Core Insights - Western Digital forecasts third-quarter revenue above Wall Street estimates, indicating strong demand for hard drives and flash storage for AI servers driving growth [1] Company Summary - The company is experiencing increased demand for its products, particularly in the AI server market, which is expected to contribute significantly to revenue growth [1]

The U.S. government is considering selecting fintech Robinhood Markets for a key role in overseeing "Trump accounts" it is creating for millions of children, Bloomberg News reported on Thursday, citing people familiar with the matter. ...

Medical device maker ResMed on Thursday beat Wall Street estimates for second-quarter profit on the back of strong demand for its devices used to manage sleep apnea. ...

Apple beat Wall Street estimates for quarterly revenue on Thursday, powered by strong demand for its iPhones and a sharp rebound in China, with CEO Tim Cook telling Reuters that demand for the latest handsets was "staggering." ...

Core Insights - Visa reported an increase in first-quarter profit, driven by higher card usage during the holiday season, supported by strong U.S. consumer spending [1] Company Performance - The rise in profit indicates a positive trend in Visa's financial performance, reflecting the company's ability to capitalize on consumer spending patterns during peak shopping periods [1] Industry Context - The increase in cardholder transactions suggests a robust recovery in consumer confidence and spending within the U.S. economy, which is beneficial for the payment processing industry as a whole [1]

Core Insights - Amazon is reportedly in discussions to invest up to $50 billion in OpenAI, according to the Wall Street Journal [1] Company Summary - The potential investment by Amazon signifies a strong interest in artificial intelligence and its applications, particularly in collaboration with OpenAI [1]

Brazilian fintech Agibank said on Thursday it was aiming to raise as much as $785.5 million in its initial public offering in the United States. ...

Coterra Energy and Devon Energy could announce an agreement to merge as soon as next week, in what would be the largest oil and gas deal in the U.S. shale industry in almost two years, a source famili... ...

General Motors said on Thursday it will eliminate roughly 500 jobs in Canada when a plant in Oshawa, Ontario, cuts a shift, adding more pain to one of the sectors that has been most affected by U.S. t... ...

Core Viewpoint - The top Democrat on a U.S. House investigative committee is probing global trading houses Vitol and Trafigura regarding their communications with the Trump administration prior to the U.S. capture of Venezuela's leader, aiming to uncover who benefits from this action [1] Group 1 - The investigation focuses on the correspondence between Vitol, Trafigura, and the Trump administration [1] - The inquiry seeks to determine the beneficiaries of the U.S. action against Venezuela's leadership [1]