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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

Cava Beats Quarterly Estimates as Diners Avoid Lettuce Amid Food-Safety Scares

Cava Group topped quarterly expectations and reaffirmed its forecasts as sales grew despite some diners avoiding lettuce amid a summer of food-safety scare

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

CoreWeave Stock Jumps 10% as Revenue Doubles, Debt Hits $35 Billion

CoreWeave shares rose about 10% after revenue more than doubled on AI infrastructure demand, though the company carries roughly $35 billion in debt.

U.S. July Inflation Report Lands Wednesday, Shaping Fed’s Next Rate Move

The U.S. consumer price index due Wednesday is expected to show a modest July rise, giving the Federal Reserve a key signal on its next rate move.

Oracle Stock Falls as AI Spending Concerns Keep Investors on Sidelines

Oracle shares slide as uncertainty over its AI spending plans keeps investors cautious, reviving debate over returns on heavy tech infrastructure outlays.

Brad Lightcap Leaves OpenAI for New Venture Amid Executive Shakeup

OpenAI COO Brad Lightcap is departing to start his own company, extending a wave of senior executive exits at the AI lab.

Alpha Compute to Buy Pennsylvania Land for $55 Million Data Center Campus

Alpha Compute plans to acquire land and gas rights in Pennsylvania for a $55 million data center campus powered by on-site natural gas.

Sea Limited Shares Surge 9% as Revenue Climbs 48% and Shopee Outlook Strengthens

Sea Limited shares rose about 9% after quarterly revenue climbed 48% and the company delivered a stronger outlook for its Shopee e-commerce business.

US Existing Home Sales Fall 1.7% in July as Record Prices Deter Buyers

US existing home sales dropped 1.7% in July as record prices and the highest mortgage rates in a year kept many prospective buyers out of the market.

Barclays Downgrades Gap and Under Armour in U.S. Apparel Retailer Reshuffle

Barclays cut its ratings on Gap and Under Armour in a reshuffle of U.S. apparel retailers, citing limited upside amid uneven consumer demand.

Oil Climbs as Hopes for Imminent Strait of Hormuz Deal Fade

Crude climbs above $84 in the U.S. and past $89 internationally as hopes for an imminent Strait of Hormuz reopening deal collapse into deadlock.

Hims & Hers Shares Slide as Weight-Loss Expansion Squeezes Margins Despite Revenue Beat

Hims & Hers stock fell after beating revenue estimates but posting a loss, as its costly expansion into weight-loss treatments pressured margins.

On Holding Cuts Sales Outlook as Consumer Demand Weakens, Shares Slide

On Holding shares slid after the Federer-backed sportswear maker cut its annual sales outlook and missed quarterly revenue estimates on weaker consumer dem

Reserve Bank of Australia Holds Cash Rate at 4.35%, Warns Further Hikes Remain Possible

The Reserve Bank of Australia held the cash rate at 4.35% but warned further hikes remain "quite possible" even as house prices continue to fall.

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