Daily News

A tie-up between two of America’s biggest refiners would have reshaped the industry, but antitrust concerns and operational complexity ultimately derailed the deal.

The broader U.S. stock market also trended lower, putting additional pressure on risk-sensitive assets.

‘The Big Short’ investor is cutting overall exposure and shifting his portfolio as a recent market rally pushes his short book into the red.

Microsoft is reportedly on track to make its first retreat from carbon removals since 2023, even as its AI-driven emissions climb by 25%.

Infleqtion’s strong revenue growth and raised 2026 outlook failed to prevent an after-hours drop as an earnings per share (EPS) miss weighed on the stock, while retail investors remained bullish on the quantum story.

'The Big Short' investor is betting against AI-linked names even as he sees strong demand for compute as a potential warning sign for the sector.

Nate Gatten’s appointment comes as Apple navigates tariffs, White House relations and a broader shake-up across its senior leadership ranks.

The biotech, focused on novel cancer therapies, reported a net loss of $9.6 million, or $0.05 per share, for the quarter ended June 30.

The longtime Pay and Wallet executive will leave in October, marking a leadership change for one of Apple’s most lucrative services.

UBS sees Jabil’s AI revenue jumping 50% by fiscal 2027 as spending from Amazon, Meta and Google fuels demand for its data-center infrastructure.

CEO Eric Brock said the award validates Ondas' position as a “prime contractor” for next-generation defense programs.

The cluster will use Nvidia HGX B300 systems and Spectrum-X Ethernet networking and is expected to come online in Q1 2027.

SpaceX attempts to retrieve the Starship upper stage primarily to advance full reusability and accelerate development.

The reported contract would mark the Pentagon’s first production order for a directed-energy counter-drone system beyond the prototype stage.

Srini Gopalan questioned what customer gap SpaceX’s planned mobile service would fill as T-Mobile targets further broadband and rural-market growth.

The acquisition adds specialized AI inference technology to AMD’s roadmap as the chipmaker expands its full-stack AI platform beyond GPUs.

Walt Disney Co. is rolling out limited AI-powered search and recommendation features that let users find sports information and streaming content using natural language.

The ad-tech company missed revenue and earnings expectations, while a weaker forecast overshadowed strong customer retention and sent shares sharply lower after hours.

Nvidia is reportedly testing at least three Rubin Ultra variants with reduced HBM capacity.

According to a Bloomberg report, no final decision has been made on the size of the offering.

Western Digital topped quarterly earnings and revenue estimates, but a cautious outlook appeared to weigh on investor sentiment, sending the stock sharply lower in after-hours trading.

Etsy is laying off about 220 employees, mostly across its product and engineering teams, as part of a restructuring expected to be completed by the end of the third quarter.

Analysts raised price targets after earnings, while bullish retail traders said AMD could climb as high as $800 on AI-driven growth.

The “Big Short” investor says the latest rally may be masking deeper market risks as he sticks with his downside bets.

Paramount Skydance reaffirmed plans to close its Warner Bros. Discovery merger even as the deal faces an antitrust challenge.

Tehran has reportedly softened its opposition to European demining in private even as it continues to reject the idea publicly.

Corvex said the agreement expands an existing customer commitment, with the full GPU cluster now fully deployed after deliveries throughout 2026.

Apart from Google and Meta, OpenAI and Anthropic were also reportedly invited to discuss voluntary AI safety testing with White House officials.

Michigan health officials reportedly discussed the cyclospora outbreak with Yum! Brands on July 2 and sought follow-up meetings on potential interventions.

Donald Trump said Exxon Mobil and Chevron earned excessive profits as oil prices surged during the Iran war.

An analyst upgrade and a key FAA certification gave investors fresh reasons to turn more optimistic on Boeing's turnaround.

Google will source the full output of RWE’s Oklahoma solar project under a 15-year agreement, with operations slated to begin in 2028.

Bitmine added 10,399 ETH over the past week, extending its weekly accumulation streak.

Wall Street is expecting Palantir to report earnings per share of $0.35 on revenue of $1.8 billion in its Q2 report scheduled after the bell.

According to senior ETF analyst Eric Balchunas at Bloomberg, semiconductor ETFs SMH, SOXX, and SOXL led weekly fund flows after last week’s volatility.

Plaintiffs reportedly say that labels such as “dolphin safe,” “responsibly sourced,” and “MSC Certified Sustainable Seafood” lack adequate support.

SpaceX will post its second-quarter 2026 financial and operational results after market close on Tuesday, August 4.

AST SpaceMobile reaffirmed its August 5 launch timeline while outlining a growing BlueBird pipeline, with production advancing through satellite 42.

Wall Street offered mixed views on Apple’s outlook after earnings, while Stocktwits retail traders largely shrugged off the selloff and stayed bullish.

Cycurion announced on Thursday that it had secured a 10-year, $54.6 million agreement supporting the modernization of a state Health and Human Services system.

Novo’s Phase 3 trial showed that investigational drug Ziltivekimab did not reduce major adverse cardiovascular events compared with the placebo

Circle's NYDFS trust charter complements its earlier OCC approval, creating a two-tier structure where Circle New York Trust issues USDC while Circle National Trust safeguards the reserves backing the stablecoin.

Xbox CEO Asha Sharma outlined a turnaround plan focused on accelerating growth, expanding franchises and lifting margins.

The crypto exchange missed revenue and earnings expectations, but highlighted rising subscription revenue and gains in global trading share.

Michael Burry reveals fresh portfolio moves, adding to existing holdings while expanding short positions tied to AI and semiconductor stocks.

Google would guarantee billions in lease and power obligations for around a 20% stake while the campus runs on tensor processing units co-designed with Broadcom.

Former OpenAI researcher Leopold Aschenbrenner’s $20-billion AI-focused fund is unwinding public equity bets as the sector’s recent selloff takes its toll.

Several AI-related stocks recovered on Thursday morning, including Bloom Energy, which is on track to post its largest single-day gain since April 2026.

Intel’s EMIB technology has reportedly drawn interest from Nvidia for a future processor combining four graphics chips in a single package.

The development comes as investors are closely watching AI infrastructure spending, with major technology companies increasing capital expenditure to support AI demand.