Britain's FTSE 100 index edged higher on Wednesday, recovering from early losses driven by mixed corporate earnings and hotter-than-expected inflation data.
Apple Inc (NASDAQ:AAPL) shares are moving lower Wednesday afternoon following multiple reports that OpenAI is set to acquire Apple Veteran Jony Ive's AI device startup.
The launch is part of Shopify’s broader Summer ’25 Edition, which unveiled a suite of new AI capabilities aimed at helping merchants grow faster and operate more efficiently.
If tools like AlphaEvolve become widespread — not just inside Google but across industries — they could transform everything from drug discovery to materials science to climate modeling.
Shares of general merchandise retailer Target (NYSE:TGT) fell 5% in the morning session after the company reported weak first-quarter 2025 results with sales and earnings falling below Wall Street expectations.
Shares of online advertising giant Alphabet (NASDAQ:GOOGL) jumped 5.2% in the afternoon session after the company rolled out new AI tools at its annual I/O show, which was well received by Wall Street as it laid out a detailed plan to maintain its dominance in the web search market.
Shares of cybersecurity provider Palo Alto Networks (NASDAQ:PANW) fell 5.3% in the afternoon session after the company reported underwhelming first quarter 2025 results, with remaining performance obligations (RPO - leading revenue indicator) falling below expectations.
Shares of lifestyle clothing conglomerate VF Corp (NYSE:VFC) fell 12% in the afternoon session after the company reported weak first quarter 2025 (fiscal Q4) results: Its EPS missed and its revenue guidance for next quarter fell short of Wall Street's estimates.
Operating margins for HD/LOW are almost 3x more than WMT/TGT, giving them more flexibility to “eat the costs” relative to the others. Walmart’s operating margins are already a razor thin 4.3%, even before the tariffs.
U.S. equities trading was mixed on Wednesday, with major indices showing limited movement by midday as investors remained cautious amid renewed concerns over fiscal policy, which pressured Treasury bonds and the dollar.
The Hyperliquid whale trader has increased their position to over $1 billion as of Wednesday afternoon, racking up over eight figures in unrealized gains.
