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Anthropic reported an annualized revenue run rate of $65 billion in July, representing sevenfold growth year-over-year, as the AI company prepares for an anticipated IPO filing.
Home Depot beat earnings expectations and reaffirmed full-year guidance, citing market share gains despite what its CFO called ‘frozen housing market conditions’ limiting consumer spending.
Target posted stronger quarterly sales and raised full-year guidance, supported by a $752 million tariff refund boost. The retailer’s comparable sales exceeded Wall Street expectations as its turnaround strategy gains momentum.
BMO’s transportation unit, being sold to Stonepeak, showed strengthening trucking credit conditions in third-quarter earnings, with provisions for credit losses hitting their lowest level since early 2023.
Nvidia stock declined for seven consecutive trading days ahead of its earnings report, marking its longest losing streak since 2022, with the stock down approximately 7% during the period.
Visa and Mastercard shares closed at record highs in August, with Visa rising 3.1% to $382.41, reflecting continued strength in U.S. consumer spending despite broader economic pressures.
