Latest News
Apple Watch Redesign Rumors Spotlight $7.9B Wearables Business
Apple is exploring a major Apple Watch redesign, according to Bloomberg's Mark Gurman. Wearables revenue reached $7.88B in Q3, up 6.5%, but growth lags overall company performance.
Plug Power Slips 3.5% as Cash Burn Raises Funding Concerns
Plug Power shares dropped 3.5% after reporting Q2 cash usage of $61 million, raising liquidity concerns. Revenue rose to $178 million, but breakeven margins remain a challenge.
Amazon Stock Soars 4% on AI Optimism, Adding $110B to Market Cap
Amazon shares jumped 4% to $266.43, boosting market value by $110B, after Evercore ISI raised its price target to $355 on AI-driven AWS growth, despite negative free cash flow.
Keel Infrastructure Slips 8% on AI Pipeline Lease Uncertainty
Keel Infrastructure shares dropped 8% on Friday, erasing $173M in market value, as the company's AI data center pipeline awaits key lease agreements.
Aon Nears $17B USI Buyout, Valuing Broker at 5.7x Sales
Aon is finalizing a $17 billion acquisition of USI Insurance, a deal that values the broker at 5.7 times its $3 billion revenue. The move underscores Aon's aggressive consolidation strategy.
Nu Holdings Tumbles 3.9% as Credit Risks Cloud Record Profit
Nu Holdings (NU) shares dropped 3.9% to $14.30, wiping out $2.8B in market value, as rising delinquencies to 6.9% tempered record Q2 earnings.
Nokia Slumps 3.6% as Rate Worries Weigh on Rich Valuation
Nokia's US-listed shares dropped 3.6% to $10.21, wiping out $2.2 billion in market cap, as rising rate concerns pressure its premium earnings multiple.
BitMine Stock Slides 7.1% as Ether Treasury Discount Widens
BitMine (BMNR) dropped 7.1% to $23.80, valuing the firm at $14.37B—3.5% below its disclosed $14.9B treasury. A 10% Ether fluctuation impacts gross holdings by $1.43B.
UiPath Options Signal 11% Swing as Q2 Earnings Loom
UiPath shares slipped 1% as options traders anticipate an 11% swing after Q2 earnings. Q1 revenue grew 17%, but Q2 guidance points to deceleration, pressuring valuation.
American Airlines Dips 0.6% as Record Revenue Meets Fuel Cost Surge
American Airlines stock slipped 0.6% on Friday despite record Q2 revenue, as a surge in fuel costs pressured margins. The carrier announced seven new international routes for 2027.
PayPal Plunges 12.7% After $53B Buyout Collapse
PayPal shares tumbled 12.7% on Friday after a $53 billion takeover bid by Advent and Stripe fell apart, erasing $6.9 billion in market value. The stock closed at $53.66, below the $60.50 offer.
Circle's USDC Sponsors Chelsea FC in Landmark Sports Deal
Circle's USDC will feature on Chelsea FC shirts for the 2026/27 season, boosting global visibility. USDC circulation stands at $73.7B, but CRCL shares dropped 7.59% Friday.