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AI spending lifts growth but fuels wholesale inflation, Wells Fargo warns
The artificial intelligence investment boom that helped accelerate U.S. economic growth in early 2025 is simultaneously pushing wholesale inflation to
Earnings
JPMGS
Goldman Sachs and JPMorgan Chase delivered record quarterly revenue on Tuesday
offering the clearest evidence yet that the artificial intelligence investment cycle is generating substantial profits for Wall Street’s largest firms…
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TSMC June Revenue Jumps 67.9% Year on Year, Beating Guidance
Taiwan Semiconductor Manufacturing Co. reported a 67.9 percent year-on-year increase in June revenue on Monday, sending shares up 1 percent and signal
Fireworks AI reaches $17.5 billion valuation as enterprises hunt cheaper inference
Nvidia-backed Fireworks AI said Thursday it has raised $1.5 billion at a $17.5 billion valuation after annualized revenue surged past $1 billion, a fi
Musk becomes first trillionaire as SpaceX debuts on Nasdaq
Elon Musk became the world's first trillionaire on Friday after SpaceX opened trading on the Nasdaq at $150 a share, pushing his combined stake in the
Big Banks Set for Record Trading and Deal Revenue as SpaceX IPO and Iran Conflict Fuel Volatility
Major U.S. banks are poised to report booming second-quarter revenue when results begin Tuesday, led by JPMorgan Chase and Bank of America, with tradi
UnitedHealth Beats Estimates, Raises 2026 Outlook as Cost Controls Gain Traction
UnitedHealth Group posted second-quarter earnings that exceeded Wall Street forecasts and lifted its 2026 profit outlook, sending shares up about 7 pe
Levi Strauss beat Wall Street estimates for the second quarter and lifted its full-year profit
and sales targets, yet shares slid more than five percent in extended trading as investors weighed the upgrade against a cautious consumer backdrop. T
Delta Air Lines CEO Ed Bastian said the carrier’s pricing power is sustainable and its 2026 profit
target is within reach as higher fares offset fuel costs even if oil prices retreat from multiyear highs. The airline forecast third-quarter adjusted
Toyota Commits $3.6 Billion to Shift Tacoma Output From Mexico to Texas
Toyota Motor said Monday it will invest $3.6 billion to move production of its Tacoma midsize pickup from a plant in Tijuana, Mexico, to its San Anton
Goldman Sachs Wins $70 Billion in Retirement Mandates From Verizon and Lockheed Martin
Goldman Sachs said Thursday it secured mandates to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin,