Amazon (AMZN) and Meta (META) led the “Magnificent Seven” Big Tech stock surge Monday afternoon after the US and China announced a temporary trade war truce. Amazon shares rose 8.1%, while Meta spiked 7.9%. Tesla (TSLA) stock jumped 6.8%, pushing …
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Technology
Bundled Strategy and Efficiency Measures Take Center Stage
Cable, internet, and telephone services provider Charter (NASDAQ:CHTR) met Wall Street’s revenue expectations in Q1 CY2025, but sales were flat year on year at $13.74 billion. Its non-GAAP profit of $8.42 per share was 2% below analysts’ consensus estimates. Is …
At Mastercard, AI is helping to power fraud-detection systems
Getty Images; Karan Singh for BI Mastercard is using AI to help detect and prevent credit card fraud. The company says the tech can flag unusual patterns and block fraudulent transactions. This article is part of “AI in Action,” a …
Blackstone in talks to buy utility TXNM, source says
(Reuters) – The infrastructure investing arm of asset manager Blackstone is in talks to buy New Mexico and Texas-focused utility TXNM Energy, a person familiar with the matter said on Monday. Conversations between Blackstone Infrastructure Partners and TXNM about structuring …
Flat Top-Line, Broadband Headwinds, and Theme Parks Expansion
Telecommunications and media company Comcast (NASDAQ:CMCSA) met Wall Street’s revenue expectations in Q1 CY2025, but sales were flat year on year at $29.89 billion. Its non-GAAP profit of $1.09 per share was 10.1% above analysts’ consensus estimates. Is now the …
Trade peace in our time?
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets A confusing mix of trade policy shifts and opaque economic data has left financial markets and the …