Arm earnings mostly a beat, but chip designer falls short in a key segment
Arm’s stock drops more than 7% after royalty revenues come up short.
Carvana beats Wall Street’s second-quarter expectations, guides toward record year
Carvana expects 2024 to be a record year for the used car retailer, including adjusted EBITDA of between $1 billion and $1.2 billion.
Qualcomm beats estimates and phone chip sales are up 12%
Handset sales rose 12% on a year-over-year basis, which suggests that a deep slump in smartphone sales over the past two years is abating.
Carvana beats Wall Street’s second-quarter expectations, guides toward record year
Carvana expects 2024 to be a record year for the used car retailer, including adjusted EBITDA of between $1 billion and $1.2 billion.
Tether hit a record $5.2 billion profit in first half on 2024
Tether recorded $1.3 billion in net operating profit for Q2 and $5.2 billion for the first six months of the year. Q2 also saw a...
New GMX revenue distribution model advances to on-chain vote stage
GMX proposes switching revenue distribution from ETH to GMX token buybacks. On-chain voting for the proposal is open until August 4 for the GMX DAO...
Polymarket surpasses $1B in bet trading Volume amid US election betting surge
Polymarket surpasses $1 billion in trading, driven by US election betting surge. Trump leads with 57% odds; Harris’s odds rise to 40% after Biden’s withdrawal....
Businesses and families want these tax breaks. Congress might not deliver until at least next year.
A $78 billion tax bill is coming before the Senate this week, with the first procedural vote scheduled for Thursday. Although the bill passed in...
Israel-Hamas-Hezbollah tensions rally oil, but July weakness hints at long-term worries
A rally in oil futures Wednesday comes as no surprise as violence in the Middle East, including the assassination of a Hamas leader in Iran,...