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Bloomberg16d agoneutral
You’re In: Private Colleges Admit More Students Who Didn’t Apply

(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

Spotify forecasts weak profit as user growth slows in North America, Europe
Reuters16d agobearish
Spotify forecasts weak profit as user growth slows in North America, Europe

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.

SpaceX's satellite ambitions squeeze out rivals reliant on its rockets
Reuters16d agoneutral
SpaceX's satellite ambitions squeeze out rivals reliant on its rockets

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.

Spotify Climbs to 300 Million Premium Subscribers
The Wall Street Journal16d agobullish
Spotify Climbs to 300 Million Premium Subscribers

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.

Will Elon Musk's Bullish Starlink Bet Help SPCX Recover? Billionaire Charts Ambitious Connectivity Plan Ahead of SpaceX Earnings
Benzinga16d agoneutral
Will Elon Musk's Bullish Starlink Bet Help SPCX Recover? Billionaire Charts Ambitious Connectivity Plan Ahead of SpaceX Earnings

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

How To Earn $500 A Month From Caterpillar Stock Ahead Of Q2 Earnings
Benzinga16d agoneutral
How To Earn $500 A Month From Caterpillar Stock Ahead Of Q2 Earnings

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...

Health Care Roundup: Market Talk
The Wall Street Journal16d agoneutral
Health Care Roundup: Market Talk

Find insight on Bayer, Parkway Life, Fresenius Medical Care and more in the latest Market Talks covering health care.

How a pharma megamerger could squelch R&D
Axios16d agoneutral
How a pharma megamerger could squelch R&D

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.

Bloomberg16d agoneutral
AI Power Demands Spur Builders to Seek Billions in Bank Pledges

(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

Samsung's retail investors seek extra shareholder meeting over buybacks, bonuses
Reuters16d agobullish
Samsung's retail investors seek extra shareholder meeting over buybacks, bonuses

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.

Bloomberg16d agoneutral
Asia Hedge Funds Suffer Widespread Losses in July Market Rout

(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

How SpaceX Stock Will Trade After Earnings.
Barrons.com16d agoneutral
How SpaceX Stock Will Trade After Earnings.

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.

Alex Karp Rips Frontier AI Labs for 'Marxist Overtones' After Palantir's Blowout Earnings— Says They Want to 'Colonize Your Enterprise'
Benzinga16d agoneutral
Alex Karp Rips Frontier AI Labs for 'Marxist Overtones' After Palantir's Blowout Earnings— Says They Want to 'Colonize Your Enterprise'

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

Bloomberg16d agobearish
SpaceX’s First Earnings Offer a Chance to Reverse Stock’s Plunge

(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’

BP profit soars as Mideast war roils energy prices
AFP16d agobullish
BP profit soars as Mideast war roils energy prices

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.