Shake Shack Surges on Starboard Stake, Market Value Jumps $229M
Analysis Daniel Marsh

Shake Shack Surges on Starboard Stake, Market Value Jumps $229M

Shake Shack shares surged 8.6% after Starboard Value took a stake, boosting market value by $229M, nearly matching 2026 EBITDA guidance.

SHAK CMG MCD
Coupang Stock Slips 4.4% as Customer Rebound Outpaces Margin Recovery
Earnings James Calloway

Coupang Stock Slips 4.4% as Customer Rebound Outpaces Margin Recovery

Coupang (CPNG) dropped 4.4% as customer growth outpaced margin recovery. Q2 revenue missed estimates, and a $410M fine weighed on results.

CPNG AMZN SE MELI FDS BAC DB
B2Gold Gains 5.4% but Lags Sector as Goose Ramp-Up and Mali Permits Loom
Earnings James Calloway

B2Gold Gains 5.4% but Lags Sector as Goose Ramp-Up and Mali Permits Loom

B2Gold rose 5.4% to $4.10, lagging the 7.3% gain in the gold-miner ETF. Investors await Q2 results Thursday and Goose ramp-up updates.

BTG GDX KGC IAG EGO GLD
Vale Shares Edge Up Despite BofA Downgrade; Buyback Could Lift Yield to 5%
Commodities Rebecca Torres

Vale Shares Edge Up Despite BofA Downgrade; Buyback Could Lift Yield to 5%

Vale ADRs edged up 0.4% despite BofA downgrade. The company's capital return program, including buybacks, could yield 5.01%, but iron ore headwinds persist.

RIO BHP BAC GS MS
Geron Stock Jumps 18% as Rytelo Sales Align with Guidance
Earnings James Calloway

Geron Stock Jumps 18% as Rytelo Sales Align with Guidance

Geron (GERN) shares jumped 18% as Q2 Rytelo sales of $57.5M edged closer to guidance midpoint, with management raising revenue expectations.

GERN BMY XBI IBB
Coeur Mining Surges on Q2 Hopes, Acquisition Complicates EPS Outlook
Earnings James Calloway

Coeur Mining Surges on Q2 Hopes, Acquisition Complicates EPS Outlook

Coeur Mining shares rise 7.7% to $17.46 as investors await Q2 results, with the recent acquisition altering per-share calculations.

CDE HL AG PAAS SLV GLD
IREN Stock Slips as AI Cloud Execution Takes Center Stage Post-Mirantis Deal
Markets Daniel Marsh

IREN Stock Slips as AI Cloud Execution Takes Center Stage Post-Mirantis Deal

IREN shares slipped 1.5% as investors weigh strong AI Cloud contract pipeline against slower revenue conversion. The Mirantis acquisition adds software layer.

IREN CRWV APLD WULF CORZ
Reddit stock slips below buyback price amid Google search concerns
Earnings James Calloway

Reddit stock slips below buyback price amid Google search concerns

Reddit shares dropped below its recent buyback price as investor concerns over Google search threats outweighed strong ad revenue growth.

RDDT GOOGL
Alphabet's AI Reorg Wipes Out $175B in Market Value
Technology Sarah Chen

Alphabet's AI Reorg Wipes Out $175B in Market Value

Alphabet's stock plunged nearly 4% after a sweeping AI leadership reshuffle, wiping out roughly $175 billion in market value. Demis Hassabis becomes chief scientist, while Koray Kavukcuoglu takes over DeepMind.

GOOGL GOOG MSFT META AMZN
Dow Hits Record as Three Stocks Drive Nearly a Third of Rally
Markets Daniel Marsh

Dow Hits Record as Three Stocks Drive Nearly a Third of Rally

The Dow Jones Industrial Average hit a record high, with Caterpillar, Amgen, and Nvidia accounting for nearly a third of the two-day advance. Friday's jobs report could test the rally's breadth.

CAT AMGN NVDA DIS
AT&T Stock Slips as SpaceX Unveils Starlink Mobile Network
Markets Daniel Marsh

AT&T Stock Slips as SpaceX Unveils Starlink Mobile Network

AT&T shares dropped 2% as SpaceX revealed Starlink's terrestrial mobile network, raising competitive fears. Verizon and T-Mobile also declined.

T VZ TMUS
Santander Hits 52-Week High as Webster Deal Clears Final Hurdle
Markets Daniel Marsh

Santander Hits 52-Week High as Webster Deal Clears Final Hurdle

Santander shares reached a 52-week high after the Fed approved its Webster acquisition. The deal closes Aug. 20, with focus on EPS accretion and cost savings.

SAN WBS BBVA