Nvidia to acquire Hugging Face for $12.9B, expanding AI platform reach
Nvidia's largest-ever acquisition gives it a leading AI developer community and open-source model hub, significantly expanding its software and platform strateg
Investors · +3 outlets
Fed Governor Waller signals support for holding rates steady at September meeting
Waller's comments contrast with Chair Warsh's recent hawkish remarks, reinforcing expectations that the Fed will pause rate cuts at the upcoming meeting.
CNBC · +3 outlets
Iran strikes Kuwait as Mideast hostilities escalate, oil prices climb
Renewed military conflict in the Middle East drives safe-haven demand for gold and silver while oil prices rise amid Strait of Hormuz disruption risks.
CNBC · +2 outlets
Uber to lay off 10% of staff in biggest cuts since COVID
The ride-hailing giant's job cuts signal continued cost discipline as it navigates a challenging macroeconomic environment for gig-economy platforms.
Investing
Snowflake stock surges on AI-driven Q2 revenue jump
Strong quarterly results from the data cloud company underscore growing enterprise demand for AI-powered data analytics and cloud infrastructure.
finance.yahoo · +3 outlets
AbbVie seals $11B acquisition of Apogee Therapeutics
The deal bolsters AbbVie's immunology pipeline, while the company also reported positive myeloma trial results for its drug etentamig.
Seekingalpha · +2 outlets
Blackstone caps withdrawals at credit fund for second quarter
The move reflects ongoing liquidity pressures in private credit markets as redemptions continue to test the fund's ability to meet investor demand.
Investing
Campbell's stock plunges, slashes dividend after sales and profit declines
The dividend cut and weak results signal deepening challenges for the packaged food maker as consumers shift away from legacy brands.
finance.yahoo
NetApp stock falls despite big earnings beat
Weak guidance or forward-looking concerns overshadowed the data storage company's strong quarterly results, driving the stock lower.
Investors · +1 outlets
Tesla teases Cybercab update with no steering wheel or pedals
The long-awaited update on Tesla's autonomous vehicle comes nearly two years after the Cybercab was first unveiled, fueling anticipation ahead of the event.
CNBC · +1 outlets
Volkswagen replaces North America CEO Kjell Gruner after sales drop
A leadership shakeup reflects VW's struggle to reverse declining market share in the critical North American region.
finance.yahoo · +1 outlets
Petco surges as profit beat gives turnaround another boost
The pet retailer's earnings beat signals continued momentum in its turnaround strategy, sending shares sharply higher.
Seekingalpha
Canada July trade surplus shrinks weeks before new US tariffs
Narrowing trade surplus heightens concerns about Canada's economic vulnerability ahead of anticipated U.S. tariff measures.
Investing
Yen jumps to one-month high as traders weigh chance of further intervention
The yen strengthened amid speculation that Japanese authorities may intervene further, following comments from U.S. Treasury Secretary Bessent.
CNBC · +1 outlets
Dutch central bank moves gold bars out of US and Canada citing crisis preparedness
The Netherlands' central bank repatriated gold from the U.S. and Canada to the Bank of England, citing easier tradability during a severe crisis.
CNBC
Leon Black sues House Oversight over Epstein probe subpoenas
The billionaire investor is fighting congressional subpoenas related to his dealings with Jeffrey Epstein, arguing NDAs have no bearing on the probe.
CNBC · +1 outlets
Jim Cramer's top 10 things to watch in the stock market Thursday
CNBC · +1 outlets
Microsoft to start disclosing Azure quarterly revenue as company consolidates business units
Increased transparency on Azure's dollar-denominated revenue will give investors greater clarity on Microsoft's cloud growth versus AWS.
CNBC · +1 outlets