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GameStop earnings show record profit, IREN inks data center deal
Yahoo Finance Video88d agoneutralVIDEO
GameStop earnings show record profit, IREN inks data center deal

Yahoo Finance's Julie Hyman takes a closer look at two of Wednesday's trending stories. GameStop (GME) reported first quarter earnings, posting its highest profit ever and growing revenue. IREN (IREN) stock is in focus after the company signed a deal to support an artificial intelligence (AI) data center campus in Australia.

Bloomberg88d agobearish
Fraud Verdict Deals Blow to Short Sellers’ Dwindling Ranks

(Bloomberg) -- The prospect of prison time for short-seller Andrew Left, found guilty Monday of securities fraud, is more than a personal comeuppance.Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtTikTok Billionaire Overtakes Mukesh Ambani as Asia’s Second-Richest PersonIndie Video Game ‘Mina the Hollower’ Sells 300,000 Copies in Three Days

Bloomberg88d agoneutral
SpaceX IPO Price Would Put Musk Just Shy of Trillionaire Status

(Bloomberg) -- The world might have to wait a little longer for its first trillionaire. Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtTikTok Billionaire Overtakes Mukesh Ambani as Asia’s Second-Richest PersonRBI May Have Sold Gold to Save FX Reserves, BE Analysis ShowsBased on reports that SpaceX is planning to offer shares in an upcoming

Macy's Lifts Sales Outlook; GameStop Collectibles Business | Stock Movers
Bloomberg88d agoneutralVIDEO
Macy's Lifts Sales Outlook; GameStop Collectibles Business | Stock Movers

On this episode of Stock Movers with John Tucker: - Macy's (M) shares are on the move after it lifted its sales outlook for the year, a sign that the company's focus on growing its luxury business and improving its assortment is paying off. - GameStop (GME) shares are climbing after the video-game retailer reported a record quarterly profit driven by its collectibles business. Sales overall climbed 14% to $835.3 million. Net income of $389.6 million was the highest ever for a quarter in the company's history, GameStop said in a regulatory filing Tuesday. - Palo Alto (PANW) shares are dropping as the security software company reported results following a 61% year-to-date rally. The company reported third-quarter results that beat the average analyst expectation and raised its full-year forecast for key metrics, but failed to meet elevated buyside expectations.

Pulte Appointment to Intel Chief Puts Spy Powers Law in Jeopardy
Bloomberg88d agoneutral
Pulte Appointment to Intel Chief Puts Spy Powers Law in Jeopardy

(Bloomberg) -- Senate Democrats are threatening to block an extension of a controversial spy powers law if the White House refuses to withdraw its appointment of Bill Pulte as the acting director of National Intelligence. Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtTikTok Billionaire Overtakes Mukesh Ambani as Asia’s Second-Richest Perso

Opendoor CEO Kaz Nejatian on Q4 earnings and AI models
Stocktwits88d agoneutralVIDEO
Opendoor CEO Kaz Nejatian on Q4 earnings and AI models

Opendoor CEO Kaz Nejatian joins Stocktwits TV to discuss the company's strong Q4 performance, highlighting the significant role of AI in improving their business models. Nejatian also touches on Opendoor's new mortgage product, the company's path to profitability, and his critical perspective on the Federal Reserve's current interest rate policies.

SpaceX Is About to IPO. History Says a 55% Stock Drop Could Be Coming Next.
24/7 Wall St.88d agobearish
SpaceX Is About to IPO. History Says a 55% Stock Drop Could Be Coming Next.

While SpaceX’s anticipated public debut has Wall Street salivating over what could be the most consequential IPO in a decade, the historical record offers a sobering warning. The company filed its S-1 in May, outlining three business segments: Space (Falcon and Starship launch services), Connectivity (the Starlink broadband network), and AI (X and Grok subscriptions). ... SpaceX Is About to IPO. History Says a 55% Stock Drop Could Be Coming Next.

Bloomberg88d agoneutral
Bank CEOs Press Mamdani to Get More New York Housing Built

(Bloomberg) -- The heads of Bank of America Corp. and Goldman Sachs Group Inc. said this week they’ve pressed New York Mayor Zohran Mamdani to get more apartments built in the city, a move they said would help with affordability.Most Read from BloombergTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborRussia Finance Officials Tell Putin War Spending Is UnaffordableTrump to Get Audit Immunity as $1.8 Billion Fund in DoubtTikTok Billionaire Overtakes Mukesh Ambani as Asia’s Second-Riches

Kevin Warsh’s $8.6 Trillion Moment of Truth
24/7 Wall St.88d agoneutral
Kevin Warsh’s $8.6 Trillion Moment of Truth

The stock market has spent much of 2026 climbing a wall of worry. Artificial intelligence is reshaping industries, corporate earnings continue to surprise to the upside, and the S&P 500 keeps pushing deeper into record territory. Yet beneath the surface, investors face a familiar question: Is the Federal Reserve already behind the curve? That question ... Kevin Warsh’s $8.6 Trillion Moment of Truth

SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says
Reuters88d agoneutral
SpaceX will disrupt $1.6 trillion US communications industry, Oppenheimer says

SpaceX will disrupt the $1.6 trillion U.S. communications industry as the Elon Musk-led company's ‌satellite broadband unit Starlink expands, Oppenheimer said in a ‌note on Wednesday, adding that legacy broadband providers like AT&T may be most ​at risk. • Oppenheimer said companies such as AT&T, Verizon Communications and T-Mobile could see ⁠faster declines in subscribers and revenue going forward. • Oppenheimer ​raised its 2030 estimates for ​U.S. broadband subscribers to ‌15 million from 10 million earlier.

AMD CEO Lisa Su drops rare message on AI careers
TheStreet88d agobearish
AMD CEO Lisa Su drops rare message on AI careers

As artificial intelligence (AI) transforms workplaces around the world, most people are asking the same question: What skills will still matter when AI can do so much? According to Advanced Micro Devices (AMD) CEO Lisa Su, the answer isn't simply learning how to use AI tools. Su recently told ...

Investing.com88d agobearish
EU proposes naval mission to clear Hormuz mines

Investing.com -- The European Union has put forward a proposal for its Aspides naval mission to assume "the primary role" in clearing mines in the Strait of Hormuz "when conditions allow" as part of a Franco-British-led initiative, according to a Reuters report Wednesday citing an internal document dated May 26.