Business

Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss

Samsung Q2 profit jumps 19-fold as AI chip demand offsets mobile loss

SEOUL, July 30 (Reuters) - Samsung Electronics said on Thursday its operating profit jumped 19-fold to a record in the…

July 30, 2026

US strikes $58.6 billion Patriot missile deal amid rising stockpile concerns

By Mike Stone WASHINGTON, July 29 (Reuters) - The U.S. Army awarded Lockheed Martin a contract worth up to $58.6…

July 30, 2026

Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate

By Anhata Rooprai and Stephen Nellis July 29 (Reuters) - Qualcomm forecast fourth-quarter profit below estimates and said revenue from…

July 30, 2026

Exclusive-Intel providing chip technology to startup led by co-investor of Tan in rare deal

By Max A. Cherney and Tom Hals SAN FRANCISCO/WILMINGTON, Delaware, July 29 (Reuters) - Intel has provided access to some…

July 30, 2026

Arm shares dive after hours despite forecasts above estimates

By Juby Babu and Max A. Cherney July 29 (Reuters) - Arm Holdings signaled strong demand from AI on Wednesday,…

July 30, 2026

Casino operator MGM Resorts beats quarterly revenue estimates on Las Vegas strength

July 29 (Reuters) - Casino operator MGM Resorts International beat analysts' estimates for second-quarter revenue on Wednesday, driven by strong…

July 30, 2026

Starbucks raises annual forecasts again as turnaround takes root

(Corrects global same-store sales growth forecast to "near 6%" from "6.5% and more" in paragraph 4. Also corrects consolidated quarterly…

July 30, 2026

L3Harris beats quarterly revenue estimates on strong weapons demand

July 29 (Reuters) - Defense supplier L3Harris Technologies beat Wall Street estimates for second-quarter revenue on Wednesday, as it banks…

July 30, 2026

Chipotle raises annual sales forecast

July 29 (Reuters) - Chipotle Mexican Grill raised its annual sales forecast and beat second-quarter sales estimates on Wednesday, as…

July 30, 2026

US Democratic lawmakers press SEC to probe Trump Media's fast feed

By Chris Prentice NEW YORK, July 29 (Reuters) - Democratic Senators Elizabeth Warren and Adam Schiff have asked the U.S.…

July 30, 2026