Amazon hikes 2026 capex to $220 billion due to higher memory costs
AWS sales expanded 37% year over year, which trounced analysts' expectations for 31% growth.
AI investor Leopold Aschenbrenner forced to unwind all public stock positions after steep losses, sources say
Leopold Aschenbrenner's hedge fund has sold all of its public stock holdings, according to people familiar with the matter.
Reddit shares sink 11% on 'choppy' search referrals even as results blow past estimates
Reddit reported second-quarter earnings that beat on the top and the bottom, and gave a revenue forecast that topped estimates.
Nexus Data Centers in advanced talks to secure $15B for Google-backed Anthropic data center
Morgan Stanley is the lead banker engaging in advanced talks to lend $15 billion to Nexus Data Centers, CNBC confirmed.
Rivian reduces 2026 spending plans, narrows earnings guidance
Rivian reduced its 2026 spending plans and slightly narrowed its previously forecast losses this year as the company reported second-quarter results.
Jersey Mike's stock falls 6% in public market debut after pricing shares at $23
Jersey Mike's priced its initial public offering at $23 per share.
China’s open-weight model lead exposes America’s AI blind spot
The future of AI may be dictated not by who builds the smartest model, but who builds the models everyone runs on. Right now, that's China.
Trump promised a 'golden age' for agriculture. Farmers in Iowa say they're still waiting
President Donald Trump has promised a "golden age" for agriculture, but farmers in Iowa and elsewhere are struggling with tariffs and the Iran war.
Analysis: Fed Chairman Warsh's credibility in question after leaving interest rates unchanged
The Fed held interest rates steady, but long-term Treasury yields jumped. Investors are questioning whether he will act forcefully enough on inflation.
Coinbase shares fall after crypto exchange posts disappointing second-quarter results
Coinbase's Thursday report marked its third straight quarter missing Wall Street's forecasts for revenue and earnings.
Apple and Amazon report after the bell. Here's what the options market is saying
Earnings on deck this afternoon for Apple and Amazon will likely decide if the stock market can end what’s so far been a rough week on solid footing.
Trump says sanctions bill should include tariffs on Iran, despite 'trivial' trade with U.S.
Trump said he'd "like to see tariffs on Iran" added to a bill that would impose economic sanctions on Russia and those supporting its war against Ukraine.
OpenAI cuts prices for two of its GPT-5.6 AI models as companies grow sensitive to costs
The company is facing pressure to cater to a more cost-sensitive customer base.
Meta sinks 8%, continuing record losing streak, while Microsoft jumps 15% as AI trade splits
Microsoft posted strong Azure and Copilot growth, while Meta missed revenue guidance forecasts as free cash flow plunged leading to diverging stock moves.
AMD and Micron surge, Lam Research climbs 17% as chip stocks rip higher
Strong earnings from Lam Research, Microsoft and Arm boosted hard-hit semiconductor stocks.
UEFA threatens World Cup boycott over FIFA private equity investment plan
FIFA has faced backlash from global soccer governing bodies over the proposal to allow private investment.
AI stocks rebound, and why J&J's earnings guidance cut is not cause for concern
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
'The Odyssey' extends stay in 70 mm Imax theaters as shows sell out weeks in advance
Universal and Imax have extended the availability of 70 mm screenings of Christopher Nolan's retelling of Homer's epic into mid-September.
Retailer Reformation closes flat in NYSE debut as CEO says company is 'ready to scale'
Retailer Reformation made its IPO on the New York Stock Exchange on Thursday under the ticker symbol "REF."
U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
While the GDP number was below expectations, the miss appeared to come from a decline in federal government spending and inventories.
New details in the OpenAI Hugging Face hack show how far agents will go: 'It's now remarkably easy'
OpenAI's rogue models used publicly exposed credentials across "four accounts on four services" to help facilitate the Hugging Face breach.
Trump floats pulling Blanche's AG nomination until after GOP holdouts leave office
The Senate Judiciary Committee, which includes Sens. John Cornyn and Thom Tillis, postponed a vote on advancing Todd Blanche's AG nomination.
Jeep maker Stellantis swings to profit on rising demand in North America
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.
The oil majors are about to report booming profits. These smaller stocks may be better buys
Several renewable and AI-linked stocks that may be better buys than the majors right now, according to Wall Street.