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Trump Media's Truth API Attracts Five Wall Street Firms Amid Profitability Woes
Trump Media's Truth API lands five Wall Street clients, offering up to $1.5M quarterly revenue, yet the media unit's $6.88M EBITDA loss persists, requiring 23-39 clients to break even.
Early Retirement Surge Puts $9.9 Trillion 401(k) Industry Under Scrutiny
A record 46% of U.S. retirees exited the workforce earlier than intended in 2026, intensifying pressure on the $9.9 trillion 401(k) industry to offer in-plan retirement income solutions.
Palantir Shares Slide 7% on CEO's AI Wealth Warning, Valuation Scrutiny
Palantir stock dropped 7.1% last week as CEO Alex Karp's warning about AI-driven wealth inequality and a 38.5x revenue multiple fueled investor unease.
SpaceX Starship Flight 13 Tests V3 Satellites, Booster Landing Fails
SpaceX's Starship Flight 13 successfully deployed 20 Starlink V3 satellites, but the Super Heavy booster crashed into the Gulf, highlighting reusability challenges.
Naira Rises 1.4% on Thin Volume, Fuel Demand Looms
The naira closed at ₦1,362.09 per dollar, up 1.4% on the week, but thin liquidity and a widening parallel premium suggest a fragile rally. Fuel importers' dollar demand poses a key test.
SAVE Loan Program Exit to Shift $9 Billion Annually from Consumers
The end of the SAVE student loan program will redirect $9 billion annually in consumer funds as 7.5 million borrowers restart payments. Nelnet, Sallie Mae, and SoFi are key players.
Open-Weight AI Coalition Grows 40% Ahead of Key Earnings for Nvidia, Microsoft, Meta
The open-weight AI alliance expands by 40% as Microsoft, Meta, and Nvidia approach earnings. The coalition now includes 35 signatories, highlighting industry support for open models over sweeping restrictions.
NYSE Issues New Compliance Alert to Chegg After Brief Recovery
Chegg faces a fresh NYSE warning as its stock price remains below $1, needing a $1.21 average by July 31. Shares rose 17% to $0.9619.
Wall Street Slips Again as AI Earnings Fail to Impress; Fed Decision Looms
U.S. stocks declined for a second consecutive week as investors sold off AI-related shares despite strong earnings, with the Magnificent Seven losing $787 billion in a single session.
