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Financial Services Roundup: Market Talk
The Wall Street Journal10d agoneutral
Financial Services Roundup: Market Talk

Find insight on Munich Re, Oversea-Chinese Banking Corp., Assicurazioni Generali and more in the latest Market Talks covering financial services.

Apple (AAPL) Seeks Injunction In AI Trade Secret Lawsuit
Simply Wall St.10d agobearish
Apple (AAPL) Seeks Injunction In AI Trade Secret Lawsuit

Apple (NasdaqGS:AAPL) has filed a lawsuit against OpenAI alleging misappropriation of confidential AI and hardware technology trade secrets. The complaint seeks a preliminary injunction that Apple says is needed to prevent irreparable harm to its core AI and device development work. The case could bring internal details of Apple's AI research, product security practices, and development processes into public view. Legal and competitive risks around AI intellectual property are back in focus...

Lyft Is Transforming Into a Global Brand, CEO Says
Bloomberg10d agoneutralVIDEO
Lyft Is Transforming Into a Global Brand, CEO Says

Lyft CEO David Risher discusses the company's growth compared to Waymo, its plans to expand internationally and where Lyft is focused internally. He speaks with Ed Ludlow on "Bloomberg Tech."

Portman Ridge Finance Q2 Earnings Call Highlights
MarketBeat10d agoneutral
Portman Ridge Finance Q2 Earnings Call Highlights

BCP Investment Corporation reported second-quarter results marked by lower net asset value, continued deleveraging and an improvement in its non-accrual portfolio. Management also detailed a post-quarter-end amendment and expansion of its KeyBank credit facility, which was used to repay and terminat

Dollar drops, stocks climb as weak US jobs data eases rate fears
AFP10d agobearish
Dollar drops, stocks climb as weak US jobs data eases rate fears

The dollar fell sharply Friday after the US economy shed thousands of jobs in July, an economic blow that lowered the risk of an interest rate hike by the Federal Reserve that could slow growth in the world's biggest economy.Combined with steep downward revisions to US jobs readings in May and June, the data is "likely to revive concerns among Fed officials about the health of the labour market and make them less inclined to commit to near-term tightening", said Thomas Ryan, an economist at Capi

Atlassian earnings beat drives 30% stock surge
Proactive10d agobullish
Atlassian earnings beat drives 30% stock surge

Atlassian (NASDAQ:TEAM) shares jumped more than 30% on Friday after the software maker posted fourth-quarter revenue and cloud growth that topped analyst estimates and issued a stronger-than-expected cloud revenue outlook for fiscal 2027. Revenue for the quarter came in at $1.8 billion, up...

So Much for Those End-of-Lockup SpaceX Fears
The Wall Street Journal10d agoneutral
So Much for Those End-of-Lockup SpaceX Fears

SpaceX insiders don't appear to be cashing in in a big way—at least not yet. The rocket maker's shares recently catapulted 12% higher, extending Thursday's gains to claw back a post-earnings selloff and then some.

Bloomberg10d agobullish
Non-Opioid Painkiller Maker Latigo Jumps 17% After Upsized IPO

(Bloomberg) -- Latigo Biotherapeutics Inc., a clinical-stage developer of non-opioid pain medicines, climbed 17% on Friday after raising $345.6 million in an upsized initial public offering, priced at the top of a marketed range.Most Read from BloombergOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIran Says Agreement on Hormuz Shipping Reached With OmanTrump Administration Considers Order on Autism and VaccinesWhy D

Howmet Stock Pops After Earnings But Remains Inside Buy Zone
Investor's Business Daily10d agobullish
Howmet Stock Pops After Earnings But Remains Inside Buy Zone

Howmet is the Big Cap 20 component in focus as the stock tests a key level after breaking out in June. The stock is wading in a 5% buy zone, rendering it actionable now. Both Howmet and fellow aerospace stock ATI reported robust earnings, causing several of these names to rally in unison.

Kroger makes a pricing move Costco and Walmart will love
TheStreet10d agoneutral
Kroger makes a pricing move Costco and Walmart will love

It costs 14.8% more to shop at Kroger than to buy the same items at Walmart, and Costco's prices for those items are 21.8% cheaper than Walmart's, according to a study commissioned by Consumer Reports. Even the Kroger-owned discount brands King Soopers (7.9%) and Food for Less (9%) come in with ...