Latest News
Ouster Expands Utah Lidar Network to Nearly 300 BlueCity Sites
Ouster (OUST) expands BlueCity lidar in Utah by 160 intersections, approaching 300 sites. Q2 revenue up 56% to $54.6M, though net loss remains.
Berkshire Hathaway Boosts Buybacks and Equity Purchases Under New CEO
Berkshire Hathaway (BRK.B) repurchased $4.5B in Q2 2026 and invested $23.5B in equities, signaling a shift in capital allocation under CEO Greg Abel. Operating profit rose 16% to $12.98B.
Smithfield Cuts 2026 Profit Guidance Despite Q2 Beat
Smithfield Foods trimmed its 2026 profit forecast by $100 million at the midpoint, even as Q2 results topped analyst expectations amid margin pressure in packaged meats.
Ferguson Stock Climbs on Robust Non-Residential Demand
Ferguson's shares advanced 2.8% after the company raised its 2026 guidance, citing robust non-residential demand. Q2 sales rose 4.6% and adjusted EPS grew 5.3%.
Riot Platforms Soars on $9.1B AI Data Center Deal with Anthropic
Riot Platforms (RIOT) surged over 22% after disclosing a $9.1 billion AI data center lease with Anthropic, marking a major pivot toward high-value infrastructure.
Oil Rally and Chevron's Strong Cash Flow Lift Energy Stocks
Chevron shares rose 4.5% to $194.91 after oil prices climbed 5% on stalled Iran negotiations, while the company's Q2 free cash flow surged to $18.1 billion.
Rocket Lab Slides 7% as Neutron Delay, Margin Concerns Offset Record Revenue
Rocket Lab shares dropped 7% after hours as investors focused on Neutron's delayed timeline and soft margin forecast, despite a record revenue quarter.
RBA Holds Cash Rate at 4.35%, Cuts Inflation Forecast, Sees Higher Jobless Rate
The RBA left the cash rate at 4.35% unanimously, lowered December inflation forecast to 3.3%, and lifted unemployment outlook to 4.5%.
Teledyne to Acquire Varex Imaging in $1.1B All-Cash Deal
Teledyne Technologies will acquire Varex Imaging for $18.90 per share in cash, valuing the X-ray components maker at roughly $1.1 billion. The deal offers a 52% premium and is expected to close in early 2027.
