Latest News
Jersey Mike's IPO Priced at $21-$25, Majority Proceeds to Shareholders
Jersey Mike's targets $21-$25 per share in its IPO, with existing shareholders selling 68.3% of the offering. The company plans to use net proceeds of $301 million for debt reduction.
SpaceX Shares Face Pressure Ahead of Major Lockup Expiry After Starship Test
SpaceX shares ended the week down 7.2% at $115.07, despite a successful Starship Flight 13 that deployed 20 V3 satellites. A looming lockup expiry of 911.5 million shares on August 6 threatens to add selling pressure.
FTSE 100 Gains as Oil Earnings and BoE Decision Loom
The FTSE 100 closed at 10,736.23, up 1.28% for the week. Energy is expected to contribute 62% of incremental earnings growth for the STOXX 600, with the BoE widely anticipated to hold rates steady.
Teva Q2 Preview: Emalex Charge May Mask Underlying Progress
Teva's Q2 results face a $700M Emalex charge that could neutralize branded-drug growth, with consensus EPS near zero. Revenue is forecast at $4.058B.
Microsoft's $40B AI Spend Under Microscope as Earnings Loom
Microsoft heads into earnings with a $40 billion capex target, raising questions about AI investment returns. Azure growth and cash conversion are key metrics.
Grab Stock Slips 7.3% as $400M Buyback Struggles to Counter Dilution
Grab's stock dropped 7.3% over the week, putting pressure on its $400 million buyback to offset dilution. The repurchase covers about 29% of potentially dilutive securities.
AST SpaceMobile Shares Slide After $1.15B Fundraise Puts Spotlight on Launch Timeline
AST SpaceMobile shares dropped 5% on Friday, as a $1.15 billion convertible note sale raised liquidity but highlighted the challenge of launching 36 more satellites by early 2027.
Lucid Stock Tumbles 14% as Delivery Gains Highlight Cash Burn
Lucid shares dropped 14.4% to $6.30 as Q2 deliveries rose to 82.8% of production, but investors focused on cash burn, with Q1 free cash outflow at 58% of market cap.
Tencent Stock Slides 5.8% as Gaming Jitters and Buyback Pause Weigh
Tencent shares fell 5.8% last week as gaming worries and a buyback pause weighed on the stock ahead of second-quarter results.
3M Shares Jump 8.5% as Earnings Beat Drives Valuation Expansion
3M shares climbed 8.5% to $172.62 following a strong earnings report, with the valuation multiple expanding more than the guidance increase, signaling investor confidence in long-term growth.
