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Investing.com21d agoneutral
Google reports $94 billion stake in SpaceX following historic IPO

Investing.com -- In an SEC filing today, Google parent company Alphabet officially revealed the staggering magnitude of its decade-long bet on SpaceX following the rocket manufacturer’s record-breaking public market debut: $94 billion. According to Alphabet’s Q2 10-Q report, the vast majority of the equity holding—$80 billion—is bound by short-term post-IPO lockup restrictions that temporarily prevent selling. An additional $14.1 billion in shares is subject to long-term lockups extending throug

Jet Fuel Price Surge Takes a Bite Out of American Airlines
The Wall Street Journal21d agoneutral
Jet Fuel Price Surge Takes a Bite Out of American Airlines

American Airlines has been trying to close the gap with United and Delta, but its latest profit outlook risks putting it further behind. With fuel prices on the rise again, American American now expects to break even in 2026 at the midpoint of its guidance. It said its adjusted earnings could range from a loss of 65 cents per share to a 65 cent per share profit this year.

Ford and Geely to form joint venture at struggling Spain plant
AFP21d agoneutral
Ford and Geely to form joint venture at struggling Spain plant

US carmaker Ford and China's Geely will create a joint venture at Ford's troubled Valencia plant in eastern Spain, where they plan to produce four new models for the European market, the companies said on Thursday.Ford will hold a 66 percent stake in the venture and Geely the remaining 34 percent, the two companies said in a statement about the project which was presented at the plant in Valencia.

Micron Stock Is Gaining After Google Earnings. Why SK Hynix Is Rising Even More.
Barrons.com21d agoneutral
Micron Stock Is Gaining After Google Earnings. Why SK Hynix Is Rising Even More.

Micron and SK Hynix stock were rising ahead of the open Thursday after earnings from Alphabet and signs of continued spending on memory helped ease fears that have hung over chip makers. SK Hynix was outdoing its U.S. rival, though the Korean memory giant has been susceptible to bigger swings recently, since it made its debut in the U.S. stock market earlier this month. Micron stock gained 3.5% in premarket trading on Thursday with SK Hynix’s American Depositary Receipts (ADRs) up 6.7%.

T-Mobile Stock Falls. What’s Overshadowing Earnings Beat.
Barrons.com21d agoneutral
T-Mobile Stock Falls. What’s Overshadowing Earnings Beat.

T-Mobile US stock was sliding on Thursday after the wireless carrier reported softer-than-expected second-quarter revenue, overshadowing an earnings beat. T-Mobile reported adjusted earnings of $2.99, as revenue climbed 7.9% from a year ago to $22.8 billion. T-Mobile also said it now expects full-year adjusted free cash flow of between $18.4 billion and $18.8 billion, up from prior guidance of $18.1 billion to $18.7 billion.

Southwest Claims 'Mojo' Is Back After Overhaul
The Wall Street Journal21d agoneutral
Southwest Claims 'Mojo' Is Back After Overhaul

Southwest Airlines made sweeping changes to its business model to bring in more revenue and catch up with its more profitable competitors. Its executives’ verdict? It’s working. “I think we’ve got our mojo back,” Chief Financial Officer Tom Doxey said in an interview.

Bloomberg21d agoneutral
Crypto Exchange That Pioneered 100x Bitcoin Leverage Is Closing

(Bloomberg) -- BitMEX, the exchange that was first to offer the highly leveraged Bitcoin derivatives that have become a mainstay of crypto trading, is shuttering as a prolonged downturn roils the industry.Most Read from BloombergRetina Chip Designed to Restore Sight to Go on Sale in EuropeHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyAlphabet’s $205 Billion Sp