Kevin Smith
Journalist
OpenAI sharply cuts prices for some AI models to accelerate adoption
OpenAI has announced a major price cut for its entry-level and intermediate models to address corporate concerns about the cost of artificial intelligence. The move intensifies competition with US rivals and low-priced Chinese models.
July 30, 2026 at 10:06 pm
Microsoft picks up speed where it matters most and posts historic gain
Amid the gloom of quarterly earnings, it is often hard to separate the big winners from the big losers of the reporting season. Yet even as this new wave of releases has barely begun, one thing already looks clear: Microsoft will rank among this quarter's standout successes.
July 30, 2026 at 09:17 pm
Shell's adjusted profit more than doubles in Q2
Shell shares are up 0.80% at 3,350.75 pence on the London Stock Exchange today, lifted by Q2 results that topped expectations. Over the period, the oil major generated adjusted profit of $9.8bn, versus $4.2bn a year earlier. The increase reflects strong operating performance across its businesses, highlighted by record upstream production in Brazil and record refinery utilization, despite disruptions tied to the conflict in the Middle East.
July 30, 2026 at 05:09 pm
Meta: Growth Resists, but Margins Weigh on Profit
Meta Platforms shares are down about 6% in electronic trading on Wednesday, despite another commercially strong Q2, with investors primarily punishing earnings that missed expectations and the faster pace of spending related to artificial intelligence.
July 30, 2026 at 11:08 am
Hims & Hers slides after FTC lawsuit over privacy and billing
Hims & Hers shares fell more than 11% after the Federal Trade Commission filed a complaint. The regulator alleges the telemedicine group engaged in deceptive practices involving the protection of personal data, billing and subscription cancellations.
July 30, 2026 at 11:04 am
Masco disappoints on revenue despite raising full-year guidance
Masco reported Q2 revenue of $1.99bn, down 3% y-o-y and below the $2.08bn expected by analysts. The company, which specializes in home improvement and construction products, is being hit by a cut in household spending on non-essential projects, amid a high cost of living, tighter financing conditions and a less supportive labor market. The stock is down about 11.5% on Wednesday.
July 29, 2026 at 11:24 pm
Qualcomm to supply chips for BMW's next-generation vehicle platforms
Qualcomm has reached a long-term agreement with BMW to equip upcoming generations of the German automaker's vehicles with chips for digital cockpits and advanced driver-assistance systems, strengthening its footprint in the automotive technology market.
July 29, 2026 at 06:37 pm
ASM International slides after in-line quarterly results
ASM International is sliding 8% to EUR695 on the Amsterdam exchange, with investors unimpressed by a quarterly release broadly in line with expectations and by the company's confidence in its outlook.
July 29, 2026 at 05:43 pm
Fed: Citadel Securities bets on a surprise rate hike as soon as Wednesday
Citadel Securities now believes a rate hike as soon as Wednesday is the most likely scenario, after its strategists had previously expected tightening in September, followed by December. They acknowledge the decision looks close, especially after June inflation came in below expectations, but argue that the market is underestimating the Fed's shift towards a more restrictive stance.
July 29, 2026 at 10:47 am
Seagate Sees a Better-Than-Expected Quarter on AI-Driven Demand
Seagate issued revenue and profit guidance above expectations, supported by strong demand for high-capacity hard drives used in artificial intelligence infrastructure. The stock is up nearly 7% in after-hours trading.
July 29, 2026 at 10:46 am
Visa tops expectations, but rising costs temper performance
Visa beat expectations in Q3 2026, but didn't spark a sharp market reaction in electronic trading, as the global payments giant posted net revenue of $11.63bn, up 14% y-o-y, versus $11.4bn expected. Adjusted EPS came in at $3.32, compared with a consensus of $3.233, while activity stayed robust with payment volumes up 10%, processed transactions up 10% and cross-border volumes outside Europe rising 12%.
July 29, 2026 at 10:45 am
KLA forecasts stronger-than-expected start to the fiscal year on AI-driven demand
KLA issued Q1 revenue and profit guidance above expectations, supported by continued investment in artificial intelligence infrastructure and semiconductor manufacturing equipment.
July 29, 2026 at 10:44 am
NXP Beats Expectations, but the Market Was Looking for a Miracle
Dutch auto and industrial semiconductor specialist NXP Semiconductors nonetheless delivered a quarter that was hard to fault, with revenue up 19% y-o-y at $3.50bn, slightly above the $3.47bn expected, while adjusted EPS came in at $3.61, above the $3.52 anticipated. Growth clearly accelerated from Q1, notably supported by automotive, industrial IoT and communications infrastructure.
July 29, 2026 at 10:44 am
Shein discloses an FTC probe before its Hong Kong IPO
Shein confirmed that its US operations are under investigation by the Federal Trade Commission, a proceeding disclosed in documents tied to its planned Hong Kong initial public offering and one that could carry significant financial consequences.
July 28, 2026 at 09:41 pm
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