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CrowdStrike posts best day ever, Okta’s stock pops nearly 29% as rising AI threat lifts earnings
CrowdStrike and Okta shares surged on strong earnings results, with stocks gaining 20% and 29% respectively as artificial intelligence adoption drives increased cybersecurity spending among customers.
BYD shares slide as fierce China competition dents first-half earnings
BYD shares declined nearly 5% in Hong Kong after the Chinese EV maker reported first-half revenue down 7.1% and net profit falling 20.5% amid intense domestic competition.
Mary Louise Weller, Who Played Sorority Girl in ‘Animal House,’ Dies at 79
Mary Louise Weller, known for her role in the 1978 comedy film ‘Animal House,’ has died at age 79 following a long illness.
Sony Pictures in Talks to Acquire Michael B. Jordan ‘Battlefield’ Video Game Movie
Sony Pictures is in talks to acquire a Battlefield video game movie adaptation starring and produced by Michael B. Jordan, with Christopher McQuarrie set to write and direct.
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Broadcom delivers strong earnings view as CEO touts growth with AI labs
Broadcom posted strong quarterly results and issued an optimistic forecast, citing accelerating business with artificial intelligence labs and major custom chip deployments planned for coming years.
Lululemon stock plunges 20% on disappointing earnings and outlook
Lululemon shares fell 20% in premarket trading after reporting a 4% revenue decline and 9% comparable sales decrease, with management cutting full-year guidance citing negative social media commentary and product reception challenges.
World’s largest contract chipmaker TSMC sees August revenue surge over 53% to record high
Taiwan Semiconductor Manufacturing Co. reported record August revenue of $16.35 billion, up 53.3% year-over-year, driven by continued strong demand for AI-related chips.
Macy’s posts strong results, raises guidance as turnaround begins to take hold
Macy’s reported comparable sales growth of 2.7% in its fiscal second quarter and raised full-year earnings guidance, signaling its turnaround strategy is gaining traction across its store brands.
Oracle’s stock edges up on earnings beat as cloud infrastructure revenue more than doubles
Oracle shares rose 4% after reporting stronger-than-expected quarterly earnings, with cloud infrastructure revenue more than doubling to $7.4 billion.
On Holding (ONON) Outlines Ambitious Goals and $1B Buyback, Jumps 7.6%
On Holding shares surged 7.6% after the company announced a $1 billion buyback program and raised its growth targets through 2029, projecting high-teens net sales expansion.
Lumentum Jumped Nearly 10% While Corning Barely Moved. Is the AI Optics Trade Splitting Apart?
Lumentum surged nearly 10% while Corning gained just 0.4%, signaling that investors are distinguishing between different optical networking companies in the AI infrastructure buildout rather than treating them uniformly.
General Motor Q3 sales drop 5.5%, while Toyota buoyed by EVs, hybrids
General Motors reported a 5.5% year-over-year sales decline in the third quarter, while Toyota gained ground with strong hybrid and EV performance, narrowing the sales gap between the two automakers.
‘American Horror Story: 13’ Jeffrey Dahmer Actor on That ‘Coven’ Cliffhanger and Sharing the Serial Killer With Co-Star Evan Peters
Seth Gabel reprised his role as Jeffrey Dahmer in American Horror Story: 13’s sixth episode, reuniting with Evan Peters, who later played the serial killer in the Monster anthology series.
Michael De Luca and Pamela Abdy to Depart at Warner Bros. Following Paramount Close
Michael De Luca and Pamela Abdy will depart Warner Bros. following the completion of Paramount Skydance’s merger with Warner Bros. Discovery, expected to close early October.
‘I look at the footage to convince myself that you were alive’: how Ross McElwee made a film about unimaginable loss, grief and guilt
Filmmaker Ross McElwee’s documentary Remake examines grief, guilt, and the ethics of filming family after his son Adrian’s death from a fentanyl overdose at age 27.
Olivia Dean accused of copying Bill Withers’ Just The Two of Us
British pop star Olivia Dean faces a copyright infringement lawsuit alleging her song I’ve Seen It copies the melody of Bill Withers’ 1981 soul classic Just The Two of Us.