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Treasury Yields Jump as Warsh Signals September Rate Hike
Two-year Treasury yield jumps 9.5 bps to 4.325% as Fed Chair Warsh's inflation comments lift September rate hike odds to 55.7%. 10-year yield rises to 4.70%.
Femasys Soars 15% as UNC Health Adopts Fertility Tech Across Clinics
Femasys shares surged 15% after UNC Health agreed to deploy FemaSeed fertility products across its OB/GYN clinics, boosting investor confidence despite weak quarterly sales.
Rivian CFO Exit Sparks 6.5% Stock Drop Amid R2 Ramp-Up
Rivian shares dropped 6.5% after CFO Claire McDonough announced departure, fueling concerns about R2 production ramp-up and cost control. Interim CFO Derek Mulvey appointed.
PagerDuty Stock Jumps on Margin Boost from Job Cuts
PagerDuty shares surged 9.9% after a 15% workforce cut boosted margin guidance, while revenue growth remained minimal. The company's non-GAAP operating margin improved to 23.7%.
Exascale Labs Debuts on Nasdaq, Shares Jump 12% Despite Funding Gap
Exascale Labs (XLAB) rose 12% in its Nasdaq debut, but a $12M cash balance against a $300M pipeline signals a funding gap for AI infrastructure growth.
Swvl Soars 34% on $14.5M Funding for U.S. Expansion
Swvl (SWVL) shares surged 34% after a $14.5M strategic investment to fund U.S. expansion, with new shares nearly doubling outstanding count.
Core AI Stock Soars 56% on Ad Rebound, But Losses Widen
Core AI (CHAI) jumps 56% after Q2 revenue rises 56% to $22.35M, but net loss widens. Cash flow turns positive, yet market cap stays under $11M.
Pasqal Soars 55% in Nasdaq Debut After $2B Quantum Merger
Pasqal shares jumped 54.7% to $15.14 on Nasdaq debut after $2B merger, while rivals IonQ, Rigetti, D-Wave, and Quantum Computing declined.
Investors Pull $22.3B from U.S. Equity Funds in Largest Outflow Since March
U.S. equity funds posted $22.33B in outflows, the largest since March, as large-cap withdrawals dwarfed small-cap inflows. Bond funds saw $7.12B inflows.
Tokyo's Record Yen Intervention Fades as USD/JPY Retraces 61%
Japan's record ¥15.4 trillion yen intervention has lost 61% of its initial impact, with USD/JPY back near 160.06. Markets now eye the BOJ's September meeting.