Latest News

Aug 5, 2026, 9:00 PM EDT - 5 minutes ago

The Investors Whose SpaceX Shares Vanished Before They Could Cash In

One bought in to an SPV fund touting pre-IPO ‘exposure' to the rocket company. He was told later the shares were sold before trading began.

Aug 5, 2026, 8:35 PM EDT - 30 minutes ago

Gold Gains as Markets Track Mideast Developments, Rethink Rate Views

Gold advanced in early Asian trade after gaining overnight on a softer dollar and lower Treasury yields.

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Aug 5, 2026, 8:26 PM EDT - 39 minutes ago

Block's AI Overhaul Starts Showing Up in Results

Block drew plenty of attention earlier this year when CEO Jack Dorsey announced plans to cut roughly 40% of the company's workforce and put artificial intelligence at the center of its operations.

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Aug 5, 2026, 8:12 PM EDT - 53 minutes ago

EBay Rides Luxury, Collectibles and AI to 15% Growth in Q2

Despite its status as a founder of the category, eBay has traditionally been viewed by the rest of eCommerce's tech platforms as the industry's red-headed stepchild. It was profitable but often viewed...

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Aug 5, 2026, 7:43 PM EDT - 1 hour ago

Oil Declines Amid Growing Optimism Over Reopening of Strait of Hormuz

Oil declined in early Asian trade amid growing optimism over the reopening of the Strait of Hormuz.

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Aug 5, 2026, 7:40 PM EDT - 1 hour ago

DoorDash Says Agentic Traffic Is Low, but AI Gains Are Not

Artificial intelligence is showing up for DoorDash.

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Aug 5, 2026, 7:32 PM EDT - 1 hour ago

Memory is the new gold, says Arista Networks CEO Jayshree Ullal

Arista Networks Chair and CEO Jayshree Ullal joins 'Mad Money' host Jim Cramer to talk quarterly results, how AI is fueling its growth, and more.

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Aug 5, 2026, 6:56 PM EDT - 2 hours ago

Beyond Meat forecasts upbeat quarterly revenue on steady international demand

Faux meat-products maker Beyond Meat forecast third-quarter revenue above Wall Street estimates on Wednesday, ​as resilient demand in its international segment ‌helped counter declining U.S. sales.

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Aug 5, 2026, 6:56 PM EDT - 2 hours ago

Shopify exec says AI is ushering in a 'golden age of entrepreneurship'

Shopify President Harley Finkelstein said AI is making it easier for entrepreneurs to launch and grow businesses, calling it the beginning of a "golden age of entrepreneurship." He said traffic and or...

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Aug 5, 2026, 6:55 PM EDT - 2 hours ago

DoorDash is still ironing out Dot delivery robot kinks, from charging to pickups

DoorDash still has problems to solve before broadly using its autonomous delivery robot. Issues like loading the robots and tricky deliveries remain, CEO Tony Xu said.

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Aug 5, 2026, 6:48 PM EDT - 2 hours ago

Zillow revenue climbs 18% but layoff costs push company to a loss, amid executive changes

Zillow Group's second-quarter revenue rose 18% to $772 million, but a $36 million restructuring charge from this week's layoffs pushed the company to a $4 million net loss.

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Aug 5, 2026, 6:42 PM EDT - 2 hours ago

Media Mogul Tom Rogers sees trouble in Disney's ad business

Tom Rogers, Versant Media senior advisor, joins 'Fast Money' to talk Disney earnings and AI usage in Hollywood.

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Aug 5, 2026, 6:40 PM EDT - 2 hours ago

Jim Cramer says investors should consider buying SpaceX for their kids

CNBC's Jim Cramer said investors should view SpaceX as a multigenerational investment, arguing the company's biggest opportunities may take decades to fully materialize. He said Elon Musk's track reco...

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Aug 5, 2026, 6:33 PM EDT - 2 hours ago

Motorola Solutions lifts annual guidance on resilient public safety demand

Motorola Solutions raised its full-year revenue outlook above Wall Street estimates, betting ​on strong demand for public safety ‌communications equipment and software.

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Aug 5, 2026, 6:29 PM EDT - 2 hours ago

Meta's AI model hacked another company during testing, The Information reports

Meta's Muse Spark ​AI model hacked ‌another company during cybersecurity ​testing, The ​Information reported on ⁠Wednesday.

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Aug 5, 2026, 6:28 PM EDT - 2 hours ago

News Corp posts record profitability, 11% jump in Q4 revenue

"We concluded Fiscal 2026 with an exceptional fourth quarter performance, including an 11% increase in revenues to $2.34 billion and the highest profitability on record," News Corp CEO Robert Thomson ...

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Aug 5, 2026, 6:26 PM EDT - 2 hours ago

Axon posts lower quarterly gross margin on higher mix of services, new product scaling

TASER-maker Axon Enterprise posted lower second-quarter gross margin on Wednesday, weighed by a ​higher mix of less lucrative professional ‌services and investments in scaling new product offerings.

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Aug 5, 2026, 6:19 PM EDT - 2 hours ago

Block slashed 40% of its workforce for AI — and earnings suggest that's paying off

“We can ship higher-quality products much, much more quickly,” an executive said in the wake of the company's better-than-expected earnings report

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Aug 5, 2026, 6:18 PM EDT - 2 hours ago

WSJ publisher News Corp beats revenue estimates on real estate, Dow Jones strength

Wall Street Journal publisher News Corp beat fourth-quarter revenue estimates ​on Wednesday, driven by growth in ‌its digital real estate, book publishing and Dow Jones subscription businesses.

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Aug 5, 2026, 6:13 PM EDT - 2 hours ago

Paycom raises annual forecast on AI-driven demand

Payroll processor Paycom on Wednesday lifted its annual revenue forecast, driven ​by steady demand for its ‌AI-driven employee management services.

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Aug 5, 2026, 6:13 PM EDT - 2 hours ago

Solventum to hive off healthcare software business, raises profit forecast

Solventum , one of the largest providers of hospital consumables and sterilization devices, said on Wednesday it ​is planning to separate its health information systems ‌business as part of its ongoin...

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Aug 5, 2026, 6:00 PM EDT - 3 hours ago

Sinclair CEO Chris Ripley “Couldn't Be Happier” About Expected FCC Repeal Of Federal Ownership Cap

With the federal cap on local TV station ownership nearing its end, Sinclair CEO Chris Ripley said he “couldn't be happier” to see a long-sought industry goal accomplished. The Republican-controlled F...

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Aug 5, 2026, 6:00 PM EDT - 3 hours ago

Crypto Corner: Ethereum's Edge, EIP-8361 & Bitcoin Security

Jim Ferraioli from @CharlesSchwab breaks down Ethereum's recent outperformance vs. Bitcoin, how EIP-8361 reduces supply by burning a growing share of staking rewards, and why Bitcoin's security reinfo...

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Aug 5, 2026, 5:58 PM EDT - 3 hours ago

Bumble forecasts downbeat quarterly revenue as paying users drop

Bumble on Wednesday forecast third-quarter revenue below Wall Street estimates, as paying users ​declined during an ongoing platform overhaul ‌to win back swipe-weary Gen Z users.

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Aug 5, 2026, 5:51 PM EDT - 3 hours ago

Atmos Energy posts higher quarterly profit on rate hikes

Atmos Energy on Wednesday posted a rise in third-quarter profit, benefiting from higher rates approved ​across its distribution and pipeline segments.

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Aug 5, 2026, 5:47 PM EDT - 3 hours ago

US FDA approves Takeda's sleep disorder pill

The FDA has approved Takeda Pharmaceuticals' oral drug for narcolepsy, the U.S. ​health regulator said on Wednesday, backing ‌the first treatment that targets all the symptoms of the rare sleep disord...

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Aug 5, 2026, 5:47 PM EDT - 3 hours ago

Matthew Tuttle on Investing in AI Infrastructure

Artificial intelligence is reshaping not only the technology sector, but also how investors define value.

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Aug 5, 2026, 5:37 PM EDT - 3 hours ago

Lucid's new CEO says the EV maker launched cars before they were ready and let customers down

Lucid's new CEO, Silvio Napoli, said the car company launched vehicles before they were ready. He's changing how the EV maker launches vehicles, and pushing back the midsize Cosmos to 2027.

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Aug 5, 2026, 5:32 PM EDT - 3 hours ago

SpaceX ramps up Tesla Megapack purchases in Q2 to power its AI data centers

SpaceX ramped up its spending on Tesla Megapacks during the second quarter of 2026. The AI and space company spent $295 million on Tesla's big backup batteries in the quarter and is using them to help...

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Aug 5, 2026, 5:31 PM EDT - 3 hours ago

Meta to take on Anthropic's Claude and OpenAI's Codex with new coding agent

Meta announced a new coding agent called Muse Code that's made to handle software engineering tasks. It's Meta's answer to other popular coding agents, such as Anthropic's Claude and OpenAI's Codex.

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Aug 5, 2026, 5:30 PM EDT - 3 hours ago

Wednesday's Final Takeaways: GOOGL AI Chief Leaves, GLP-1 Boosts LLY

Marley Kayden and Sam Vadas wrap up Wednesday's session with a few overlooked headlines to keep on the radar. Marley details a cautionary note from Bank of America (BAC) CEO Brian Moynihan before turn...

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Aug 5, 2026, 5:30 PM EDT - 3 hours ago

Oregen Announces Leadership Transition and Appointment of Kevin Shrimpton as Interim Chief Executive Officer and Director

August 5, 2026, Vancouver, British Columbia - TheNewswire – Oregen Energy Corp (CSE: ORNG) (OTCQB: ORGEF) (FSE: A1S0) ( “ Oregen ” or the “ Company ”) announces that Mason Granger has elected to st...

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Aug 5, 2026, 5:29 PM EDT - 3 hours ago

Meta launches new AI coding tool powered by Muse Spark 1.2

Meta Platforms on Wednesday launched Muse Code, a coding tool powered by its latest ​AI model, Muse Spark 1.2, designed to help ‌developers write and debug software.

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Aug 5, 2026, 5:29 PM EDT - 3 hours ago

Lucid CEO Silvio Napoli: Next capital raise will be very positive for investors

Silvio Napoli, Lucid Group CEO, joins 'The Exchange' to discuss the company's quarterly earnings results, the company's restructuring and much more.

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Aug 5, 2026, 5:27 PM EDT - 3 hours ago

Kraft Heinz CEO on Q2 earnings beat: There are green shoots, but we need to do better

Steve Cahillane, Kraft Heinz CEO, joins Squawk on the Street to discuss the company's Q2 earnings beat, growth strategy, potential for innovation, and more.

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Aug 5, 2026, 5:27 PM EDT - 3 hours ago

Bloodbath at Visa as top execs making mega bucks get canned from California offices

Payment processing giant brutally cut 2,600 jobs, sparing no one, not even top executives.

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Aug 5, 2026, 5:21 PM EDT - 3 hours ago

Meta launches Muse Code, an AI agent for large code bases

Meta, considered a bit of a straggler in the AI harnesses realm, is making strides to catch up. This week, the company released a new terminal coding agent aimed at programmers looking for assistance ...

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Aug 5, 2026, 5:15 PM EDT - 3 hours ago

Hollywood is cranking out billion-dollar movies again. Spider-Man just joined the ranks

The theatrical industry welcomed its fourth billion-dollar film of 2026 this week as Sony and Marvel's "Spider-Man: Brand New Day" surpassed the coveted benchmark. Already part of the 2026 class is Un...

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Aug 5, 2026, 5:13 PM EDT - 3 hours ago

Tesla, Inc. (TSLA) Price Forecast: Bullish Reversal Targets $386.61

Tesla is testing major support after a steep correction, with bullish weekly signals emerging that could mark the start of a rebound toward key resistance levels.

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Aug 5, 2026, 5:11 PM EDT - 3 hours ago

Sandisk forecasts upbeat quarterly revenue on AI-driven demand

Sandisk forecast quarterly revenue above estimates on Wednesday, banking on rising demand for its memory chips used ​in AI data centers.

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Aug 5, 2026, 5:11 PM EDT - 3 hours ago

Motorola Solutions Lifts Outlook as Profit, Revenue Gain

The Chicago-based company said it now expects full-year adjusted earnings between $17.62 and $17.72 a share on revenue of about $12.98 billion.

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Aug 5, 2026, 5:05 PM EDT - 4 hours ago

Trump's DOJ gains oversight of OpenAI's green-card employee sponsorships

The Justice Department's Civil Rights Division announced on Wednesday that OpenAI, and its once-subsidiary Statsig, signed a settlement that includes three years of oversight over the AI lab's hiring ...

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Aug 5, 2026, 5:05 PM EDT - 4 hours ago

Gold (XAU/USD) Price Forecast: Breakout Signals a Bigger Reversal

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Aug 5, 2026, 5:05 PM EDT - 4 hours ago

EBay Lifts Outlook as Depop Acquisition Closes, Revenue Rises

The online marketplace reported higher revenue of $3.13 billion, and now expects gross merchandise volume to grow between 11.5% and 12.5% in 2026.

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Aug 5, 2026, 5:02 PM EDT - 4 hours ago

News Corp Revenue Rises, With Growth Across All Segments

Digital-only subscriptions to The Wall Street Journal averaged nearly 4.5 million in the quarter, compared with 4.33 million in the prior quarter.

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Aug 5, 2026, 5:01 PM EDT - 4 hours ago

Why is SanDisk stock slipping despite massive Q2 beat?

SanDisk (SNDK) shares are inching lower in extended hours on Wednesday even though the flash memory products specialist delivered a massive top and bottom-line beat. The multinational more than quadru...

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Aug 5, 2026, 5:00 PM EDT - 4 hours ago

Meta enters the AI coding wars with Muse Spark 1.2 and Muse Code with persistent async background agents

Meta today released Muse Code, a terminal-based AI coding agent now in beta, alongside Muse Spark 1.2, a coding-focused update to its Muse Spark family of frontier models — a one-two punch that puts t...

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Aug 5, 2026, 4:59 PM EDT - 4 hours ago

Western Digital forecasts upbeat revenue but shares fall on lofty expectations

Western Digital forecast quarterly revenue slightly above Wall Street estimates on Wednesday, betting on strong ​AI-driven demand for its hard disk drives.

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Aug 5, 2026, 4:58 PM EDT - 4 hours ago

Starboard Reveals Shake Shack Stake | Bloomberg Deals 8/5/2026

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: Starboard CEO Jeff Smith, Salesf...

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Aug 5, 2026, 4:55 PM EDT - 4 hours ago

Block Raises Outlook on Financial Solutions Growth

Block raised its full-year guidance and reported higher second-quarter revenue as growth in its commerce and financial solutions businesses helped to offset declines in Bitcoin.

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Aug 5, 2026, 4:54 PM EDT - 4 hours ago

Sandisk's stock falls as the company's forecast doesn't live up to high expectations

The midpoint of the company's revenue forecast was below what analysts had been modeling.

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Aug 5, 2026, 4:54 PM EDT - 4 hours ago

Goodyear Swings to Loss on Lower Tire Volume, Higher Costs

The company posted a loss of $204 million, or 71 cents a share, compared with a profit of $254 million, or 87 cents a share, in the year-ago quarter.

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Aug 5, 2026, 4:51 PM EDT - 4 hours ago

Aggressive options trading helped drive the S&P 500's latest rally. What that means for investors.

The S&P 500 has enjoyed an epic rally over the past five days — but the advance may be more mechanical and driven by options positioning, rather than by an improvement in investors' fundamental outloo...

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Aug 5, 2026, 4:50 PM EDT - 4 hours ago

Zillow Swings to Loss on Restructuring Costs

The company posted a loss of $4 million as restructuring costs of $36 million weighed on the bottom line despite higher revenue.

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Aug 5, 2026, 4:48 PM EDT - 4 hours ago

Joby Stock Falls Despite a Sales Beat

Joby Aviation topped second-quarter sales estimates and raised its 2026 revenue outlook, but investors remain focused on certification and the launch of its electric air-taxi service.

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Aug 5, 2026, 4:47 PM EDT - 4 hours ago

What's Driving Growth for Disney?

Walt Disney's profit beat Wall Street estimates in the company's fiscal third quarter, driven by soaring income from its entertainment division and the resilience of its theme parks in California and ...

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Aug 5, 2026, 4:47 PM EDT - 4 hours ago

Apollo's Deal Spree Drives Fee-Related Revenue to a Record

Bloomberg's Laura Benitez joins Dani Burger on "Bloomberg Deals." Apollo Global Management reported record revenue from fees as it vies to be one of Wall Street's largest lenders.

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Aug 5, 2026, 4:45 PM EDT - 4 hours ago

How Bi-Modality Is Percolating Up Into Macro Markets

Last month in this forum I alluded to “canaries” in the coalmine (see here) , referring to the high implied volatility on options of stocks like Micron (MU) and SpaceX (SPCX). One working hypothesis w...

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Aug 5, 2026, 4:44 PM EDT - 4 hours ago

McKesson raises annual profit forecast on strong growth in specialty drug business

Drug distributor McKesson on Wednesday raised its annual profit forecast after beating first-quarter earnings estimates, on ​strength in its oncology and specialty drug businesses.

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Aug 5, 2026, 4:43 PM EDT - 4 hours ago

AppLovin Second-Quarter Sales Gain, Gives Soft Third-Quarter Outlook

The company's quarterly sales were just below analysts' forecast, and it gave a softer third-quarter outlook than Wall Street was looking for.

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Aug 5, 2026, 4:43 PM EDT - 4 hours ago

DoorDash Profit Falls as Costs Offset Revenue Growth

The decline in profit was driven by higher costs of revenue from more orders, as well as increases in sales, marketing, and research and development expenses and other overhead costs, the company said...

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Aug 5, 2026, 4:41 PM EDT - 4 hours ago

The Critical Material Gap: Why Recycling Isn't Enough

Those who have been keeping a close eye on the commodities market know that critical material supply chains have become a top priority for nations worldwide. Not only has the United States been seekin...

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Aug 5, 2026, 4:41 PM EDT - 4 hours ago

What smart people in tech are saying about Google's AI leadership restructuring

Google AI leadership is shifting, with Demis Hassabis moving to Alphabet's chief scientist role. DeepMind's transition reflects a focus on AI safety and long-term research initiatives at Google.

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Aug 5, 2026, 4:40 PM EDT - 4 hours ago

Phillips 66 Says It's The Third-Largest Buyer Of Venezuelan Crude As Trump Blasts Exxon And Chevron

Phillips 66 shares fell 1.7% to $202.39 on Wednesday, its lowest point in three weeks. However, the company's stock has risen 57% since the start of the year, when it traded around $130 per share.

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Aug 5, 2026, 4:36 PM EDT - 4 hours ago

Etsy to Cut 12% of Workforce as CEO Focuses on Core Marketplace

The layoffs, which came alongside a quarterly report showing growth across the business, are part of the company's goal of adapting its marketplace to changing online-shopping habits.

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Aug 5, 2026, 4:35 PM EDT - 4 hours ago

Expedia Raises Revenue View on Higher Profit, Revenue

The online travel agency said it now expects annual revenue to be $16.05 billion to $16.22 billion, up from a previous range of $15.6 billion to $16.0 billion.

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Aug 5, 2026, 4:33 PM EDT - 4 hours ago

Market Close: Stock Rally Fades, Job Growth Weakens, Strong Earnings Boost Eli Lilly 8-5-2026

CNBC Business News Update with Peter Schacknow - Markets & Business News With Expert Analysis From Top Business Names. Visit CNBC.com For More.

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Aug 5, 2026, 4:33 PM EDT - 4 hours ago

Hailey Bieber's Rhode Powers e.l.f. Beauty's Sales Growth

E.l.f.'s sales climbed 36% in the first quarter to $479.4 million, and the company raised its full-year sales guidance.

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Aug 5, 2026, 4:32 PM EDT - 4 hours ago

Bikemaker Accell starts insolvency proceedings four years after KKR-led buyout

Dutch bicycle maker Accell said on Wednesday it had started insolvency proceedings as it is unable ​to meet its financial obligations amid a ‌prolonged downturn in the European bike industry.

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Aug 5, 2026, 4:31 PM EDT - 4 hours ago

SpaceX Stock Drops on Ballooning AI Bill

Plus, Google reshuffles senior AI ranks and Shake Shack draws an activist.

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Aug 5, 2026, 4:29 PM EDT - 4 hours ago

Shale producer APA beats second-quarter profit estimates

Oil and gas producer APA ​beat Wall Street estimates for second-quarter ‌profit on Wednesday, helped by higher oil prices.

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Aug 5, 2026, 4:28 PM EDT - 4 hours ago

Shale producer Occidental Petroleum beats quarterly profit estimates

U.S. shale producer Occidental Petroleum reported its highest quarterly ​profit since 2022, surpassing Wall Street expectations ‌on Wednesday, helped by higher oil prices and production.

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Aug 5, 2026, 4:27 PM EDT - 4 hours ago

MetLife profit rises on underwriting strength, volume growth

Life insurer MetLife posted a jump in second-quarter adjusted profit on Wednesday, powered by strong underwriting ​and broad volume growth, with standout results ‌in Asia and Latin America.

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Aug 5, 2026, 4:27 PM EDT - 4 hours ago

Sandisk Revenue Soars on AI Data Storage Demand

The company posted a higher net income of $6.9 billion as the artificial-intelligence buildout continued to fuel demand for data storage.

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Aug 5, 2026, 4:26 PM EDT - 4 hours ago

Western Digital Profit Surges as Revenue Grows

Western Digital reported a more than elevenfold increase in its fourth-quarter profit, driven by continued strong demand for its memory technology.

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Aug 5, 2026, 4:25 PM EDT - 4 hours ago

Kalshi Says It's Not Running a Casino, Responds to NY Attorney General

Robert DeNault, Kalshi's head of enforcement and legal counsel, responded to a lawsuit brought New York State, saying that he is concerned about overreach coming from Attorney General Letitia James's ...

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Aug 5, 2026, 4:24 PM EDT - 4 hours ago

Marc Benioff gets a new operating chief, as Salesforce promotes Miguel Milano

Salesforce promoted revenue head and former Oracle executive Miguel Milano to the role of operating chief. Robin Washington, a Salesforce board member who assumed the job of chief operating and financ...

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Aug 5, 2026, 4:22 PM EDT - 4 hours ago

Expedia, Block, Western Digital, & Sandisk All Report Results | Closing Bell

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec.

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Aug 5, 2026, 4:22 PM EDT - 4 hours ago

Honeywell Aerospace Cuts Full-Year Growth Guidance as Supply Constraints Dampen Second-Quarter Sales

The company now expects organic growth of 4% to 5% for the full year, down from its prior forecast of 7% to 9%.

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Aug 5, 2026, 4:20 PM EDT - 4 hours ago

Gold's rally has further to run as debt, de-dollarization fuel secular bull market: Gabelli's Mancini

Gold is attracting renewed investor interest as prices climbed above $4,250 an ounce on Wednesday, marking a seven-week high. While the precious metal still faces short-term headwinds from monetary po...

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Aug 5, 2026, 4:17 PM EDT - 4 hours ago

Starlink is SpaceX's crown jewel, tops OpenAI moat: ERShares

Joel Shulman of ERShares says Starlink is SpaceX's crown jewel, driving its growing revenue. He also believes xAI's Grok could build a bigger moat than Anthropic and OpenAI if it succeeds in establish...

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Aug 5, 2026, 4:17 PM EDT - 4 hours ago

Zillow Reports Surprise Quarterly Loss, Executive Changes

Zillow reported a net loss of $4 million on $772 million in revenue in the second quarter. Analysts had expected $21 million in net income on $758 million.

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Aug 5, 2026, 4:16 PM EDT - 4 hours ago

Analyst on hyperscalers' earnings potential

Moor Insights & Strategy's Patrick Moorhead says that while some investor sre jumping on the AI wave and making quick bets on hyperscalers, firms like Microsoft and Azure are actually generating profi...

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Aug 5, 2026, 4:15 PM EDT - 4 hours ago

Google's Jeff Dean — chief scientist for 27 years — leaving during AI leadership overhaul for startup

Google's current chief scientist is leaving to start his own AI startup, Discovery Loop, with three other company veterans, according to a company blog post.

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Aug 5, 2026, 4:14 PM EDT - 4 hours ago

MercadoLibre's net profit beats estimates despite third straight decline

MercadoLibre on Wednesday posted an about-11% fall in its second-quarter net profit from a year earlier, hit by free shipping investments, but ​above estimates given record revenue and growth of custo...

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Aug 5, 2026, 4:12 PM EDT - 4 hours ago

DoorDash projects strong growth as delivery demand holds firm

DoorDash on Wednesday forecast third-quarter gross order value and core profit above Wall Street estimates after topping results for ​the prior three months on sustained demand for food, ‌grocery and ...

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Aug 5, 2026, 4:12 PM EDT - 4 hours ago

Elf Beauty raises annual forecasts as value bet pays off

Elf Beauty on Wednesday raised its annual sales and profit forecast, signaling momentum from strong demand for its affordable beauty, makeup and skincare products ​amid strained consumer spending.

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Aug 5, 2026, 4:10 PM EDT - 4 hours ago

EBay forecasts quarterly revenue above estimates

EBay forecast third-quarter revenue above Wall Street estimates ​on Wednesday, leaning on its push ‌into authenticated luxury goods, collectibles and refurbished products to bring more high-value buye...

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Aug 5, 2026, 4:10 PM EDT - 4 hours ago

Chime lifts 2026 revenue forecast on robust demand, CFO to step down

Chime on Wednesday raised its full-year revenue growth forecast above Wall Street estimates on strong demand for its digital banking products, and ​announced the departure of longtime Chief Financial ...

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Aug 5, 2026, 4:09 PM EDT - 4 hours ago

Newly spun-off Honeywell Aerospace cuts 2026 forecast on supply-chain woes

Honeywell Aerospace lowered 2026 sales growth forecast and issued a weaker-than-expected earnings outlook on Wednesday, as persistent supply-chain hurdles crimped ​its ability to meet surging aftermar...

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Aug 5, 2026, 4:09 PM EDT - 4 hours ago

Figma lifts annual revenue forecast as AI efforts drive solid demand

Figma lifted its annual revenue forecast on Wednesday, encouraged by strong demand for its design software ​products, as the company's efforts to integrate AI in its ‌tools helped attract and retain m...

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Aug 5, 2026, 4:09 PM EDT - 4 hours ago

Figma's push into AI agents drives an earnings beat

Figma's AI monetization strategy is showing promise as customers grow their AI credit consumption on the platform

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Aug 5, 2026, 4:07 PM EDT - 4 hours ago

Etsy lays off 12% of worker as part of restructuring plan

Crafting marketplace Etsy ‌Inc. is laying off approximately 220 employees, or 12% of its workforce, as part of a restructuring plan it hopes will "improve coordination and speed of decision-making," t...

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Aug 5, 2026, 4:06 PM EDT - 4 hours ago

E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%

E.l.f. Beauty has received around $50 million in tariff refunds, leading its net income to surge by nearly 100% and gross margin to grow by 14 percentage points. The impact is a one-time blip and not ...

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Aug 5, 2026, 4:05 PM EDT - 5 hours ago

Duolingo's lower-than-expected revenue forecast overshadows quarterly beat

Duolingo forecast third-quarter revenue ‌below Wall Street expectations on Wednesday, tempering optimism from its robust second quarter as the language-learning company bets stronger user engagement w...

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Aug 5, 2026, 4:05 PM EDT - 5 hours ago

Google Eyes $1.5 Billion Mechanize Deal to Enhance AI Coding

Google is in talks with artificial intelligence coding agent startup Mechanize to hire some of Mechanize's talent and sign a non-exclusive licensing agreement for the company's technology, Business In...

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Aug 5, 2026, 4:05 PM EDT - 5 hours ago

Etsy laying off 12% of staff in bid to streamline business, position for growth

Etsy announced layoffs on Wednesday that will hit about 220 employees. CEO Kruti Patel Goyal said in a note that the cuts will position the company for growth.

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Aug 5, 2026, 4:05 PM EDT - 5 hours ago

Klaviyo acquires Elias Torres' Agency in full-circle reunion for tech founders

Publicly traded e-commerce marketing automation platform Klaviyo has agreed to acquire Agency, a three-year-old AI-powered customer success startup founded by serial entrepreneur Elias Torres. The ter...

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Aug 5, 2026, 3:51 PM EDT - 5 hours ago

Google's AI Leadership Is Undergoing Some Major Changes. The Stock Is Sliding

Shareholders are not taking kindly to Google's AI leadership changes.

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