Popular crypto firm files for Chapter 11 after token collapse
Movement Labs, the developer behind the Movement blockchain, filed for Chapter 11 bankruptcy protection after its MOVE token collapsed roughly 99% from its peak.
IBM lowers full-year forecast after earnings warning
IBM reduced its 2026 revenue growth forecast to 4-5% from over 5%, citing weak mainframe sales and adjusted profits below analyst expectations, though shares rose 4% after the announcement.
EU antitrust regulators clear Paramount-WBD merger as it faces challenge by U.S. states
EU antitrust regulators approved Paramount’s acquisition of Warner Bros. Discovery on Wednesday, though the deal faces legal challenges from U.S. state attorneys general seeking to block the merger.
Southwest Airlines’ third-quarter forecast falls short as fuel bill climbs
Southwest Airlines reported stronger second-quarter profits as higher fares offset rising fuel costs, but its third-quarter outlook disappointed analysts with lower earnings forecasts despite projected revenue growth.
The AI boom just found two new winners: Goldman Sachs and JPMorgan Chase
Goldman Sachs and JPMorgan Chase posted record quarterly revenue driven by massive gains in equities trading and investment banking, with the AI boom creating opportunities across financial markets.
TE Connectivity projects upbeat quarterly results, to buy Astrodyne for $1.4 billion
TE Connectivity projected fourth-quarter profit and revenue above Wall Street expectations, citing strong AI-related demand, while announcing a $1.4 billion acquisition of Astrodyne TDI.