Business Trends
Boeing secured a more than $20 billion U.S. Navy contract to develop the F/A-XX sixth-generation fighter, giving the company both major U.S. next-generation fighter programs as it works to improve its defense business.
Innovation & Tech
Hewlett Packard Enterprise raised its networking growth outlook and secured the first major order for its AMD Helios AI Rack systems. The $1.2 billion Vultr deal highlights HPE’s expanding role in the infrastructure behind AI computing.
Anthropic reveals the scale of AI economics, AMD expands into physical AI, and CarMax shows measurable progress in its turnaround.
Innovation & Tech
OpenAI’s revenue run rate is approaching $70 billion as enterprise demand accelerates, adding another dimension to the coming AI IPO wave. Rapid growth at OpenAI and Anthropic is increasingly being weighed against enormous spending, losses and safety concerns.
Business Trends
Iovance raised its 2026 revenue outlook as demand for Amtagvi and Proleukin strengthens, sending the biotech stock sharply higher and putting greater attention on commercial execution and its expanding cancer pipeline.
Innovation & Tech
AMD is acquiring World Labs for about $8.2 billion, bringing pioneering AI researcher Fei-Fei Li inside the company as it expands beyond chips and deeper into the models shaping robotics, simulation and physical AI.
Earnings
Jefferies delivered record investment banking and equities results, but weaker fixed-income trading and asset management tempered the quarter. The divergence offers an early look at the forces shaping Wall Street earnings.
Earnings
Carnival delivered record quarterly revenue and stronger-than-expected earnings as cruise demand remained firm despite higher fuel costs. Record bookings for 2027 and stronger early 2028 trends added to the positive investor reaction.
Earnings
CarMax delivered a stronger fiscal second quarter as used-vehicle sales accelerated, earnings exceeded expectations and operating efficiency improved. Management also plans to restart share repurchases, adding another sign of confidence in its turnaround.
Innovation & Tech
Anthropic’s IPO prospectus pairs explosive revenue growth with enormous infrastructure commitments, mounting safety concerns and a potential $2 trillion valuation, offering investors a rare look inside the economics of the AI industry.
Innovation & Tech
Nvidia authorized an additional $150 billion in share repurchases, lifting its remaining buyback capacity to $235 billion. Shares rose nearly 3% as the AI chip leader paired its record capital-return plan with a new platform focused on AI agent safety.
Business Trends
MongoDB shares plunged about 20% after CEO CJ Desai abruptly left to lead Meta’s new Enterprise Platform. The departure, one day before MongoDB’s Investor Day, shifted attention from improving business momentum to leadership and execution risk.