ExxonMobil announced a 67% increase in adjusted quarterly profits, reaching $14.7 billion for the April-to-June period, propelled by surging global oil prices. The financial results followed severe geopolitical supply disruptions resulting from ongoing military conflict involving energy infrastructure in the Middle East. The oil supermajor's earnings doubled compared to...
Hughes Network Systems, a major satellite internet provider, is preparing to file for Chapter 11 bankruptcy protection as a $1.5 billion debt payment comes due on August 1, according to a Wall Street Journal report. The company, a subsidiary of EchoStar, had only $102 million in cash on hand as of...
Apple shares fell nearly 10 percent on Friday, July 31, 2026, following a disappointing financial forecast that revealed the company is struggling to secure necessary hardware components amid an artificial intelligence-driven data center boom straining global supply chains. The market decline marked the corporation's worst single-day stock drop since the...
Payments giant Visa announced plans to eliminate approximately 2,600 positions, accounting for roughly 7% of its global workforce. The job reductions will primarily target the company's technology and product teams. Chief Executive Officer Ryan McInerney detailed the restructuring in an internal staff memo. McInerney stated that the company is...
WASHINGTON — ExxonMobil and Chevron reported a combined $26.5 billion in quarterly profits as elevated fuel prices strain U.S. consumers while boosting returns for the oil majors. ExxonMobil disclosed $14.5 billion in earnings for the quarter ending last month, more than double the profit from the same period a year...
Amazon.com, Inc. reported second-quarter financial results for 2026, surpassing Wall Street expectations across key metrics. The Seattle-based e-commerce and cloud computing giant announced total net sales of $200.6 billion, representing a 20 percent increase compared to the same period in 2025. Operating income climbed 43 percent year-over-year to $27.5...
Microsoft Corp. made stock market history on Thursday, adding nearly half a trillion dollars to its market value in a single day — the largest one-day gain for any company in Wall Street history. Shares of the Redmond, Washington-based company soared 16%, marking their biggest single-day percentage gain since October 2008....
Situational Awareness LP, an AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, has liquidated its entire public equities portfolio in a roughly $20 billion to $24 billion block trade to Ken Griffin’s Citadel, executed before the market open. The unwind followed steep July declines in artificial-intelligence infrastructure stocks...
Add Yahoo as a preferred source to see more of our stories on Google. Tom Holland "hated" an early cut of Spider-Man: Brand New Day. The 30-year-old actor has reprised the role of Spider-Man for the new movie, and Tom has recalled seeing various cuts of the film, before committing to the...
The U.S. economy grew at an annualized rate of 1.5 percent in the second quarter of 2026, according to Commerce Department and Bureau of Economic Analysis data released in Washington on July 30, 2026. That marks a slowdown from the 2.1 percent pace in the first quarter and falls short...
