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Bill Ackman Unveils Six New Stock Picks
The Wall Street Journal3d agoneutral
Bill Ackman Unveils Six New Stock Picks

Bill Ackman’s Pershing Square made investments in six new public companies since the end of March: Visa Mastercard Netflix S&P Global Intercontinental Exchange Alcon The additions were disclosed in a letter to shareholders that accompanied Pershing Square’s quarterly earnings release, the firm’s first since it went public in April.

Securitize Posts Loss in First Earnings Report After NYSE Debut
The Wall Street Journal3d agoneutral
Securitize Posts Loss in First Earnings Report After NYSE Debut

Securitize, the BlackRock-backed tokenization firm, said its second-quarter losses widened from a year ago, hit by a sharp downturn in the broader crypto market. Quarterly revenue fell 5% to $14.4 million from $15.3 million in the year-ago period. It made its public debut on the New York Stock Exchange last month after merging with a special-purpose acquisition company sponsored by Cantor Fitzgerald.

Trading Day: AI cheer, new highs near
Reuters3d agoneutral
Trading Day: AI cheer, new highs near

By Jamie McGeever ORLANDO, Florida, Aug 12 (Reuters) - Upbeat tech earnings pushed the Nasdaq, S&P 500 and MSCI All Country indices to within a whisker of their all-time highs on Wednesday, while

Investing.com3d agobearish
Cerebras Systems tumbles 14% on earnings, revenue miss

Investing.com -- Cerebras Systems Inc (NASDAQ:CBRS) shares fell 14% in after-hours trading Wednesday after the AI infrastructure company reported second quarter results that missed analyst expectations on both earnings and revenue.

US stocks mostly up after data shows slightly lower inflation in July
AFP3d agoneutral
US stocks mostly up after data shows slightly lower inflation in July

Wall Street stocks mostly gained following slightly better US consumer pricing data but an uptick in Treasury bond yields suggested lingering unease about inflation.But yields on the 10- and 30-year US Treasury bonds climbed after the federal consumer price index (CPI) report, showing "market participants are still looking for inflation to continue," said Briefing.com analyst Patrick O'Hare.

Cisco forecasts upbeat annual revenue
Reuters3d agoneutral
Cisco forecasts upbeat annual revenue

Cisco Systems forecast ‌fiscal 2027 ‌revenue above Wall ​Street expectations on Wednesday, signaling confidence that ‌strong ⁠demand for its AI ⁠networking gear will continue ​to ​power ​growth. The networking ‌giant expects annual revenue between $72.2 billion and $73.4 billion, compared with ‌analysts' average ​estimate ​of $68.69 ​billion, ‌according to data ​compiled ​by LSEG.