Bank of America reported second-quarter net income of $9.1 billion, up 27% from a year earlier, as a record quarter for its stock-trading desk and a rebound in dealmaking drove revenue to $31.6 billion, up 15%. Diluted earnings per share came in at $1.21, up 34% from the y
July 14 Flex, an AI startup pitching itself as a one-stop shop for the banking needs of mid-sized business owners, said it raised $70 million in a round led by Halo Fund, a venture firm co-founded by Utah Jazz owner Ryan Smith and Accel partner Ryan Sweeney. The company di
Nu Holdings Ltd. (NYSE:NU) is one of the 10 Most Promising Fintech Stocks to Buy Now. On June 26, Needham initiated coverage on Nu Holdings Ltd. (NYSE:NU), giving the stock a Buy rating and setting the price target at $17 The research firm pointed out that the compa
Mastercard Incorporated (NYSE:MA) is one of the 10 Most Promising Fintech Stocks to Buy Now. On July 8, Barclays initiated coverage of Mastercard Incorporated (NYSE:MA), giving the stock an Overweight rating and a price target of $640 The research firm said that aft
America's Car-Mart reports a $4.04 per-share loss for Q4, missing expectations as revenue falls 18.2% year-over-year. America's Car-Mart posted a Q4 non-GAAP loss of $4.04 per share, missing estimates by $3.45. Revenue declined 18.2% year-over-year to $302.83 million, fall
Alphabet’s stock growth under Sundar Pichai outpaced the S&P 500, driven by AI and cloud expansion despite high capex and antitrust risks. A $10,000 investment in Alphabet (GOOGL) when Sundar Pichai became CEO on August 10, 2015, is now worth approximately $117,000, nearly
GS posts $20.98 EPS and $20.34 billion revenue, topping estimates by $6.44 and $3.94 billion respectively. Goldman Sachs reported second-quarter GAAP earnings per share of $20.98, exceeding estimates by $6.44. Revenue reached $20.34 billion, up 39.5% year-over-year and $3.
Rivian launches 75M share offering to fund equity co-investment as R2 deliveries begin, weighing on stock price. Rivian Automotive (RIVN) announced a 75M share equity offering at $15.50 per share, raising approximately $1.16B. Proceeds will fund equity co-investment as the
TOKYO — Worries about a bubble in artificial intelligence investments are absurd, SoftBank Group's CEO Masayoshi Son said Tuesday, deriding such doubts as backward and akin to questioning the use of cars and planes. "To ask whether AI is a bubble is a foolish question," Son told...</stron
Deal adds 5GW of solar and wind capacity to Aditya Birla Renewables' portfolio, expanding its total to 9.3GWp in India. Aditya Birla Renewables, a subsidiary of Grasim Industries, agreed to acquire Shell's Sprng Energy for $1.8bn, including debt. The transaction covers ful
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