Snap Shares Jump as Advertising Growth Lifts Quarterly Results
Snap shares surged over 8% after reporting second-quarter revenue of $1.60 billion, exceeding expectations, driven by advertising growth and improved user engagement metrics.
Caterpillar lifts 2026 sales growth forecast as AI buildout powers on
Caterpillar raised its annual revenue growth forecast after beating second-quarter profit estimates, driven by strong demand for power-generation and construction equipment from AI data center buildouts.
SpaceX’s AI spending unnerves Wall Street despite promises of quick payoff
SpaceX’s massive artificial intelligence spending exceeded analyst expectations, drawing investor concern despite management pledges of rapid profitability through cloud computing partnerships.
CVS blows past estimates, hikes guidance as insurance unit continues to improve
CVS Health surpassed second-quarter earnings and revenue expectations while raising 2026 guidance, as its Aetna insurance unit showed improvement, though shares declined due to anticipated Caremark membership declines.
Uber stock sinks 5% after weak guidance despite revenue growth
Uber’s stock declined 5.3% following the release of second-quarter earnings that showed revenue growth but disappointed investors with weaker-than-expected forward guidance on bookings and earnings per share.
Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says
Bank of America’s CEO called the near-collapse of AI hedge fund Situational Awareness a warning shot about elevated valuations and excessive leverage in financial markets.