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Big Tech's Earnings Growth Largely Reflects Investment Gains
The Wall Street Journal1d agoneutral
Big Tech's Earnings Growth Largely Reflects Investment Gains

71% That's the share of Alphabet’s quarterly profits that came from "other income" last quarter. The gains came from revaluing equity holdings, which include SpaceX and Anthropic. Other income made up 66% of Amazon’s earnings, primarily due to its stake in Anthropic.

Gemini Space Station Q2 Earnings Call Highlights
MarketBeat1d agoneutral
Gemini Space Station Q2 Earnings Call Highlights

Gemini Space Station (NASDAQ:GEMI) reported second-quarter revenue growth despite weaker crypto trading activity, as expanding services revenue, over-the-counter trading and new product offerings offset a decline in exchange revenue. The company also highlighted lower operating costs following restr

Reddit Climbs, Applied Materials, Gemini Fall | Stock Movers
Bloomberg1d agoneutralVIDEO
Reddit Climbs, Applied Materials, Gemini Fall | Stock Movers

On this episode of Stock Movers: Drone companies including AeroVironment Inc. (AVAV), Aevex Corp. (AVEX), and Unusual Machines Inc. (UMAC) rose on news that the Trump administration plans to apply a 100% tariff on imports of unmanned aircraft systems and their components. Applied Matierals (AMAT) fell despite an earnings forecast that topped estimates. Investors had a muted reaction to earnings even though the stock has more than doubled this year. Gemini Space Station (GEMI) fell as the crypto platform's earnings report faced crypto market headwinds and a wider-than-expected adjusted Ebitda loss. Reddit (RDDT) climbed on the news that the stock is set to be included in the S&P 500 index.

Applied Materials shares drop despite earnings beat, bullish outlook
Proactive1d agoneutral
Applied Materials shares drop despite earnings beat, bullish outlook

Applied Materials Inc (NASDAQ:AMAT, XETRA:AP2) shares fell about 4% on Friday even after the chipmaking equipment supplier beat Wall Street estimates on both revenue and profit for its fiscal third quarter and issued fourth-quarter guidance above expectations. The Santa Clara,...

Investing.com1d agoneutral
SpaceX completes record $60 billion acquisition of AI coding platform Cursor

Investing.com -- SpaceX finalized its acquisition of Anysphere, Inc., the developer of the popular AI coding tool Cursor, in an all-stock transaction valued at $60 billion. Confirmed via an SEC Form 8-K, the historic deal resulted in the issuance of approximately 391 million SpaceX Class A shares and is widely considered the largest startup acquisition on record. Following the announcement, SpaceX (NASDAQ: SPCX) shares saw a 1.5% bump, trading at $143.45. Under the agreement, Cursor’s outstandin

US retail sales unexpectedly fall in July
Reuters1d agoneutral
US retail sales unexpectedly fall in July

WASHINGTON, Aug 14 (Reuters) - U.S. retail sales unexpectedly fell in July after recent strong gains that were fueled by large tax refunds, but consumer spending is likely to remain supported by