Business

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.
Business Lynn Hatem -

Norway’s King Harald V Dies at 89, Son Haakon VIII Takes Throne

King Harald V of Norway died Friday at 89. His son, Crown Prince Haakon, 53, became King Haakon VIII and paid tribute in his first speech.
Europe Lynn Hatem -

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.
Business Lynn Hatem -

Six Months of US-Israel War on Iran Reshapes Global Markets

The US-Israel war on Iran passed its six-month mark on August 28, leaving a heavy human toll and lasting disruption across global energy and financial mark
Middle East Aarav Shen -

CXMT Posts 874% Revenue Surge in First Earnings Since Shanghai Listing

ChangXin Memory Technologies reported first-half revenue of 150.31 billion yuan, up 873.64%, in its first financial results as a listed company.
Business Lynn Hatem -
Latest

Broadcom Surges on AI Chip Momentum as Analysts Eye Long-Term Upside

Broadcom shares climb as AI semiconductor revenue grows at triple-digit rates, with analysts weighing long-term upside through 2028.

ConocoPhillips CEO Ryan Lance to Retire, CFO Andy O’Brien to Take Helm

ConocoPhillips CEO Ryan Lance will retire after 14 years, with CFO Andy O'Brien succeeding him September 1 as the producer posts its best profit since 2022

Celsius Shares Tumble as Flagship Brand Sales Slide, Yet Traders Bet on Rebound

Celsius Holdings stock dropped about 17% after quarterly results missed estimates on falling flagship brand sales, though options traders bet on a rebound.

AppLovin Shares Plunge to 52-Week Low as Revenue Miss and Soft Guidance Rattle Investors

AppLovin shares fell about 20% to a 52-week low after quarterly revenue missed forecasts and guidance disappointed, overshadowing stronger-than-expected pr

FCC Scraps 39% Local TV Ownership Cap, Shifting to Case-by-Case Reviews

The FCC voted 2-1 to scrap the 39% national TV ownership cap in favor of case-by-case reviews, a move a dissenting commissioner called illegal.

U.S. Mortgage Rates Climb for Fifth Straight Week to Highest Level in a Year

The 30-year fixed U.S. mortgage rate rose to 6.69%, its fifth straight weekly increase and the highest level in over a year, straining homebuyers.

Hackers Target US Private Equity and Financial Firms, Including Blackstone and CME

A cyberattack campaign has targeted major US private equity groups and financial firms including Blackstone and CME Group, data shows.

Honeywell Aerospace Shares Plunge 21% After Weak Guidance Rattles Investors

Honeywell Aerospace shares fell 21% after the newly independent company missed quarterly earnings and cut its full-year outlook, unsettling investors.

SpaceX Shares Rise as Insider Lockup Expiration Frees Millions of Shares to Trade

SpaceX shares rose 2.5% even as its first lockup expiration freed over 900 million insider shares to trade, following a $541 million quarterly loss.

Federal Reserve Officials Grow Wary of Rapid AI Investment Surge and Financial Risks

Federal Reserve officials are increasingly monitoring the rapid pace of AI investment, weighing whether the spending boom could pose risks to financial sta

Alphabet Launches 10-Part Bond Offering Seeking Up to $25 Billion to Fund AI Push

Alphabet has launched a 10-part bond offering seeking up to $25 billion to fund its expanding artificial intelligence infrastructure and data center buildo

Apollo Agrees to Buy UK Budget Airline EasyJet in £5.7 Billion Deal

US private equity firm Apollo has agreed to acquire British budget airline EasyJet for £5.7 billion (about $7.7 billion) after rival bidder Castlelake with

SoftBank Profit Falls 18% as Rising Costs Offset Gains from Intel Stake

SoftBank Group reported an 18% fall in fiscal first-quarter profit as rising costs offset an $8.2 billion gain from its Intel stake and AI investments.

Hertz Stock Surges as Pricing Strength Narrows Second-Quarter Loss

Hertz shares surged after the car rental company narrowed its second-quarter adjusted loss, boosted by stronger pricing and tighter fleet management.

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