News Powered By AI
News Powered By AI
David’s Bridal plans to separate its artificial intelligence platform Pearl into an independent publicly traded company with a target valuation of approximately $350 million, expected to close in the first half of 2027.
Procter & Gamble reported quarterly earnings and revenue that surpassed analyst expectations, driven by strong performance in laundry detergent and home care products, with shares rising over 5%.
Comcast surpassed third-quarter earnings expectations, with its Peacock streaming service posting a quarterly profit and media revenue rising 13% year-over-year, offsetting weakness in connectivity and theme parks.
Meta shares fell nearly 7% after reporting negative free cash flow in Q3 and raising its full-year capital expenditure guidance due to artificial intelligence investments.
Moderna shares fell sharply after leaked cancer vaccine data despite positive clinical trial results showing meaningful benefits when paired with Merck’s immunotherapy.
Escalating U.S.-Iran military conflict has prompted Wall Street to reassess economic impacts, with concerns centered on rising energy prices and potential effects on consumer spending and corporate earnings.
