Jakub Porzycki | Nurphoto | Getty Images Shares of adtech giant AppLovin tanked 17% on Thursday following a second-quarter revenue miss. Here’s how the company performed compared with Wall Street’s expectations, according to LSEG estimates: Earnings per share: $3.76 vs. $3.76 expected Revenue: $1.92 billion vs. $1.94 billion expected In the earnings call Wednesday, CEO…
The jobs market steps into the spotlight this week, while second-quarter earnings season continues apace. Here’s a closer look at what to expect in the coming days. We’ll start with the Club holdings set to report, before touching on the labor-market updates and their implications for Federal Reserve policy. 1. Earnings : The action kicks…
FILE PHOTO: Veeva Systems Founder and CEO Peter Gassner gives an interview on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Veeva Systems, which sells cloud software to life sciences companies and drugmakers, is joining the S&P 500, becoming the latest tech company to get added to the benchmark. The stock…
Broadcom CEO Hock Tan speaks at the digital X event in Cologne, Germany, on September 13, 2022. Ying Tang | Nurphoto | Getty Images Broadcom said Monday that it’s agreed to produce future versions of artificial intelligence chips for Google, and signed an expanded deal with Anthropic that will give the AI startup access to…
We’re not used to so many things going wrong at the same time, especially when, as the days go on, they can’t suddenly go right. Moreover, we can’t process something that seems unfathomable — a short war —when the calendar says it’s no longer short. We also can’t adjust to the notion that no matter…
Palantir was an outlier in a tough week for the stock market, as the provider of software and services to the U.S. government saw its stock rally 15% following the U.S. attack on Iran. The tech-heavy Nasdaq fell 1.2% for the week, pushed lower by names like Apple, Google and Micron, and other benchmarks tumbled…
The AppLovin logo arranged on a laptop in New York on Feb. 26, 2025. Gabby Jones | Bloomberg | Getty Images Short seller CapitalWatch has issued an apology and revised its report accusing a major AppLovin shareholder of financial crimes. The report, published last month, alleged relationships between Hao Tang and criminal syndicates, which the…
We’re through the busiest part of the earnings season storm, with most of the world’s biggest tech firms already in. Nonetheless, this week brings numbers from two more portfolio names — plus, three important economic reports. According to FactSet, nearly three-quarters of the 59% of S & P 500 companies that have reported quarterly results…
North Carolina Sean Pavone | Istock | Getty Images Lithium and steel outshined A.I. in 2025, at least when it comes to CNBC’s exclusive Power City Indexes. The Power City Indexes (PCI) were built ten years ago. The ‘indexes’ are made up from the 11 or 12 largest market cap companies in 36 different city and…
Atmosphere at the Variety 2025 Power of Young Hollywood Party, Presented by SANDISK held at the Four Seasons Los Angeles at Beverly Hills on August 07, 2025 in Beverly Hills, California. Michael Buckner | Variety | Getty Images Shares of flash storage vendor Sandisk popped 7% in extended trading on Monday after the company was…
