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Charles Schwab posts record quarterly profit on trading boom

Charles Schwab posts record quarterly profit on trading boom

July 21 (Reuters) - Brokerage firm Charles Schwab posted a record second-quarter profit on Tuesday, driven by robust trading activity and increased asset management fees.

Equifax sees downbeat annual revenue amid tough mortgage market

Equifax sees downbeat annual revenue amid tough mortgage market

July 21 (Reuters) - Credit bureau Equifax said on Tuesday it expects full-year revenue below Wall Street estimates, as macroeconomic uncertainty pressures growth in the mortgage market. Elevated interest rates and the U.S.

US exchanges to see volume boost, but regulatory stance to take center stage

US exchanges to see volume boost, but regulatory stance to take center stage

By Utkarsh Shetti July 21 (Reuters) - U.S. exchanges will this week start reporting results, which will see a boost from volatility-driven trading volumes, but analysts are likely to weigh that against worries over the regulatory environment and potential higher competition from newer entrants.

Tesla cash burn to test investor faith in AI bets

Tesla cash burn to test investor faith in AI bets

By Akash Sriram and Abhirup Roy July 21 (Reuters) - Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay off.

Wall Street holds steadier as AI stocks recover some of last week's sharp losses

Wall Street holds steadier as AI stocks recover some of last week's sharp losses

Wall Street is holding steadier, as AI stocks trim some of their sharp recent losses

Wall St futures gain on Iran ceasefire hopes; earnings in focus

Wall St futures gain on Iran ceasefire hopes; earnings in focus

July 21 (Reuters) - U.S. stock index futures rose on Tuesday as renewed mediation efforts in the Middle East lifted sentiment, while investors looked ahead to corporate earnings that could prove pivotal for the AI market as it navigates ongoing pressures.

Exclusive-Pakistan seeks $10 billion in US backstop facility to boost reserves, source says

Exclusive-Pakistan seeks $10 billion in US backstop facility to boost reserves, source says

WASHINGTON, July 21 (Reuters) - Pakistan has asked the United States for a $10 billion exchange stabilization facility, according to a source briefed on the matter, which, if approved, could provide a lifeline for the cash-strapped South Asian economy.

Wall Street drifts as AI stocks hold steadier after last week’s losses

Wall Street drifts as AI stocks hold steadier after last week’s losses

Wall Street drifted through a quiet day of trading as AI stocks trimmed some of their sharp recent losses

How PayPal went from Wall Street favorite to unwilling merger target

How PayPal went from Wall Street favorite to unwilling merger target

By Hannah Lang, Milana Vinn and Manya Saini July 20 (Reuters) - Five years ago PayPal was a Wall Street favorite and a leader in digital payments. Since then the stock has plunged, Apple Pay dominates payment services in the U.S. and PayPal is facing a takeover bid it does not like.

World shares are mixed and South Korea's Kospi drops 4.5% as some AI stocks swoon

World shares are mixed and South Korea's Kospi drops 4.5% as some AI stocks swoon

World shares are mixed and South Korea's Kospi has fallen 4.5% as investors unload more stocks linked to artificial intelligence

US pump prices cross $4 again on renewed fighting in the Middle East

US pump prices cross $4 again on renewed fighting in the Middle East

By Nicole Jao NEW YORK, July 20 (Reuters) - U.S. gasoline pump prices crossed the $4 a gallon mark on Monday as renewed hostilities between the U.S. and Iran further disrupt energy flows through the Strait of Hormuz, a critical route for global oil supplies.

Cathie Wood sells $11.7 million of tumbling semiconductor stock

Cathie Wood sells $11.7 million of tumbling semiconductor stock

Cathie Wood, head of Ark Investment Management, has built a reputation for backing artificial intelligence stocks. But even her highest-conviction holdings aren't immune to profit-taking. That's exactly what she's doing with AMD this week, selling more shares after the chipmaker's recent pullback. ...