‼️ Visa Inc. is eliminating about 2,600 jobs as Chief Executive Officer Ryan McInerney seeks to make the firm more efficient as it competes in an increasingly tough payments industry.
‼️ 🧠 BREAKING: Corning shares fall sharply after its third-quarter guidance disappoints investors. Corning reports second-quarter adjusted earnings of 78 cents a share on sales of $4.74 billion, beating Wall Street expectations.
‼️ Boeing posts bigger loss than expected as Air Force One costs weigh on results. Boeing took a $280 million loss on its long-delayed program for two new Air Force One aircraft. The aircraft manufacturer increased revenue 8% in the second quarter to $24.56 billion from a year earlier with gains across its businesses.
‼️ PayPal reported adjusted earnings of $1.38 a share for the quarter, topping analysts’ calls for $1.28. Revenue came to $8.68 billion, ahead of the $8.47 billion consensus estimate. PayPal now expects full-year adjusted earnings of $5.38 a share, up from $5.31 in 2025. This compares with previous guidance calling for “low-single-digit decline to slightly positive growth”