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Technology company IBM (NYSE: IBM) announced new developments in its quantum computing research, including advances in processors, software, and error correction.At its annual Quantum Developer Conference in New York on Wednesday, the company outlined plans to achieve quantum advantage by 2026 and fault-tolerant systems by 2029.Quantum advantage refers to the point at which a quantum computer can solve a problem faster or more efficiently than any classical supercomputer. IBM said its new “Nighthawk” processor will play a central role in reaching that milestone, delivering circuits 30% more complex than its previous generation while maintaining low error rates.The company also introduced…
Today in crypto, US prosecutors are seeking a retrial for two brothers accused of using MEV bots to exploit $25 million in digital assets. Meanwhile, Morgan Stanley warns it may be time to take profits as Bitcoin enters a new and uncertain phase, and fresh filings suggest XRP and Chainlink ETFs could launch soon.Prosecutors request February or March retrial for MEV bot brothersAnton and James Peraire-Bueno, two brothers indicted for their alleged role in money laundering and fraud involving a $25 million exploit of the Ethereum blockchain, could face a second trial as early as February.In a Monday filing in…
Target Corporation (NYSE: TGT) is navigating a challenging retail landscape ahead of next week’s earnings, as sales and margins face pressure from economic uncertainty and restrained consumer demand. With a significant portion of its assortment in discretionary categories, the retailer’s turnaround strategy remains centered on enhancing customer value through improved shopping experience and targeted promotional activity. Estimates Target’s third-quarter 2025 earnings report is scheduled for release on Wednesday, November 19, at 6:30 am ET. Estimates point to a modest Q3 performance, after delivering mixed results in the first half of the year. Analysts predict a 1% year-over-year decline in sales…
Beyond Meat, Inc. (NASDAQ: BYND) reported its third quarter 2025 earnings results. Net revenues were $70.2 million, down 13.3% year-over-year. Net loss was $110.7 million, or $1.44 per share, compared to net loss of $26.6 million, or $0.41 per share, in the year-ago period. US revenues decreased 21% to $39 million while international revenues were down 1.3% to $31.1 million. In the fourth quarter of 2025, net revenues are expected to range between $60-65 million. Prior performance
Energy company Occidental Petroleum Corporation (NYSE: OXY) has announced results for the third quarter of FY25, reporting a decrease in revenues and adjusted earnings. Net income attributable to the company was $661 million or $0.65 per share in Q3, vs. $964 million or $0.98 per share last yearAdjusted net income declined to $649 million or $0.64 per share in the September quarter from $977 million or $1.00 per share in the year-ago quarterTotal revenue and other income came in at $6.62 billion in Q3, compared to $7.17 billion in the prior-year quarterOperating cash flow was $2.8 billion in the third…
Interpublic Group of Companies, Inc. (NYSE: IPG), a provider of marketing solutions, has reported financial results for the third quarter of fiscal 2025. Total revenue, including billable expenses, was $2.49 billion in the September quarter, vs. $2.63 billion in the year-ago periodRevenue before billable expenses declined 5% year-over-year to $2.14 billion, with an organic decrease of 2.9%Reported net income was $124.2 million or $0.34 per share in Q3, compared to $20.1 million or $0.05 per share last yearQ3 Operating income climbed to $219 million from $132.9 million in the corresponding period of 2024Adjusted EBITA declined 37% to $242.8 million in…
Grocery delivery platform Instacart (NASDAQ: CART) has reported strong order and revenue growth for the third quarter of fiscal 2025. Total revenue climbed 10% year-over-year to $939 million in Q3, representing 10.2% of gross transaction valueTransaction revenue rose 10% to $670 million, representing 7.3% of gross transaction valueAdvertising & other revenue was $269 million, representing a10% increaseAt $9.17 billion, gross transaction value was up 10% year-over-year in the September quarterThe company reported total orders of 83.4 million for the third quarter, up 14% from last year Q3 net income was $144 million or $0.51 per share, vs. $118 million or…
Shares of Lowe’s Companies, Inc. (NYSE: LOW) were up 1% on Tuesday. The stock has dropped 3% in the past three months. The home improvement company is scheduled to report its earnings results for the third quarter of 2025 on Wednesday, November 19, before market open. Here’s a look at what to expect from the earnings report: Revenue Analysts are projecting revenue of $20.9 billion for Lowe’s in the third quarter of 2025, indicating an increase of over 3% from the same period a year ago. In the second quarter of 2025, total sales increased 2% year-over-year to $24 billion.…
Shares of Lowe’s Companies, Inc. (NYSE: LOW) were up 1% on Tuesday. The stock has dropped 3% in the past three months. The home improvement company is scheduled to report its earnings results for the third quarter of 2025 on Wednesday, November 19, before market open. Here’s a look at what to expect from the earnings report: Revenue Analysts are projecting revenue of $20.9 billion for Lowe’s in the third quarter of 2025, indicating an increase of over 3% from the same period a year ago. In the second quarter of 2025, total sales increased 2% year-over-year to $24 billion.…
Semiconductor giant Nvidia Corporation (NASDAQ: NVDA) is preparing to report third-quarter earnings, with investors watching closely for signs of sustained momentum in its data center business. It is estimated that third-quarter revenues and earnings benefited from the strong demand for AI chips and the ramp-up of Nvidia’s Blackwell architecture. Bullish View The Q3 report is slated for release on Wednesday, November 19, at 4:20 pm ET. Signaling a repeat of the company’s blockbuster performance in recent quarters, Wall Street analysts forecast a 54% jump in third-quarter adjusted earnings to $1.25 per share. The positive outlook reflects an estimated 56.3% growth…