Meta tanks 9%, 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 mo...
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US economic growth sees surprise slowdown in second quarter
The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.
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...
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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.
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Ferrari raises 2026 guidance after Q2 earnings beat
Ferrari is bumping up its 2026 guidance after beating Wall Street's second quarter expectations amid "healthy" demand for its products.
Chipotle stock jumps as chain hikes same-store sales forecast, says cyclospora fears hit sales in late July
Chipotle Mexican Grill stock has fallen more than 7% this year, dragging its market value down to roughly $44 billion.
Meta tanks 9%, continuing record losing streak, while Microsoft jumps 14% 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 mo...
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US economic growth slows unexpectedly in second quarter
The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.
Star AI investor Leopold Aschenbrenner is unwinding trades after steep losses, sources say
Leopold Aschenbrenner's hedge fund is unwinding trades and may be forced to liquidate assets, according to people familiar with the matter.
Bank holds interest rates but says is ready to raise them if Iran war escalates
The Bank also expects the economy to grow more than previously forecast this year, although uncertainties remain because of the Iran war.
US economic growth slows to 1.5% in second quarter
The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.
Yum Brands CEO says cyclospora outbreak has hurt Taco Bell, but sales are already improving
The restaurant company provided no update on the cyclospora outbreak tied to Taco Bell restaurants is affecting its business.