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Tesla reported second-quarter earnings that missed Wall Street expectations despite revenue beating estimates, with free cash flow turning negative and profit margins declining significantly.
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 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 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 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.
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.