PM lowers adjusted EPS guidance for 2026 to $8.31-$8.46, citing a $500 million impairment charge and currency headwinds. Philip Morris International reduced its 2026 adjusted earnings-per-share forecast to $8.31-$8.46, down from the prior $8.36-$8.51 range. The revision re
Alphabet’s $80 billion capital raise to expand AI infrastructure lifts Broadcom, a key supplier of custom AI chips for Google. Broadcom shares surged over 6% in premarket trading after Alphabet announced an $80 billion equity capital raise to bolster its artificial intelli
The deal strengthens Wipro’s foothold in AI-driven insurtech services for the property and casualty insurance sector. Wipro IT Services, a subsidiary of Indian tech firm Wipro, will acquire an additional 20% stake in US-based insurtech Aggne Global for $28.5m in cash. The
Quarterly revenue reached $1.6 billion, beating estimates as comparable sales rose 13 percent under new leadership. Victoria’s Secret reported a 15 percent jump in first-quarter sales to $1.6 billion, exceeding the 12.7 percent growth analysts expected. Comparable sales cl
Investors weigh rising capital demands for AI infrastructure after Alphabet announces an $80 billion stock offering to expand capacity. Oracle shares fell 4.2% in premarket trading Tuesday as investors reassessed the financial impact of escalating AI infrastructure costs.
Berkshire's first major acquisition under CEO Greg Abel signals long-term confidence in housing despite weak near-term data. Berkshire Hathaway agreed to acquire homebuilder Taylor Morrison for $72.50 per share in a $6.8 billion cash deal, valuing the company at $8.5 billi
Alphabet Launches $80 Billion Capital Raise to Fund AI Expansion with Berkshire Hathaway Support (GOOG) Alphabet Inc. (NASDAQ:GOOG) has announced plans to raise $80 billion in new equity capital as the company ramps up investment in artificial intelligence infrastructure to meet...</stron
DG boosts full-year profit guidance after Q1 sales climb 3.4% to $10.8B, offsetting mixed earnings results. Dollar General shares advanced in early trading after the retailer raised its full-year profit forecast despite a mixed first-quarter earnings report. Sales for the
Former President Trump demands an in-person audit of U.S. gold holdings at Fort Knox, citing concerns over transparency and a recent $40M gold seizure. Former President Donald Trump has renewed calls for a physical audit of Fort Knox, the U.S. Bullion Depository, following
The acquisition integrates Vinli’s AI and data platforms to enhance Sofico’s contract management software for leasing companies. Sofico, a provider of contract management software for automotive finance and leasing, has acquired Vinli, a U.S.-based automotive AI firm. The
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