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Palantir Cashes In on Its Early SpaceX Bet As IPO Windfall Juices Quarterly Earnings
Benzinga1d agobearish
Palantir Cashes In on Its Early SpaceX Bet As IPO Windfall Juices Quarterly Earnings

Palantir Technologies Inc. (NASDAQ:PLTR) reported unrealized gains from its investment in Space Exploration Technologies Corp. (NASDAQ:SPCX), boosting its second-quarter earnings, making it the latest major technology company to benefit from the Elon Musk-led company’s blockbuster public debut. SpaceX Stake Added to Quarterly Earnings During the company’s second-quarter earnings call on Monday, CFO David Glazer said unrealized gains from the company’s SpaceX investment contributed $0.03 to GAAP

Jeff Bezos Plans to Sell $4.07 Billion Worth of Amazon Stock as Shares Shoot Up Over 20% After Earnings: Jim Cramer Calls it 'Buzzkill'
Benzinga1d agobearish
Jeff Bezos Plans to Sell $4.07 Billion Worth of Amazon Stock as Shares Shoot Up Over 20% After Earnings: Jim Cramer Calls it 'Buzzkill'

Amazon.com, Inc. (NASDAQ:AMZN) founder and executive chairman Jeff Bezos is planning to sell up to 15 million Amazon shares worth approximately $4.07 billion. Bezos’ Amazon Stock Sale Is Tied to a Prearranged Trading Plan A Form 144 filing submitted to the Securities and Exchange Commission on Monday showed that Bezos intends to sell 15 million shares of Amazon common stock through Morgan Stanley Smith Barney LLC. The proposed transaction was valued at approximately $4.07 billion based on the ma

Snap (SNAP) Misses Q2 Earnings Estimates
Zacks1d agobearish
Snap (SNAP) Misses Q2 Earnings Estimates

Snap (SNAP) delivered earnings and revenue surprises of -14.29% and +4.31%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Snap Loss Narrows on Higher Revenue After Cost Cuts
The Wall Street Journal1d agobearish
Snap Loss Narrows on Higher Revenue After Cost Cuts

Chief Financial Officer Doug Hott said in prepared remarks that changes to the company’s cost structure are increasingly visible in its results, with its total adjusted cost structure rising just 4%.

Stocks Rally as Oil Drops on Hormuz Diplomatic Hopes
The Wall Street Journal1d agobearish
Stocks Rally as Oil Drops on Hormuz Diplomatic Hopes

Brent crude fell almost 5% on hopes of reopening the Strait of Hormuz, while U.S. stock indexes posted strong gains. Iran said Monday that there weren’t any talks under way with the U.S. nor were any meetings planned, after President Trump said the day before he had called off a major strike on the country to provide more time for negotiations. The Nasdaq jumped 2.1%, the S&P 500 rose 1.5%, and the Dow industrials gained 1.3%.

Major crypto exchange eyes IPO amid market slump
TheStreet1d agobearish
Major crypto exchange eyes IPO amid market slump

The Bithumb crypto exchange is preparing for a 2028 initial public offering (IPO) after reorganizing its business and setting out a two-year program to strengthen accounting, compliance and risk controls. South Korea’s largest cryptocurrency exchange said it expects to complete internal-control ...

92-year-old freight company turns rival bankruptcy into profit
TheStreet1d agobearish
92-year-old freight company turns rival bankruptcy into profit

In business, losing a bidding war is usually bad news. Old Dominion Freight Line (ODFL) lost one in 2023, and that defeat quietly became one of the smartest financial decisions in the company’s history. The rival on the other side of that story was Yellow Corp, a nearly 100-year-old carrier that ...

Morgan Stanley downgrades Circle, slashes price target by 64%
TheStreet1d agobearish
Morgan Stanley downgrades Circle, slashes price target by 64%

Morgan Stanley downgraded stablecoin issuer Circle (NYSE: CRCL) to Underweight on Aug. 3 and cut its price target by nearly 64% to $38 from $106, delivering Wall Street's most bearish call on the stock just two days before the company reports second-quarter earnings. The investment bank cited ...

How the S&P 500 Survives a Chip Meltdown Without Falling Into a Bear Market
Barrons.com1d agobearish
How the S&P 500 Survives a Chip Meltdown Without Falling Into a Bear Market

Chip stocks have taken it on the chin lately, but worries about the AI trade don’t have to bring down the entire market. The S&P 500’s information technology and communications sectors fell 15% from June 1 through July 29, when the Federal Reserve announced it was holding the fed-funds rate steady, strategist Jim Paulsen wrote Monday on Substack. The overall S&P 500 ended up down less than 4%.

Investing.com2d agobearish
UBS downgrades NXP to Neutral on China auto risks, trims PT to $270

Investing.com -- UBS downgraded NXP Semiconductors to Neutral from Buy, arguing that while the analog semiconductor upcycle is gaining momentum, the company's growth outlook is becoming less compelling due to rising risks of a China automotive inventory correction and relatively limited exposure to AI infrastructure spending.

Bloomberg2d agobearish
Strategy Sells More Bitcoin, Stock as It Pushes on With Overhaul

(Bloomberg) -- Michael Saylor’s Strategy Inc. is plowing ahead with its pivot from relentlessly buying Bitcoin to focusing on shoring up its capital structure by raising its reserve via sales of the token and its own shares. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedSaudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosAlibaba Adds to China AI Breakthroughs With New Qwen Model Trump Says Iran Talks to Begin Monday After Scrapping AttackSingapore's Gated Isl

Strategy Sells $105 Million of Bitcoin
The Wall Street Journal2d agobearish
Strategy Sells $105 Million of Bitcoin

Strategy, the bitcoin-hoarding firm founded by Michael Saylor, said it sold 1,638 bitcoin last week to fund preferred stock dividends and repurchases. The sale, which raised about $105 million, comes after the company unveiled a turnaround plan last month aimed at shoring up investor confidence. After the recent sale, Strategy still holds 842,138 bitcoin, worth about $53 billion at current prices.