Vessels transiting through the Gulf of Oman are pictured off the coast of Muscat on July 25, 2026. – | Afp | Getty Images ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war. Chevron’s net income soared to $12 billion, a nearly 400% increase compared…
Amazon shares surged on Friday while Apple dropped as investors reacted starkly differently to their June quarter earnings reports. Shares of Amazon were 12% higher in premarket trading, while Apple fell 7%. Amazon was nearly 4% higher at Thursday’s close while Apple was down by more than 1%. Both companies reported their June quarter earnings…
Asha Sharma, CEO of Xbox at Microsoft, speaks at the Bloomberg Tech conference in San Francisco on June 4, 2026. David Paul Morris | Bloomberg | Getty Images Microsoft’s new Xbox chief is looking to push the gaming unit’s margin back in line with its rivals by next year and beat them on profitability by…
Jakub Porzycki | Nurphoto | Getty Images Coinbase shares dropped in extended trading on Thursday after the crypto platform posted a wider-than-expected loss for the second quarter, underscoring the continued troubles resulting from a deepening crypto winter despite its efforts to diversify revenue. Here’s how Coinbase performed in its quarter ended June 30, compared with what Wall…
Amazon reported better-than-expected revenue and cloud growth for the second quarter. The stock shot up more than 9% in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $5.75 a share. That may not compare with the $1.82 per share expected by LSEG Revenue: $200.61 billion…
Starbucks on Wednesday raised its full-year outlook after reporting its fourth straight quarter of same-store sales growth. For fiscal 2026, Starbucks now expects adjusted earnings per share in a range of $2.55 to $2.65, up from its prior outlook of $2.25 to $2.45 per share. It now also projects global same-store sales will rise nearly…
The Taco Bell logo is displayed at a Taco Bell restaurant on July 14, 2026 in Pasadena, California. Mario Tama | Getty Images Yum Brands on Wednesday reported mixed quarterly results but provided no details on how the cyclospora outbreak tied to Taco Bell restaurants is affecting its business. Since the Food and Drug Administration…
Meta CEO Mark Zuckerberg, left, and Microsoft CEO Satya Nadella. Getty Images | Reuters Microsoft shares jumped in premarket trading while Meta tanked as investors gave differing verdicts on the two tech giants’ earnings. Shares of Microsoft were last 9% higher while Meta was down 9%. On Wednesday, Microsoft posted fiscal fourth-quarter revenue that beat…
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America as the company…
The Shell gas logo is displayed at a gas station on April 27, 2026 in Austin, Texas. Shell has agreed to purchase Canadian energy company, ARC Resources in a deal valued at $16.4 billion. Brandon Bell | Getty Images News | Getty Images British energy major Shell on Thursday reported stronger-than-expected second-quarter profit, benefitting from…
