Meta’s Reality Labs posts $4.53 billion loss in second quarter
Meta’s Reality Labs posts $4.53 billion loss in second quarter ...
Economy
Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club
Based on its post-market trading, Microsoft has become the world's second $4 trillion company following quarterly earnings. ...
Cash App opens up to Apple Pay and Google Pay for the first time
PayPal’s Venmo continues to gain ground, reporting more than 20% year-over-year revenue growth in the second quarter. ...
Boeing slashes losses as CEO touts ‘our turnaround year’
Boeing slashed its quarterly losses as sales jumped after it delivered the most airplanes since 2018. ...
Apple opens manufacturing academy in Detroit as Trump ramps up pressure to invest in U.S.
The Apple Manufacturing Academy is opening in downtown Detroit, with a focus on artificial intelligence. ...
Bessent, Warsh, Hassett are the leading contenders to get Fed chair job, CNBC survey finds
It's a virtual three-way tie to replace Fed Chair Jerome Powell as Fed chair when his term expires. ...
Novo Nordisk shares plunge 20% after Wegovy maker names new CEO, cuts full-year guidance
Danish pharmaceutical giant Novo Nordisk on Tuesday named its new CEO and cut its full-year sales and profit guidance. ...
How the U.S.-EU trade deal impacts America’s imports overall: Tariff simulator
A tariff simulator shows a dramatic drop in global exports to the U.S. as a result of Trump's new trade…
‘He’s showing up.’ Things are getting better at Boeing under CEO Ortberg. Can he keep it going?
Wall Street analysts expect the aircraft manufacturer to halve its second-quarter losses from a year ago when it reports earnings…