Companies

Shein Shares Fall Again in Hong Kong, Handing Backers 73% Valuation Drop

Shein shares slid 3-5% on their second day in Hong Kong, leaving early private backers with a 73% valuation drop from the IPO.

NBA Suspends Clippers Owner Ballmer, Strips Five Draft Picks Over Kawhi Deal

The NBA suspended Clippers owner Steve Ballmer for one year, stripped five first-round draft picks and fined the team $30 million over the Kawhi Leonard ca

New York City Bans AI for Students Through 8th Grade for One Year

New York City announced a one-year ban on AI tools for students through eighth grade, with new literacy classes and screen-time caps for older students.

Two Killed and Suspect Dead in Downtown Minneapolis High-Rise Shooting

Two people were killed and seven wounded, including three police officers, in a shooting at a downtown Minneapolis high-rise Wednesday. The suspect is dead

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

Qantas Shares Jump 4% on New Business Seats as Profit Hits Four-Year Low

Qantas shares rose 4% after unveiling new business-class seats, even as full-year profit fell to a four-year low on higher fuel costs.

Deutsche Bank Downgrades Novo Nordisk to Sell After 70% Stock Plunge

Deutsche Bank downgraded Novo Nordisk to sell on Thursday after the Ozempic maker's stock fell roughly 70% from its peak amid rising competition.

American Airlines Adds Seven International Routes on New XLR Jets for 2027

American Airlines will launch seven new international routes in 2027, using its Airbus A321XLR jets to link smaller European cities to Philadelphia and New

Bank of America Says Buy Affirm Despite Modest Growth Guidance

Bank of America says Affirm shares could climb further after earnings, even as the buy now, pay later firm issued only a slight growth upgrade.

Take-Two Shares Climb After Grand Theft Auto 6 Preview Wins Over Fans

Take-Two shares climbed Friday after the Grand Theft Auto 6 preview drew praise from fans and bullish reactions from analysts ahead of a 2026 launch.

Tim Cook Rewired Apple Around Supply Chains, Proving You Need Not Be a Product Guy

Dismissed as "not a product guy," Tim Cook re-engineered Apple's operations into the world's most valuable company over 14 years as CEO.

Affirm Surges on Strong Outlook as CEO Flags $4.09 Gas Prices

Affirm shares jumped August 28 on an upbeat outlook, while CEO Max Levchin warned $4.09 gas prices are squeezing U.S. shoppers.

BioNTech Stock Tumbles 10% After Colorectal Cancer Vaccine Trial Fails

BioNTech shares dropped as much as 10% after terminating a colorectal cancer vaccine trial, with Moderna also falling 6% while Pfizer held flat.

Juul Wins FDA Clearance for Juul2 Device With Optional Age Verification

Juul Labs received FDA permission on August 28 to sell its Juul2 device, featuring optional age verification and updated tobacco and menthol cartridges.

Truist, Fifth Third Halt Sales of Mark Walter Insurer’s Products

Truist and Fifth Third paused sales of Delaware Life products this week as probes mount into the Mark Walter-controlled insurer, which denies any fraud.

PayPal Sinks 12% as Advent-Stripe Group Drops Buyout Pursuit

PayPal shares fell about 12% below $55 after an Advent-Stripe group abandoned its takeover pursuit, driving options volume to 134,092 contracts.

US Appeals Court Backs Nevada Oversight of Kalshi Sports Prediction Markets

The Ninth Circuit ruled Kalshi cannot block Nevada oversight of its sports prediction contracts, lifting DraftKings and Flutter shares and setting up a Sup

Marvell Shares Fall 8% as AI Outlook Disappoints Despite 37% Revenue Jump

Marvell shares dropped 8% Friday after its fiscal 2028 outlook underwhelmed, despite 37% revenue growth, as investors questioned timing of a Google AI deal

Gap Raises Profit Forecast, Names New Old Navy CEO as Shares Jump 9%

Gap raised its annual profit forecast and named a new Old Navy CEO on Thursday as shares jumped 9%, with the namesake brand outperforming.

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