Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
Meta CEO Mark Zuckerberg said on the company’s second-quarter earnings call that artificial intelligence will not just improve recommendations, but change how content is generated and served on Instagram.
THE APEX TIMES
THE APEX TIMES
Stocks moved sharply after quarterly results, with Amazon gaining on cloud strength and Apple declining ahead of the market open after investors focused on a perceived shortfall in services revenue.
THE APEX TIMES
Amazon.com Inc. surged in early trading after reporting a quarter that beat expectations, with the strength linked to its cloud business. The company also raised its capital-expenditure outlook, indicating continued investment in capacity and infrastructure.
THE APEX TIMES
A strong quarter for Chevron was driven by higher prices and improved refining economics, underscoring how quickly margins in the oil products market can swing rivals. Exxon Mobil’s latest results, by contrast, fell short of what the market expected.
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The streaming company says its newest “family” will arrive in every home on August 28, framing the rollout as a return to familiar neighborhood connections.
THE APEX TIMES
Tesla ended a recent slide with a sharp one-day gain, moving higher after Amazon and Microsoft reported results that reassured investors about the durability of the AI-driven market rally.
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Wall Street reacted positively to a quarterly revenue print that topped forecasts, even as investors weigh how Amazon’s large artificial intelligence investment agenda could affect future costs.
THE APEX TIMES
After oil’s rally helped support Chevron’s share performance in July, attention has also turned to the company’s longer-term expansion plans, including upstream projects in Iraq, Venezuela and Argentina, plus power generation tied to AI data center demand.
THE APEX TIMES
Investors turned cautious after Exxon Mobil reported second-quarter results that came in narrowly short of analysts’ forecasts, sending the stock lower early Friday.
