There are still lessons to be learned from last week’s meltdown at hedge fund Situational Awareness. One is that investors can be too quick to forgive and forget, focusing on the heady gains instead of reckless behavior. Humbled manager Leopold Aschenbrenner, whose surname means ash burner, probably will rise like a phoenix.
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Jennifer Taubert will step down after a lengthy run leading J&J’s pharmaceutical business. Elsewhere, pricing issues hampered what Wall Street analysts view as an otherwise strong gene therapy launch.
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.
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.
Bitcoin remained under pressure following renewed U.S.-Iran tensions and after crypto hoarding firm Strategy announced it sold bitcoins last week. President Donald Trump said Monday Iran was "unbelievably duplicitous," claiming Tehran had asked for talks on ending the war before denying discussions were taking place.
Apple (AAPL) asked a US judge for a preliminary injunction barring ChatGPT maker OpenAI and two form
(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’
The ChatGPT maker said Apple is using selective and false information, hours after Apple sought an injunction in the case.
Morgan Stanley said that it sees Spotify’s shares being down year-to-date ahead of the company’s likely new product in the coming months, including new AI features, presenting “an attractive opportunity.”
American Bitcoin Corp. (NASDAQ:ABTC) CEO Mike Ho sidestepped questions on Monday about selling Bitcoin (CRYPTO: BTC) to fund equity buybacks, a move some other companies in the industry have pursued. American Bitcoin’s ‘North Star’ During American Bitcoin’s second-quarter earnings call, Ho was questioned about the company’s treasury management strategy and whether it would contemplate selling Bitcoin to improve business economics, similar to the approach taken by Michael Saylor’s Strategy Inc. (
Palantir Technologies Inc. (NASDAQ:PLTR) reported unrealized gains from its investment in Space Exploration Technologies Corp. (NASDAQ:SPCX), boosting its second-quarter earnings, making it the latest major technology company to benefit from the Elon Musk-led company’s blockbuster public debut. SpaceX Stake Added to Quarterly Earnings During the company’s second-quarter earnings call on Monday, CFO David Glazer said unrealized gains from the company’s SpaceX investment contributed $0.03 to GAAP
Amazon.com, Inc. (NASDAQ:AMZN) founder and executive chairman Jeff Bezos is planning to sell up to 15 million Amazon shares worth approximately $4.07 billion. Bezos’ Amazon Stock Sale Is Tied to a Prearranged Trading Plan A Form 144 filing submitted to the Securities and Exchange Commission on Monday showed that Bezos intends to sell 15 million shares of Amazon common stock through Morgan Stanley Smith Barney LLC. The proposed transaction was valued at approximately $4.07 billion based on the ma
GameStop, SpaceX, and Hertz Global plunged to fresh 52-week lows on Monday amid a selloff in the shares following multiple negative catalysts.
Stocks stabilised in Asia on Tuesday after last week's tech-led rollercoaster ride as investors tracked a record day on Wall Street, while oil prices edged up after their recent plunge with Donald Trump and Iran giving conflicting views on peace talks.Oil prices rose around one percent, having plunged five percent Monday, on hopes for a US-Iran deal to reopen the Strait of Hormuz.
But what can Trump actually do?
The bigger the gains, the harder the fall.
Memory chip stocks have been volatile and fell as July came to a close, the market’s still-fragile sentiment.
EBITDA surged to $2.1 billion as Middle East disruptions boosted margins.
Small-cap stocks in the Russell 2000 (^RUT) can be a goldmine for investors looking beyond the usual large-cap names. But with less stability and fewer resources than their bigger counterparts, these companies face steeper challenges in scaling their businesses.
Snap (SNAP) delivered earnings and revenue surprises of -14.29% and +4.31%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
ChargePoint Holdings, Inc. (CHPT) concluded the recent trading session at $5.52, signifying a +1.1% move from its prior day's close.
In the most recent trading session, Pan American Silver (PAAS) closed at $43.73, indicating a +1.44% shift from the previous trading day.
ServiceNow is laying off nearly 300 employees across its Silicon Valley offices. The cuts are tied to a company wide shift toward AI focused roles and operational efficiency. Management plans to keep overall headcount flat while reshaping the workforce toward AI enabled skills. ServiceNow, listed as NYSE:NOW, is making this workforce change while its stock trades at $111.23. The shares are up 12.6% over the past week and 5.1% over the past month, against a backdrop of weaker performance...
Northrop Grumman secured two multi year defense agreements exceeding $3 billion to accelerate production and delivery of critical munitions and missile defense technologies. The contracts support rising global demand for the PAC-3 MSE and THAAD systems used by the U.S. and allied defense programs. These agreements extend over multiple years and focus on scaling capacity for advanced missile defense components. For investors watching Northrop Grumman, ticker NYSE:NOC, these contracts arrive...
Consolidated Water (CWCO) reached $29.55 at the closing of the latest trading day, reflecting a +1.2% change compared to its last close.
Powell Industries (POWL) delivered earnings and revenue surprises of -4.70% and -2.05%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Electrical energy control systems manufacturer Powell (NYSE:POWL) fell short of the market’s revenue expectations in Q2 CY2026, but sales rose 8.9% year on year to $311.7 million. Its GAAP profit of $1.42 per share was 3.4% below analysts’ consensus estimates.
Rivian surprised the market by slashing capital expenditure guidance.
Chief Financial Officer Doug Hott said in prepared remarks that changes to the company’s cost structure are increasingly visible in its results, with its total adjusted cost structure rising just 4%.