Shares of ServiceNow rallied after the enterprise software company reported second-quarter results that surpassed analyst expectations and raised its full-year revenue outlook, easing investor concerns about the impact of AI on its business model.
The BIST 100, Turkey's benchmark stock index, closed down 0.63% on Tuesday to reach a new one-month low, pressured by declines in the leasing, paper, and machinery sectors.
Enterprise software and IT services companies saw their shares rise on Tuesday, showing resilience even as the broader Nasdaq Composite faced pressure from concerns surrounding the artificial intelligence sector.
The Warsaw Stock Exchange's benchmark WIG30 index closed with a marginal gain on Tuesday, lifted by technology and developer stocks, even as the majority of listed companies saw declines.
Brady Corp. has successfully sold $800 million in private placement bonds to partially finance its $1.4 billion acquisition of a productivity solutions business from Honeywell International Inc.
Kering's flagship brand Gucci reported a smaller-than-expected sales drop in the second quarter, fueled by strong demand in the United States. The results provide an early sign of progress for the luxury group's ongoing turnaround efforts at the iconic fashion house.
GrubMarket, a software and e-commerce provider for the food industry, has confidentially filed for a US initial public offering following a series of strategic acquisitions and a recent funding round that valued the company at $4.5 billion.
CMS Energy posted lower second-quarter operating income and first-half earnings, citing weather-related expenses, but maintained its full-year 2026 outlook and introduced 2027 guidance slightly below analyst expectations.
Options traders are anticipating a 9.1% swing in Coupang's stock price following its upcoming earnings report on August 4, according to Bloomberg data. Historically, the stock's actual move has exceeded market expectations in three of the last eight quarters.
