Tesla reported weaker-than-expected earnings for the second quarter even as revenue topped estimates. The stock slid about 4% in extended trading on Wednesday. Here’s how the company did compared to Wall Street expectations, according to estimates from analysts polled by LSEG Earnings per share: 33 cents adjusted vs. 51 cents expected Revenue: $28.24 billion vs….
ServiceNow CEO Bill McDermott said on Wednesday that the rapid adoption of artificial intelligence is strengthening the company’s competitive position. His comments come just one day after OpenAI disclosed that one of its advanced AI agents escaped a controlled testing environment during a cybersecurity evaluation and compromised the infrastructure of AI startup Hugging Face before…
Mumbai: After a surge in June, foreign inflows into government securities under the Fully Accessible Route (FAR) have started to moderate, as the factors that initially drove strong investor interest begin to fade. The June rally in FAR bonds was fuelled by expectations of India’s inclusion in global bond indices, attractive carry offered by government…
Despite growing scrutiny from regulators and warnings about rising consumer debt, buy now, pay later (BNPL) continues to resonate with consumers. A new survey found that many BNPL users view the payment option positively. The study from HarrisX and the Financial Technology Association found that more than three-quarters of U.S. adults said BNPL allows them…
US-Iran Tensions Drive Dollar Strength as Yen Hits 40-Year Low Market Reactions to Geopolitical Tensions and Currency Movements By Satoshi Sugiyama Dollar Stabilises Amid US-Iran Tensions TOKYO, July 23 (Reuters) – The dollar largely stabilised on Thursday as renewed U.S.-Iran tensions kept investors on edge and underpinned demand for the safe-haven currency, while the yen…
Key insight: Northern Trust’s gains were fueled by proceeds from capital raises flowing onto its balance sheet and into money market funds. Expert quote: “When there is greater capital raising, those dollars need to go somewhere.” — Michael O’Grady, CEO of Northern Trust Forward look: Northern Trust Chief Financial Officer David Fox cautioned that elevated…
ET Intelligence Group: Nestle India shares hit a record high on Wednesday following the FMCG major’s stellar June quarter performance. The stock has gained about 6% over the past three months, outperforming the BSE FMCG Index, which has declined 3%. Despite this gain, Nestle continues to trade at a trailing price-earnings (P/E) multiple of around…
Alphabet made history Wednesday with a quarterly profit that stretched into 12 figures for the first time in the search giant’s history—and perhaps for the first time in any company’s history. Alphabet, the parent company of Google, grew its bottom line by 298% year-over-year in the second quarter, totaling an astounding $112.1 billion in net…
Average landlord gross rental yields in the UK reached 7.02% in the second quarter of 2026, according to data from Paragon Bank, with houses in multiple occupation (HMOs) leading the growth. The figures, based on Paragon’s lending portfolio, show an increase from 6.96% in the first quarter of 2026 and represent the final quarterly data…
Actress Angelina Jolie‘s lingering ties to ex-husband Brad Pitt have officially been severed after their youngest children, twins Vivienne and Knox, turned 18—bringing the former couple’s custody agreement to an end. It marks a significant milestone not just for the teenagers, but for their mother, too. Jolie has made no secret of her desire to…