Wall Street closed mixed on Wednesday as investors navigated a confluence of market-moving forces: surging crude oil prices driven by an escalating US blockade of Iranian ports, a Federal Reserve interest rate decision that proved more divided than expected, and

Amazon (AMZN) is in the spotlight during extended trading hours after the tech giant delivered a massive “double beat” in Q1 results – powered by an explosion in AI-driven cloud demand and a high-margin advertising surge. Investors are zeroing in on

Shares in a newly listed fund backed by Bill Ackman fell sharply on their trading debut on Wednesday, underscoring the challenges of translating high-profile investor appeal into sustained market demand. The stock-picking vehicle, Pershing Square USA, opened about 16% below its

PayPal is preparing a significant internal restructuring that will carve out Venmo as a standalone business segment, according to a report by CNBC. The move signals a broader effort by new chief executive Enrique Lores to streamline operations and unlock

Robinhood Markets (NASDAQ: HOOD) traded in the "red" on Wednesday after reporting its fiscal Q1 earnings that failed to meet Wall Street expectations. The retail trading platform saw revenue come in at $1.067 billion – representing a 15% year-over-year increase. Per-share

By Marc Kavinsky, Lead Editor at IoT Business News. Telefónica España and Sateliot have signed a collaboration agreement to develop 5G NR non-terrestrial network solutions that combine terrestrial mobile infrastructure with LEO satellites. The move is aimed at extending coverage into

Shares of Micron Technology rose sharply on Wednesday, gaining more than 5% as optimism around artificial intelligence-driven demand lifted sentiment across memory and storage stocks. The rally comes amid broader strength in the sector following upbeat results from Seagate Technology, reinforcing