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Robinhood will incur $28 million in restructuring charges as the company trims headcount

Yum! Brands stock rises modestly after the fast-food giant says Pizza Hut will be sold for nearly $3 billion.

Yahoo Finance's Julie Hyman takes a closer look at some of Tuesday's trending tickers and stories, including Yum Brands' (YUM) sale of Pizza Hut, Qualcomm's (QCOM) reported interest in acquiring an AI chip company, Robinhood (HOOD) cutting 10% of its workforce, and Rackspace's (RXT) job cuts.

Investing.com -- Netflix (NASDAQ:NFLX) shares fell 3.5% Tuesday following reports that the streaming pioneer was outbid in a massive consolidation play for Roku—losing out to a $22 billion definitive agreement from Fox Corp. According to a Semafor report, Netflix aggressively pursued Roku but was ultimately trumped by Fox’s winning cash-and-stock offer valued at $160 per share. The failed bidding war signals a dramatic strategic evolution for Netflix, which has historically relied on building it

Shares of space stocks are tumbling in mid-morning trading on Tuesday, with Planet Labs (NYSE:PL) stock leading the decline. Planet Labs stock is down to roughly $27 and change, extending a sharp pullback in the satellite imagery name. Intuitive Machines (NASDAQ:LUNR) stock is also under heavy pressure, slipping 9% to $23 and change. Meanwhile, Firefly ... Planet Labs Sinks 10%, Intuitive Machines Drops 8%, Firefly Aerospace Falls 7% as Traders Rush to SpaceX

Unlike many of his tech industry peers who have cut thousands of jobs citing the need to restructure to make the most of AI, Robinhood's CEO Vlad Tenev conspicuously made no mention of AI in his note about layoffs.

The trading platform will cut roughly 290 jobs and incur $28 million in restructuring charges, citing a push to flatten management layers

On this episode of Stock Movers with Alexis Christoforous: - Yum! Brands (YUM) agreed to sell its struggling Pizza Hut chain for $2.7 billion to a private equity firm and its China business. LongRange Capital will acquire Pizza Hut ex-China for $1.5 billion, Yum said in a statement Tuesday. Yum China Holdings Inc. will buy the rest of the business for $1.2 billion. The transactions are expected to close in the third quarter. - Dave & Buster's (PLAY) shares tumble after the operator of restaurant and entertainment facilities reported comparable sales for the first quarter that missed the average analyst estimate. Research firm Benchmark downgraded the stock, citing a lack of confidence that same-store sales will stabilize/eventually turn positive this year. - Robinhood Markets (HOOD) shares are up after it said it is reducing its full-time employee workforce by 10%, and also closing a small number of open roles.

PBR signs a R$443.7M deal with OceanPact to decommission Marlim Field subsea pipelines, advancing Brazil's offshore asset retirement strategy.

Wells Fargo survey shows Instacart's basket costs down 6% since September 2025

Leidos Holdings has considerably underperformed the Nasdaq over the past year, but analysts are cautiously optimistic about the stock’s prospects.

Oil prices dropped below $80 a barrel Tuesday on optimism over the promised reopening of the Strait of Hormuz, easing inflation pressures on global economies even though traders are eyeing the risk of Iranian "service fees" on ships transiting the strait.Oil hit a three-month low as Brent North Sea crude, the international benchmark, dropped 4.0 percent to $79.87 a barrel, dipping below $80 for the first time since early March, before edging back up to $80.52.

Burry Has A Surprising Message For Fiserv Investors After 11% Selloff

BLK is cutting nearly 200 jobs, under 1% of staff, as it balances acquisition-driven growth, private market expansion and efficiency goals.

Joseph Flinn, a board member at Hut 8 Corp. (NASDAQ: $HUT), has sold $4.5 million U.S. worth of company stock.

Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500’s -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw […]

SpaceX (SPCX) just went public, closing at a $2 trillion-plus valuation on Friday.

As of mid June, the Russell 2000 is running laps around all of the other major U.S. indices, and the outperformance is not even close. Starting the week of June 15th, the Russell 2000 is up by almost 18%, which is nearly double the Nasdaq’s 10.1% year-to-date gain; the S&P 500 is up 8%, and ... The Russell 2000 Is Blowing Away Every Index – 5 R2K Leaders With Dividends

Investigation into Edwards crash could take months

Shareholders allege the company failed to disclose cloud growth and AI spending pressures.

Regulator reviews Apple's compliance with EU digital market rules.

Investing.com -- Robinhood Markets (NASDAQ:HOOD) shares rose 2% on Tuesday after the trading platform announced it would cut 10% of its full-time workforce, or approximately 290 roles, as part of efforts to streamline operations and flatten management layers.

Ferrari's new Luce EV has drawn fierce criticism from fans, but Morgan Stanley believes Ferrari's punishment is too severe.

Stock Market Today: The Dow Jones index rose Tuesday ahead of the Fed's two-day policy meeting. SpaceX stock surged in premarket trading.

Zscaler Inc. (NASDAQ:ZS) is one of the 7 Worst Cloud Stocks To Buy According to Short Sellers. On June 10, Shrenik Kothari, an analyst at Robert W. Baird, reiterated a Buy rating on Zscaler Inc. (NASDAQ:ZS) and set a price target of $230. The firm’s price target offers an additional 79% upside from here. Similarly, […]

Fastly Inc. (NASDAQ:FSLY) is one of the 7 Worst Cloud Stocks To Buy According to Short Sellers. On June 5, William Blair analyst Jonathan Ho reiterated a Buy rating on Fastly Inc. (NASDAQ:FSLY) without assigning any price target to the stock. In contrast to William Blair, Raymond James analyst Frank Louthan had upgraded the stock […]

Workday Inc. (NASDAQ:WDAY) is one of the 7 Worst Cloud Stocks To Buy According to Short Sellers. On June 2, Workday Inc. (NASDAQ:WDAY) announced a new integration between its data cloud and Amazon Web Services. This integration will allow developers to use Workday’s HR and financial data with Amazon Web Services. Moreover, this will make […]

DigitalOcean Holdings, Inc. (NYSE:DOCN) is one of the 7 Worst Cloud Stocks To Buy According to Short Sellers. On June 3, KeyBanc initiated coverage on DigitalOcean Holdings, Inc. (NYSE:DOCN) with an Overweight rating and assigned a price target of $200 to the stock. The price target reflects 15.6% upside from current levels. As AI demand […]

Statkraft has announced its decision to construct the Blåfjell Pump to channel more water into Blåsjø, Norway's largest hydropower reservoir, thereby increasing the electricity production in the Ulla-Førre power plants by 54 GWh. This initiative exemplifies Norway's efforts in energy transition, utilizing existing hydropower infrastructure to balance seasonal variations and enhance renewable energy generation with minimal environmental impact. The project aligns with Statkraft's broader...

The Montgomery County project will create over 400 full-time jobs and generate hundreds of millions in new tax revenue