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Innodata Q2 Earnings Call Highlights
MarketBeat9d agoneutral
Innodata Q2 Earnings Call Highlights

Innodata (NASDAQ:INOD) reported record second-quarter results for 2026, with revenue, adjusted gross profit, adjusted EBITDA and cash reaching new highs as the company continued to expand its work with AI model developers and large technology customers. Revenue for the quarter was $92.1 million, up

Meta ordered to pay almost $1bn over child safety failings
Sky News9d agoneutral
Meta ordered to pay almost $1bn over child safety failings

Meta, the owner of Facebook, Instagram and WhatsApp, has been ordered to pay $567m (£421m) to address the harm caused to children on its platforms. The ruling, handed down by a US judge in New Mexico, stipulates that the bulk of the money – $420m (£312m) – will be used for treatment services for young people, while the rest will go towards awareness and prevention, screening services and other costs over the next five years. The new penalty is in addition to the $375m (£280m) Meta was ordered to pay in damages after a jury ruled in March that the company had knowingly harmed children's mental health, taking the total to almost $1bn.

Jim Cramer makes bold call on controversial fintech stock
TheStreet9d agoneutral
Jim Cramer makes bold call on controversial fintech stock

Robinhood is one of those stocks that inspires strong opinions in both directions. The retail trading crowd loves it. Institutional investors have historically been suspicious of it. Critics have called it a glorified gambling app. Supporters also argue that it is democratizing finance in ways ...

Bloomberg9d agoneutral
SpaceX Shares Climb After $100 Billion Insider Lockup Expires

(Bloomberg) -- SpaceX shares rose on Thursday as investors digested the release of as many as 911.5 million shares worth about $100 billion from lock-up agreements that had prevented insiders from selling them.Most Read from BloombergIran Says Agreement on Hormuz Shipping Reached With OmanOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIshbia’s Mortgage Firm Suffers Record Drop on Dividend HaltWhy Do Data Centers Use

Reuters9d agoneutral
Firmus nearly doubles valuation to over $10.5 billion in 4 months with Nvidia-backed fundraise

Firmus said on Friday it had raised $2 billion in equity in its ‌latest funding round to speed up the ‌build-out of AI factories in Australia and Asia Pacific, bringing up ​the company's post-money valuation to above $10.5 billion. Here are the details: • The latest funding round saw follow-on participation from Nvidia and tech investor Coatue Management, along with ‌backing from Blackstone's funds ⁠and Jane Street. The raise values Australia-based Firmus post-money above $10.5 billion, nearly double ⁠the $5.5 billion valuation from its earlier round in April.

Bank Of America (BAC) Flags AML Penalty Risk, Is The Stock Still A Bargain?
Simply Wall St.9d agoneutral
Bank Of America (BAC) Flags AML Penalty Risk, Is The Stock Still A Bargain?

Why a fresh regulatory risk is back in focus for Bank of America stock Bank of America (BAC) has put regulatory risk back on your radar after disclosing it may face monetary penalties tied to deficiencies in its anti money laundering program, with a potential resolution with the OCC approaching. This shift from earlier messaging about limited financial impact has sharpened attention on what any penalty and related compliance steps could mean for Bank of America stock. See our latest analysis...

Imperial Oil (TSX:IMO) Board Reshuffle Brings In Director From Its Majority Owner
Simply Wall St.9d agoneutral
Imperial Oil (TSX:IMO) Board Reshuffle Brings In Director From Its Majority Owner

Imperial Oil (TSX:IMO) announced a board change following the resignation of an existing director. A senior executive from ExxonMobil, Imperial Oil’s majority owner, has been appointed to the board as a new director. The move further links Imperial Oil’s governance to ExxonMobil through direct board representation. Consider reviewing other Canadian energy stocks with solid fundamentals alongside this board update in Imperial Oil as you explore 10 high quality undervalued stocks TSX:IMO...

Meta ordered to pay $567 million in New Mexico for teen mental health fund
Reuters9d agoneutral
Meta ordered to pay $567 million in New Mexico for teen mental health fund

Aug 6 (Reuters) - A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children's wellbeing. Judge Bryan Biedscheid in Santa Fe ruled the company had created a public nuisance in ‌New Mexico, siding with Attorney General Raúl Torrez, a Democrat.

Halozyme Therapeutics Q2 Earnings Call Highlights
MarketBeat9d agoneutral
Halozyme Therapeutics Q2 Earnings Call Highlights

Halozyme Therapeutics (NASDAQ:HALO) reported record second-quarter revenue and raised its full-year outlook, citing growth in royalty income from its ENHANZE drug-delivery platform, contributions from newer product launches and revenue from newly signed collaboration agreements. Total revenue rose

Gen Digital Q1 Earnings Call Highlights
MarketBeat9d agoneutral
Gen Digital Q1 Earnings Call Highlights

Gen Digital (NASDAQ:GEN) reported first-quarter fiscal 2027 results that exceeded its guidance, with revenue, bookings and earnings rising at double-digit rates as growth in trust-based solutions complemented continued momentum in its core cyber-safety business. Chief Executive Officer Vincent Pile

Five9 Q2 Earnings Call Highlights
MarketBeat9d agoneutral
Five9 Q2 Earnings Call Highlights

Five9 (NASDAQ:FIVN) reported second-quarter 2026 revenue of $312 million, up 10% from a year earlier and above the high end of its guidance range, as accelerating artificial intelligence revenue helped drive subscription growth. Subscription revenue rose 14% year over year, marking a third consecut

Funko Q2 Earnings Call Highlights
MarketBeat9d agoneutral
Funko Q2 Earnings Call Highlights

Funko (NASDAQ:FNKO) reported higher second-quarter sales, improved profitability and a raised adjusted EBITDA outlook as the collectible-products company said its “Make Culture POP!” strategy is gaining traction across regions, product categories and fan communities. Speaking during a presentation

Bloomberg9d agoneutral
AI Data Center Group Firmus Draws $2 Billion From Coatue, Nvidia

(Bloomberg) -- AI data center company Firmus raised $2 billion in a funding round backed by Coatue Management, Nvidia Corp., Blackstone Inc. vehicles and Jane Street, the company said. Most Read from BloombergIran Says Agreement on Hormuz Shipping Reached With OmanOpenAI’s New Device Will Be Hockey Puck-Sized and Cost Over $300Iran Wants to Bar US, Israeli Ships From Hormuz in Peace AccordIshbia’s Mortgage Firm Suffers Record Drop on Dividend HaltWhy Do Data Centers Use So Much Fresh Water?The i

Bank of America doubles down on SpaceX after earnings
TheStreet9d agoneutral
Bank of America doubles down on SpaceX after earnings

SpaceX (SPCX) stock investors are still reeling from a post-earnings sell-off, digesting a quarter dominated by soaring CapEx and growing questions over cash generation. Before the report, Wall Street was looking for strong headline numbers but remained mostly skeptical of its ability to expand AI, ...