Investing.com -- Onsemi (NASDAQ: ON) reported second quarter results that exceeded analyst expectations, with adjusted earnings per share of $0.74 beating the consensus estimate of $0.71 by $0.03. Revenue reached $1.6 billion, surpassing the analyst estimate of $1.59 billion and representing a 9% increase YoY from $1.47 billion in the second quarter of 2025.
For the third quarter of 2026, the company provided revenue guidance of $1.65 billion to $1.75 billion, with a... (continue reading...)
Investing.com -- Palantir Technologies raised its full-year revenue and profit guidance on Monday after reporting a 93% surge in second-quarter revenue that topped expectations, fueled by booming demand for its artificial intelligence software and strong momentum in its U.S. commercial business.
The company now expects 2026 revenue of $8.15 billion to $8.16 billion, up from its prior forecast, while projecting U.S. commercial revenue of more than $3.42 billion,... (continue reading...)
Investing.com -- Michigan's cyclosporiasis outbreak claimed two lives according to officials on Monday, August 3, sending restaurant stocks sharply lower as investors reassessed the financial fallout from one of the largest foodborne illness events in recent U.S. history. The Michigan health department confirmed both deceased individuals had significant underlying health conditions, with the state's total case count now standing at 11,234, up 461 from Friday, with 193... (continue reading...)
Investing.com -- Amazon Web Services (AWS) is recording its fastest growth rate in nearly five years, powered by a massive surge in artificial intelligence workloads across both frontier research labs and traditional enterprise sectors, AWS CEO Matt Garman revealed in an interview on Bloomberg TV’s Bloomberg Tech.
Speaking with Bloomberg host Ed, Garman outlined how the cloud computing giant is navigating unprecedented demand, expanding its custom silicon offerings, and... (continue reading...)
Investing.com -- China's housing market weakened further in July, with secondary home listing prices declining 0.5% month-over-month across 85 sample cities tracked by Morgan Stanley analysts, matching the decline seen in June.
The July decline brought the year-over-year drop to 9.6%, according to a note from Morgan Stanley's Hong Kong colleagues. Since peaking in June 2021, secondary housing prices have fallen 38% cumulatively.
Price weakness remained widespread, with... (continue reading...)
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