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After MicroStrategy, another crypto company sells Bitcoin
TheStreet28d agobearish
After MicroStrategy, another crypto company sells Bitcoin

The ongoing crypto winter has forced Michael Saylor's Strategy (Nasdaq: MSTR), formerly MicroStrategy, to sell Bitcoin (BTC) twice this year. 32 Bitcoin for around $2.5 million during May 26-313,588 BTC for $216 million during June 29-July 5 The company has sold Bitcoin for the first time after ...

Photronics (PLAB): Buy, Sell, or Hold Post Q1 Earnings?
StockStory28d agoneutral
Photronics (PLAB): Buy, Sell, or Hold Post Q1 Earnings?

Over the past six months, Photronics’s shares (currently trading at $30.49) have posted a disappointing 12.1% loss, well below the S&P 500’s 7.9% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.

Paramount agrees to delay closing Warner buyout for months while judge considers states' challenge
Associated Press28d agobullish
Paramount agrees to delay closing Warner buyout for months while judge considers states' challenge

Paramount on Friday agreed to delay closing its $81 billion buyout of Warner Bros. Discovery well into next year, as a judge continues to consider a challenge from 12 states seeking to block the deal altogether. In a court filing, Paramount said it wouldn’t close the merger until either a court ruling is made on the merits of the states’ lawsuit or June 1, 2027. The move arrives just days after U.S. District Judge Araceli Martínez-Olguín granted a temporary restraining order to freeze the transaction for several weeks, ruling that the states had raised some “serious questions” and a strong case about the merger's potential to “substantially lessen competition.”

Investing.com28d agobullish
Uber under pressure: Waymo partnership on the brink

Investing.com -- Uber Technologies (NYSE: UBER) shares skidded 4% on Friday, with losses accelerating in the final hour of trading following a revealing Financial Times report that Alphabet’s Waymo is eyeing the exit ramp on their alliance. According to the report, the self-driving car company is holding internal discussions about terminating its current agreements with the ride-hailing giant, which presently include joint operations in Austin and Atlanta. The Breakdown Uber has confirmed the fr

Samsung wants to bring stablecoins to your smartphone
TheStreet28d agoneutral
Samsung wants to bring stablecoins to your smartphone

Samsung is preparing to bring stablecoins to Samsung Wallet, marking one of the most significant crypto moves yet from a major smartphone maker. A stablecoin is a type of cryptocurrency designed to hold a steady value, typically pegged one-to-one to a currency like the U.S. dollar. Unlike Bitcoin ...

This Optical Networking Stock Has Soared This Year. Why It Fell After Strong Earnings.
Barrons.com28d agobullish
This Optical Networking Stock Has Soared This Year. Why It Fell After Strong Earnings.

The company late Thursday posted adjusted earnings of 35 cents a share, from 2 cents a year ago and above Wall Street’s 33 cents expectation. Revenue grew 55% to $168.8 million, beating the analyst consensus view of $164.6 million, according to FactSet. The earnings and revenue growth were due to strong momentum in the company’s optical artificial-intelligence date center business, and management expects that demand to continue.

ServiceNow’s quiet $1B cybersecurity boom
TheStreet28d agoneutral
ServiceNow’s quiet $1B cybersecurity boom

ServiceNow reported second-quarter results the evening of Wednesday, July 22, beating Wall Street’s expectations on revenue, margin, and bookings. The backdrop made that harder than it sounds. Investors had spent the prior week watching IBM and Pegasystems blame artificial intelligence spending ...

Elon Musk’s Companies Hit Headwinds
The Wall Street Journal28d agoneutral
Elon Musk’s Companies Hit Headwinds

Elon Musk’s July slump is getting worse today. Tesla and SpaceX, the companies that helped Musk achieve trillionaire status last month, are now moving in the opposite direction, cutting his wealth by billions.