Eni’s adjusted net profit surged 106% year-on-year in Q2 2026, driven by tax benefits and higher LNG margins. Eni posted a 106% year-on-year increase in adjusted net profit to €2.33bn ($2.65bn) in Q2 2026, up from €1.13bn in the same period last year. The company cited a l
Semiconductor stocks extend losses as SK Hynix’s $31 billion spending plan fuels concerns over AI demand sustainability. SK Hynix shares fell sharply after the company announced a 50% increase in capital expenditures to at least $31 billion this year. The move aims to meet
AeroVironment teams with Applied Intuition to enhance its Mayhem 10 system with AI-driven autonomy for military applications. AeroVironment (AVAV) has entered a strategic partnership with Applied Intuition to incorporate AI-powered autonomy into its Mayhem 10 launched effe
BofA and Citi upgrade Humana and Ford respectively, citing margin improvements and momentum shifts, while Caterpillar faces a downgrade. BofA upgraded Humana to Buy with a $500 price target, up from $410, after the firm noted Medicare Advantage margins could reach nearly 2
DoorDash gains regulatory approval for commercial drone deliveries DoorDash has obtained U.S. regulatory approval to operate drone deliveries commercially. The company's shares rose about 1.7% in early trading on Wednesday following the announcement. The approval
Cathie Wood's firm increases stakes in SpaceX and other space stocks as SpaceX shares fall over 50% from recent highs. ARK Invest, led by Cathie Wood, purchased millions of shares in SpaceX, Rocket Lab, Kratos Defense, and Intuitive Machines on Tuesday. The firm also added
VF Corporation raised its full-year revenue growth forecast to at least 2% after first-quarter revenue declined 5% to $1.67 billion. VF Corporation revised its full-year revenue guidance upward, now expecting at least 2% growth on a constant-currency basis, up from a prior
Netflix reported 13.4% year-over-year revenue growth but fell short of Wall Street forecasts, signaling a shift to slower expansion. Netflix posted second-quarter revenue of $12.6 billion, up 13.4% from the prior year but below analyst expectations. The miss triggered an i
Cathie Wood's Ark Invest purchased Nvidia stock across five ETFs amid a 10-week decline and market cap shift to AAPL. Ark Invest CEO Cathie Wood has acquired Nvidia (NVDA) shares for all five of the firm’s largest exchange-traded funds. The purchases follow a 17% drop in N
The $65 billion merger includes protections for European and UK employees, extending beyond legal requirements until mid-2029. Unilever will guarantee employment terms for 4,800 workers in its European and British food business for two years following its $65 billion merge
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