Visa’s Payments Momentum Continues Despite Job Cuts and Restructuring Charge
Visa reports $11.6B revenue (+14%) and beats EPS estimates in fiscal Q3, while announcing 2,600 job cuts and a $563M restructuring charge.
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Ford Lifts 2026 Guidance After Strong Truck Sales and Resilient Demand
Ford posted Q2 EPS of $0.42 and $48.3B revenue, beating forecasts. The automaker raised full-year adjusted EBIT guidance to $10–11 billion on strong pricing and resilient demand.
Court Dismisses Taylor v. Zillow Lawsuit, Clearing Major Overhang for Shares
Jefferies says the Taylor v. Zillow dismissal removes a major overhang. Buy rating and $60 target kept; little ops impact expected.
Hertz Stock Hit by Lower Price Targets from Barclays and Jefferies
Analysts flag EBITDA risks, liquidity concerns, and softer used-car values for HTZ.
Prince Alwaleed Buys 5% of Lucid Motors Amid Stock Volatility
Saudi billionaire Prince Alwaleed acquires 19.5M shares of Lucid, taking a 5% stake after the stock’s sharp mid-July drop.
Corning on Pace for Biggest One-Day Drop Since 2002 After Soft Guidance
Corning shares plunge as cautious Q3 outlook overshadows strong Q2 results fueled by generative AI-driven optical demand.