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Check out the companies that made the biggest moves at midday: Calix — Shares of the AI and cloud platform fell 16% after the company warned of margin headwinds this year, overshadowing its better-than-expected first-quarter results. TE Connectivity — Shares of the electrical components maker fell 12% after the company’s third-quarter outlook disappointed investors. TE expects adjusted earnings per share of $2.83 and revenue of $5 billion. Both numbers are roughly in line with the FactSet consensus numbers. Sonoco Products — Shares of the steel and aerosol can maker fell more than 15% after the company said it was targeting…
IBM CEO Arvind Krishna attends a Diwali celebration in the Oval Office of the White House on October 21, 2025 in Washington.Alison Robert | Alison Robert Bloomberg | Getty ImagesIBM Shares fell 6% in after-hours trading Wednesday after the hardware, software and consulting company reported better-than-expected first-quarter results but maintained its full-year outlook.Here’s how the company performed compared to the LSEG consensus:Earnings per share: $1.91 adjusted vs. $1.81 expected Revenue: $15.92 billion vs. $15.62 billion expectedIBM’s revenue for the quarter increased 9% from a year earlier, the statement said. Net income was $1.22 billion ($1.28 per share), up from $1.06…
Rights activists have accused the Trump administration of using deportations to third countries to intimidate asylum seekers and immigrants.Published April 22, 2026April 22, 2026Fifteen South American migrants and asylum seekers recently deported from the United States to the Democratic Republic of the Congo (DRC) say they are under pressure to return to their country of origin despite concerns for their safety.Women from Colombia, Peru and Ecuador told Reuters they had been given no credible option but to return to their home countries since being deported to the central African country last week.Recommended stories list of 3 itemsend of list”I feel…
It wasn’t a great game, but Manchester City won 1-0 at Turf Moor and moved to the top of the Premier League. The result saw title rivals Arsenal fall from the top of the table and Burnley relegated to the Championship.Josep Guardiola’s side have led Arsenal in goals scored this season and have found the back of the net three more times this season, but they will head home disappointed that they were unable to build a bigger advantage on goal difference with 28 shots on goal. City seized momentum in the title race with a thrilling win against Arsenal…
Google Cloud announced Wednesday that its 8th generation of custom-built AI chips, or tensor processing units (TPUs), will be split in two. One chip, named TPU 8t, is dedicated to model training, and the other chip, TPU 8i, is intended for inference. Inference is the continued use of the model, what happens after the user submits the prompt. As you might expect, the company is touting the superior performance specs of these new TPUs compared to the previous generation. This means you can train AI models up to 3x faster, get 80% more performance per dollar, and have over 1…
Joe Radle | Getty ImagesThe risk-on rally that started last month as a rally in semiconductors and small-cap stocks is now in full swing with “animal spirits.” Bitcoin is on track to exceed $80,000 for the first time since February, and options trading volume for crypto-related stocks such as Strategy and Coinbase has exploded.michael saylor’s strategy is up 9%, with call buying increasing across the options chain, with call volume outnumbering 5-to-1 in early trading. The most popular contract is the April 24th $180 strike call. With the stock trading at around $177, these near-at-the-money contracts suggest a 50-50 chance…
Bill McDermott, CEO of ServiceNow Inc., at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 10, 2025.David Paul Morris | Bloomberg | Getty ImagesServiceNow reported first-quarter results Wednesday that narrowly beat Wall Street expectations, but the company said the Middle East conflict was hurting subscription revenue.Here’s how the company performed compared to LSEG estimates:Earnings per share: 97 cents adjusted, 96 cents expected; Revenue: $3.77 billion, $3.74 billion expected.Revenue for the quarter was up 22% year-over-year. The company’s net income was $469 million, or 45 cents per share, up slightly from $460 million, or 44 cents…
Hours before SpaceX announced a deal giving it an option to acquire Cursor, a maker of AI-powered coding software, for $60 billion, Cursor was expected to close a $2 billion funding round later this week, according to people familiar with the matter. This round would have valued the company at $50 billion. SpaceX said it would either buy the company sometime later this year or pay Cursor $10 billion to help develop AI. Cursor is apparently running a parallel process, negotiating a potential acquisition by SpaceX while also finalizing a private funding round with investors including Andreessen Horowitz, Thrive, Nvidia…
Tourists and visitors walk around the Sheikh Zayed Grand Mosque, the largest mosque in the United Arab Emirates, an important place of daily prayer in Abu Dhabi, United Arab Emirates. It has 82 domes of 7 different sizes and 4 minarets, with a large parking lot and shopping mall below.Andrew Aitchison | In Photo | Getty ImagesThe US government’s consideration of the United Arab Emirates’ financial lifeline raises larger questions about what lies in store for the burgeoning post-war Middle East economy. The UAE has spent decades building one of the world’s most resilient tourism economies, built on global connectivity…
IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas on March 11, 2025.Andy Wenstrand | Sxsw Conference & Festival | Getty Imagesinternational business machine CEO Arvind Krishna told CNBC on Wednesday that the company is operating cautiously due to the Iran war and other geopolitical uncertainties.IBM beat analysts’ first-quarter profit estimates on revenue and bottom line, but maintained its outlook due to macro uncertainty.”If inflation goes up, will we have a problem with oil? Will it cause people to spend a little bit less? Even if they spend a little less, that doesn’t directly affect me, but…