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Bloomberg4d agobearish
CoreWeave’s Forecast Is Key to Stopping Another Earnings Selloff

(Bloomberg) -- CoreWeave Inc. shares have been on a roll lately after a monthslong slump. Now, the neocloud provider’s earnings after the close Tuesday can give investors a sense of whether the rally is sustainable. Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AINvidia Taps Wall Street for $500 Billion Funding CommitmentTrump Makes Sweeping New Demands on Iran as Deal Hopes DimStocks Churn as Hormuz Standoff Spurs Rally in Oil: Markets WrapIran Shakes U

Barrick Mining (B) Misses Q2 Earnings As $1.95 Billion JV Deal Clears IPO Path
Simply Wall St.4d agobearish
Barrick Mining (B) Misses Q2 Earnings As $1.95 Billion JV Deal Clears IPO Path

Barrick Gold (NYSE:B) reported a Q2 earnings miss alongside updated capital expenditure guidance. Barrick Gold and Newmont agreed to expand the Nevada Gold Mines joint venture and resolve prior disputes. The agreement sets the stage for an IPO of combined North American gold assets as part of a broader restructuring. Barrick Gold is not the only stock tied closely to this theme of large scale gold production and asset reshaping, so it is worth comparing this update with a wider group of...

Investing.com5d agobearish
Morgan Stanley cuts Global-e rating to equal-weight, raises price target to $44

Investing.com -- Morgan Stanley downgraded its view on cross-border e-commerce platform Global-e Online to Equal-weight from Overweight, saying the market now better reflects the company’s durable growth and competitive position. The bank nevertheless raised its price target to $44 from $37 as it rolled its valuation framework forward to 2028 and incorporated the impact of the Passport acquisition.

Hims & Hers Lowers Profit Forecast, Shares Drop
Bloomberg5d agobearishVIDEO
Hims & Hers Lowers Profit Forecast, Shares Drop

Hims & Hers Health shares are down after the telehealth firm reduced the top end of its adjusted Ebitda forecast for the full year. Madison Muller reports on "Bloomberg The Close."

Retail traders just drew a line under Tesla’s sell-off
TheStreet5d agobearish
Retail traders just drew a line under Tesla’s sell-off

Tesla (TSLA) just reminded Wall Street that its retail investor base still has unusual power. Tesla shares surged about 6% last week, rebounding from three weeks of losses as retail investors aggressively bought the drop. Retail inflows were about $372 million during five trading days, compared ...

The Trade Desk crash exposed a much bigger problem
TheStreet5d agobearish
The Trade Desk crash exposed a much bigger problem

The Trade Desk (TTD) has reported the kind of profits that could shift how Wall Street values a growth stock permanently. The digital-advertising company’s shares plunged roughly 22% on Aug. 7, according to Barron's, falling to their lowest level since January 2019 and becoming the S&P 500’s ...

US appeals court allows thousands of lawsuits against social media companies over user addiction claims to proceed
Reuters5d agobearish
US appeals court allows thousands of lawsuits against social media companies over user addiction claims to proceed

A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet's Google, ByteDance's TikTok, and other social media companies over claims they designed their products to be addictive to young ‌users. The San Francisco-based 9th U.S. Circuit Court of Appeals rejected the companies’ bid to reverse a lower court’s ruling forcing them to ‌face some 2,400 lawsuits over the claims filed in federal court. The companies, which also include Snap Inc's Snapchat, had argued that Section 230 of the Communications Decency Act of 1996 -  which ​shields them from lawsuits over content posted by their users - also shields them from allegations that they failed to warn the public about the addictive nature of their platforms.

Barrick Mining shares slide on second quarter earnings miss
Proactive5d agobearish
Barrick Mining shares slide on second quarter earnings miss

Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) shares fell 8% on Monday after the company reported second quarter results that showed strong year-over-year growth but came in below Wall Street estimates. The company reported adjusted earnings of $0.82 per share for the quarter, below the $0.84...

EBay Stock Falls After Report That GameStop Weighing Dropping Bid
The Wall Street Journal5d agobearish
EBay Stock Falls After Report That GameStop Weighing Dropping Bid

Shares of eBay were down around 3% in morning trading after a report that GameStop is weighing withdrawing its bid for the online auction company. GameStop CEO Ryan Cohen is considering proposing a partnership or joint venture that would let eBay use GameStop's retail locations, Bloomberg reported.