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Lumentum AI pivot triggers massive Nasdaq 100 shakeup
TheStreet106d agoneutral
Lumentum AI pivot triggers massive Nasdaq 100 shakeup

Some companies spend decades on the Nasdaq without ever cracking the inner circle. Then one Friday afternoon, an announcement changes everything. That very scenario just happened to Lumentum Holdings (LITE). Nasdaq announced it would replace CoStar Group (CSGP) with Lumentum in the Nasdaq-100 Index ...

Wall Street Puts Blockchain to Work in $13 Trillion Repo Market
Bloomberg106d agoneutral
Wall Street Puts Blockchain to Work in $13 Trillion Repo Market

(Bloomberg) -- JPMorgan Chase & Co. spent hundreds of millions of dollars over the course of more than a decade developing systems using blockchain, a novel technology that was supposed to radically upend financial markets, but has yet to become a game-changer.Most Read from BloombergIran Makes New Offer on Uranium in Response to US, WSJ SaysInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyIran Says It’s Deployed Mini Subs in Contest to Control HormuzEpstein's Black Card: How He

On Holding reports record quarter but faces 'aggressive Nike fightback'
Proactive106d agoneutral
On Holding reports record quarter but faces 'aggressive Nike fightback'

Shares in On Holding AG jogged higher in New York pre-market trading after the Swiss sportswear brand backed by Swiss tennis legend Roger Federer reported record first-quarter sales and raised its profit margin outlook after making further progress in Asia and in clothing. Net sales rose...

Bytes Technology Group H2 Earnings Call Highlights
MarketBeat106d agoneutral
Bytes Technology Group H2 Earnings Call Highlights

Bytes Technology Group (LON:BYIT) reported higher full-year gross invoice income and modest gross profit growth, while operating profit declined as Microsoft incentive changes and internal sales realignment weighed on performance. Chief Executive Sam Mudd said the software solutions provider made “

Imperial Brands H1 Earnings Call Highlights
MarketBeat106d agoneutral
Imperial Brands H1 Earnings Call Highlights

Imperial Brands (LON:IMB) said it remained on track to meet its full-year targets after reporting first-half growth in tobacco and next-generation products net revenue, while management highlighted one-off headwinds in the U.S. and Australia and continued progress on its Evolve 2030 strategy. Chief

EBay rejects GameStop's $56 billion bid as 'neither credible nor attractive'
Reuters106d agoneutral
EBay rejects GameStop's $56 billion bid as 'neither credible nor attractive'

EBay on Tuesday rejected an ambitious $56 billion takeover bid from the much smaller GameStop on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth. EBay ‌stock has been trading far below the offer price of $125 per share since the bid was made earlier this month. It fell 1% to $107 before the bell, while ​GameStop was down 4%.

Netflix spent over $135 billion on film, TV over last decade
Reuters106d agoneutral
Netflix spent over $135 billion on film, TV over last decade

Netflix has invested over $135 billion in films and television series over the past decade, ‌the company said on Tuesday, underscoring the dominance of ‌the streaming giant and the growth of on-demand entertainment. During the same period, ​Netflix contributed more than $325 billion to the global economy and created over 425,000 jobs on productions, it said. The Los Gatos, California-based company is one of the world's largest video streaming platforms, ‌with over 325 million ⁠paid members as of the end of 2025, having pioneered at-home video entertainment and producing original ⁠intellectual properties that have dominated popular culture.

Amazon looks to redefine a need for speed with 30-minute deliveries
Associated Press106d agoneutral
Amazon looks to redefine a need for speed with 30-minute deliveries

More than 20 years after it redefined fast shipping, Amazon is preparing to raise the bar on consumer expectations again by offering to fulfill customers' most urgent product needs in a half-hour or less for an extra fee. The company, which revolutionized online shopping in 2005 with two-day deliveries for Prime members, is rapidly opening small order-processing hubs in dozens of U.S. and foreign cities to cater to shoppers who can't or don't want to wait for cough medicine to relieve flu symptoms or tomatoes for tonight's dinner salad. The ultrafast service, called Amazon Now, first launched in India last June.

Tesla’s robotaxi rollout features Texas-sized wait times
Reuters106d agoneutral
Tesla’s robotaxi rollout features Texas-sized wait times

When Tesla announced an expansion of its robotaxis to Dallas and Houston last month, some investors touted momentum for CEO Elon Musk’s mission to transform the electric-vehicle maker into an AI-powered, driverless-tech giant. Reuters reporters who recently tested Tesla’s robotaxis in those cities, however, found them to be still in a beta-testing phase. Tesla did not respond to requests for comment for this story.

Samsung Elec union threatens to walk out of pay talks if no mediation proposal
Reuters106d agoneutral
Samsung Elec union threatens to walk out of pay talks if no mediation proposal

Samsung Electronics' labour union in South Korea said on Tuesday it would walk out ‌of ongoing pay negotiations if no mediation proposal was ‌offered within two hours. The company is sticking to its proposal of assigning 10% of operating profit to a performance bonus pool, union representative Choi Seung-ho told reporters. He ‌said it has been ⁠waiting for a mediation proposal for three hours.

TikTok challenges EU 'gatekeeper' status at Europe's top court
Reuters106d agoneutral
TikTok challenges EU 'gatekeeper' status at Europe's top court

Bytedance's social media platform TikTok on Tuesday made a last- ditch attempt at Europe's top court to scrap its ‌designation as a "gatekeeper" under EU rules, which require it to meet tougher standards ‌as regulators seek to curb the power of Big Tech. The case--the first EU Digital Markets Act "gatekeeper" challenge heard by ​the EU Court of Justice--could bolster or weaken Europe's attempt to rein in Big Tech to ensure competition and more choice for users.

Despite the War, Energy Stocks Are Cheap
The Wall Street Journal106d agoneutral
Despite the War, Energy Stocks Are Cheap

The world is in the middle of a historic oil crisis, yet the biggest bargains on Wall Street can be found in U.S. energy stocks. The price of the energy basket in the S&P 500 is just 2% higher than where it was before the war, when oil futures were close to $70 a barrel and the world had a supply glut. Today, oil prices are closer to $100 a barrel and the world has lost roughly a billion barrels of oil supply.