1h ago
SoundHound and Cerence post revenue gains in 2026 quarters, highlighting contrasting growth and cash-flow profiles
SoundHound and Cerence reported solid top-line growth in their latest quarterly results, but with different profitability and cash-flow dynamics. SoundHound said second-quarter 2026 revenue rose 45% year over year to $61.9 million and it raised its full-year revenue outlook to $230$260 million, with no debt on the balance sheet. Cerence reported fiscal third-quarter 2026 revenue up 12% to $69.6 million, adjusted EBITDA up 50%, and free cash flow of $19.6 million, while forecasting 41% full-year revenue growth.
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2h ago
CoreWeave signs multiyear, multibillion-dollar AI cloud deal with Hudson River Trading
CoreWeave has signed a multibillion-dollar AI agreement with Hudson River Trading, further strengthening its cloud infrastructure business. The company said its Q2 revenue backlog rose to $104.2 billion, and it added more than $25 billion in additional commitments early in Q3. Revenue rose 112% year over year to $2.575 billion, beating expectations, while adjusted loss per share narrowed to $1.03. Adjusted EBITDA reached $1.5 billion, for a 59% margin.
2h ago
2h ago
Foreign investors buy ₹1,593.53 crore of Indian equities in second straight session
Foreign institutional investors were net buyers of Indian equities for a second consecutive session on Tuesday, with net purchases of ₹1,593.53 crore. Domestic institutional investors also stayed on the buying side, recording net purchases of ₹230.26 crore. Nifty ended the August series 1.5% higher at a two-week high after a sharp late-session rebound. Shriram Finance, IndiGo, Vodafone Idea, Paytm and IREDA rose, while Federal Bank slipped 3% on acquisition talk.
2h ago
3h ago
U.S. tariff threat tightens copper availability as LME three-month tests $14,343 a ton
A potential U.S. import tariff is reshaping the copper market by pulling metal into the United States and tightening availability elsewhere. LME three-month copper rose as high as $14,343 per metric ton on Tuesday after 65,400 tons were ordered for withdrawal from LME warehouses in recent days. Traders have been arbitraging a higher COMEX premium by moving copper into the U.S., pushing COMEX inventories to a record 675,185 tons after 46 straight days of increases. Glencore’s CEO said copper shipped into the U.S. is unlikely to be exported again because of the costs, leaving what had been expected to be a surplus market looking far tighter in practice.
3h ago
3h ago
Click Holdings says Q4 logistics revenue rose more than 42% YoY as June 2026 monthly revenue reached a record HK$4.4 million
Click Holdings said revenue from its logistics segment rose more than 42% year over year in Q4 and grew more than 20% from Q3, as enterprise customers expanded adoption across its Hong Kong and Mainland China networks. The company said monthly logistics revenue hit a record HK$4.4 million in June 2026, while Q4 service hours rose to an all-time high of more than 135,000, signaling strong platform utilization. Management said it expects the growth trajectory to remain sustained, according to a company update carried by Globe Newswire.
3h ago
4h ago
US stocks rise as WTI drops more than 3% and 10-year Treasury yield slips to 4.66%
Major US stock indexes traded higher, with the Nasdaq 100 up nearly 1%. WTI crude fell more than 3%, easing inflation concerns and pulling the 10-year Treasury yield down 4 basis points to 4.66%. Separately, the S&P CoreLogic Case-Shiller 20-city home price index rose 2.1% year over year in June, topping expectations and marking the biggest gain in a year. Investors remained upbeat on second-quarter earnings, with AI infrastructure expected to drive nearly 60% of the S&P 500’s earnings-per-share growth.
4h ago