DuPont on Wednesday reported another beat-and-raise quarter, continuing a recovery partly driven by growing demand for AI chips — and rewarding our patience with the stock. Net sales in the three months ended June 30 totaled $3.17 billion, topping the $3.05 billion estimate, according to LSEG. Sales rose 2.5%...
AI-generated responses are becoming more common, whether travelers know or not.Westend61 | Getty ImagesAn automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive artificial intelligence could be for the wealth management industry.The service has added more than 22,000 users...
GE Healthcare on Wednesday morning reported a mixed second quarter and shares initially moved sharply lower. The stock then reversed higher as the post-earnings call got underway. Management made it clear that they think that weakness in China is temporary and see many other levers available to grow earnings....
Check out the companies making headlines in midday trading: Pinterest — Shares tumbled 12% after the social media company's forward guidance came in below estimates. The company issued third-quarter revenue guidance in a range between $885 million and $900 million, below the $908.6 million consensus estimate analysts polled by...
Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023.Josh Edelson | AFP | Getty ImagesMeta is slated to report second-quarter earnings on Wednesday after the close of regular trading.Here's what analysts polled by LSEG are...
A Taco Bell fast-food restaurant and drive-thru at dusk in Gastonia, North Carolina.Jeff Greenberg | Universal Images Group | Getty ImagesYum Brands hopes to use artificial intelligence to take down drive-thru orders at hundreds of Taco Bell restaurants by the end of this year.The restaurant company announced on Wednesday...
Delta Air Lines CEO Ed Bastian said Wednesday that the massive IT outage earlier this month that stranded thousands of customers will cost it $500 million.Bastian said the figure includes not just lost revenue but "the tens of millions of dollars per day in compensation and hotels" over a...