation’s largest wireless carrier continues to cut costs under new CEO Daniel Schulman. Verizon will lay off 2,500 retail workers and 500 corporate employees, and will sell 274 of its corporate-owned stores to bring the overall number down to about 1,000, the company told Barron’s Thursday. Barron’s reported earlier this week that Verizon would announce layoffs on Thursday.
Marvell Technology (MRVL) reached $188.3 at the closing of the latest trading day, reflecting a -8.71% change compared to its last close.
Sea Limited Sponsored ADR (SE) closed at $106.22 in the latest trading session, marking a -4.62% move from the prior day.