Snowflake Earnings Loom as Investors Watch AI Cloud Demand
Snowflake’s upcoming earnings report will test demand for cloud data infrastructure as businesses expand artificial intelligence investments across enterprise technology markets.
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U.S. Investment-Grade Borrowing Hits Record $164 Billion in August
U.S. investment-grade companies borrowed a record $164 billion in August, much of it linked to financing needs created by the rapidly expanding artificial intelligence boom.
Chevron Plans $7 Billion Venezuela Investment to Expand Oil Output
Chevron plans to invest more than $7 billion in Venezuela over five years, aiming to double production as the U.S. oil major expands its position.
Palo Alto Networks Reports Strong Results as AI Security Demand Grows
Palo Alto Networks posted strong fiscal results as AI-driven cybersecurity demand accelerated, while investors weighed its growth outlook and recent acquisition strategy in recent quarters.
MongoDB Shares Fall Despite Strong Revenue and Higher Guidance
MongoDB delivered 30% revenue growth and raised guidance, but its shares fell as investors focused on Atlas growth and increasingly demanding expectations from the market.
GitLab Raises Outlook as AI Fuels Software Development Demand
GitLab reported stronger-than-expected second-quarter results and raised its outlook, as artificial intelligence increases demand for software development and DevSecOps tools across the industry this year.
Dell Raises Forecast as AI Server Demand Drives Record Revenue
Dell raised its annual outlook after record quarterly revenue and strong AI server demand, highlighting accelerating infrastructure spending by cloud providers and enterprises this year.
Uber Plans 3,300 Job Cuts in Major Corporate Restructuring
Uber plans to cut about 3,300 jobs, or 10% of its global workforce, as the company reduces management layers and redirects spending toward future growth.
U.S. Private Payroll Growth Slows as Manufacturing Jobs Fall
U.S. private payroll growth slowed in August, with education and health services adding jobs while manufacturing and professional services recorded notable employment declines this month.
U.S. Factory Orders Rise as Aircraft Demand Strengthens
U.S. factory orders rose in July, beating expectations as aircraft demand strengthened, while businesses continued navigating higher costs, supply pressures, and uneven technology spending nationwide.