This was higher than the 0.5% expected by economists polled by Reuters, and a reversal from the 0.2% contraction seen in the first quarter.
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Nvidia supplier SK Hynix posts record second-quarter profit and revenue on strong AI memory demand
Revenue rose over 35% in the June quarter compared with the same period a year earlier, while operating profit jumped nearly 69%, year on year.
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Tesla reports sales miss as auto revenue drops for second straight quarter
Tesla’s second-quarter earnings call comes as Elon Musk’s automaker tries to revitalize EV sales and turn its robotaxis into moneymakers.
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Jim Cramer describes positive and negative forces that are shaping market action
CNBC’s Jim Cramer on Wednesday described a fraught market environment.