Latest News
KPMG Australia Cuts 5% of Staff After Consulting Revenue Plunges 17%
KPMG Australia is cutting 5% of its workforce after consulting revenue tumbled 16.9%, with 27 partners and about 360 staff affected. Total revenue slipped 1%.
Pizza Hut's NFL Rebrand Coincides with Yum's $2.3B Divestiture
Yum Brands' Pizza Hut rebrand to 'Hut' for NFL season comes as the company finalizes its $2.7B sale, expecting $2.3B net proceeds and a $4B buyback.
Nvidia's $52B Single-Point Swing Outpaces Last Year's Q2 Revenue
Nvidia's market cap of $5.20T means a 1% stock move is worth $52B, more than last year's Q2 revenue. Earnings due Aug 26 with high expectations.
Netflix Stock Slips After 'Blood Sacrifice' Debut; $6B Rally Claims Under Scrutiny
Netflix shares opened lower Monday, questioning the $6B rally attributed to 'Blood Sacrifice.' With no first-week viewership data yet, investors remain cautious.
SELLAS Surges 18.9% as REGAL Trial Nears Pivotal Final Analysis
SELLAS Life Sciences (SLS) shares surged 18.9% over the past week, driven by anticipation of the REGAL trial's final analysis. Market value stands at $3.12 billion, with pipeline valued at $2.98 billion.
Robinhood Stock Retreats After Record Surge as Regulatory Hopes Meet Revenue Reality
Robinhood shares eased 1.1% premarket Monday after a 13.7% surge, as investors balance regulatory optimism with a 62% year-over-year drop in crypto volume.
Mortgage Rates Dip Slightly; Rocket Faces Refinancing Hurdle
Mortgage rates eased to 6.65%, saving just $5.30 monthly on a $400k loan. Refinance demand remains weak, pressuring Rocket Companies (RKT).
Workday's $5.1B Takeover Premium Faces Earnings Reckoning
Workday's stock is up 14.6% since buyout reports, embedding a $5.1B premium. Q2 earnings on Thursday will test whether that optimism is warranted.
PDD Q2 Sales Miss Offsets Cash Flow Gains as Loss Hits 7.4B Yuan
PDD Holdings (PDD) reported Q2 revenue of RMB112.36B, missing forecasts by 3.4%, while a RMB7.4B other loss dragged net income down 12% despite improved cash flow.