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Walmart's Summer Price Cuts: Soda and Cherries Lead, Not Beef
Walmart's latest price cuts focus on soda and cherries, not beef, despite political claims. The move pressures rivals like Kroger amid rising food costs.
MSTR's $216M Bitcoin Sale Raises Questions on Corporate Cash Strategy
Strategy Inc sold 3,588 BTC for $216 million last week to support preferred-stock payouts, raising concerns about potential further sales.
Samsung Electronics Posts Record Profit but KOSPI Drops as Chip Stocks Slide
Samsung Electronics posted record Q2 earnings, but its shares fell 6.9% and the KOSPI dropped 4.9% as AI chip stocks declined broadly.
DAIHEN Board to Weigh Treasury Stock Awards Amid Valuation Concerns
DAIHEN's board will review a plan to use treasury shares for executive stock awards, tying compensation to share price. The stock's high valuation and dilution risk are under scrutiny.
S&P 500 Ends Higher but After-Hours Gains Narrow as Rivian Plunges and Fiserv Surges
U.S. stocks closed higher Monday, but after-hours trading saw narrow gains. Rivian (RIVN) fell 9% after announcing a 75-million-share offering. Fiserv (FISV) rose 3.7% on reports of bank talks about a payments network.
IBM Stock Rally Narrows Gap to Analyst Target Amid BofA Optimism on Confluent
IBM shares surged 3.45% to $299.52, narrowing the gap to the consensus target. BofA raised its target to $330, citing growth from Confluent and free cash flow.
T1 Energy Nears July 9 Warrant Expiry; Shares Trade Below $11.50 Strike
T1 Energy (NYSE:TE) closed at $8.65, well below the $11.50 warrant strike price. Warrants expire July 9, setting up a key test for the stock.
Microsoft Stock Slips on AI Spending Fears Despite Job Cuts
Microsoft shares dipped 0.9% as AI spending concerns outweighed news of 4,800 layoffs. Wolfe Research lowered its price target to $525.
Credo Technology Surges on AI Cable Demand, but Customer Concentration Looms
Credo Technology shares jumped 9.8% to $265.55, topping the SOX rally, driven by strong AI cable demand. Yet, with the stock near analyst targets, risks from customer concentration loom.
MicroStrategy Sells $216M in Bitcoin to Cover Dividend Costs
MicroStrategy sold 3,588 bitcoin for $216 million, covering about 1.5 months of annual dividend and interest costs. MSTR shares traded near $100.77.