Canadian tech hardware startup Tenstorrent raised $100 million from investors including Hyundai Motor Group and Samsung Electronics to develop advanced chips used in artificial intelligence.
Dow Jones Newswires: Australia’s services PMI contracted in July, but price pressures remain
Activity in Australia’s services sector contracted in July, but there remains a problem with inflation that may add to existing concerns at the Reserve Bank of Australia that the sector could keep a fire burning under price pressures in the next year.
Earnings Results: Lemonade stock sours after hours as better-than-expected results, outlook follow strong run
Lemonade shares fell in the extended session Wednesday after mobile-based insurance company’s better-than-expected results and outlook.
Market Extra: Good news about your mortgage as Fitch downgrades the U.S., Freddie Mac and Fannie Mae
Most U.S. home loans are sold into bond deals with government backing, similar to Treasury notes. Here’s what matters in housing finance after Fitch lowered its top AAA credit ratings on U.S. debt, as well as Freddie Mac and Fannie Mae.
: How will Overstock’s new Bed Bath & Beyond be different? All your questions answered.
The ‘new’ Bed Bath & Beyond will have an online presence but no physical stores.
In One Chart: How DeSantis is leading Trump in cash on hand, even as the former president dominates in polls
Trump has a big lead over DeSantis in polls for their party’s 2024 presidential primary, but disclosures show the Florida governor has a cash advantage.
Dow Jones Newswires: Traeger stock rallies 21% after company beats Q1 sales expectations
Traeger stock jumped 21% after the company reported higher-than-expected revenue in its latest quarter on Wednesday as additional price hikes helped offset a drop in units sold due to lower consumer demand for its grills.
Earnings Results: Unity Software stock rallies more than 5% as results top Street estimates
Unity Software shares rose in the extended session Wednesday after the company raised its annual forecast and posted a narrower-than-expected loss.
Key Words: Kraft Heinz’s higher prices have cost it some customers, but don’t expect price cuts
Kraft Heinz CEO said that despite declining volume and market-share losses, he doesn’t believe prices were raised too much.
Earnings Results: Robinhood puts up a surprise profit, but monthly active users — and shares — fall
Robinhood Markets Inc. on Wednesday reported second-quarter results that beat expectations.
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