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Planet Labs Stock Retreats Despite Record Revenue as Backlog Drops
Planet Labs (PL) posted record quarterly revenue, but a shrinking backlog and soft Q3 guidance sent shares lower after an initial premarket spike.
Apple's iPhone 18 Price Hike: Can Revenue Survive a 9% Drop in Sales?
Apple's iPhone 18 may see a 10-20% price surge, potentially offsetting a 9% unit drop. Shares remain steady as investors digest the impact.
Gold Slides 1.7% as Strong August Jobs Report Dims Rate-Cut Hopes
Gold futures tumbled 1.7% as a robust August jobs report (162,000 new jobs) reduced expectations for a Fed pause, sending stocks lower and the dollar higher.
Norway's $80B Treasury Cut Proposal Keeps Dollar Allocation Nearly Flat
Norway's sovereign wealth fund has proposed a major shift in its bond portfolio, reducing U.S. Treasury holdings by $80 billion while keeping dollar exposure nearly unchanged. The plan awaits government approval.
SunPower Shares Tumble 17% Premarket Following 103M Share Dilutive Offering
SunPower (SPWR) fell 17% premarket after announcing a 103.1M share offering at $0.2541. The raise brings $26.2M but dilutes existing shareholders by 49.4%.
Gold Holds Near $4,475 as Market Awaits Jobs Data
Gold trades near $4,475, consolidating Thursday's 2% jump, as markets await U.S. jobs data that could influence Fed rate decisions.
Samsara Shares Jump 15% on Strong Q2 Results and Raised Guidance
Samsara (IOT) climbed 15% premarket after Q2 revenue topped forecasts and full-year guidance was lifted, driven by robust enterprise adoption and margin gains.
Guidewire Tumbles 15% on Slower 2027 Growth Outlook
Guidewire (NYSE:GWRE) plunged 15% after hours as strong Q4 results were overshadowed by a slower fiscal 2027 growth forecast, wiping out $2.6 billion in market value.
AMC Premarket Surge Cools as Robinhood Token Dispute Unfolds
AMC shares rose 9.86% in premarket trading after a dispute over Robinhood's AMC-linked tokens, but the surge cooled. The tokens don't create new shares, yet the rally highlights AMC's financing needs.
nVent Stock Slides 14% from Peak, Still Priced at 30× Earnings
nVent Electric shares are 14% off their August peak but still trade at 30× forward earnings, with the Maverick acquisition and data-center growth key to valuation.
Dutch Gold Relocation to London: A Custody Shift, Not a Demand Signal
The Dutch central bank relocated 86 tonnes of gold to London to enhance tradability, but total reserves remain unchanged, signaling no new demand. Gold prices eased slightly.
Tech Futures Lead Modest Gains Ahead of Key Jobs Report
Nasdaq-100 futures rose 0.38% early Friday, leading modest gains as investors await the August jobs report, which could test the recent rate-relief rally.