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Robinhood Stock Dips as Event Contracts Outpace Crypto Revenue
Robinhood (HOOD) shares declined 3.3% after hours as event-contract revenue of $156 million surpassed cryptocurrency revenue of $100 million in Q2.
Microsoft Azure Growth Surprises to the Upside, Easing AI Spending Fears
Microsoft shares gained about 3% in extended trading after Azure revenue surged 43%, surpassing consensus estimates and alleviating market worries about the company's massive AI infrastructure spending.
Dow Plunges Over 1,100 Points on Fed Stance, Caterpillar and Goldman Sachs Lead Decline
The Dow Jones Industrial Average tumbled roughly 1,150 points, driven by steep losses in Caterpillar and Goldman Sachs after the Federal Reserve voted to hold rates steady.
Wall Street Suffers Steep Losses as Fed Holds Rates Steady
U.S. stocks dropped sharply Wednesday after the Fed held rates steady and oil prices surged, with the Dow losing over 1,150 points as AI hardware stocks led declines.
Snowflake Stock Soars on Upgraded Price Target from Wells Fargo
Snowflake shares jumped 4.9% to $283.73 after Wells Fargo boosted its price target to $500 from $320, citing AI-driven platform spending.
Humana's Medicare Advantage Restructuring Overshadows Strong Q2 Results
Humana's Q2 earnings beat was overshadowed by a major Medicare Advantage restructuring that will affect 600,000 members by 2027, sending shares down 6.8%.
Nu Holdings Stock Dips 3% as New Croma Product Raises Cost Concerns
Nu Holdings (NYSE:NU) shares fell 3.1% to $14.23 after launching the Croma premium card package, which may intensify reward cost pressures.
Rocket Companies Gains on $2.1 Trillion Servicing Book Amid Mortgage Downturn
Rocket Companies shares climbed 2.8% as its massive $2.1 trillion servicing book offsets weak mortgage demand, with rates at 6.76%.
Energy Sector Diverges as Oil Surge Lifts BP, Weighs on National Grid
A sharp rise in oil prices drove a 5.4-point divergence between BP and National Grid. BP gained 3.39% while National Grid fell 2.05%, as the FTSE 100 hit another intraday record.
Bloomberg Acquires Canoe Intelligence to Boost Private Markets Data
Bloomberg has agreed to acquire Canoe Intelligence, an AI data processing firm, to enhance its private markets workflow and data capabilities.