SpaceX Revenue Could Reach $1 Trillion, Elon Musk Says
The company's first earnings report as a public company shows a surge in revenue and the tab for capital expenditures.
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Paramount's Streaming Growth Continues Amid Legal Challenges to Warner Deal
Paramount's streaming service continued to grow in the latest quarter, helping to narrowly offset another sales decline for its television unit.
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AMD Shares Fall 8% as Elon Musk Commits to Nvidia Chips for SpaceX
The company's sales to data centers doubled in the latest quarter, but its revenue only narrowly beat analysts' estimates.
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OpenAI Calls Apple's Trade-Secret Suit 'Careless' and 'Oddly Personal'
Apple asked the court for a preliminary injunction, and OpenAI followed up by alleging the iPhone maker was sloppy about security.
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Booking Holdings Reports Higher Revenue on Strong Travel Demand
The online travel agency had cut its full-year outlook in April, projecting that travel demand in some regions would suffer from the conflict in the Middle East.
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Amgen Lifts Outlook on Strong Drug Sales, to End Early Development of Obesity Treatment
The biotechnology company now expects full-year revenue between $38.2 billion and $39.4 billion, but said it was halting the development of a potential obesity treatment currently in a phase 1 study.
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Gilead Sciences Swings to Loss on R&D Costs as HIV-Drug Sales Lift Revenue
The biopharmaceutical company lowered its full-year forecast for Veklury after sales of the Covid-19 treatment fell 81% in the second quarter.
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Mattel Sales Climb, But Higher Expenses Weigh on Profit
The toymaker posted a loss of $18.2 million, which it attributed to higher advertising costs and selling, general and administrative expenses.
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Pinterest Sales Climb on Traction With Gen Z
The company logged a second-quarter loss of $46.7 million due to higher costs, even as its sales rose 18% thanks to record monthly active users.
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Lucid Posts Wider Loss Amid Growing Competition, EV Downturn
The EV maker posted a wider loss in its second quarter on charges related to job cuts, as the company continues to struggle with competition and a wider downturn for electric vehicle demand.
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Match Group Revenue Ticks Down as Tinder Continues to Weigh on Results
The dating app company's second-quarter profit came in at $170.5 million, but revenue fell 1%, weighed down by sluggish results for Tinder.
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Wynn Resorts Second-Quarter Revenue Rises on Demand from Wealthy Customers
Wynn's second-quarter profit came in at $140.1 million, compared with a profit of $66.2 million a year earlier.
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Chipotle Stock Tanks on Potential Salmonella Outbreak Tied to Jalapeños
Minnesota officials said Chipotle has fully cooperated with the investigation and they are no longer concerned about continued exposure.
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Wegovy-Maker Novo Nordisk Raises Full-Year Guidance
The Danish drugmaker said annual sales and operating profit should fall less than it previously expected as demand for weight-loss drugs shows no sign of abating.
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P&G Agrees to Buy Supplements Maker for $3.8 Billion
The consumer-goods giant will buy Thorne to bolster its presence in the beauty and wellness industry.
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McDonald's Aims to Improve Service and Food, and Chose a New U.S. Boss to Help
Skye Anderson takes over as U.S. president after growth in domestic business stalls. Joe Erlinger, who previously held the role, will depart.
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New Jersey Sues Amazon, Alleging Delivery Network Illegally Suppresses Wages
The lawsuit alleges Amazon violated federal and state antitrust laws through its Delivery Service Partner program, arguing the company exercises unlawful "monopsony," or a dominant buyer's ability to dictate prices and terms-over the small businesses that deliver Amazon packages and the drivers they employ.
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Pfizer's Quarterly Results Beat Expectations on Cancer, Heart Drugs
Rising sales of drugs for cancer and heart disease helped offset steep declines for Pfizer's Covid-19 products.
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Caterpillar Says the AI Boom Continues to Drive Construction Demand
Caterpillar said the artificial intelligence boom continues to drive demand for its engines and generators, while healthy construction spending is spurring sales of its dump trucks, bulldozers and excavators.