The Marked Chart Wire · Business
HotCoupang
Coupang revenue grows 11 percent year over year
Coupang reported that consolidated constant currency revenue increased 11 percent compared to the same period last year.
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Toyota
Toyota raises full-year forecast after strong quarterly results
Toyota Motor reported GAAP earnings per share of 185.97 yen and revenue of 26.96 trillion yen for the quarter. The company also increased its full-year forecast for fiscal 2027.
HotUber
UBER CEO warns riders may face higher costs in India and Brazil
Dara Khosrowshahi said fuel costs linked to the Iran conflict are reducing driver supply in Brazil and India. The company is increasing driver incentives and cutting rider subsidies in response.
ArcelorMittal
ArcelorMittal misses revenue expectations by $460 million
The steelmaker reported non-GAAP earnings per share of $1.15 and revenue of $16.47 billion, falling short of analyst forecasts by $460 million.
HotMercadoLibre
MercadoLibre plans 20 percent fulfillment expansion
MercadoLibre outlined a 20 percent expansion of its fulfillment network while emphasizing continued investment in affiliates and maintaining credit risk discipline.
AI Security
Palo Alto Networks reportedly in talks to buy Clutch for $500M
Palo Alto Networks is reportedly negotiating to acquire AI security startup Clutch for $500 million.
HotSpaceX
SpaceX and Qualcomm build Starlink Mobile 5G network
SpaceX has partnered with Qualcomm to develop the 5G infrastructure for Starlink Mobile. The move positions the service to compete with major US wireless carriers.
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