Arm Holdings shares fell Wednesday evening despite the chip designer reporting a better-than-expected quarter and giving an upbeat outlook for its data center CPU business. Revenue for the company’s fiscal 2026 fourth quarter ended March 31 increased 20% year-over-year to $1.49 billion, ahead of the LSEG-compiled analysts’ consensus estimate of $1.47 billion. Non-GAAP earnings per…
Higher gasoline prices and mounting geopolitical tensions are doing little to slow the American consumer — at least judging by the latest results and commentary from Uber Technologies and The Walt Disney Co. The two companies pointed to a remarkably resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and…
Michael Saylor, chairman of MicroStrategy, speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Friday, July 26, 2024. The conference is an annual event organized by BTC Media LLC for fans of the original cryptocurrency. Photographer: Liam Kennedy/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Strategy’s latest earnings release marks a…
A can of Coors Light beer and a Ford F-150 pickup truck. Gabby Jones | Bloomberg | Brandon Bell | Getty Images Aluminum‘s surge to multiyear highs in the wake of the Iran war is creating cost pressures for the businesses that manufacture everything from cars to beer cans. Aluminum on the London Metal Exchange…
Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, or about 700 employees, citing a combination of market volatility and AI quickly changing how the company operates. The move comes ahead of Coinbase’s first-quarter earnings, which the company is scheduled to report Thursday. Shares fell 3% midday, after…
Natalia Gdovskaia | Moment | Getty Images As consumer prices climb amid the Iran war, some investors are looking for ways to combat inflation. One option, Series I bonds — a government-backed, nearly risk-free asset — could now be more attractive, some experts say. But others may prefer more flexible options. Newly purchased I bonds…
Andy Jassy said Amazon’s massive spending on artificial intelligence isn’t something investors should fear — it’s exactly why they’ll be rewarded over time. “We believe that AI is the biggest technology transformation in our lifetimes,” the CEO said on “Mad Money.” “It’s going to reinvent every single customer experience we know and altogether new ones…
Prediction markets traders aren’t confident in GameStop’s ability to take over eBay, according to contracts launched on Monday. Traders on Kalshi give GameStop just a 26% chance to pull off the acquisition in 2026, though total trading volume on the new contract was low at just over $2,000. GameStop announced on Sunday that it was…
It’s a challenging labor market for those just starting out, and new job seekers will likely have to recalibrate their earning potential. Today’s college seniors expect to make about $80,000 one year after graduation, according to a survey of undergraduates pursuing a bachelor’s degree by real estate site Clever in February and March. Yet, the average…
Risk in the credit markets has received a lot of attention in 2026, from fears about private credit stress to the head of the nation’s biggest bank, JPMorgan CEO Jamie Dimon, warning this week — though not pointing to any specific current credit market signal — “We haven’t had a credit recession in so long,…
