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Why Is Newmont Stock Surging Friday?
Benzinga16d agoneutral
Why Is Newmont Stock Surging Friday?

Newmont Corporation (NYSE:NEM) stock traded higher Friday as strong gold prices and a board appointment supported sentiment around the gold miner. Nasdaq futures rose 0.76%, while S&P 500 futures gained 0.46%.Record Gold Prices Support NewmontSpot gold traded above $4,500 an ounce Friday and headed for a third consecutive weekly gain, according to Trading Economics.Investors turned to safe-haven assets amid volatility in currency and bond markets. Higher oil prices also fueled inflation concerns

Samsung Plots Mega Buyback After AI Windfall
The Wall Street Journal16d agoneutral
Samsung Plots Mega Buyback After AI Windfall

$79 Billion That's roughly how much Samsung could distribute under its new share buyback at current exchange rates. The Korean memory-chip maker said it will buy back 90 trillion won to 110 trillion won of shares as it benefits from the artificial-intelligence boom.

Exclusive-Dutch regulator fines Uber $966 million for automating driver suspensions, document shows
Reuters16d agoneutral
Exclusive-Dutch regulator fines Uber $966 million for automating driver suspensions, document shows

The Dutch Data Protection Authority (AP) has decided to fine Uber €825 million ($966 million) under European data protection rules ‌for deactivating driver accounts through automated systems without adequately informing them, ‌according to an August 17 decision reviewed by Reuters. The penalty would be the second-largest ever issued ​under Europe's General Data Protection Regulation, behind a €1.2 billion fine imposed on Meta by Ireland in 2023 for unlawfully transferring European Facebook users' data to the United States, which Meta is appealing. Uber said it would also appeal.

SpaceX shares unlock, and BJ's earnings take center stage
Yahoo Finance Video16d agoneutralVIDEO
SpaceX shares unlock, and BJ's earnings take center stage

Asking for a Trend Host Josh Lipton breaks down what investors should be watching on Friday, August 21, including SpaceX (SPCX), where 319 million currently held shares are set to unlock and become available for trading. BJ's Wholesale Club (BJ) is also set to report second-quarter earnings. Here's what investors need to know heading into Friday's market.

Synaptics CFO Resigns, Company Skips Successor Search Before Merger
Benzinga16d agoneutral
Synaptics CFO Resigns, Company Skips Successor Search Before Merger

Synaptics Inc (NASDAQ:SYNA) shares are up during Friday’s premarket session, trading higher by almost 2% as the company announced a transition in its executive leadership. The stock’s movement comes in tandem with a broader positive sentiment in the market, with S&P 500 futures gaining 0.4%. CFO Transition Synaptics CFO Ken Rizvi has resigned effective immediately to pursue another opportunity. He will remain as an adviser through September 30, 2026, to support the transition. The company will n

Dividend Tourists Find Way To Triple S&P 500's Puny Yield
Investor's Business Daily16d agoneutral
Dividend Tourists Find Way To Triple S&P 500's Puny Yield

Tired of collecting the S&P 500's paltry 0.9% dividend? Prepare to take your money overseas. The rising weight of low-yielding tech giants in the S&P 500 — and rising stock prices — are pushing the index's yield lower.

Walmart Is Playing the Long Game by Lowering Prices
The Wall Street Journal16d agoneutral
Walmart Is Playing the Long Game by Lowering Prices

Walmart’s finance chief had a message Thursday for analysts pressing the company on its decision to cut prices: Give it time. Walmart said it rolled back prices on more than 11,000 items, including ground beef, citing the ongoing strain on consumers of inflation and high gas prices. The move comes after the company received tariff refunds worth about $2.9 billion, which it’s using to fund the price cuts.

Walmart’s E-Commerce Sales Rise as Deliveries Accelerate
The Wall Street Journal16d agoneutral
Walmart’s E-Commerce Sales Rise as Deliveries Accelerate

Walmart said its U.S. e-commerce sales rose 24% in the second quarter, with more than 40% sales growth in deliveries fulfilled at its stores. CEO John Furner said Walmart has now expanded deliveries of 30 minutes or less into 38 U.S. markets. The number of units delivered in less than half an hour has doubled in the current quarter from a year ago, and 70% of all e-commerce orders are getting delivered on the same day or better, CFO John David Rainey said.

How Index Funds Went From Being Mocked to Feared in 50 Years
The Wall Street Journal16d agoneutral
How Index Funds Went From Being Mocked to Feared in 50 Years

Index funds went from a punchline to the investing world’s 800-pound gorilla. This month marks the 50th anniversary of the Vanguard First Index Investment Trust, now Vanguard 500, the original way for individuals to passively own the S&P 500 index. Founder Jack Bogle raised just $11 million, about a 10th what he had hoped, and it was dubbed “Bogle’s Folly.”

What Back-to-School Says About the Economy
The Wall Street Journal16d agoneutral
What Back-to-School Says About the Economy

Spending on K-12 and back-to-college combined is expected to hit a record of nearly $147 billion, according to the National Retail Federation. “Customers are responding to just absolutely fantastic investments in price,” Walmart’s U.S. CEO David Guggina said yesterday during the company’s earnings call that highlighted the cost pressures facing consumers. “We have a list of 14 key items that are priced less than what we saw in 2019,” he also said of the store’s school supplies, citing examples from the store’s Pen+Gear brand, which has crayons for 25 cents and No. 2 pencils for 92 cents.

BofA's Hartnett Sees Pressure on Risk Assets If Bond Plan Fails
Bloomberg16d agoneutral
BofA's Hartnett Sees Pressure on Risk Assets If Bond Plan Fails

A failure in the US Treasury's plan to tame long-term bond yields would pressure the dollar and spur short bets against riskier assets in the lead-up to November midterm elections, according to Bank of America Corp. strategist Michael Hartnett.

Samsung Elec sees up to $79.5 billion available for 2026 shareholder returns
Reuters16d agoneutral
Samsung Elec sees up to $79.5 billion available for 2026 shareholder returns

Samsung Electronics said ‌on Friday it ‌has available about 90 trillion ​won to 110 trillion won ($65 billion to $79.5 billion) for shareholder ‌returns in ⁠2026, subject to business performance, investment ⁠and cash flow. Samsung plans to distribute ​about 30 ​trillion ​won in ‌cash dividends in the third quarter, including regular quarterly dividends, it said in a ‌regulatory filing. The board ​will decide ​remaining ​payouts in ‌January 2027, with cash ​dividends, ​share buybacks and share cancellations to ​be ‌considered.

Anthropic to file for IPO that could top SpaceX record
Proactive16d agoneutral
Anthropic to file for IPO that could top SpaceX record

Anthropic, the artificial intelligence company behind the Claude chatbot, is preparing to publicly file paperwork for an initial public offering as soon as the end of this month. The listing could match or surpass the record $75 billion flotation completed in June by SpaceX, Elon Musk's...

Stock Market: Will S&P 500 Open Up or Down Today?
Benzinga Prediction Markets16d agoneutral
Stock Market: Will S&P 500 Open Up or Down Today?

U.S. stock futures are posting slight gains heading into Friday morning as investors weigh rising geopolitical risks against a backdrop of manageable domestic inflation and resilient financial conditions. The Polymarket (CRYPTO: POL) crowd is leaning bullish for the Aug. 21...