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Apple Stock Plunges 7.4% as Tariff Refunds Mask Earnings Beat
Apple's Q3 earnings beat was largely due to one-time tariff refunds, and its September revenue guidance missed expectations, sending shares down 7.4%.
India VIX Slips 16% as Liquidity Concerns Cloud Market Calm
India VIX dropped 16.2% to 11.755 as NIFTY 50 gained 2.6%, but derivatives turnover fell 27.1% due to new funding rules, raising questions about the reliability of the volatility signal.
SpaceX Stock Slips Ahead of Q2 Earnings Despite Starlink Launch Milestone
SpaceX shares dropped 3.4% to $108.37 after a Starlink launch, with Q2 earnings due Tuesday. Analysts expect revenue near $6.9 billion.
Puma Beats Q2 Forecasts Despite Sales Drop; Cash Flow Surges
Puma topped Q2 forecasts with a narrower EBIT loss and robust cash flow, but sales dropped 9.4% and shares fell 2.48% amid lingering demand concerns.
Coinbase Shares Tumble 10.6% on Q2 Loss, USDC Revenue Dip
Coinbase (COIN) shares dropped 10.6% after Q2 revenue missed estimates and the company posted a net loss of $359.5 million, with USDC revenue declining 4%.
Guyana's Oil Revenue Share to Rise as Stabroek Cost Recovery Hits $55B
Stabroek consortium recoups $55B in costs ahead of schedule, shifting Guyana to profit-sharing. Exxon's entitlement dips 100k bpd, but free cash flow expected to double by 2030.
Ford Warns of Chinese EV Threat as Model e Losses Deepen
Ford warns Chinese automakers may enter the U.S. market within a decade, while its Model e EV unit posts a $32,800 EBIT loss per vehicle in Q2 2026.
XRP Ledger Amendment Set to Shift Reserve Burden to Institutions
XRP Ledger's upcoming upgrade may drive institutional demand by shifting reserve requirements, but its impact on XRP supply remains limited. The amendment is pending validator approval.
Global Markets Wrap: Barclays Surges, Yamanashi Split, Coldcard Breach
Barclays shares soar 442% from 2020 lows, Yamanashi Chuo Bank plans a stock split, and Coldcard bitcoin wallets suffer a $70M security breach.