While Mastercard reported another quarter of double-digit revenue growth Thursday (July 30), executives devoted much of their second-quarter earnings discussion to explaining why agentic artificial intelligence could strengthen the economics of the card network. AI may change where commerce begins, but Mastercard said it won’t...
Taco Bell saw sales decline this month following a parasite outbreak tied to the chain. Parent company Yum Brands addressed the multi-state cyclospora outbreak, which happened during its current quarter, on a Thursday (June 30) earnings call to discuss the previous quarter. “The brand has seen a meaningful near-term sales...
Pagaya Technologies’ second-quarter results demonstrated that an artificial intelligence (AI) lending network can generate sharply higher profits even as it earns less on each dollar moving through the system. “Our record quarter reflects a flywheel that is clearly working: partners are sending more volume, adopting...
Automotive eCommerce firm Carvana’s continuing rollout of software platforms across its operations contributed to the company’s record second-quarter results, Carvana President, CEO and Chairman Ernie Garcia said during a Wednesday (July 29) earnings call. During the second quarter, Carvana set records in retail units sold,...
Microsoft reported strong growth in its cloud and artificial intelligence businesses while also working to moderate the impact of capital expenditures. The company said in a Wednesday (July 29) earnings release that during the quarter ended June 30, its Intelligent Cloud revenue increased 32% year...
Robinhood is moving beyond its original role as a retail broker. And that’s despite the fact that the second-quarter 2026 results shared company’s Wednesday (July 29) earnings call looked like a victory for its trading business. “The business is firing on all cylinders,” said Shiv...
Procter & Gamble says economic pressures have consumers focused on smaller pack sizes and promotions. The consumer packaged goods company released earnings Wednesday (July 29) showing sales up 3% for its most recent quarter and 1% for the year. Speaking to analysts during an earnings call, Chief Financial...
SoFi wants artificial intelligence to do more than answer a customer’s financial questions. It wants AI to eventually act on them, and in the process give customers more reasons to keep their financial lives inside its expanding financial ecosystem. Cross-selling emerged as a key point...
British lender Barclays logged a 17% increase in profits for the first half of 2026. The profit rise was fueled mainly by strong performance from Barclay’s investment banking arm amid an uptick in dealmaking and financial market activity, The Independent reported Tuesday (July 28). This...