Microsoft shares jumped in after-hours trading after the company reported fiscal fourth-quarter results that beat analyst expectations, driven by accelerating growth in its Azure cloud unit and a reassuring outlook on AI spending.
The sandwich chain Jersey Mike's Subs Inc. has priced its initial public offering of nearly 43.5 million shares at $23.00 each, with shares set to begin trading on the NYSE under the ticker 'JMKE'.
The healthcare giant announced a strategic collaboration to develop next-generation immune therapies, making an initial payment of $785 million and securing an exclusive option to acquire the private biotech firm for $2.58 billion.
The UK's top auto industry body reports that a surge in competitively priced Chinese vehicles is forcing established manufacturers to offer significant discounts, contributing to a decline in domestic production.
CFO Sarah Friar reportedly told employees that July's annualized recurring revenue outpaced the company's entire Q2 revenue, signaling accelerating growth driven by new enterprise products and models.
The data center operator's stock fell 3% after its third-quarter revenue guidance missed analyst estimates, despite the company beating Q2 expectations and raising its full-year forecast.
The Pentagon has awarded Lockheed Martin a seven-year contract worth up to $58.6 billion to produce Patriot interceptor missiles, a move aimed at replenishing U.S. stockpiles strained by global conflicts.
Brazil's benchmark stock index, the Bovespa, closed down 1.52% on Wednesday, with significant losses in the financial, real estate, and public utility sectors weighing on the market. The decline occurred even as some commodity-linked stocks posted gains.
Meta Platforms stock plunged in after-hours trading after the company reported a significant second-quarter earnings miss and provided a third-quarter revenue forecast that fell short of Wall Street estimates, fueling concerns over massive spending.
