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S&P 500 Nears a Fresh Record High as Tech Stocks Gain
Barrons.com4d agobullish
S&P 500 Nears a Fresh Record High as Tech Stocks Gain

Stocks searched for direction, with the S&P 500 trading less than 1% off its record high. The S&P 500 was roughly flat at 7767.84, just under its 7798.99 record close set on August 13. The Dow Jones Industrial Average fell 0.

GameStop CEO Cohen Buys Another $26 Million in Stock. His Purchases Have Been Good for Shares.
Barrons.com4d agobullish
GameStop CEO Cohen Buys Another $26 Million in Stock. His Purchases Have Been Good for Shares.

GameStop CEO Ryan Cohen added another trove of shares to his stake in the videogame retailer, and investors have again reacted positively to his purchases. Cohen bought 1.1 million shares for about $22.93 each on Monday, according to a filing with the Securities and Exchange Commission. Director Alain Attal also purchased 17,600 shares, raising his stake to about 619,000 shares, according to a regulatory filing.

x402’s $50B Scale Gives Solana an AI Payments Edge
Cryptonews4d agoneutral
x402’s $50B Scale Gives Solana an AI Payments Edge

Solana’s x402 protocol has processed roughly $50 billion in volume and connected about 150,000 merchant endpoints, according to a Solana Foundation and Coinbase webinar recap. XRP Ledger has since documented its own x402 implementation settling in XRP and RLUSD, while Cardano remains a name attached to the conversation without comparable ...

David Zapolsky on Amazon's Scale, Infrastructure and AI Future
WSJ4d agoneutralVIDEO
David Zapolsky on Amazon's Scale, Infrastructure and AI Future

David Zapolsky has witnessed Amazon’s growth since his arrival at the company in 1999. Now the chief global affairs and legal officer, he discusses the company’s AI infrastructure strategy, sustainability commitments and regulatory standards.

Is It Too Early To Buy Adobe Stock Before Its Free Users Pay Off?
Trefis4d agobullish
Is It Too Early To Buy Adobe Stock Before Its Free Users Pay Off?

Adobe (ADBE) stock has lost about a third of its value over the past year, while the S&P 500 (SPY) gained about 18%. It has already bounced 28% in three months. Yet near $250 it still sits about 32% below its 52-week high. At current levels, multiple expansion appears largely contingent upon Adobe's ability to monetize its rapidly expanding freemium base before core top-line growth decelerates.

Investing.com4d agoneutral
Exclusive: SB Energy Nasdaq IPO moving forward as planned

Investing.com -- SB Energy’s multi-billion-dollar initial public offering is advancing according to plan, a person familiar with the matter told Investing.com, dispelling reports of a delay. However, the source did not explicitly state when the IPO would take place, noting only that internal preparations are proceeding as intended. The clarification follows SB Energy’s amended S-1 filing with the U.S. Securities and Exchange Commission (SEC) yesterday, which confirmed that preparations for listi

How SoFi Is Turning Its Consumer App Into A Stablecoin Proving Ground
Investor's Business Daily4d agoneutral
How SoFi Is Turning Its Consumer App Into A Stablecoin Proving Ground

SoFi Technologies (SOFI) and Mastercard on Tuesday said their stablecoin partnership is fully operational and handling real transactions. SoFi stock climbed on the news. Under the partnership, SoFi's debit and credit card program with more than $25 billion in annualized volume has shifted to Mastercard's payment network using its bank-issued stablecoin. The companies announced the partnership in March. With the...