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Finance News — Page 126

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SpaceX Stock Volatile as 911.5M Shares Unlock

SpaceX's IPO lockup began expiring Thursday, unleashing up to 911.5 million insider-held shares onto the market just one day after the company posted a beat on its first earnings report as a public co

Google News Business · 2mo ago
The divide between Eli Lilly and Novo Nordisk is widening after their latest earnings

The divide between Eli Lilly and Novo Nordisk is widening after their latest earnings

Eli Lilly extended its dominance in the obesity drug market with Q2 revenue up 48%, while Novo Nordisk's shares fell despite beating estimates, as investors grew uneasy about its Wegovy pill launch an

CNBC · 2mo ago
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Sandisk Guidance Drags Memory Stocks, SK Hynix Down 10%

Sandisk's underwhelming fiscal 2027 revenue outlook sent its shares lower premarket and dragged memory makers across South Korea and Japan down with it, while broader AI chip stocks held largely flat

Google News Business · 2mo ago
SpaceX stock could face further pressure as first batch of shares unlock since IPO

SpaceX stock could face further pressure as first batch of shares unlock since IPO

Roughly 911 million SpaceX shares unlock Thursday as IPO lockup restrictions expire — more than the 639 million sold in the company's record debut — adding supply to a stock already down 50% from its

CNBC · 2mo ago
Versant shares surge 10% after company raises 2026 outlook on platforms, advertising momentum

Versant shares surge 10% after company raises 2026 outlook on platforms, advertising momentum

Versant Media Group raised its full-year 2026 revenue and EBITDA guidance and beat Q2 Wall Street estimates, sending shares up more than 10% as executives pointed to momentum at Fandango and GolfNow.

CNBC · 2mo ago
Alphabet seeking up to $25-billion in fresh debt to finance AI build-out

Alphabet seeking up to $25-billion in fresh debt to finance AI build-out

Alphabet is raising US$20–25 billion through a U.S. bond offering to fund its AI build-out, weeks after its 2026 capex outlook triggered a steep sell-off and its Q2 marked its first-ever negative free

Globe and Mail Business · 2mo ago
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Alphabet Plans $25B Bond Sale Amid AI Debt Fears

Alphabet Inc. is preparing a US investment-grade bond offering worth as much as $25 billion, a transaction that will gauge investor appetite for AI-sector debt just weeks after a July selloff in tech

Google News Business · 2mo ago
Cramer's Trust Exits Honeywell Aerospace at 15% Loss

Cramer's Trust Exits Honeywell Aerospace at 15% Loss

Jim Cramer's Charitable Trust is exiting its Honeywell Aerospace (HONA) position at the open, selling 320 shares near $172 for an approximately 15% loss after the newly spun-off company cut its full-y

CNBC · 2mo ago
AtkinsRéalis reports lower profit, revenue up 10%

AtkinsRéalis reports lower profit, revenue up 10%

AtkinsRéalis posted Q2 net income of $95.7-million, sharply below a year-ago quarter inflated by a one-time gain from selling its Highway 407 ETR stake, while adjusted EPS and revenue both climbed.

Globe and Mail Business · 2mo ago
SanDisk, Western Digital Drop 10% as Guidance Misses

SanDisk, Western Digital Drop 10% as Guidance Misses

SanDisk and Western Digital fell roughly 10% in pre-market trading despite reporting strong quarterly results, as forward guidance failed to match elevated expectations after massive AI-driven rallies

CoinDesk · 2mo ago
Nintendo profits surge 53% on US tariff refund

Nintendo profits surge 53% on US tariff refund

Nintendo posted a 53.5% profit surge to ¥147.4bn for the quarter ending June, lifted by a US tariff refund after the Supreme Court ruled Trump's 'Liberation Day' levies illegal — even as revenue fell

The Guardian World · 2mo ago
Situational Awareness Invests $400M After Near-Collapse

Situational Awareness Invests $400M After Near-Collapse

Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, deployed $400 million into an undisclosed private company just days after nearly collapsing under margi

Cointelegraph · 2mo ago
Retail Piles Into SpaceX Despite Post-Earnings Crash

Retail Piles Into SpaceX Despite Post-Earnings Crash

Retail investors scooped up SpaceX shares in record amounts during Wednesday's post-earnings selloff, extending an unbroken buying streak since the company's June 12 IPO debut.

Google News Business · 2mo ago
911M SpaceX Shares Unlock, Doubling Public Float

911M SpaceX Shares Unlock, Doubling Public Float

More than 900 million SpaceX shares unlock Thursday, more than doubling the public float weeks after the company's record-breaking IPO, as the stock trades near all-time lows after a roughly 14% sell-

Google News Business · 2mo ago
More than 900 million SpaceX shares unlock today. Here’s what to know - CNN

More than 900 million SpaceX shares unlock today. Here’s what to know - CNN

More than 900 million SpaceX shares previously held by insiders unlock and hit the market today, with investors bracing for potential volatility from the sudden supply increase.

Google News Business · 2mo ago
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AI Stock Frenzy Crashes in Asia

Asian markets are experiencing extreme volatility in AI-related stocks, with sharp gains followed by steep losses, wiping out investor dreams of quick wealth as the tech hype cycle turns volatile.

Google News Business · 2mo ago
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SpaceX float doubles as 911.5M-share unlock begins

SpaceX saw roughly 911.5 million shares—about 140% of its current public float—become eligible for trading after an earnings-linked qualifying condition was satisfied, more than doubling the stock's t

Google News Business · 2mo ago
Dow Hits Record on Iran Deal Hopes; SpaceX Drops 13.6%

Dow Hits Record on Iran Deal Hopes; SpaceX Drops 13.6%

A proposed US-Iran deal brokered with Oman—giving Tehran control of Strait of Hormuz shipping—sent the Dow to a record close on Wednesday, while SpaceX's 13.6% post-earnings plunge dragged the Nasdaq

Google News Business · 2mo ago
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Situational Awareness Plunges 67% in AI Selloff

Several prominent hedge funds took steep losses in July as AI shares tumbled, with the highly leveraged Situational Awareness plunging 67% and offloading most of its stock portfolio at a deep discount

Google News Business · 2mo ago
Sandisk Beats Revenue Estimates, Shares Drop 8%

Sandisk Beats Revenue Estimates, Shares Drop 8%

Sandisk forecast quarterly revenue above Wall Street estimates on surging AI data-center demand for memory chips, but shares fell nearly 8% in extended trading as the midpoint of profit guidance beat

Google News Business · 2mo ago

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