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U.S. Stocks Down on Hormuz Deal Doubts
The Wall Street Journal12d agoneutral
U.S. Stocks Down on Hormuz Deal Doubts

U.S. stocks fell in a jittery session amid doubts about the reopening of the Strait of Hormuz. The broad S&P 500 lost 13.59 points, or 0.18%, to 7709.96 and the tech-heavy Nasdaq Composite declined 15.09 points, or 0.06%, to 26348.35. U.S.-traded oil futures gained $2.07, or 2.8%, to $77.29 a barrel as trepidation about the Strait of Hormuz grew.

Former Starbucks CEO Howard Schultz Sells His Hawaii Home for $36 Million
The Wall Street Journal12d agobearish
Former Starbucks CEO Howard Schultz Sells His Hawaii Home for $36 Million

THE DEAL: After relocating from the Seattle area to Florida, billionaire Howard Schultz, the former chairman and chief executive of Starbucks has sold his house in Hawaii’s affluent Hualālai Resort community for $36 million in an off-market deal. THE BUYER: The buyer is upsizing from a smaller house in the wealthy Big Island community to accommodate a growing family, said listing agent Robert Kildow of Hualālai Realty. Kildow declined to identify the buyer, who agreed to buy the house over FaceTime, he said.

Billionaire reveals how he made $15 billion using ChatGPT
TheStreet12d agoneutral
Billionaire reveals how he made $15 billion using ChatGPT

Michael Saylor, the billionaire founder and executive chairman of Strategy (Nasdaq: MSTR), has turned the former enterprise software company into the world’s largest corporate Bitcoin treasury. Strategy’s model involves raising money through common stock, debt and preferred shares, then using much ...

Shares of Memory Giants Drop on Soft Guidance
The Wall Street Journal12d agobearish
Shares of Memory Giants Drop on Soft Guidance

Shares of AI darlings Western Digital and Sandisk fell. Sandisk’s forward guidance was slightly below previous analyst estimates, while Western Digital’s outlook was in-line with expectations. Western Digital declined 13%, while Sandisk dropped 7%.

Airbnb raises 2026 outlook after Q2 earnings top estimates
Proactive12d agoneutral
Airbnb raises 2026 outlook after Q2 earnings top estimates

Airbnb Inc (NASDAQ:ABNB, XETRA:6Z1) shares rose about 10% after Thursday’s closing bell after the alternative accommodation provider reported better-than-expected second quarter results and raised its full-year revenue and adjusted EBITDA margin guidance, citing continued strong travel...

Airbnb Raises Guidance After Second-Quarter Earnings Beat
Barrons.com12d agobullish
Airbnb Raises Guidance After Second-Quarter Earnings Beat

Vacation rental site Airbnb beat second-quarter earnings expectations and again raised its full-year outlook, crediting an accelerated pace of bookings and continued strong travel demand despite higher costs. Airbnb shares were up more than 11% in after hours trading, after closing down 0.6% at $151.64 in regular trading. Airbnb said it delivered some of the strongest results in years during the first half of 2026, and that it exceeded its outlook across every key metric for the second quarter.

JPMorgan resets SpaceX price target after earnings
TheStreet12d agoneutral
JPMorgan resets SpaceX price target after earnings

Wall Street had a simple question heading into SpaceX's first earnings report as a public company. Was the spending worth it? The answer came in the form of a single number that landed on Aug. 4 and immediately changed the tone of every conversation about the stock. The stock had been trading near ...

Iovance Biotherapeutics Q2 Earnings Call Highlights
MarketBeat12d agoneutral
Iovance Biotherapeutics Q2 Earnings Call Highlights

Iovance Biotherapeutics (NASDAQ:IOVA) reported record second-quarter revenue and gross margin, driven by demand for its Amtagvi tumor-infiltrating lymphocyte, or TIL, therapy, as the company expanded its treatment-center network and advanced clinical programs in lung cancer, sarcoma and gynecologic

Shift4 Q2 Revenue Surges 34%, Adjusts 2026 Outlook
Exec Edge12d agobullish
Shift4 Q2 Revenue Surges 34%, Adjusts 2026 Outlook

By Karen Roman Shift4 Payments, Inc. (NYSE: FOUR) said second quarter gross revenue increased 34% to $1.295 billion compared to the year prior, with volume up 22% to reach $61 billion. Net income was $24 million and net income per share was $0.08 on a basic and diluted basis, while gross profit rose 53% to […] The post Shift4 Q2 Revenue Surges 34%, Adjusts 2026 Outlook appeared first on ExecEdge.

Elf Beauty Expands Into Hair Care Products
Bloomberg12d agoneutralVIDEO
Elf Beauty Expands Into Hair Care Products

Elf Beauty Chief Executive Officer Tarang Amin says the company is excited about expanding into hair care products. It launched a new partnership with Target in June. Amin talks about that and the latest earnings report on "Bloomberg The Close."

How To Trade New IPOs Like SpaceX Without 'Breaking A Leg': The Secret Is In This Metric
Investor's Business Daily12d agoneutral
How To Trade New IPOs Like SpaceX Without 'Breaking A Leg': The Secret Is In This Metric

Bending Spoons stock offers a high-profile lesson in how to handle liquidity in initial public offerings — a lesson that is set to come due for other recent IPOs like Space Exploration Technologies stock. Investor Greg Morton tells Investor's Business Daily's "Investing with IBD" podcast that it's not about trading every IPO that appears, but finding the best of the best that pass his filters for profitability and liquidity. "Two thirds of (IPOs) I'm hardly even looking at, and then they need to be liquid — that cuts it in half again," Morton said.

Market Storylines: Tech Breakout, Hyperscalers lead the charge + Jobs Friday
NYSE12d agoneutralVIDEO
Market Storylines: Tech Breakout, Hyperscalers lead the charge + Jobs Friday

Michael Reinking, Senior Market Strategist at the NYSE, reviews a pivotal week in which the S&P 500 broke above its May-July trading range near 7,600, driven by strong Q2 earnings, easing oil prices, and mispositioning in tech that sparked a broad-based rally. Hyperscalers led the charge as investors embraced the ongoing shortage of compute capacity, while semiconductors and optical stocks saw volatile swings amid eye-popping growth figures and sky-high expectations. Looking ahead, Friday's jobs report and next week's inflation prints take center stage, with reports suggesting Fed Chair Warsh could support a September rate hike should the data come in hot.