Latest News
Take-Two Recovers $582M as GTA VI Leak Fails to Dent Outlook
Take-Two regained $582 million in market value Thursday as investors shrugged off GTA VI leak concerns. The stock rose 1.31% to $240.15, with the November 19 release date unchanged.
Marvell Surges $12B on Google AI Chip Deal, But $120B Hurdle Looms
Marvell shares climbed 5.8% on a Google warrant agreement, adding $12B in market value. However, most shares vest only if Google purchases up to $120B in custom chips.
BHP's Copper Pivot Drives Record Profits, But Analysts See Limited Upside
BHP's copper-led earnings surge lifted shares, but the stock now trades above most analyst targets, raising questions about further upside.
Strategy Shares Jump 8% as Bitcoin Rally Narrows Treasury Loss Gap
Strategy (MSTR) gained 7.81% as Bitcoin rebounded, narrowing the paper loss on its treasury by $7.7 billion and strengthening the case for further Bitcoin purchases.
StubHub Stock Sinks Below BofA Bear Case as World Cup Costs Bite
StubHub shares dropped 1.5% to $6.83, slipping under BofA's $7.50 bear target. Q2 revenue surged 33% but costs rose faster, and analysts debate the impact.
Starbucks Trims 224 Corporate Roles in $2B Efficiency Drive
Starbucks eliminates 224 corporate positions in a broader $2B cost-saving initiative, focusing on operational efficiency without compromising store-level growth.
American Airlines Bets on Premium Seats to Close Profit Gap
American Airlines aims to increase premium seating to 40% of narrowbody capacity, betting on higher revenue per seat to close the profitability gap with rivals.
CleanSpark Soars 8% as Traders Price in AI Data Center Optionality
CleanSpark shares climbed 7.97% to $12.60, adding $238M in market cap—six times the gain in its Bitcoin holdings. The rally reflects AI data center optionality.
Asia Stocks Brace for Yield, Oil Pressure as Chip Rally Holds
Asian markets face renewed headwinds from higher yields and oil prices after Thursday's rebound. Korea's chip rally and shareholder return plans provide support, but Japan CPI and US data loom.
ASX Futures Point Lower as Oil Rally and Rising Yields Weigh
ASX futures fell 0.3% as oil and bond yields climbed. Energy stocks could outperform, while banks and tech face headwinds. Flash PMI and RBA Governor Bullock's remarks are due.
Ondas Stock Slides 5.8% on Low-Priced Aran Acquisition
Ondas shares dropped 5.8% after announcing a $33M acquisition of Aran Defense at a modest 1.3x sales multiple, contrasting with its own 8.9x valuation.