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The Latest Breaking News on Business

Shell’s profits have more than doubled while Americans keep paying more at the gas pump

‘When wars make oil companies richer, something’s seriously messed up in the world,’ one social media user noted

The Independent UK · Jul 30

AI Spending Boom Just Made US Economy Look Weaker Than It Really Is

The U.S. economy looked surprisingly soft on paper in the second quarter. Yet beneath the headline, it may have delivered one of the strongest signals yet that the artificial intelligence investment boom is accelerating.

Benzinga · Jul 30

Samsung Says The AI Chip Boom Isn't Slowing. It Expects Supply To Stay Tight Until 2028

Samsung's latest results suggest the global race to build AI infrastructure is creating a longer-lasting memory shortage than many expected, with major cloud providers locking in multi-year supply agreements.

International Business Times · Jul 30

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Apollo Global Management Stock: Is Wall Street Bullish or Bearish?

Although Apollo Global Management has lagged behind the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.

Barchart · Jul 30

What Are Wall Street Analysts' Target Price for QUALCOMM Stock?

While QUALCOMM has notably underperformed the broader market over the past year, Wall Street analysts maintain a fairly bullish outlook about the stock’s prospects.

Barchart · Jul 30

Southwest Airlines Stock: Analyst Estimates & Ratings

Given Southwest Airlines’ impressive run over the past year, Wall Street are maintaining a fairly upbeat outlook on its future prospects.

Barchart · Jul 30

Do Wall Street Analysts Like Delta Air Lines Stock?

Delta Air Lines has outperformed the broader market over the past year, and analysts are highly optimistic about the stock’s prospects.

Barchart · Jul 30

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What Are Wall Street Analysts' Target Price for Boston Scientific Stock?

Boston Scientific underperformed the broader market, though analysts remain optimistic, citing strong earnings execution, innovation, and meaningful upside from current levels.

Barchart · Jul 30

Microsoft’s $3.2B Anthropic Gain Beat an Entire Business Segment

Microsoft Corp. (NASDAQ:MSFT) has spent the past two years positioning itself as one of artificial intelligence’s biggest builders. But during its fiscal fourth-quarter earnings report, the company revealed that simply investing in AI proved lucrative enough to outperform one of its own operating businesses.

Benzinga · Jul 30

Some streaming sticks are doubling in price —here's what you'll pay now (and what's driving up costs)

Roku is raising prices here's why and how you can still save some money.

Tom’s Guide · Jul 29

Microsoft shares surge 16% as AI cloud bet starts showing up in numbers

Microsoft shares surged 16% after stronger-than-expected guidance, robust Azure cloud growth and rising Microsoft 365 Copilot adoption eased concerns over AI spending. The company also forecast healthy cash generation, reinforcing investor confidence in its long-term artificial intelligence strategy and cloud leadership.

The Economic Times · Jul 30

US economy expands 1.5% in Q2, misses forecasts despite spending rebound

The US economy expanded at a slower 1.5% pace in the second quarter. Strong consumer spending and AI infrastructure investment supported overall economic activity. Imports surged, significantly weighing down the gross domestic product growth. Inflation showed signs of easing but remained above the Federal Reserve's target. The Federal Reserve kept…

The Economic Times · Jul 30

Meta Is Building AI Faster Than Ever. Wall Street Is Skeptical About The Payoff And Its Stock Is Tanking

Meta's latest earnings underscored a widening divide in Big Tech's AI race: companies with cloud businesses are already monetizing infrastructure and those still building the foundation.

International Business Times · Jul 30

UPS CFO on the lessons learned from scaling back Amazon—and why the strategy is paying off

UPS is seeing margin gains, cost savings, and a clearer path to higher-value growth, says CFO Brian Dykes.

Fortune · Jul 30

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International Business Times · Jul 30

The Economy Grew Less Than Expected In Q2. Core Inflation Also Remained Above The Key 2% Target

The U.S. economy grew 1.5% in the second quarter, less than expected. Inflation stood at 3.3%, in line with estimations.

The Independent UK · Jul 30

Inflation rose 3.7% last month – way above its target, fueling more public frustration

The Federal Reserve opted to keep its benchmark interest rate unchanged for the fifth consecutive meeting on Wednesday

The Economic Times · Jul 30

Amazon, Walmart AI detect 'made in USA' fraud but do not flag it, study says

Retailer AI assistants can identify false "Made in USA" claims on products. However, these technologies are not actively used to police such listings. A recent study highlights this disconnect, questioning corporate incentives for AI deployment. The FTC previously urged Amazon and Walmart to address these misleading product labels. Business justifications,…

International Business Times UK · Jul 30

US Tariff Revenue Turns Negative as Billions in Refunds Flow to Importers but Not the Shoppers Who Paid

US customs revenue turned negative in June as tariff refunds topped collections, but the billions are going back to importers, not the consumers who paid higher prices.

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The Guardian - US · Jul 29

Meta misses earnings forecasts after Zuckerberg media push to promote AI

Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AI

The Texas Tribune · Jul 29

South Texas Republican builders warn of voter backlash in November if aggressive ICE tactics continue

Republican business leaders said immigration raids on the Latino community would be top of mind at the ballot box in the midterm elections.

The Economic Times · Jul 30

Explained: Why Microsoft shares rallied 9% in extended trading after Q4 earnings despite AI worries

Microsoft shares surged nearly 9% in extended trading after the software giant reported stronger-than-expected Q4 earnings and Azure cloud growth. Robust AI-driven demand, upbeat guidance and lower-than-expected capital expenditure expectations reassured investors that Microsoft's heavy investments in artificial intelligence are beginning to deliver meaningful financial returns.

TechRadar · Jul 30

Verizon scores $1 billion Google deal to connect its data centers to dark fiber - but is this only the beginning?

$1bn Google deal is the first step in Verizon’s AI infrastructure growth plan, with a number of deals said to be worth billions of dollars.

The Independent UK · Jul 30

Trump’s economic victory lap hits a reality check from his own supporters

Many Americans believe tariffs have pushed prices higher and the war in Iran has also increased gasoline prices, hurting consumer confidence in the economy

Benzinga · Jul 30

Samsung Stock Jumps Over 6% In Seoul as AI Memory Business Delivers Record Profit: 'Supply Constraints' Expected to Continue

Samsung Electronics Co. Ltd.‘s (OTC:SSNLF) shares rose on Thursday after the chipmaker posted a record second-quarter operating profit as surging artificial intelligence memory demand boosted its semiconductor business, though higher component costs weighed on earnings in its mobile division.

The Economic Times · Jul 30

Microsoft beats Wall Street expectations with $90 billion in revenue

Microsoft reported robust quarterly earnings, exceeding analyst expectations significantly. The company's cloud computing platform, Azure, saw substantial revenue growth this period. Paid users for Microsoft's AI assistant, Copilot, also experienced a notable increase. Azure revenue surpassed one hundred billion dollars for the first time this year. These strong results reflect…

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Lorenzo Salgado Araujo

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