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Nasdaq and Dow Diverge as Steady Data Tests Tech Valuations
U.S. stock futures fell Thursday as steady economic data widened the gap between the Nasdaq and Dow, with TSMC dropping 4.6% despite strong earnings and UnitedHealth rising 6.7%.
Abbott Q2 Beats Estimates, Lifts EPS Outlook; Sales Growth Target Looms
Abbott (ABT) reported Q2 adjusted EPS of $1.31, beating estimates, and raised its full-year EPS outlook. The company now needs 8.6%-10.5% H2 sales growth to hit its revenue target.
Bitcoin Slips Below $64,000 as ETF Inflows Prove Concentrated
Bitcoin dropped 1.8% to $63,940 on Thursday, failing to hold above $65,000 despite two days of ETF inflows, with BlackRock's IBIT accounting for 76% of new money.
UK Mid-Caps Rally on Rotork Takeover; FTSE 100 Slips
London stocks were mixed on Thursday with the FTSE 250 gaining 0.33% on a £4.14bn takeover bid for Rotork, while the FTSE 100 slipped 0.34%.
Sandisk's $22.6B Selloff Tests Revenue Conversion of $41.6B Order Backlog
Sandisk's market cap dropped $22.6B, 3.6 times its near-term revenue backlog, as shares slid 8.1% amid tech fatigue.
Opendoor's Acquisition Pace Outpaces Mortgage Demand as Rates Climb
Opendoor's acquisition contracts rose 3% last week, while mortgage demand dropped 7% as rates hit 6.65%, creating a 10-point gap that could pressure margins.
Intel's High-NA EUV Milestone: A $400 Million Bet on Manufacturing Edge
Intel achieves a manufacturing first with High-NA EUV on Panther Lake, but the steep $400 million tool price and limited external foundry revenue highlight the financial challenges ahead.
GE Aerospace Raises 2026 Cash Flow Forecast; Working Capital Drives Q2 Growth
GE Aerospace lifted its 2026 free cash flow forecast to $8.9-$9.2 billion after Q2 cash flow surged 43%, though working capital accounted for nearly all the improvement.
United Airlines Tests Premium Economy Row with Blocked Middle Seats on A321XLRs
United Airlines will block middle seats on 50 incoming A321XLR jets, creating a four-seat premium row. The airline needs 1.5x revenue per seat to match standard rows, as fuel costs surged 84% in Q2.
Red Robin Shutters Cary Location Ahead of $96M Debt Restructuring
Red Robin (RRGB) closed its Cary, NC restaurant and sold the site for $3.3M as the company approaches a $96M debt reset. The refranchising plan could cut debt by over half.
Retirement Savings Target Drops to $1.2M as Plan Borrowing Surges 59%
Americans now target $1.2 million for retirement, down from $1.28 million, as 401(k) borrowing surges 59% and contribution rates fall, per Schroders.
MTY Food Group to Close 29% of Corporate Stores, Exiting Papa Murphy's Operations
MTY Food Group will close 68 corporate stores (29% of its company-run sites), including 45-50 Papa Murphy's outlets, to address ongoing losses and improve profitability.