Business

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.

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.

Rivian Shares Fall 6% as CFO Claire McDonough Departs for GE Vernova

Rivian stock dropped about 6% on Thursday after CFO Claire McDonough announced she would step down to join GE Vernova during the automaker's affordable-EV

Trump Signs Order Creating US Space Academy Modelled on West Point

President Trump signed an executive order on Friday creating a US Space Academy modelled on West Point, announced at NASA's Johnson Space Center in Houston

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

Bitdeer Stock Wavers After Q2 Earnings and Revenue Miss Estimates

Bitdeer Technologies shares swung after reporting second-quarter earnings and revenue that missed Wall Street estimates, as investors weighed its AI pivot.

Trade Desk Stock Slides as Ad-Tech Slowdown Rattles Investors

The Trade Desk shares fell sharply as investors reassessed the digital advertising firm's growth, exposing broader anxieties across the ad-tech sector.

Trump Media Posts $238 Million Loss, Refocuses on Truth Social

Trump Media & Technology reported a $238 million second-quarter loss as new CEO Kevin McGurn steered the company back to social media from crypto and betti

Nvidia Signs $500 Billion Wall Street Deal to Fund AI Infrastructure

Nvidia has partnered with six Wall Street firms including Apollo, BlackRock, Goldman Sachs and KKR to raise over $500 billion for AI infrastructure.

Sony and TSMC to Invest $4.7 Billion in Image-Sensor Joint Venture

Sony and TSMC will invest $4.7 billion in a joint venture to produce image sensors, deepening their chipmaking partnership in Japan.

Cardinal Health Stock Surges as Company Lifts Full-Year Profit Outlook

Cardinal Health shares jumped after the healthcare distributor reported mixed sales but lifted its full-year profit guidance, reassuring investors.

Monday.com Stock Falls as Weak Guidance Overshadows Earnings Beat

Monday.com shares dropped after soft forward guidance overshadowed a quarterly earnings beat, while options-implied volatility fell sharply post-selloff.

Barrick Settles Newmont Dispute, Clearing Path for Year-End Gold IPO

Barrick reached a deal with Newmont to combine North American mines, clearing the way for an IPO of its gold assets by year-end. Barrick shares fell.

SpaceX Stock Rebounds to Near $135 IPO Price After Strong Earnings

SpaceX shares climbed back toward their $135 IPO price after stronger-than-expected second-quarter revenue and a widely watched share unlock.

Unitree Shanghai IPO Oversubscribed 8,000 Times, Igniting Humanoid-Robot Stock Frenzy

Unitree Robotics' Shanghai IPO drew retail demand over 8,000 times the shares offered, fueling investor frenzy over a wave of humanoid-robot listings.

Foxconn Posts 35% Q2 Profit Jump, Forecasts Strong 2026 on AI Demand

Foxconn reported a 35% rise in second-quarter profit, beating forecasts, and forecast strong 2026 growth driven by surging AI infrastructure demand.

Tata Chairman Chandrasekaran to Step Down in February After Board Rift

Tata Group chairman N Chandrasekaran will not seek reappointment when his term ends in February, following tension with the controlling Tata Trusts.

Trump Tariffs on Foreign Drone Parts Send US Drone Stocks Soaring

US drone stocks rallied after Trump ordered tariffs on foreign-made components, with Unusual Machines leading gains, in a bid to counter China's drone domi

Norway Wealth Fund Posts Record $184 Billion Profit, Warns of Tougher Times

Norway's $2.3 trillion sovereign wealth fund reported a record $184 billion profit and disclosed a SpaceX stake, but warned of tougher times ahead.

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