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📈 Earnings Snippet: GameStop
The Wall Street Journal17d agoneutral
📈 Earnings Snippet: GameStop

GameStop on Tuesday posted a second-quarter profit of $298.7 million, compared with $168.6 million a year earlier. The videogame retailer’s net income came within the forecast range it had given last month.

Can Robinhood compete with banks after underwriting Oura's IPO?
Yahoo Finance Video17d agoneutralVIDEO
Can Robinhood compete with banks after underwriting Oura's IPO?

Great Hill Capital Chairman and Managing Member Thomas Hayes and AllSource Investment Management founder and Managing Partner Patrick Kennedy join Yahoo Finance Executive Editor Brian Sozzi to discuss Robinhood (HOOD) serving as the underwriter for Oura ahead of its IPO and whether the platform is accumulating a reputation as a bank.

Inflation Concerns Weigh on Stocks
Barchart17d agoneutral
Inflation Concerns Weigh on Stocks

The S&P 500 Index ($SPX ) (SPY ) is down -0.32% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.04%. E-mini S&P futures (ESU26 ) are down -0.33%, and September E-mini Nasdaq futures (NQU26...

Novartis and Boston Scientific Slide, Intel Price Hikes | Stock Movers
Bloomberg17d agoneutralVIDEO
Novartis and Boston Scientific Slide, Intel Price Hikes | Stock Movers

On this episode of Stock Movers: - Novartis (NOVN) shares are lower as it suffered its third clinical-trial setback in a week after a treatment for a rare muscle-wasting disease failed a late-stage study. - Boston Scientific (BSX) shares are moving on news it said that fallout from a cybersecurity incident has impacted its ability to ship its products to customers and will cause the medical devices company to miss its sales growth and earnings estimates for the year. - Intel (INTC) is rising on a report that the company could raise computer chip prices next month.

Anthropic delays IPO to October: What that could mean for the AI player
Yahoo Finance Video17d agoneutralVIDEO
Anthropic delays IPO to October: What that could mean for the AI player

Anthropic (ANTH.PVT) may be shifting its IPO launch date to mid-October, according to Reuters. Morning Brief Host Julie Hyman is joined by Yahoo Finance Breaking Business News Reporter Jake Conley and TMX Wall Street Horizon head of corporate event research Christine Short to discuss how the private AI developer now finds its IPO stuck between a rock and a hard place: a public offering in September — a time usually tough for markets — or October, right before the US midterm elections.

GameStop Profit Rises, Boosts Full Year Outlook
The Wall Street Journal17d agoneutral
GameStop Profit Rises, Boosts Full Year Outlook

GameStop reported higher profit in its latest quarter, boosted by an increase in collectibles sales, and raised its full-year outlook. The videogame retailer on Tuesday posted a second-quarter profit of $298.7 million, or 51 cents a share, compared with $168.6 million, or 31 cents a share, a year earlier. Adjusted earnings per share were 27 cents.

Investing.com17d agoneutral
JPMorgan starts FedEx Freight at Overweight on post-spin turnaround

Investing.com -- In a note to clients on Tuesday, JPMorgan initiated coverage of FedEx Freight with an Overweight rating and a December 2027 price target of $160, arguing the recent spin-off gives North America's largest less-than-truckload carrier room to improve profitability and service as a stand-alone company.

Robinhood Strikes Prediction-Market, Equity Deal With OG.com
Bloomberg17d agoneutral
Robinhood Strikes Prediction-Market, Equity Deal With OG.com

Robinhood Markets Inc. will take equity stakes in Crypto.com and its prediction-markets platform spinoff OG.com as part of a multiyear agreement that will add another provider of event contracts to the brokerage’s predictions business.

Circle Doubles Down on Stablecoin Payments With Tazapay Acquisition
Benzinga17d agoneutral
Circle Doubles Down on Stablecoin Payments With Tazapay Acquisition

Circle Internet Group Inc. (NYSE:CRCL) said Tuesday it signed a definitive agreement to acquire Singapore-based cross-border payments platform Tazapay. Financial terms of the transaction were not disclosed.The deal is expected to close in 2027. It remains subject to customary conditions and regulatory approvals, including clearance from the Monetary Authority of Singapore.Expands Global Payments ReachTazapay provides business-to-business payment infrastructure to payment service providers and fi

AI Infrastructure Will Cost Trillions More
The Wall Street Journal17d agoneutral
AI Infrastructure Will Cost Trillions More

Global spending on AI infrastructure is expected to reach a whopping $31.6 trillion through 2050, according to projections from PricewaterhouseCoopers. Right now, annual data center capital expenditure lands roughly at $800 billion, but that’s expected to increase to $1.8 trillion in 2050. For one, unlike traditional infrastructure booms—which taper off after the initial build-out—AI infrastructure investment is expected to accelerate, according to PwC’ s Global Data Centre Outlook.

Qualcomm Signs Deal to Provide Amazon With Custom AI Chips
Bloomberg17d agoneutral
Qualcomm Signs Deal to Provide Amazon With Custom AI Chips

Qualcomm Inc., the largest maker of smartphone processors, said it’s signed up Amazon.com Inc. as a data center chip customer in a deal that will span “multiple generations” and gives Amazon the right to acquire as much as $4 billion in shares.