Latest News
US Gold Reserves Valued at $1.07 Trillion, Covering 2.7% of National Debt
The US gold reserve, valued at $1.07 trillion at spot prices, covers just 2.7% of the $39.59 trillion federal debt, sparking debate over revaluation.
Kroger Egg Recall: Minimal Impact on US Supply, Shares Dip
Midwest Poultry recalls 1.6M dozen eggs sold at Kroger and other retailers, representing 0.25% of US monthly output. No illnesses reported.
Opendoor Contracts Rise 12% as Margins and Mortgage Rates Diverge
Opendoor's weekly acquisition contracts rose 12% as of July 18, but shares slipped 2.2% amid rising mortgage rates and margin scrutiny ahead of Q2 earnings.
Nu Holdings Rises on Brazil Bank License; Valuation Premium Grows
Nu Holdings shares surged 6.8% in three sessions, supported by a Brazil bank license deal with no additional capital needs, while Mexico banking transition progresses.
TSA's $12.9B Gold+ Contract Opens Bidding, Ceiling Caps Investor Hopes
The TSA's $12.9 billion Gold+ airport-screening contract has a concrete launch footprint, but the ceiling is shared among winners, tempering investor expectations.
STMicroelectronics Shares Tumble on Earnings Miss Despite AI Data Center Optimism
STMicroelectronics shares plunged 13.6% after Q2 EBITDA fell 15% short of expectations, with AI data center goals failing to offset the disappointment.
IBM's Free Cash Flow Yield Rises to 8% After Revenue Guidance Cut
IBM's free cash flow yield expands to 8.1% after slashing revenue guidance, though cash forecast holds. Shares drop 29% in two weeks.
Nokia Beats Q2 Profit Forecasts as AI Orders Surge to €2.8 Billion
Nokia posted a stronger-than-expected quarterly profit, driven by a surge in AI and cloud demand. Orders hit €2.8 billion, six times sales.
Tesla Stock Sinks as $16.7B H2 Capex Looms
Tesla shares dropped 5.9% premarket as the company faces $16.7 billion in H2 capital expenditures, raising cash flow concerns after Q2 earnings missed estimates.
UiPath Shares Tumble 11% on AI Spending Slowdown Fears
UiPath shares dropped 11.1% on Wednesday after an industry warning raised concerns about AI-driven purchasing delays, with the company's Q2 ARR outlook signaling a 38% sequential slowdown.
AT&T Rises Premarket as Strong Subscriber Growth Fuels $10 Billion Buyback
AT&T shares gained in premarket trading after strong subscriber additions and earnings beat fueled a $10 billion buyback plan, signaling robust shareholder returns.
