The company downgraded its guidance for the second time in six weeks as it announced a restructuring plan.
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Meta’s Elite AI Unit Sparks Tension With Old Guard
An influx of highly paid researchers has created new status divisions, even as some recent hires have already left their jobs.
The tech giant’s latest earnings show how far it has come in becoming an indispensable vendor for the biggest names in artificial intelligence. Now it has its sights set on AI inference.
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Klarna Prices IPO Above Range, Boosting Valuation to $15.1 Billion
The company, which had been planning a listing for years, paused the plans in April amid market uncertainty after the Trump administration’s sweeping tariff announcements.
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Inditex Narrowly Misses Sales Forecasts, But Growth Picks Up After Slowdown
The Zara owner reported first-half sales that fell slightly short of analysts’ projections, but growth accelerated despite fierce competition.
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Japanese Chemical Giants Look to Merge Plastics Businesses to Tackle Industry Woes
Three major chemicals companies in Japan are joining forces in plastics as they look to compete in an industry facing fading demand and oversupply.
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Apple Releases Thinner ‘iPhone Air,’ Seeking to Boost Upgrades With New Design
The tech giant unveiled new phone models with higher prices, potentially offsetting the impact of tariffs.
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Microsoft Cracks Down on Work Speech, Limits Remote Work
The company is tightening controls on workplace discussions and building security following a sit-in Gaza protest.
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DHL Adds to Healthcare Logistics Services With Acquisition
The logistics provider is the latest to bolster services in the growing healthcare distribution market.
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GameStop Sales, Profit Rise on Collectibles and Hardware Growth
The videogame retailer, which is known as the original meme stock, posted a jump is sales and profit, as its bitcoin holdings reached half a billion dollars.
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AeroVironment Boosts Profit Outlook After Revenue More Than Doubles
The defense contractor said it now expects adjusted earnings per share of $3.60 to $3.70 for the current fiscal year, up from its prior outlook of $2.80 to $3.00.
The exchange operator is taking another step into the crypto world with a stake in Gemini, a company backed by the Winkelvoss brothers.
