Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
Amazon reported second-quarter results that beat Wall Street expectations, with Amazon Web Services growth accelerating to 37% and sending shares higher in after-hours trading.
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The company said it has released its financial results for its fiscal 2026 third quarter, ending June 27, 2026, and reiterated its device and services ecosystem built on six core software platforms.
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The company reported results that beat Wall Street expectations, citing strong demand for iPhones and MacBooks even as the broader consumer electronics market navigates higher prices.
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Bank of America said it plans to acquire information security provider MDSec Consulting Ltd, positioning the deal as part of a broader push to bolster capabilities against cyber threats. The bank did not disclose purchase terms in the announcement reviewed.
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Equity indexes ended the session up, with investors citing Microsoft’s AI-driven cloud performance and a turn higher in semiconductor stocks.
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A bullish read on Microsoft’s latest quarter centers on Azure’s momentum and the continued ramp of Copilot-linked workloads, according to a new market recap.
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The rally followed results coverage that pointed to 43% Azure growth and a forecast for stronger cloud momentum, while Microsoft said it would continue its underlying data-center expansion plans.
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A Wall Street debate is resurfacing around Microsoft’s ability to convert fast-growing sales into profits while large-scale cloud and AI infrastructure costs remain elevated.
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A new analysis argues Costco is using gasoline as a carefully engineered customer funnel, and is now expanding the idea with large standalone stations that could shift how the company earns revenue from fuel.
