Block Raises 2026 Outlook as Cash App Lending and Square Payments Accelerate
Block, the payments company founded by Jack Dorsey, has told investors that both of its main businesses are growing faster. The owner of Cash App...
Author : Rohan Kumar
Super Micro Quadruples Quarterly Revenue to $19.9 Billion and Lifts Full-Year Outlook on AI Server Demand
Super Micro Computer has delivered one of the most striking quarters of the AI era. The server maker reported record first-quarter sales of $19.9 billion,...
Binance Reopens Withdrawals After Record $6.3 Billion Hack as Founder Warns of AI-Driven Attacks
Binance, the world’s largest cryptocurrency exchange, says it has absorbed the biggest theft in the industry’s history without leaving a single customer out of pocket....
Gold Climbs Back Above $4,000 as the Dollar Slides to a Five-Week Low After US Midterms
Gold has reclaimed the $4,000 mark. The precious metal jumped more than 2% on Wednesday as the US dollar weakened and Treasury yields fell after...
Asian Markets Whipsaw After Democrats Win Congress as Investors Weigh the Risk to the AI Boom
Asian stock markets lurched through a volatile Wednesday as results from the US midterm elections came in. Democrats won majorities in both chambers of Congress,...
Shopify Shares Tumble After Third-Quarter Sales and Merchant Volume Fall Short of Estimates
Shopify delivered another quarter of fast growth, yet its shares fell sharply on Tuesday. A narrow miss on gross merchandise volume and subscription profit was...
Meta Raises $15 Billion in Bond Sale as Investors Demand Higher Yields for AI Debt
Meta Platforms has raised $15 billion in the bond market to pay for artificial intelligence infrastructure, but the deal revealed a shift in mood. Investors...
Pfizer Lifts 2026 Outlook as New Medicines Offset Collapse in COVID Sales
Pfizer has told investors it expects a stronger year than it previously predicted, as sales of newer medicines helped offset a collapse in demand for...
AMD Forecasts 80% Revenue Growth in 2027 as Data Center Sales Nearly Double
AMD delivered the kind of results that the chip sector badly needed. The company beat third-quarter estimates, guided fourth-quarter sales well above forecasts and told...
Wall Street Snaps Its Losing Streak on Election Day as Chip Stocks Bounce Back
Wall Street ended Tuesday’s Election Day session with a split verdict. A rebound in semiconductor shares lifted the S&P 500 and Nasdaq to their first...