Investing.com -- Morgan Stanley downgraded its view on cross-border e-commerce platform Global-e Online to Equal-weight from Overweight, saying the market now better reflects the company’s durable growth and competitive position. The bank nevertheless raised its price target to $44 from $37 as it rolled its valuation framework forward to 2028 and incorporated the impact of the Passport acquisition.
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Investing.com -- Rocket Lab Corp (NASDAQ:RKLB) reported second quarter results that missed earnings expectations despite posting record revenue, with shares falling 1.6% in after-hours trading Monday.
Hims & Hers Health shares are down after the telehealth firm reduced the top end of its adjusted Ebitda forecast for the full year. Madison Muller reports on "Bloomberg The Close."
Hims faces restructuring charges as it shifts its U.S. weight-loss business away from compounded GLP-1 medications.
U.S. stocks fell as Iran’s refusal to reopen the Strait of Hormuz caused another spike in oil prices and inflation fears.
Tesla (TSLA) just reminded Wall Street that its retail investor base still has unusual power. Tesla shares surged about 6% last week, rebounding from three weeks of losses as retail investors aggressively bought the drop. Retail inflows were about $372 million during five trading days, compared ...
Shares of the SpaceX rival have risen nearly 80% over the past year on higher revenue and a growing backlog of orders.
The second quarter earnings season is beginning to wind down, with nearly 90% of S&P 500 (^GSPC) companies having already reported.
The company is fighting to protect itself from liability in multiple cases of social media addiction and a potentially crushing wave of payouts.
Platforms like Meta, TikTok, Snapchat, and Google are facing a long road of litigation.
The appeals court ruled Section 230 provides a liability defense, not immunity, making Meta's appeal premature
The rocket company's stock hit its offering price Monday for the first time since July 15, recovering from a close as low as $108.27
By Diana Novak Jones Aug 10 (Reuters) - A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet's Google, ByteDance's TikTok, and other social
Monday.com’s reported adjusted earnings of $1.48 a share, beating expectations. But revenue guidance for the third quarter comes in a bit soft for Wall Street.
Two AI optics darlings that posted triple-digit gains this year are suddenly selling off hard, and the reason has less to do with bad news than with what investors are bracing for this week.
The Trade Desk (TTD) has reported the kind of profits that could shift how Wall Street values a growth stock permanently. The digital-advertising company’s shares plunged roughly 22% on Aug. 7, according to Barron's, falling to their lowest level since January 2019 and becoming the S&P 500’s ...
A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet's Google, ByteDance's TikTok, and other social media companies over claims they designed their products to be addictive to young users. The San Francisco-based 9th U.S. Circuit Court of Appeals rejected the companies’ bid to reverse a lower court’s ruling forcing them to face some 2,400 lawsuits over the claims filed in federal court. The companies, which also include Snap Inc's Snapchat, had argued that Section 230 of the Communications Decency Act of 1996 - which shields them from lawsuits over content posted by their users - also shields them from allegations that they failed to warn the public about the addictive nature of their platforms.
According to TheFly, HSBC noted that Trade Desk is staring at an increasingly competitive operating environment across the advertising technology supply chain in the middle of AI-accelerated structural shifts away from the open web.
Monday.com (MNDY) guided its third-quarter revenue below Wall Street's estimates on Monday, even as
Barrick Gold Corp. (TSX:ABX, NYSE:GOLD) shares fell 8% on Monday after the company reported second quarter results that showed strong year-over-year growth but came in below Wall Street estimates. The company reported adjusted earnings of $0.82 per share for the quarter, below the $0.84...
Bitdeer Technologies Group (NASDAQ:BTDR) shares gained 1. 65% in pre-market trading on Monday despite the Bitcoin mining and AI infrastructure company reporting second-quarter earnings and revenue below Wall Street expectations.
GT's Q2 loss widens as volume pressure weighs on results, while Asia Pacific gains and cash flow improvements offer support.
OKLO's Q2 performance reflects rising project execution costs, emerging acquisition-driven revenues and increased spending as nuclear development accelerates.
Shares of eBay were down around 3% in morning trading after a report that GameStop is weighing withdrawing its bid for the online auction company. GameStop CEO Ryan Cohen is considering proposing a partnership or joint venture that would let eBay use GameStop's retail locations, Bloomberg reported.
(Bloomberg) -- Michael Saylor’s Strategy Inc. spent another week revising the company’s capital structure by selling more Bitcoin and common shares to bolster its cash reserve. Most Read from BloombergChina Unleashes $28 Trillion Capital Markets to Challenge US in AIIran Shakes Up Security Team After Saying Oman Deal ‘Very Close’Stocks Waver Near Record Highs, Crude Oil Advances: Markets WrapTrump Amps Up Pressure on Billionaire Sargeant to Exit VenezuelaIran Says Hormuz Deal Close But Its Condi
Barrick earnings fell short as oil prices pushed up costs. A Newmont deal could ease the way for a North America IPO.
Monday stock fell amid Q2 earnings that topped estimates while the software maker's revenue guidance missed.
Investing.com -- Intel Corporation (NASDAQ:INTC) shares dipped 3.3% after the chipmaker dropped a surprise announcement: a proposed $15 billion underwritten public offering of common stock. While the massive capital raise will dilute current shareholders, Intel’s leadership is framing it as a strategic power move. The company plans to funnel the net proceeds directly into general corporate coffers, heavy-duty capital expenditures, and day-to-day working capital to fuel its ongoing turnaround. Ma