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Netflix stock declined over 7% Friday following disappointing earnings guidance, while the company announced plans to reduce the frequency of its engagement reports.
General Motors raised its full-year earnings guidance after beating second-quarter expectations, citing resilient consumer demand, stable vehicle pricing, and narrowing electric vehicle losses.
Super Micro Computer shares rose 15% after the server maker disclosed higher-than-expected margins for the June quarter driven by strong new orders and favorable product mix.
Moody’s warned that massive artificial intelligence infrastructure spending is threatening the credit quality of major tech companies including Amazon, Meta, and Alphabet by eroding free cash flow and increasing balance-sheet risk.
South Korea’s financial regulator said authorities would consider capping single-stock leveraged ETF investments for retail investors, following recent moves to curb demand for these products.
RingCentral stock climbed to a new four-year high as the company announced a 67 percent increase in dividend payouts following strong second-quarter earnings results.
