Wix. com (NASDAQ:WIX) shares climbed 3.
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(Bloomberg) -- Wingate University told thousands of high schoolers some good news: They were already accepted into the class of 2030, and they’d be receiving $24,000 of scholarships. No application required. Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevApple’s New CEO Taps Retired Hardware Executive for Management TeamTaco Bell Met With Michigan on Parasite Weeks Before RecallMamdani Dismisses Business Leaders Advising NYC’s Mayor’s FundS&P 500 Closes Near Rec
Nvidia stock enters August 26 earnings with 36 analyst buys, but Michael Burry flags a $250 billion demand risk.
Spotify forecast third-quarter profit below Wall Street estimates on Tuesday, after the streaming giant reported slowing user growth in major markets of Europe and North America, driving shares nearly 4% lower in premarket trading. The company has launched AI features like "Personal Podcasts" and new offerings such as "Reserved" to attract more users and fend off competition from rivals including YouTube and Netflix, and AI music startups like Udio and Suno. Separately on Tuesday, Spotify announced a new agreement with digital music licensing firm Merlin for the Swedish company's upcoming paid tool for fan-made covers and remixing.
"You are paying for the right for them to migrate your IP, your know-how, your expertise to their model so that they can build a competitive business that doesn't require your business, your people...
SpaceX is increasingly reserving space on its rockets to launch its own Starlink satellites, crowding out rival space companies that have long depended on Elon Musk's company to get their payloads into orbit. Starlink's share of SpaceX missions has grown year after year, rising from 54% of the Falcon 9 rocket's manifest in 2020 to about 79% so far in 2026, according to a Reuters analysis of launch data compiled by astrophysicist Jonathan McDowell. In recent months, at least seven spacecraft companies have been told that Falcon 9 is fully booked for all types of missions until 2028 or 2029, eight sources told Reuters. They added that the bottleneck is driven by SpaceX's plans to transition to the new Starship rocket, designed to be fully reusable and cheaper than Falcon 9.
The Swedish audio streamer reported a 14% quarterly revenue increase from a year earlier.
Spotify Technology reached a milestone of 300 million premium subscribers in the second quarter while growing revenue by 14% in the period compared with a year earlier. Spotify added seven million premium subscribers in the second quarter, bringing its total to 300 million and beating the company’s prior guidance by one million. The Swedish audio streamer’s monthly active users grew by 12% year-over-year to 777 million, falling short of the company’s prior guidance by one million.
Space Exploration Technologies Corp. (NASDAQ:SPCX) is doubling down on its satellite connectivity goals as the Elon Musk-led company is preparing to launch its second-generation Direct-to-Device (D2D) service in the third quarter of 2027, according to filings with the Canadian government on Monday. Natively Supported Devices The company had earlier partnered with Canadian Telecom company Rogers Communications Inc. (NYSE:RCI) in 2025 to launch Starlink’s first-gen system in the country, which is
Ahead of Caterpillar Inc‘s second-quarter earnings report, set to be released before the opening bell on Tuesday, Aug. 4, some investors may be eyeing potential gains from the company’s dividends. Currently, the construction equipment maker has an annual dividend yield...
Find insight on Bayer, Parkway Life, Fresenius Medical Care and more in the latest Market Talks covering health care.
Aug 4 (Reuters) - Nasdaq futures rose on Tuesday after strong forecasts from Palantir and ON Semiconductor reassured investors about AI-driven demand, while Middle East developments and U.S. earnings
U. S. stock futures traded higher on Tuesday following a positive start to the week on Wall Street, as investors weighed ongoing uncertainty surrounding the Middle East against another wave of corporate earnings.
Shares fell, wiping out most of their gains since the start of the year, after the German dialysis specialist reported another decline in U.S. treatment volumes in the second quarter.
The transaction was first announced in March, when Mastercard signed an agreement to acquire BVNK for up to $1.8bn.
Big drug companies have been buying scrappy biotechs to expand their pipelines, but the potential megamerger between AstraZeneca and Bristol Myers Squibb could flip that script.
(Bloomberg) -- Power utilities across the US are already strained from AI data centers. But they’re increasingly facing an even bigger threat: that developers will be forced to walk away from projects, leaving households on the hook for massive infrastructure bills.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevApple’s New CEO Taps Retired Hardware Executive for Management TeamTaco Bell Met With Michigan on Parasite Weeks Before RecallMamdani Dismisses Business
South Korean retail shareholder platform ACT said on Tuesday it had launched a campaign to call an extraordinary shareholders' meeting at Samsung Electronics, urging the chipmaker to buy back about $32 billion worth of shares and set limits on performance bonuses. ACT said it would begin collecting electronic signatures from shareholders at 5 p.m. local time and seek support from the National Pension Service and domestic and overseas asset managers to meet the 3% ownership threshold required to call the meeting. The move comes after Samsung shares lost over one third of their value since hitting record-highs in June, despite the artificial intelligence boom.
(Bloomberg) -- Asia-based hedge funds logged extensive losses in July, as the tech selloff led to what Goldman Sachs Group Inc. prime brokers said was the worst month for regional stockpickers on record.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevApple’s New CEO Taps Retired Hardware Executive for Management TeamTaco Bell Met With Michigan on Parasite Weeks Before RecallMamdani Dismisses Business Leaders Advising NYC’s Mayor’s FundS&P 500 Closes Near Record H
Apple (AAPL) asked a US judge for a preliminary injunction barring ChatGPT maker OpenAI and two form
Early trading in SpaceX stock has been wild. Coming into earnings, SpaceX stock was down 15% from its $135 IPO price and 43% from its record closing high of $201.80, reached on June 16. Recent short selling will only add to the SpaceX post-earnings volatility.
Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp reiterated on Monday that he believes AI frontier labs are not trustworthy enough for enterprise use. During the earnings call, following the company’s robust results, the CEO argued that companies should support technologies that strengthen U.S. interests rather than benefit adversaries, while criticizing what he described as a small group of elites controlling economic gains at others’ expense. Karp argued that enterprises are effectively
(Bloomberg) -- SpaceX’s first earnings report following its blockbuster initial public offering is one of the most anticipated events of the summer on Wall Street. Whether it’ll give investors a reason to buy the sinking stock is another matter.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevApple’s New CEO Taps Retired Hardware Executive for Management TeamTaco Bell Met With Michigan on Parasite Weeks Before RecallMamdani Dismisses Business Leaders Advising NYC’
Kevin Warsh delivers "shock" while leaving Wall Street in awe.
British energy giant BP said Tuesday that its net profit more than doubled in the second quarter as the Middle East war roiled oil and gas markets.Energy majors around the globe are enjoying soaring profits from their trades as oil and gas futures swing between big gains and losses on the latest headlines linked to the Mideast war.
The ChatGPT maker said Apple is using selective and false information, hours after Apple sought an injunction in the case.
MoffettNathanson’s Julie Zhu called launch SpaceX’s “crown jewel” because its rocket capacity underpins Starlink and prospective orbital data centers.