Microsoft comfortably beat Wall Street estimates on Wednesday, reporting strong Azure cloud growth and better-than-expected profit for the fourth quarter of its 2026 fiscal year.

Microsoft's revenue for the quarter, which ended on June 30, came at $90 billion, beating analysts' estimates by more than $2 billion. Quarterly revenue grew by 18% ...Read more

Starbucks beat analyst projections in its latest quarterly earnings announced Wednesday.

The coffee giant's third quarter, which ended June 28, recorded $9.3 billion in revenue. Analysts had predicted $9.1 billion.

The quarterly revenue is a 1% drop from the same period a year ago.

We have more work to do, but we're relentlessly focused on ...Read more

Boeing may have improperly installed seats in their tracks on more than 1,000 of its 737 Max passenger jets, creating a potential safety risk, according to the Federal Aviation Administration.

Late Monday, the agency proposed requiring U.S. airlines to inspect seats on Boeing 737 Max 8, Max 9 and Max 8200 planes. The seats could disengage from ...Read more

Ford Motor Co. is betting a pick up in pickup production will set the stage in the second half of 2026 for next year when it has major product launches, hopes for trade clarity and the start of a new business vertical.

Second-quarter results that beat Wall Street expectations sent shares of the Dearborn automaker up almost 4% on Wednesday after...Read more

Kevin Warsh’s bare-bones communication style has left investors doubting his commitment to curb inflation, putting more pressure on the new Federal Reserve chairman to back up his words with interest-rate hikes.

Within hours of his press conference following the Fed’s latest policy meeting Wednesday, analysts at JPMorgan Chase & Co. pulled ...Read more

Meta Platforms Inc. gave a disappointing quarterly revenue forecast, stepping up pressure on Chief Executive Officer Mark Zuckerberg to allay investor concerns that the company isn’t swiftly benefiting from its massive outlay on artificial intelligence.

The social media giant also reported the lowest free cash flow in years, a sign of ...Read more

Californian firms still are announcing big layoffs, and this time it is not only tech companies.

Visa announced in a memo to staff on Tuesday that it would be laying off 2,600 employees, or nearly 7% of its workforce. The San Francisco-based card payment company has not confirmed how many affected employees will be from its California offices. ...Read more

NEW YORK — Food delivery workers raked in an additional $104 million in tips after the city started enforcing a law to crack down on “deceptive” tipping practices from delivery apps, Mayor Mamdani said Wednesday.

“The days of City Hall accepting corporate abuse as the cost of doing business here in New York City are over,” Mamdani ...Read more

SiriusXM is leaning into its sporty side.

The satellite radio company is launching a new subscription plan built specifically for sports fans, called the Sports Pass. For $5 a month, listeners will be able to follow live game broadcasts for every home and away game for nearly every major sporting event.

Launching Sept. 1, SiriusXM will offer ...Read more

Moonshot AI secured a $35 billion valuation after raising a larger-than-anticipated $3.5 billion in a just-closed round of financing, riding the momentum from a breakthrough Kimi K3 model that sent ripples through Silicon Valley.

The Beijing-based startup managed to secure far more than the $1 billion to $2 billion it initially targeted, people...Read more

Since the start of the year, four high-speed charging stations have opened in Bentonville, Arkansas, even though the state has been a laggard in transitioning to electric vehicles.

Bentonville, however, is Walmart Inc. country and these are Walmart chargers — three at stores near the company’s headquarters and one at the airport.

In a ...Read more

What will happen to the world if artificial intelligence bots break free from our control and act independently?

While it's been a troubling conundrum addressed by AI experts and Hollywood science-fiction scriptwriters for decades, it may have just happened.

OpenAI said last week that it temporarily lost control of its AI in what some worry ...Read more

Digital payments giant PayPal was soaring high five years ago, riding the surge in online shopping after the COVID-19 pandemic reshaped people's buying habits.

Now the San José fintech company has reportedly become a takeover target as it tries to get more people to click on the PayPal button to purchase items amid fierce competition.

Stripe,...Read more

Retail bettors are piling into long-shot multi-leg bets on prediction-market platforms, opening up a lucrative opportunity for sophisticated traders taking the other side.

Combo wagers, known as parlays in sports gambling, let users bundle multiple outcomes into a single bet. One popular combo for the World Cup final had Spain leading at ...Read more

OAKLAND COUNTY, Michigan ― Tesla is expanding its Robotaxi rideshare service to include Florida, Texas, and California as it competes with Alphabet’s Waymo, Amazon’s Zoox, and other autonomous rideshare services. But consumers are already buying retail Teslas to self-drive them in cities across the US.

Senior citizens most notably.

...Read more

As Maryland grapples with soaring electricity demand and rising energy costs, a Rockville-based nuclear company is betting that a new generation of small reactors could eventually help power the state — even as its first projects are being developed hundreds of miles away.

X-Energy Inc., with a Rockville headquarters and Frederick testing ...Read more

The Hollywood Foreign Press Association, the group that originally founded the Golden Globe Awards, filed an antitrust lawsuit against media mogul Jay Penske, Penske Media Corp., the Golden Globe Foundation and others, over the acquisition of the popular award show.

The suit filed in the United States District Court for the Central District of ...Read more

Ford Motor Co. is recalling almost 80,000 SUVs for an issue where an unoccupied driver's seat may unexpectedly recline and trap a passenger.

The Dearborn, Michigan, automaker has issued the recall on certain 2026-27 Explorers and Lincoln Aviators. A remedy is under development, and it's unclear when a fix will be made available. A trapped ...Read more

Nevada casinos finished the 2025-26 fiscal year 2.6 percent ahead of last year’s gaming win totals despite a flat performance in June, the Nevada Gaming Control Board reported Tuesday.

An industry analyst contends that baccarat play, the highly volatile table game favored by high-rollers, may have been affected in Nevada by players being ...Read more