Latest Business News
Carvana stock falls as auto retailer’s 2026 earnings guidance misses Wall Street’s expectations
Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter.
Here are the last times the Dow dropped by 1,000 points and what happened next
After the Dow falls by 1,000 points, the index typically is weak in the week that follows. The average then posts gains in the next month and three months.
AI and quantum computers will be frenemies
The two technologies look more complementary than rivalrous
Dow sinks 1,100 points after Fed holds off on hike
Stocks fell sharply Wednesday as the Federal Reserve held interest rates steady again despite continued inflation pressure. The Dow Jones Industrial Average closed down 1,153.18 points, or 2.19 percent, for...
Meta misses earnings forecasts after Zuckerberg media push to promote AI
Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AIMark Zuckerberg’s media spree touting the positive effects of artificial intelligence did little to cushion...
Starbucks stock jumps as coffee giant raises full-year outlook
Starbucks posted its fourth straight quarter of same-store sales growth, as it continues a turnaround under CEO Brian Niccol.
Qualcomm to raise prices during memory crunch as chipmaker issues light earnings guidance
"Cost went up, prices are going to go up," Qualcomm CEO Cristiano Amon said in an interview.
Anthony Bourdain Biopic ‘Tony’ Lands 100% Perfect Rotten Tomatoes Score
The Anthony Bourdain biopic "Tony," starring Dominic Sessa, has landed a perfect critics’ score on Rotten Tomatoes in its first round of reviews posted on the site.
Fed holds interest rates steady despite Trump’s renewed calls to lower them
Rates remain unchanged for fifth time since December as tenuous Iran peace deal pushes energy prices up againThe US Federal Reserve held interest rates steady on Wednesday in a divided...
Sam Altman to meet with White House's Wiles this week ahead of AI framework deadline
OpenAI CEO Sam Altman is meeting with a range of senior Trump administration officials, lawmakers and economists.
Hims and Hers shares fall 10% as FTC sues company over data, billing practices
The FTC sued Hims and Hers over alleged health data sharing with Meta and Snap, billing practices and subscription cancellations.
Selling stakes in the beautiful game. What could go wrong?
FIFA’s plan to tap private investors is causing outrage