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RBC, BMO Sell Moneris in C$2B Deal, Keep Payment Ties
RBC and BMO have agreed to sell Moneris Solutions to Francisco Partners for C$2 billion, with RBC expecting an after-tax gain of about C$475 million. The banks will maintain long-term referral agreements.
Life360 Plunges 24% as Record Q2 Revenue Fails to Lift 2026 Outlook
Life360 shares tumbled 24% after record Q2 revenue of $159M failed to boost its 2026 outlook. Full-year guidance remained steady, disappointing investors.
Amazon Hits $3 Trillion Market Cap as AWS Drives Record Profits
Amazon's market value crossed $3 trillion as AWS delivered 60% of operating profit. Q2 sales exceeded $200B, with AWS revenue up 37%.
GCT Semiconductor's 5G Chip Shipments Surge 71%, Yet Revenue Dips Sequentially
GCT Semiconductor shipped over 5,100 5G chipsets in Q2, up 71% sequentially, but revenue fell 49% to $971K, sending shares down 13.1% after hours.
China's Inflation Slowdown Widens Factory Margin Squeeze
China's July inflation missed expectations, with CPI up 0.5% and PPI at 3.5%. The 5.6-point gap between factory-gate and consumer prices highlights ongoing margin pressure.
Upwork Tumbles 20% as AI Automation, Google Changes Hit Forecast
Upwork shares plunged 20% after lowering full-year guidance, citing AI automation and Google search changes. Q2 revenue beat, but profit outlook cut.
Take-Two Climbs as GTA VI Hype Fuels $8.1B Bookings Forecast
Take-Two Interactive (TTWO) shares jumped 2.87% to $253.57 on strong volume, extending gains after Q1 results beat guidance. The company reaffirmed its fiscal 2027 bookings forecast of $8.0-$8.2 billion, driven by anticipation for Grand Theft Auto VI.
CeriBell Boosts 2026 Forecast on AI EEG Adoption, Loss Widens
CeriBell lifts 2026 revenue forecast to $114M-$117M after Q2 sales rose 33%, but net loss widened 41% to $19.3M as expenses outpaced growth.
Unitree Robotics IPO Draws 8,289x Retail Demand, Valuing Firm at 219x Earnings
Retail investors flooded Unitree Robotics' IPO with orders 8,289 times the available shares, valuing the firm at 219 times earnings. The final allocation rate was just 0.018%.
Simon Property Raises 2026 FFO Forecast on Strong Tenant Sales
Simon Property Group (SPG) raised its 2026 FFO guidance after a strong Q2, with tenant sales up 13.9% and base rent up 6.3%. Occupancy held at 96%.
Target Hits 52-Week High as Back-to-School Strategy Gains Traction
Target (TGT) closed at a 52-week high of $152.02, up 1.55%, as investors bet on a strong back-to-school season. The stock now trades 12% above analysts' average target, raising stakes for upcoming earnings.
Yen's Slide Persists Despite Record Speculative Short Squeeze
The yen weakened to 159.14 despite a sharp reduction in speculative shorts, as BOJ's hawkish tone failed to offset dollar strength and inflation concerns.