Meta Platforms Inc
Meta slated to reported second-quarter earnings after the bell
Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta is set to report its second-quarter earnings on Wednesday, with analysts eyeing any changes to the company’s costs and related guidance amid CEO Mark Zuckerberg’s recent artificial intelligence hiring blitz. Here’s what analysts polled by LSEG are expecting: Earnings per […]
Read More
Apple is facing pressure from Wall Street to figure out its AI strategy
Apple CEO Tim Cook and Senior Vice President of Software Engineering Craig Federighi speak during Apple’s annual World Wide Developers Conference at the company’s headquarters in Cupertino, California, U.S., June 9, 2025. Laure Andrillon | Reuters While its megacap tech peers are bragging about building island-sized data centers filled with Nvidia chips to power artificial […]
Read More
Big Tech split? Google to sign EU’s AI guidelines despite Meta snub
VCG | Visual China Group | Getty Images Google on Wednesday said it will sign the European Union’s guidelines on artificial intelligence, which Meta previously rebuffed due to concerns they could stifle innovation. In a blog post, Google said it planned to sign the code in the hope that it would promote European citizens’ […]
Read More
Stock futures inch higher as investors analyze earnings, await Fed rate decision: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. Jeenah Moon | Reuters S&P 500 futures inched higher early Wednesday, after the benchmark snapped a win streak that brought it to record highs, as investors analyzed earnings reports and awaited the Federal Reserve’s interest […]
Read More
Meta’s AI spending spree is Wall Street’s focus in second-quarter earnings
Over the years, Meta has built a reputation for using rivals’ innovations to bolster its technology. But its decision to copy a Chinese artificial intelligence lab in 2025 in an effort to compete with OpenAI backfired, forcing the company to overhaul its AI strategy. In a rush to mimic the techniques developed by Chinese startup […]
Read More
CNBC Daily Open: Markets are already looking past U.S.-EU trade deal and need another catalyst
Traders work on the floor of the New York Stock Exchange (NYSE) on July 28, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images Stock markets in the U.S. and Europe didn’t seem that delighted with the U.S.-European Union trade deal reached over the weekend. The S&P 500 ticked up, but […]
Read More
Stock futures are little changed after S&P 500 ekes out another closing record: Live updates
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 11, 2025. Jeenah Moon | Reuters Stock futures were relatively unchanged on Monday on the heels of the S&P 500 and Nasdaq Composite eking out yet another record despite a market rally failing to materialize. S&P […]
Read More
Ray-Ban Meta smart glasses revenue tripled over the year, EssilorLuxottica says
Ray-Ban Meta smart glasses on display in the window of a Ray Ban store in London, UK, on Friday, July 19, 2024. Bloomberg | Bloomberg | Getty Images Revenue from sales of Ray-Ban Meta smart glasses more than tripled year over year, EssilorLuxottica revealed Monday as part of the company’s most recent earnings report. EssilorLuxottica […]
Read More
Earnings playbook: Reporting season ramps up with more ‘Magnificent 7’ results this week
This week marks the busiest week of the second-quarter corporate earnings season, and some of the world’s biggest companies are on the docket. In coming days, 151 companies in the S & P 500 are slated to release their latest quarterly results. That includes four of the “Magnificent Seven,” Meta Platforms and Microsoft on Wednesday […]
Read More
Meta names OpenAI’s Shengjia Zhao as chief scientist of AI Superintelligence Lab
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, on Sept. 25, 2024. Manuel Orbegozo | Reuters Meta CEO Mark Zuckerberg on Friday said Shengjia Zhao, the co-creator of OpenAI’s ChatGPT, will serve as the chief scientist of Meta Superintelligence Labs. Zuckerberg […]
Read More