Imperial Brands to Launch $2 Billion Buyback
The tobacco company expects to meet its targets for the fiscal year through September, and set out plans to buy back in shares in fiscal 2027.
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Oracle, Broadcom and SpaceX Seek Blockbuster Debt Deals to Pay for AI Chips
Apollo, Blackstone and Goldman Sachs are among the lenders in talks to finance megadeals worth tens of billions of dollars apiece.
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Samsung Expects Operating Profit to Exceed $80 Billion For First Time
The memory giant remains a key beneficiary of global demand for advanced chips as companies invest heavily in AI infrastructure and applications.
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The AI Price War Is Heating Up-and OpenAI Is Gaining Ground on Anthropic
Both companies need to show Wall Street they have sustainable businesses ahead of planned IPOs.
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Fired OpenAI Researchers Ask Company to Preserve Visibility Into AI Reasoning
In a letter to the board, recently terminated employees ask the industry not to move forward with work that would degrade the ability to monitor AI.
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Microsoft and Nvidia Unveil AI-Centric Laptop and 'Hybrid Intelligence'
The move gives Nvidia an important foothold in the PC market while Microsoft seeks to target AI power users while promising lower AI expenditure for users.
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Wolfspeed Stock Soars on Financing Deal with Pentagon
The Pentagon is providing more capital to ensure strong domestic supply of key materials.
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Applied Digital's Earnings Show Its Data Center Bet Is Starting to Pay Off
Applied Digital reported a 322% year-over-year jump in revenue.
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Pepsi Earnings Are All About the Turnaround Plan
PepsiCo's plan includes cutting nearly 20% of its U.S. products and reviewing its North American supply chain and distribution network.
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How Mattel Blew Its Barbie Moment and What Comes Next for the Stock
The toy maker faces a falling stock, a departed CEO, and shareholder activists pushing for a sale.
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Ripple, Crypto's Payments Giant, Breaks Into Wall Street
The crypto firm is emerging as a serious player in financing leveraged ETFs, a lucrative business long dominated by big banks.
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Levi Strauss Uses Tariff Refunds to Rekindle Consumer Business
Levi's direct-to-consumer business fell short of internal expectations in the third quarter due to lower sales in the U.S. and Europe, Chief Executive Michelle Gass said.