Amazon Earnings Preview: AWS Momentum and Project Kuiper in Focus
Investors are closely watching Amazon's upcoming Q2 earnings on July 30, with a focus on growth in its AWS cloud division and milestones for its Project Kuiper satellite initiative.
Latest by Marcus Chen
KKR Stock Slides on Report of Distressed China Property Sale
Shares of KKR & Co. declined after a report revealed the investment firm is seeking to sell a portfolio of Chinese commercial real estate at significant discounts, underscoring the severe downturn in that market.
Moody's Upgrades Fortinet Credit Rating to A3 on Strong Execution and Financials
Moody's Ratings raised Fortinet's senior unsecured notes rating to A3 from Baa1, citing the cybersecurity firm's strong track record, conservative financial policies, and robust growth prospects.
Blackstone Shares Fall on Analyst Cuts, Sector Weakness Ahead of Earnings
Shares of the alternative asset manager slid more than 2% as investors reacted to a series of analyst price target reductions and broader weakness across the private equity sector ahead of its quarterly results.
Zelenskiy Meets Military Commanders Amid Protests Over Defense Leadership
Ukrainian President Volodymyr Zelenskiy held meetings with top military officers following days of street protests against the dismissal of a popular defence minister and calls for the removal of the army's commander-in-chief.
Federal Judge Temporarily Halts Paramount's $110 Billion Warner Bros. Discovery Merger
A U.S. District Court has granted a temporary pause on Paramount's proposed $110 billion acquisition of Warner Bros. Discovery after a coalition of states filed a lawsuit citing antitrust concerns. The decision puts a significant hurdle in front of the planned media mega-merger.
IP Group Rejects £630 Million Takeover Bid From Top Shareholder Railpen
The board of the London-listed science and technology investor said the 71.3 pence-per-share proposal from the railway pension fund significantly undervalues the company and its growth prospects.
Archer Aviation Stock Soars on Military Drone Debut and Commercial Updates
Shares of the eVTOL developer surged after it unveiled a new autonomous attack aircraft with defense partner Anduril and signaled the imminent announcement of its first commercial customers.
Chevron Halts Production at Gulf of Mexico Platform Ahead of Tropical Storm
Chevron has shut down its Petronius platform in the Gulf of Mexico and evacuated personnel as a precautionary measure against the approaching Tropical Depression Two.