Business
Fed’s Quarter-Point Hike Sends Dow Down 1.7%, Cramer Sees Quiet Week Ahead
The Fed’s quarter-point rate increase pushed the Dow down 1.7% for the week. Jim Cramer expects a light earnings slate led by Okta’s analyst meeting.
J.B. Hunt Stock Falls 10% After Company Warns Q3 Earnings Will Drop
Shares tumbled after J.B. Hunt said Q3 earnings will fall 5% to 10% as recruiting, onboarding and record diesel prices squeeze margins.
Thin Cash Buffer Exposed as Legend Internet's Profit Drops 92% to ₦13.21 Million
Pre-tax profit slid to ₦13.21 million as a ₦672 million asset gain hid an operating shortfall; management must cut costs and refinance by December.
Oracle's Debt Reaches $125 Billion as Revenue Jumps 30% to $19.35 Billion
Q1 revenue rose 30% to $19.35 billion on surging cloud infrastructure demand; Oracle’s debt widened to $125 billion during its AI data center
Lululemon Shares Drop 15% After Revenue Falls and Full-Year Outlook Is Cut
Shares plunged 15% after Lululemon reported a 4% revenue decline, a 9% comparable-sales drop and a weaker full-year revenue and earnings outlook.
Broadcom Bets On $230 Billion AI Revenue, Sees EPS Above $30
Broadcom trimmed near-term revenue guidance while projecting $230 billion in AI sales by fiscal 2028 and earnings per share above $30.
Investors Gain As PZ Cussons Posts ₦260.46 Billion Revenue, PAT Up 349%
Revenue rose 22% to ₦260.46 billion in FY2026; profit after tax hit ₦45.2 billion. Board proposes ₦2.50k dividend per share.
BYD Profit Decline Sends Shares Lower As Competition Narrows Margins
Shareholders lost value after BYD’s first-half net profit slid, pushing Hong Kong stock nearly 5% lower.
Berkshire Hathaway Profit Rises 16% as Greg Abel Accelerates Buybacks and Investments
Berkshire Hathaway reported a 16% increase in second-quarter operating earnings as stronger performances across its energy, railroad and manufacturing businesses offset weaker insurance results, while CEO Greg Abel stepped up capital deployment.
Microsoft Gains 15% While Meta Falls 8% After AI Revenue Split and Cash‑Flow Miss
Microsoft climbed 15% on Azure and Copilot momentum. Meta sank 8% after missing revenue guidance and a plunge in free cash flow.
Amazon’s Profit Surges to $62.6 Billion in Q2 2026 as Ad Revenue Rises 26%
Amazon beat estimates in Q2 2026, topping $200 billion in revenue; ad sales rose 26% to $19.8 billion and profit reached $62.6 billion.