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Faraday Future Soars 20% on Robot Sales Record, But 2,000-Unit Target Looms
Faraday Future (FFAI) shares surged nearly 20% premarket after its robotics unit reported record July sales. Yet achieving the 2,000-unit annual target demands doubling monthly shipments, raising questions about cash burn and dilution.
Palantir Q2 Report Looms as Commercial Revenue Nears Government Sales
Palantir's Q2 earnings arrive Monday as US commercial revenue nears government sales, with a potential crossover signaling AI-driven growth. Analysts expect modest revenue beat.
Tijuana Airport Cancellations Ease After Code-Share Audit; Traffic Trends in Focus
Tijuana Airport's flight cancellations fell after a code-share audit, but passenger trends remain key. GAP's Tijuana traffic declined 4.6% in June, while Volaris saw an 11.2% passenger increase.
Sweet v. McMahon Settlement: $12.4B Wave Mostly Debt Cancellation
The Sweet v. McMahon settlement's $12.4B wave is 94.9% debt cancellation, with only $640M in cash refunds. Strategic Education (STRA) faces recoupment risk as new claims emerge.
Social Security COLA 2027 Forecast: 3.8% Increase, $63B Payout, Medicare Premiums Rise
The Senior Citizens League forecasts a 3.8% Social Security COLA for 2027, adding $63B in annual payouts, but Medicare Part B premium hikes will offset some gains for retirees.
AI Agents Boost Crypto Exchanges, But Revenue Still Elusive
AI agent trading accounts are growing at Robinhood and Coinbase, but crypto revenue still dominates. Exchanges retain the edge in monetization as agent metrics remain undisclosed.
Markets Steady as Oil Plunges 6% and AI Earnings Loom
U.S. futures gain as oil plunges 6%, Derwent London hits a new high, and Flutter completes its NYSE transition. Investors await jobs data and AI earnings.
FDA Panel Nod Sparks $763M Value Shift Between Melanoma Drugmakers
Replimune (REPL) soared 107% after an FDA panel endorsed RP1, while Iovance (IOVA) tumbled 13%, shifting $763 million in market value between the two melanoma therapy rivals.
