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Grab Shares Rise Ahead of Indonesia Commission Cut; Buyback Supports
Grab shares gained 3.8% Monday as investors assess the July 1 Indonesia driver commission cut from 20% to 8%. The $500 million buyback plan provides support.
Freshworks Shares Surge on Heavy Volume, Spotlighting Buyback Potential
Freshworks shares surged 3.6% on Monday with volume nearly three times the average, reviving focus on its buyback plan as the stock remains well off its 52-week high.
July SSI Payment Shift Boosts Retail Spending, But Risks August Slump
A calendar quirk gives SSI recipients an extra July payment, pulling $5.7B of August spending forward. Retail investors expect a late-July sales spike, followed by a likely August slowdown.
BlackBerry Soars 8.6% as QNX Strength Fuels Rally, Valuation Scrutiny
BlackBerry jumped 8.6% to $12.39 on heavy volume, adding $2.1B in market cap from a $10M guidance bump. The rally raises questions about buyback costs and valuation.
Joby Aviation Shares Slide 24% Below January Stock Offering Price
Joby Aviation shares slid 2.2% to $8.64, trading well below its January stock offering price and convertible note conversion price, as the company burns cash amid eVTOL development.
Maruti Suzuki Taps Battery Recycler, AI Startups for Strategic Edge
Maruti Suzuki picks five startups, including battery recycler MiniMines and four AI firms, to enhance EV strategy and efficiency. Stock closed 2.42% lower on NSE.
Applied Materials Surges 11.7% as Analyst Targets Climb Above Street Average
Applied Materials (AMAT) soared 11.7% to $699.97, far outpacing semiconductor ETFs, as analysts raised targets and the company launched new AI chip tools. The stock now trades above its average analyst target.
Tesla Surge Powers QQQ as Q2 Delivery Estimates Take Center Stage
Tesla shares surged 5.9% to $402.28, adding roughly $80 billion to its market cap and contributing 0.18 percentage points to QQQ's gain. Investors focus on Q2 delivery estimates.