A New York judge has denied a motion to dismiss a lawsuit from the state's attorney general, allowing a case that accuses Zelle's parent company of enabling over $1 billion in consumer fraud to proceed.
Shares of the sports betting company slid after several major banks, including Bank of America and Deutsche Bank, cut their second-quarter profit estimates, citing unfavorable sports outcomes and rising investment costs.
Shares of the enterprise software firm fell as investors reduced exposure ahead of its second-quarter earnings report, pressured by recent bearish analyst ratings and a history of post-earnings drops.
Shares of Reddit Inc. fell sharply after a report suggested the company may block Google from using its content for AI training, raising concerns about a key $60 million annual revenue stream and prompting a sell-off ahead of its quarterly earnings.
Private equity firm Platinum Equity is reportedly close to acquiring a 50% stake in Nestle's European water business, a deal that would value the joint venture at nearly €5 billion, according to the Financial Times.
As Cisco prepares to report earnings, investors are weighing the company's surging AI-driven orders against a stretched valuation and weakness in its traditional business segments. The upcoming report is seen as a key test of whether the tech giant can sustain its high-growth narrative.
AT&T reported second-quarter results that surpassed profit forecasts, driven by record fiber subscriber additions and strong wireless growth, sending its shares higher despite a minor revenue shortfall.
Shares of the biotechnology company rose sharply after it reported a high response rate for its drug candidate emavusertib in a lymphoma trial and increased enrollment guidance for a leukemia study.
Shares of Corning Inc. have plunged approximately 40% from their all-time high, sparking a debate on Wall Street over the company's valuation as investors await its crucial July 28 earnings report.
