A German national flag on a barge near the Volkswagen AG factory in Wolfsburg, Germany, on Tuesday, March 10, 2026. Bloomberg | Bloomberg | Getty Images Volkswagen reported weaker-than-expected second-quarter profits on Friday and scrapped hope for sales revenue growth in 2026, as the German auto giant lays the groundwork for a radical overhaul of…
IBM CEO Arvind Krishna looks on during a roundtable discussion hosted by President Donald Trump in the Roosevelt Room at the White House in Washington, Dec. 10, 2025. Alex Wong | Getty Images IBM CEO Arvind Krishna said that only 2% of his company’s software could be replaced with applications constructed by artificial intelligence models,…
From left, President Donald Trump, Oracle’s Larry Ellison, SoftBank’s Masayoshi Son and OpenAI’s Sam Altman appear at the White House in Washington on Jan. 21, 2025. Jim Watson | Afp | Getty Images The Pentagon on Thursday announced a contract with Oracle worth almost $7 billion over a decade, a big win for the software…
Intel reported better-than-expected second-quarter results on Thursday, notching its fastest revenue growth rate for any quarter since 2011 and issuing guidance that topped expectations. The stock jumped 11% in extended trading. Here’s how the chipmaker did versus LSEG consensus estimates Earnings per share: 42 cents, adjusted, versus 21 cents expected Revenue: $16.1 billion, versus $14.42…
Firefighters drive past the smoke of a fire at the Russian e-commerce firm Wildberries’ logistics complexes in the town of Elektrostal outside Moscow on July 18, 2026. A Ukrainian drone attack on two logistics centres in Russia killed eight people and injured 24, officials said on July 18, 2026. Tatyana Makeyeva | Afp | Getty…
Microsoft’s Xbox CEO, Asha Sharma speaks at the Bloomberg Tech conference in San Francisco on June 4, 2026. David Paul Morris | Getty Images Amazon and Microsoft have devised new ways to get people playing video games in the cloud. Microsoft’s Xbox division said Thursday that it will test an advertising-supported way of letting people…
American Airlines further cut its 2026 earnings outlook, citing higher fuel costs, a sign that a jump in fares isn’t enough for the U.S. airline that flies the most to fully offset this year’s spike in fuel prices. American said it could post an adjusted loss per share of as much as 65 cents up…
People walk by the Comcast building which houses NBC Studios in Manhattan on June 29, 2026 in New York City. Spencer Platt | Getty Images Comcast’s second-quarter results on Thursday showcased strength at NBCUniversal — particularly in its TV and film units — as the company prepares to split its media and broadband businesses apart….
Southwest Airlines Boeing 737 airplanes park at Hobby Airport during an afternoon rainstorm on May 27, 2026 in Houston, Texas. Kevin Carter | Getty Images News | Getty Images Southwest Airlines reported a more than 9% increase in second-quarter profit from last year as higher fares are increasingly helping the airline cover its fuel tab,…
IBM CEO Arvind Krishna attends a Rose Garden Club event on the Rose Garden of the White House in Washington on July 6, 2026. Mandel Ngan | Afp | Getty Images IBM on Wednesday lowered its 2026 forecast and delivered thinner quarterly profits than analysts had projected, even after the technology vendor issued an earnings…
