Artificial intelligence is expensive for the companies buying AI chips, and it’s expensive for the companies making them, too.
Shares of used-car retailer Carvana Co. jumped about 40% in the extended session Wednesday after a surprise profit and larger revenue for the used-car retailer once on the brink of bankruptcy.
Exxon Mobil Corp.’s $60 billion takeover of Pioneer Natural Resources is set to be cleared by U.S. regulators, according to reports Wednesday, but there’s a twist involving the latter’s chief executive.
The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on their high-yield savings accounts.
Etsy Inc.’s stock plunged 16% in after-hours trading Wednesday after the company posted quarterly results that included a decline in gross merchandise sales.
Qualcomm Inc. says it’s benefitting as customers look to enable artificial intelligence on their devices, and its stock gained about 4% after hours.
Online real-estate listing service Zillow Group Inc. on Wednesday forecast second-quarter sales that were below expectations, as a stalled housing market weighs on first-time homebuyer demand and pushes some real-estate agents to the sidelines.
Informatica Inc.’s stock was flat in after-hours trading Wednesday after the software company posted quarterly results.
Food-delivery company DoorDash Inc. on Wednesday reported a worse-than-expected first-quarter loss amid signs of a slight slowdown in growth for its large U.S. restaurant business, and it offered a second-quarter forecast for a key demand metric that was just shy of estimates.
U.S. Treasury’s bond blunder will cost young Americans dearly.
Shares of Nio Inc. sped higher Wednesday, after the Chinese electric-vehicle maker reported April deliveries that more than doubled to outperform its peers by a wide margin.
Nvidia Corp.-backed AI startup CoreWeave has nearly tripled in value to $19 billion following its latest round of funding.
South Carolina Senator Tim Scott is now the clear betting favorite to become Donald Trump’s vice presidential pick, after rival Kristi Noem shot her campaign dead along with her puppy.
A look at whether rival retailers should be worried or encouraged by Walmart shuttering its health centers.
Starbucks Corp. worse-than-expected quarter and grim predictions for the year brews a mix of discontent and hope on Wall Street.
The U.S. stock market has kicked off May trading mostly lower, with the S&P 500 down in midday trading Wednesday after slumping in April.
