On its fourth-quarter earnings call on Wednesday (Jan. 28), Tesla said its capital expenditures will exceed $20 billion in 2026, more than double prior guidance, as it accelerates investment in humanoid robotics, autonomous vehicles and artificial intelligence (AI). The spending increase comes as Tesla winds...
LendingClub closed the quarter with a sharp increase in lending activity as management pointed Wednesday night (Jan. 28) to increased traction in its LevelUp products. Loan originations rose 40% year over year to $2.6 billion, with all product lines contributing, according to earnings material. CEO...
Microsoft’s biggest transformation story used to revolve around cloud computing. By migrating enterprises from on-premise software to subscription services and hyperscale infrastructure, the Redmond, Washington-based tech giant in many senses rewired corporate infrastructure from the ground-up, or the cloud-down. But if Microsoft’s second quarter fiscal...
Digital platforms will play an important role in the next stage of Starbucks’ turnaround strategy, Chairman and CEO Brian Niccol said Wednesday (Jan. 28) during the company’s quarterly earnings call. The company’s “Back to Starbucks” strategy is working and running ahead of schedule, Niccol said...
Demand for credit is rising across both companies and households, but Enova’s latest results show smaller businesses notching significant demand amid an optimistic outlook. During the fourth quarter, as detailed Tuesday (Jan. 27), Enova reported originations of $2.3 billion, up 32% year over year, lifting...
Corporate travelers and premium leisure customers helped drive American Airlines’ revenue to record levels for both the fourth quarter and full year 2025. The airline’s fourth-quarter revenue reached $14 billion, and its full-year revenue hit $54.6 billion, despite the impact of the government shutdown, which...
Synchrony Financial closed 2025 with fourth-quarter purchase volume of $49 billion, a company record and a 3% year-over-year increase, as spending patterns strengthened across most platforms and co-branded cards continued to gain share, as detailed in fourth-quarter results released on Tuesday (Jan. 27). CEO Brian...
UPS is no longer optimizing for dominance by volume. And it’s by design. The over-a-century-old shipping and supply chain management company is rounding the bases on its multi-year plan to slash its low-margin Amazon package volume by over 50%, and on Tuesday’s (Jan. 27) fourth-quarter...
Capital One paired its fourth-quarter earnings report Thursday (Jan. 22) with the announcement of its acquisition of Brex, positioning the deal as a structural move deeper into business banking and payments. The deal, CEO Richard Fairbank told analysts on the earnings call, expands Capital One’s...