earnings

Call Jim Clyburn and eat some humble pie.

FTSE 100 rises, led by Glencore, Next earnings; banks slide Reuters

Gloo agrees to acquire Cedarstone to expand AI-powered nonprofit services

A spate of well-known hedge funds reported steep losses in July as AI shares tumbled, most notably forcing the highly leveraged Situational Awareness to sell most of its stock portfolio at a deep discount to Ken Griffin’s Citadel.

Also Situational Awareness margin calls, sports betting regulation and brokerage sports betting revenue.

Phillips 66 beats quarterly estimates as Iran war boosts US refining margins Reuters

Block Inc. lifted its annual profit guidance on Wednesday after delivering quarterly results that topped expectations due to growth in both its Square and Cash App businesses.

Fuel-makers enjoying skyrocketing profits will likely keep reaping standout margins through the next quarter and beyond, according to an executive from a top US refiner.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Zillow Group Inc. said Wednesday that second-quarter revenue jumped 18% from a year earlier to $772 million, as the online real estate company sees rental agreements growing more quickly than home purchases on its website and app.