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Coinbase CEO has blunt 2-word response to bank deposits
TheStreet27d agoneutral
Coinbase CEO has blunt 2-word response to bank deposits

Brian Armstrong, the co-founder and CEO of the Coinbase Global (Nasdaq: COIN) cryptocurrency trading exchange, has been among the most aggressive industry figures to get the Digital Asset Market Clarity Act passed in the U.S. Congress. But the legislation, which seeks to ...

Bloomberg27d agoneutral
UBS Trading Desk Says Buy Momentum Stocks as Selloff Nears End

(Bloomberg) -- The sharp selloff in momentum stocks may be nearing its end, creating an opportunity for investors to start rebuilding positions in artificial intelligence and semiconductor shares, according to UBS’ trading desk. Most Read from BloombergYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaUS Strikes Iran in Escalating Campaign After Troops KilledIran Says Mediators Stepping In After Days of US ClashesMoonshot’s Kimi K3 May Be More About Memory Than ComputeThousands of Truck

GM Earnings Are Coming. Are Investors Missing Out?
Barrons.com27d agobearish
GM Earnings Are Coming. Are Investors Missing Out?

General Motors reports second-quarter earnings on Tuesday morning, with investors seemingly confused about what to do with the stock. Coming into Tuesday trading, GM shares were down about 7% year to date, despite rising earnings estimates and a solid first-quarter earnings report. On Tuesday, Wall Street is looking for a quarterly adjusted operating profit of $3.7 billion from sales of $47 billion.

Jensen Huang's staggering $4 trillion bet shifts Nvidia
TheStreet27d agoneutral
Jensen Huang's staggering $4 trillion bet shifts Nvidia

The warehouses of computer servers powering artificial intelligence are growing so fast that their electricity appetite is beginning to reshape household budgets. The CEO of the company supplying most of the hardware in those facilities just laid out a projection that makes the current ...

Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push
Reuters27d agoneutral
Samsung launches first US credit card with Barclays, signals ambitions for deeper financial services push

Samsung Electronics on Monday launched its first U.S. co-branded credit card with Barclays, deepening its push into the financial services space ‌in the country and signaling plans to broaden its offerings in the future. The Samsung Galaxy ‌Card, issued by Barclays and running on Visa's network, will allow users to apply, manage accounts, track spending and redeem ​rewards entirely through Samsung Wallet. The credit card launch also puts Samsung in direct competition with Apple Pay, which dominates payment services in the U.S. The launch comes as technology companies and banks race ‌to deepen ties between digital wallets ⁠and financial products, seeking to make smartphones the primary device for payments and money management, and both Samsung and Barclays want to capitalize on it.

Investing.com27d agoneutral
SpaceX sets date for maiden earnings report: Why August 4 is make-or-break

SpaceX (NASDAQ: SPCX) has officially set the date for its premier earnings debut as a public company. The aerospace titan announced it will release its second-quarter 2026 financial and operational results after market close on Tuesday, August 4, 2026. Management will host a live, audio-only webcast to discuss the quarterly performance at 3:30 p.m. CT / 4:30 p.m. ET, with pre-registration and replays available via ir.spacex.com. While first-quarter earnings reports are always closely watched, th

Strong earnings growth needed to justify tech valuations, says expert
Reuters Videos27d agoneutralVIDEO
Strong earnings growth needed to justify tech valuations, says expert

<body><p>STORY: Citing Alphabet's Google and Elon Musk's Tesla as examples, Brown said that "to justify the high valuations that we see in a lot of those names, we would need to see good earnings growth, not just kind of your run-of-the-mill 10%, but you'd want to see higher earnings growth on top of good margins as well."</p><p>The second-quarter earnings season will pick up the pace this week, with results due from big names like Alphabet, Tesla, and Intel, broadening out the picture they provide of the health of corporate America.</p></body>

Rare Earth Stocks Slide On Oversupply Fears
Investor's Business Daily27d agoneutral
Rare Earth Stocks Slide On Oversupply Fears

Rare earth stocks have been a ticket for riding a roller coaster for over a year, but the latest descent has been particularly brutal. Downward momentum gathered steam last Thursday, after the International Energy Agency's Global Critical Minerals Outlook 2026 edition highlighted a planned surge in mining capacity well beyond expectations of refining and magnet production. MP Materials, USA Rare Earth, Critical Metals, Energy Fuels and American Resources all fell by more than 10% last week and some stocks continued to fall on Monday.

Alibaba signals shift in AI coding war with Anthropic
TheStreet27d agoneutral
Alibaba signals shift in AI coding war with Anthropic

There are only two AI leaders that matter in the fight for coding supremacy right now, and neither is backing down from the other. Anthropic’s Claude Fable 5 remains the benchmark every Chinese lab measures itself against, and two different companies made that exact comparison within three days. ...

Bloomberg27d agobullish
Citigroup-Led Bank Group Plans Debt Deal for Veritas’ BGIS Buy

(Bloomberg) -- A group of lenders led by Citigroup Inc. is preparing a $1.5 billion leveraged loan to support Veritas Capital Fund Management LLC’s acquisition of Canadian building management company BGIS, according to people with knowledge of the transaction.Most Read from BloombergYemen’s Houthis to Impose Maritime Blockade on Saudi ArabiaUS Strikes Iran in Escalating Campaign After Troops KilledIran Says Mediators Stepping In After Days of US ClashesMoonshot’s Kimi K3 May Be More About Memory