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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

Berkshire Shares Hit Highest Since Abel Took Over After Buybacks and Strong Earnings

Berkshire Hathaway shares rose to their highest since Greg Abel replaced Warren Buffett as CEO, lifted by stock buybacks and strong quarterly earnings.

Rocket Lab Flags Weaker Margins as Satellite Sales Grow and Neutron Costs Mount

Rocket Lab forecast weaker quarterly margins as lower-profit satellite sales and Neutron rocket costs weigh, while outlining plans to expand in Europe.

Trump Media Posts $238 Million Quarterly Loss, Pivots Back to Social Media Focus

Trump Media reported a $238 million second-quarter loss and announced plans to abandon crypto and betting ventures to refocus on its Truth Social platform.

Rocket Lab Stock Falls Sharply From Peak as Analysts Split on Recovery Prospects

Rocket Lab shares have fallen about 57% from their peak, dividing analysts over whether the space company's decline is a buying opportunity or a warning si

US Strategic Petroleum Reserve Falls Below 300 Million Barrels, Lowest Since 1983

The US Strategic Petroleum Reserve has fallen below 300 million barrels, its lowest since 1983, as oil prices rise on fading US-Iran deal hopes.

US Health Officials Tighten Oversight of Food Ingredients but Defer Ultra-Processed Definition

US health officials moved to close a food ingredient loophole but again deferred defining ultra-processed foods amid mounting safety concerns.

SpaceX Shares Reclaim $135 IPO Price as Rally Extends Through Monday Close

SpaceX shares have climbed back to their $135 IPO price, recovering post-debut losses as a buying rally extended through Monday's close.

Nvidia and Wall Street Giants Plan $500 Billion Financing Push for AI Infrastructure

Nvidia is reportedly teaming with major Wall Street banks on a $500 billion financing push to fund the global buildout of AI infrastructure.

Vertex Shares Climb as Rival Sionna’s Cystic Fibrosis Drug Fails Key Trial

Vertex Pharmaceuticals shares surged after rival Sionna Therapeutics saw its stock plunge roughly 90% on a failed cystic fibrosis drug trial.

US Appeals Court Clears Path for Thousands of Social Media Addiction Lawsuits

A US appeals court has allowed thousands of lawsuits accusing social media firms of addicting young users to move forward, testing Section 230 protections.

Sony and TSMC Plan $6.3 Billion Joint Venture to Produce Image Sensors in Japan

Sony and TSMC are set to invest about $6.3 billion in a joint venture to manufacture advanced image sensors in Japan, deepening their chip partnership.

Oil Surges and Global Stocks Slide as Iran Vows Strait of Hormuz Stays Shut

Oil prices jumped and global stocks slid as Iran vowed the Strait of Hormuz would stay closed, raising fresh fears over energy supplies and inflation.

Apple Tests Memory Chips from China’s CXMT to Ease AI-Driven Supply Crunch

Apple is evaluating memory chips from China's CXMT for its devices as AI-driven demand tightens global supply and pushes prices higher.

Bristol Myers Squibb to Build $2.3 Billion Manufacturing Campus in Houston, Texas

Bristol Myers Squibb will build a $2.3 billion manufacturing campus in Houston, adding jobs and expanding its US production capacity amid an onshoring push

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