Wall Street Wobbles as Big Tech Earnings Disappoint and U.S.–China Tensions Escalate
Stocks slipped this week after mixed earnings from Apple, Microsoft, and other tech giants sparked fears of slowing AI growth. New U.S. restrictions on chip exports to China added more pressure, shaki...
30 Loka 20257min
Baxter’s Profits Smashed by Hurricane Helene—Medical Supply Chain in Chaos
Baxter International slashed its annual profit forecast after Hurricane Helene crippled key manufacturing plants, disrupting production of vital hospital supplies. The company’s stock plunged as inves...
30 Loka 20258min
Stocks Slide as Powell Warns ‘Higher for Longer’—Tech Giants’ Mixed Earnings Rattle Wall Street
U.S. markets opened lower after Fed Chair Jerome Powell signaled interest rates may stay elevated, shaking investor confidence. Mixed earnings from Amazon, Apple, and Meta added to volatility, raising...
30 Loka 20257min
Xcel Energy’s Profit Shock: Rising Interest Rates and Costs Hit Utility Giant Hard
Xcel Energy missed quarterly profit estimates as soaring interest expenses and maintenance costs cut into earnings. The results highlight how even stable U.S. utilities are feeling the strain of high ...
30 Loka 20257min
AI Data Centers Trigger U.S. Power Boom as Quanta Services Surges Past $23 Billion Forecast
Quanta Services has raised its annual revenue outlook after soaring demand from AI-driven data centers and federal infrastructure projects pushed its backlog to record highs. The Texas-based grid buil...
30 Loka 20258min
Eli Lilly Shocks Wall Street: Global Demand for Weight-Loss Drugs Sends Forecast Soaring!
Eli Lilly has raised its full-year forecast after unprecedented international demand for its hit weight-loss and diabetes drugs, Mounjaro and Zepbound. The pharmaceutical giant’s booming sales and rap...
30 Loka 20257min
Mastercard Stuns Wall Street: AI-Powered Payments Surge as Consumers Keep Spending
Mastercard beat profit estimates this quarter as transaction volumes and cross-border spending stayed strong, signaling resilient consumer demand. The company credited AI-driven fraud prevention and b...
30 Loka 20259min
AI Travel Startup Navan Soars with $923 Million Nasdaq IPO, Valued at $12 Billion
AI-powered travel and expense platform Navan debuted on the Nasdaq with a $923 million IPO, marking one of the largest tech listings of the year. The company—formerly TripActions—uses artificial intel...
30 Loka 20258min
