Latest News
Mortgage Rates at 6.71%: The Real Cost of Crossing the 6% Threshold
Freddie Mac's 30-year mortgage rate rose to 6.71%, adding $1,933 a year to the median homebuyer's payment. Housing demand stays stable but faces headwinds.
UiPath Shares Tumble 17% as Guidance Lift Masks Tepid H2 Outlook
UiPath shares fell 16.63% on Friday despite a Q2 revenue beat, as the company's full-year guidance raise adds just $244K to the second-half midpoint.
Foxconn August Sales Soar 52% on AI Server Demand
Hon Hai Precision's August revenue surged 52% YoY to NT$921.77 billion, powered by AI server demand. The company sees Q3 beating expectations with a low September bar.
Flex's $4.4B EPC Power Deal: High Stakes, Unclear Financing
Flex's $4.4B EPC Power acquisition boosts market value but leaves financing details vague, with projected 30% EBITDA margin drawing attention.
POET Technologies Stock Surges on Shenzhen Showcase, But Revenue Questions Loom
POET Technologies shares rose 8% on its Shenzhen showcase announcement, adding $102M in market value, yet Q2 revenue was just $569,925. The market weighs the company's order book against its modest sales.
Datavault AI Plunges 25%, Nasdaq Compliance at Risk
Datavault AI shares tumbled 25% to $0.2041, pushing the company further from Nasdaq's $1 minimum bid. A 390% rally is required for compliance, while revenue targets remain ambitious.
NIO Shares Slide 10% as September Delivery Target Looms Large
NIO shares dropped 10% as investors demand proof that September deliveries can meet guidance, despite strong Q2 revenue growth and a slim adjusted profit.
SK hynix ADS Premium Hits 46%, Signaling $405B Valuation Gap
SK hynix ADS jumped 8.1% to $177, trading at a 46% premium to Seoul shares. The gap implies a $405B valuation difference, with Solidigm review and buyback in focus.
SK hynix ADS Soars 8% Yet Trades at 46% Premium to Seoul Shares
SK hynix ADS jumped 8.1% to $177, trading 46% above its Seoul equivalent, implying a $405B valuation gap. Solidigm strategic review adds uncertainty.
Trade Desk Shares Slide 4.4% on 15% Job Cuts; Cost Savings Unclear
Trade Desk shares dropped 4.4% after announcing 15% job cuts. Restructuring charges estimated at $39M-$51M, but the company did not disclose expected annual savings.
Blue Owl's $6.5B Data-Center REIT Plan Raises Fee Questions
Blue Owl Capital (OWL) fell 0.8% after reports of a $6.5B data-center REIT plan. The seed equals 35.3% of its digital-infrastructure AUM, but fee details remain unclear.
BNB Steadies Near $727 as EU License Uncertainty Grows
BNB holds near $727 as Binance's EU license gap persists, but the exchange's dominant global spot share and small euro footprint keep traders calm.