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Schwab Beats 2Q Estimates as Retail Traders Pile Into Market
Bloomberg27d agobullishVIDEO
Schwab Beats 2Q Estimates as Retail Traders Pile Into Market

Charles Schwab Corp. reported earnings that topped estimates as retail investors continued to jump in and out of the market amid volatility sparked by geopolitical uncertainty. Schwab reported a record 11.9 million daily average revenue trades in the second quarter, a 57% increase from a year earlier. Trading revenue also rose, climbing 28% to $1.2 billion. President and CEO Rick Wurster joins Bloomberg Businessweek Daily to discuss, saying clients are trusting the platform not just for investing but also for "help with their financial lives." Wurster also discusses continued demand from retail and younger traders, AI use cases in investing, the impact of this summer's SpaceX IPO, prediction markets, crypto, and more. He speaks with Carol Massar and Tim Stenovec.

Mark Cuban has strong words on income and inequality
TheStreet27d agoneutral
Mark Cuban has strong words on income and inequality

Juan Hernandez joined SpaceX in 2015 as a welder making $28 an hour. The company offered him $10,000 in stock alongside his wages. He accepted without giving it much thought. He'd never been offered equity at any job before and didn't really know what to do with it. When SpaceX went public this ...

Bloomberg27d agoneutral
JPMorgan, Goldman Set for $100 Million Paydays on SoftBank’s Record Loan

(Bloomberg) -- Global banks are poised to reap a windfall from SoftBank Group Corp.’s unprecedented borrowing binge as they fund the debt-laden conglomerate’s enormous artificial intelligence bet.Most Read from BloombergApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesChina AI Sensation Moonshot’s Gamble on Big Models Pays OffYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaTrump Vows 50% Tariff on Canadian Goods Using Depression-Era LawUS Allies in Persian Gul

SpaceX (NasdaqGS:SPCX) Gets A Rare Nod From Jamie Dimon On Orbital AI
Simply Wall St.27d agoneutral
SpaceX (NasdaqGS:SPCX) Gets A Rare Nod From Jamie Dimon On Orbital AI

Jamie Dimon publicly endorsed and analyzed SpaceX's orbital AI data center concept, offering both optimism and caution. His comments mark the first time a major global banking leader has weighed in positively on the plan. Dimon highlighted potential technical feasibility while underlining substantial execution, regulatory, and capital deployment risks. For investors tracking Space Exploration Technologies, often referenced via the NasdaqGS:SPCX ticker in private market discussions, Dimon's...

5 Reasons Why Tech Stocks Dropped—and Why They’re Bouncing Back
Barrons.com27d agobearish
5 Reasons Why Tech Stocks Dropped—and Why They’re Bouncing Back

Tech has been dropping for over a month under the weight of a host of worries. No, this agonizingly slow, tortured drawdown is because of five issues—none that haven’t been talked about plenty but laid out well by Sevens Report’s Tom Essaye. Tech has done a 180 and become a capital intensive sector, spending hundreds of billions this year alone.

AST SpaceMobile Catapults 12%, SpaceX Rises 7%, Virgin Galactic and Rocket Lab Rally as Space Stock Trade Takes a Risk-on Turn
24/7 Wall St.27d agobullish
AST SpaceMobile Catapults 12%, SpaceX Rises 7%, Virgin Galactic and Rocket Lab Rally as Space Stock Trade Takes a Risk-on Turn

Shares of space stocks are catching a bid Tuesday as the sector rebounds from recent weakness. AST SpaceMobile (NASDAQ:ASTS) stock leads the move with a 12% gain to $64. SpaceX (NASDAQ:SPCX) shares are up 7% to $128, Virgin Galactic (NYSE:SPCE) stock is rallying 6% to $2.73, and Rocket Lab (NASDAQ:RKLB) stock is rallying 5% to ... AST SpaceMobile Catapults 12%, SpaceX Rises 7%, Virgin Galactic and Rocket Lab Rally as Space Stock Trade Takes a Risk-on Turn

Northrop Grumman Q2 Earnings Call Highlights
MarketBeat27d agoneutral
Northrop Grumman Q2 Earnings Call Highlights

Northrop Grumman (NYSE:NOC) raised its 2026 sales and earnings outlook after reporting stronger second-quarter bookings, a record backlog and revenue growth across all four of its business segments, while management also addressed cost pressures on two programs that weighed on segment margins. Chai