Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta is set to report its second-quarter earnings on Wednesday, with analysts eyeing any changes to the company’s costs and related guidance amid CEO Mark Zuckerberg’s recent artificial intelligence hiring blitz. Here’s what analysts polled by LSEG are expecting: Earnings per…
Andy Wiederhorn, former Fatburger CEO. CNBC The Justice Department is dropping its case against Fat Brands and its chair Andy Wiederhorn. In May 2024, the company and Wiederhorn were indicted by a federal grand jury in Los Angeles on charges of wire fraud, tax evasion and other counts related to what prosecutors alleged was a…
Check out the companies making the biggest moves midday: Harley-Davidson — The motorcycle manufacturer rallied 16% after the company announced a partnership between its financing arm and private asset manager KKR as well as Pimco. “This partnership transforms [Harley-Davidson Financial Services] into a capital-light financing business through the sale of existing and future retail loans…
Meta CEO Mark Zuckerberg published a letter outlining his vision for “personal superintelligence” Wednesday, giving investors a glimpse into his artificial intelligence strategy ahead of Meta’s second-quarter earnings report. The company has shelled out billions of dollars hiring top AI researchers and engineers in recent weeks, and Wall Street will be listening for what Zuckerberg…
ScreenX is the world’s first multi-projection cinema with an immersive 270 degree field of view. CJ 4DPLEX Singing witches and blue aliens are set to hit the big screen before the end of the year and bring in droves of moviegoers. Cinemark is preparing for the high demand by adding more unique premium screens to…
Microsoft is slated to release fiscal fourth-quarter results after the stock market’s closing bell Wednesday, and most analysts are expecting another stellar quarter from the tech old guard. An LSEG survey shows that analysts, on average, anticipate that the “Magnificent Seven” member will earn $3.37 per share on $73.807 billion revenue. Those results would correspond…
Piotr Swat | Lightrocket | Getty Images Palo Alto Networks will take over Israeli identity security provider CyberArk in a deal valued at roughly $25 billion. The California-based cybersecurity company will pay shareholders $45 apiece for 2.2005 shares of CyberArk, representing a 26% premium to its share price Friday. The deal is expected to close…
Two architecture teachers discuss a student’s final project work. Erdark | E+ | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors…
Check out the companies making headlines before the bell. Starbucks — The coffee chain jumped more than 4% after CEO Brian Niccol said the company’s turnaround plan was ahead of schedule. On top of that, Starbucks reported fiscal third-quarter revenue of $9.5 billion, beating an LSEG consensus estimate of $9.31 billion. HSBC — Shares dipped…
U.S. President Donald Trump gestures before boarding Air Force One as he returns to Washington, D.C., in Lossiemouth, Scotland, Britain, July 29, 2025. Evelyn Hockstein | Reuters President Donald Trump said that he will not extend Friday’s deadline for his “reciprocal” tariffs on dozens of countries to restart. “THE AUGUST FIRST DEADLINE IS THE AUGUST…
