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Brookfield Asset Management Q2 Earnings Call Highlights
MarketBeat52d agoneutral
Brookfield Asset Management Q2 Earnings Call Highlights

Brookfield Asset Management (NYSE:BAM) reported second-quarter fee-related earnings of $808 million, or $0.50 per share, up 20% from a year earlier, as the alternative asset manager posted its strongest fundraising quarter on record and highlighted growing activity in AI infrastructure, credit and r

Amprius Technologies Q2 Earnings Call Highlights
MarketBeat52d agoneutral
Amprius Technologies Q2 Earnings Call Highlights

Amprius Technologies (NYSE:AMPX) reported record second-quarter revenue and raised its 2026 outlook for the second consecutive quarter, citing demand for its silicon-anode lithium-ion batteries in military and commercial drones, electric mobility and other emerging applications. Revenue for the sec

Trading Day: Momentum fizzles, gold sizzles
Reuters52d agoneutral
Trading Day: Momentum fizzles, gold sizzles

By Jamie McGeever ORLANDO, Florida, Aug 3 (Reuters) - Solid corporate earnings and optimism around a peace deal in the Middle East pushed world stocks to new highs on Wednesday, although momentum

Reuters52d agoneutral
Western Digital forecasts upbeat revenue but shares fall on lofty expectations

Western Digital forecast quarterly revenue slightly above Wall Street estimates on Wednesday, betting ‌on strong AI-driven demand for its hard disk ‌drives. Still, its shares dropped more than 9% in extended trading, after ​the forecast failed to impress investors even though the stock has tripled this year on expectations of sustained AI-driven growth. Memory and storage stocks have soared this year as ‌investors bet data-center ⁠demand will support pricing and fuel growth across the industry.

AppLovin Stock Sinks on Soft Earnings
Barrons.com52d agoneutral
AppLovin Stock Sinks on Soft Earnings

Shares of ad-technology platform AppLovin fell sharply after it reported soft second-quarter earnings on Wednesday afternoon. AppLovin stock was down 21% in after-hours trading. Sales came in at $1.92 billion, just shy of the $1.94 billion expected by Wall Street and up 53% since last year.

Kraft Heinz Turns to Football and Princesses to Win Over Shoppers
The Wall Street Journal52d agoneutral
Kraft Heinz Turns to Football and Princesses to Win Over Shoppers

The maker of Kraft Mac & Cheese plans to increase marketing spending to at least 6% of net sales, leaning on partnerships with the NFL and Disney and new campaigns as it tries to reverse a U.S. sales slump. “There’s nothing like putting a princess on a package that really gets young people excited,” says Steve Cahillane, CEO of Kraft Heinz, which said Wednesday it plans to spend an extra $100 million to catch more Americans' attention. Kraft Heinz said its marketing push is helping sales, though net sales still slipped 1.4% in the second quarter.

Block Raises Outlook on Financial Solutions Growth
The Wall Street Journal52d agoneutral
Block Raises Outlook on Financial Solutions Growth

Block raised its full-year guidance and reported higher second-quarter revenue as growth in its commerce and financial solutions businesses helped to offset declines in Bitcoin.

Investing.com52d agoneutral
Western Digital tops estimates, offers guidance; shares fall

Investing.com -- Western Digital Corporation reported fourth quarter earnings per share of $3.56 on Wednesday, beating analyst expectations of $3.29 by $0.27. The data storage company posted revenue of $3.75 billion for the quarter, above the consensus estimate of $3.69 billion.

Part of a SpaceX Rocket Slammed Into the Moon
The Wall Street Journal52d agoneutral
Part of a SpaceX Rocket Slammed Into the Moon

On the earthly stock market, shares of SpaceX tumbled today. Beyond this world, part of a SpaceX rocket literally crashed into the moon. The European Southern Observatory, a multi-nation group that operates research telescopes, said in social media posts that they detected sodium and lithium signatures in a plume created when the vehicle slammed into the lunar surface early Wednesday.

Reuters52d agoneutral
Figma lifts annual revenue forecast as AI efforts drive solid demand

Figma lifted its annual revenue forecast on Wednesday, encouraged by strong demand for its ‌design software products, as the company's efforts to integrate AI ‌in its tools helped attract and retain more users. Known for its browser-based platform that allows design teams to collaborate in real time, Figma has ‌leaned in hard on artificial ⁠intelligence, embedding the technology across its portfolio to draw in more users by making its tools more accessible ⁠and easier to use. Figma's AI efforts are paying off, with customers increasingly adopting its AI tools for tasks ranging from sketching and brainstorming to coding and shipping products.