Lithium giant Albemarle halts Australia plant expansion, reviews costs on weak lithium prices
The decision comes as the company reported a second-quarter net loss of $188 million, or $1.96 per share. Excluding items, it earned 4 cents a...
Trump pledged to build a U.S. bitcoin reserve. Here’s why it may not be a good idea.
A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.
Qualcomm’s stock powers higher after upbeat earnings and forecast
Qualcomm Inc.’s stock soared more than 8% on Wednesday alongside a broader rally in chip names, and it was poised to move higher yet based...
Carvana posts surprise profit as retail vehicle sales rise 33%
Carvana’s stock rallies more than 7% as used-car retailer sees “untapped potential.”
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.
Arm issues light earnings guidance as the company stops disclosing number of chips reported as shipped
After facing declines in chip shipment counts, now Arm is focusing on higher-value markets, including accelerators for artificial intelligence.
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....