Business
Chevron Moving Headquarters From California To Texas
Oil titan Chevron announced on Friday that they are moving its headquarters from San Ramon, California to Houston, Texas.
Alphabet
Wall Street mixed as investors weigh GDP data after tech mauling
Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.
AI
Nvidia eclipses Microsoft as world’s most valuable company
Nvidia dethroned tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate AI technology.
adjusted EBITDA
Warner Bros. Discovery Reveals $966M Loss, Impaired By Decreased Ad Sales And Hollywood Strikes
Warner Bros. Discovery posted a steep quarterly loss that was higher than anticipated.
ad revenue
Disney’s surprise streaming entertainment profit offset by weaker TV business
Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office.
Alphabet
AI frenzy puts Nvidia briefly ahead of Amazon in market value
Nvidia briefly surpassed Amazon.com Inc in market capitalization on Monday.
$160
Apple hits seven-week low after Barclays downgrade
Apple fell nearly 3% to a seven-week low after Barclays downgraded the shares on concerns demand for its devices will remain weak in 2024.
AI
Amazon rallies on cloud optimism as it chases Microsoft for AI business
Amazon.com rose 7% on Friday as it aims for a larger share of the booming artificial intelligence market in a race with Microsoft.
Apple's iOS devices
Arm’s shares get helping hand as IPO banks weigh in with ratings
Shares of Arm Holdings rose 3% on Monday after a wave of “buy” ratings from Wall Street analysts.