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Billionaire issues major U.S. debt warning
TheStreet2d agoneutral
Billionaire issues major U.S. debt warning

Mike Novogratz, the billionaire founder and CEO of the crypto-focused asset manager Galaxy Digital (Nasdaq: GLXY), has sharply reacted to the rising federal debt of the U.S. government. The U.S. federal budget deficit jumped ‌to $432 billion in July as receipts totaled $334 billion against ...

Stocks Hit New Highs on Inflation Relief
The Wall Street Journal2d agoneutral
Stocks Hit New Highs on Inflation Relief

Analysts surveyed by The Wall Street Journal were expecting a 0.2% gain. The reading follows a slight slowdown in CPI reported Wednesday and added to expectations that the Federal Reserve can hold off on raising rates for now. The market-implied likelihood of a hike at its September meeting is now around 35%, down from 55% a week ago according to CME FedWatch.

Associated Press2d agoneutral
How major US stock indexes fared Thursday 8/13/2026

The U.S. stock market rose to a record following the latest sign that inflation is getting less bad. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite gained 0.8%. The Nasdaq composite rose 214.54 points, or 0.8%, to 26,803.03.

Reuters2d agoneutral
Chip equipment maker Lam Research to invest more than $3 billion to expand R&D labs

Lam Research said on Thursday it intends to invest more than $3 billion in ‌the next five years to expand its ‌global research and development lab network, as it seeks to increase ​experiment capacity and speed up product development. The U.S. chip equipment maker said the multi-site expansion is expected to increase its experiment capacity by over 50%. • Lam Research is making the investment with the intention of staying ahead of customers' ​needs as ​the pace of innovation ​requires chips with new ‌architectures, different materials and complex features engineered with nanoscale precision, CEO Tim Archer said.

Workday Heads for Record Gain After Acquisition Report
The Wall Street Journal2d agoneutral
Workday Heads for Record Gain After Acquisition Report

Shares of Workday are posting record gains after Reuters reported that Silver Lake is in talks to buy the human-resources software company. At today’s highs, Workday was up around 30%, its biggest intraday surge ever, according to Dow Jones Market Data.

Nvidia Credit Risk Eases, Still Elevated After $500B Plan
Bloomberg2d agoneutralVIDEO
Nvidia Credit Risk Eases, Still Elevated After $500B Plan

Bloomberg's James Crombie joins Emily Graffeo on "Real Yield."  Bond traders dialed back measures of credit risk associated with Nvidia after the company said it would limit its exposure in a $500 billion plan to finance the type of AI investments that are driving demand for its computer chips.

Jim Cramer says Nvidia now signals something much bigger
TheStreet2d agoneutral
Jim Cramer says Nvidia now signals something much bigger

Jim Cramer was supposed to be on vacation. Instead, the MadMoney host was looking at three critical market signals that, in his view, can tell investors all they need to know. Two of them were the usual suspects: bonds and oil. The third, though, was Nvidia (NVDA), a surprise, to say ...

Telesat Q2 Earnings Call Highlights
MarketBeat2d agoneutral
Telesat Q2 Earnings Call Highlights

Telesat (NASDAQ:TSAT) reported a second-quarter net loss of CAD 559 million as the satellite operator continued to invest in its Lightspeed low Earth orbit network, while its legacy geostationary-orbit business faced ongoing revenue pressure. Chief Financial Officer Donald Tremblay said the quarter

Valneva Q2 Earnings Call Highlights
MarketBeat2d agoneutral
Valneva Q2 Earnings Call Highlights

Valneva (NASDAQ:VALN) reported lower first-half revenue and wider losses for 2026, while maintaining its full-year sales outlook and emphasizing its cash position, restructuring measures and expectations for regulatory progress on its Lyme disease vaccine candidate with Pfizer. CEO Thomas Lingelbac

X-Energy Q2 Earnings Call Highlights
MarketBeat2d agoneutral
X-Energy Q2 Earnings Call Highlights

X-Energy (NASDAQ:XE) reported second-quarter 2026 revenue and grant income of $54.6 million, up 154% from a year earlier, as engineering activity increased under the U.S. Department of Energy’s Advanced Reactor Demonstration Program, or ARDP. CEO Clay Sell also said the Department of Energy formall

New ETF eyes 95% allocation to MicroStrategy’s STRC
TheStreet2d agoneutral
New ETF eyes 95% allocation to MicroStrategy’s STRC

OranjeBTC, a Bitcoin (BTC) treasury company based in Brazil, announced that it is going to launch a new exchange-traded fund (ETF) in early September. Called DIGY11, the fund provides Brazil traders access to the perpetual preferred shares of Bitcoin companies through an ...

Investing.com2d agoneutral
OpenAI revenue chief quits after less than a year

Investing.com -- OpenAI announced Thursday that Chief Revenue Officer Denise Dresser is leaving the artificial intelligence company less than a year after joining, marking another senior departure as the firm prepares for its initial public offering.

Sandisk forecasts mid-to-high-teens revenue growth through 2030
Reuters2d agoneutral
Sandisk forecasts mid-to-high-teens revenue growth through 2030

Sandisk on Thursday said it expects revenue to grow at a mid-to-high-teens percentage rate from fiscal years 2028 to 2030, ‌encouraged by strong demand amid rapid AI infrastructure buildout. The company said ‌the projection is in line with growth in the amount of storage capacity it produces, a ​metric the industry calls "bit growth." • Speaking at Sandisk's Investor Day, finance chief Luis Visoso said the company expects adjusted gross margins to remain at around ⁠80% over the same period.

Investing.com2d agoneutral
Webull details mechanics behind managed portfolio launch

Investing.com -- Webull's new managed bond portfolios hold individual positions as small as $100 per CUSIP, against a traditional market where reasonable execution typically requires upwards of $10,000 per position, the company recently told Investing.com.

Wells Fargo resets Microsoft stock price target for 2026
TheStreet2d agoneutral
Wells Fargo resets Microsoft stock price target for 2026

Microsoft spent most of this year being punished for spending too much. The stock fell more than 20%. Analysts cut targets. The narrative shifted from AI winner to AI victim. Wells Fargo was part of that story. In mid-July, it trimmed its own target to $625 from $650, nervous about how much capital ...