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Qualcomm Shares Surge 13% Despite Weak Outlook for Third Quarter

Key Points: Qualcomm beat Wall Street estimates with $10.59 billion in second-quarter revenue and $2.65 in earnings per share. The company expects third-quarter revenue between $9.2 billion and $10 billion, missing the $10.23 billion analyst target. Global smartphone shipments dropped 4.1% to 289.7 million units in the first quarter of 2026. Chief Executive Officer Cristiano Amon will reveal a new data center strategy at the...

Global Energy Companies Return to Canada After Shell Signs $16.4 Billion Deal

Key Points: Shell agreed to buy ARC Resources for $16.4 billion, marking a massive return of foreign money to Canada. The ongoing Middle East conflict pushes international oil operators to look for safer investment environments. Prime Minister Mark Carney created a friendlier business climate by rolling back climate rules. Experts view Canada's Tourmaline Oil, valued at $13.2 billion, as the next major acquisition target. Canada's...

PayPal CEO Enrique Lores Splits Venmo Into Standalone Business to Drive Growth

Key Points: PayPal will separate Venmo into its own business segment to track progress and explore a potential sale. Shares of the payment company jumped 3% after news of the major corporate reorganization broke. New CEO Enrique Lores inherited a struggling company whose stock fell 80% from its pandemic peak. The structural changes pause a previous plan to cut 15% of the global workforce. PayPal...