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GameStop Shares Steady After $1.4B Debt Swap; Dilution Looms
GameStop (GME) traded flat after a $1.4B debt exchange, with dilution concerns capping gains. Shares fell 12.25% Monday to $19.06.
Bending Spoons to Acquire Airtable in $2.25B Deal, Enterprise Value at 2.7x ARR
Bending Spoons (NASDAQ:BSP) will acquire Airtable for $2.25 billion in cash, valuing the core business at $1.285 billion (2.7x ARR) after net cash.
AI Infrastructure Stocks Lead Futures Higher as Earnings Beat Rates Soar
U.S. stock futures advanced as AI infrastructure plays outperformed, with Palantir, Onsemi, and Caterpillar leading premarket gains. Earnings beat rates remain strong.
Nokia Stock Jumps 5.9% on €2.8B AI Orders; Conversion Key
Nokia shares climbed 5.9% after reporting €2.8B in AI and cloud orders. Investors are focused on how quickly these orders convert to revenue, with an estimated €1.4B expected over 12 months.
McDonald's Beats Q2 Earnings Despite Slowing U.S. Traffic
McDonald's beat Q2 earnings estimates with adjusted EPS of $3.38, but U.S. comparable sales rose only 0.8%, missing expectations. Loyalty sales grew over 20%.
Pfizer Beats Q2 Forecasts, Raises 2026 Sales Outlook
Pfizer's Q2 results beat expectations, driven by strong performance of key drugs, leading to a modest increase in its 2026 revenue forecast.
EchoStar's Hughes Bankruptcy: Contract Backlog Won't Cover Matured Debt
Hughes Satellite Systems filed Chapter 11 after $1.5B bonds matured. Only $406M of its $1.4B contract backlog is due within a year, leaving a funding gap.
Caterpillar Q2 Earnings Crush Estimates, Stock Jumps 7.5%
Caterpillar (CAT) surged 7.5% premarket after Q2 adjusted EPS of $8.17 beat by 31.8% and revenue rose 24% to $20.54B, with construction leading growth and backlog at record $72.1B.
AST SpaceMobile Surges as BlueBird Launch Nears, Financing Eases Concerns
AST SpaceMobile (ASTS) jumps 4.9% premarket as BlueBird launch approaches; recent $1.15B convertible note sale eases funding stress but raises dilution concerns.
AMD Data Center Growth to Drive Q2 Results as Stock Rises
AMD shares rose 4.3% premarket as investors await Q2 earnings. Data center is projected to contribute 91% of growth, with revenue estimates at $11.3B.
