Transocean Stock Slips 3.2% as Debt Burden Looms Over Contract Backlog
Markets Daniel Marsh

Transocean Stock Slips 3.2% as Debt Burden Looms Over Contract Backlog

Transocean (RIG) dropped 3.2% as investors weighed $4.3 billion in debt against a $6.7 billion contract backlog, despite higher oil prices.

RIG VAL NE BORR SPY USO EQNR
Zscaler's After-Hours Rally Fades as Margins Slip
Earnings James Calloway

Zscaler's After-Hours Rally Fades as Margins Slip

Zscaler's stock pared a 12% after-hours surge after reporting a sharp drop in free-cash-flow margin to 7%, despite a 25% revenue beat. Investors focused on rising capex and slower organic growth.

ZS
Verizon Shares Edge Up Despite Fresh Service Disruption Reports
Markets Daniel Marsh

Verizon Shares Edge Up Despite Fresh Service Disruption Reports

Verizon shares gained 0.9% on Thursday despite fresh outage reports, as investors focus on the company's recovery in subscriber additions.

VZ
Nasdaq Rises 1.4% as Fed's Waller Signals Possible Rate Pause
Markets Daniel Marsh

Nasdaq Rises 1.4% as Fed's Waller Signals Possible Rate Pause

The Nasdaq advanced 1.4% as Fed Governor Waller hinted at a possible pause in rate hikes. Tech stocks led gains, while yields eased.

MSFT META NVDA SNOW AVGO TSN SPY QQQ XLF XLK XLY XLE
Bradesco ADR Volume Spikes 29% as Q2 Profit Holds Steady
Markets Daniel Marsh

Bradesco ADR Volume Spikes 29% as Q2 Profit Holds Steady

Bradesco ADRs inched up 0.3% with volume 29% above average, as Q2 profit rose 16.2% but provisions climbed 22.6%.

Live Cattle Futures Surge 2% as DOJ Expands Beef Price Probe to Major Grocers
Commodities Rebecca Torres

Live Cattle Futures Surge 2% as DOJ Expands Beef Price Probe to Major Grocers

Live cattle futures rose 1.96% to 214.30 cents/lb as the DOJ widened its beef pricing inquiry to eight major grocers. Tyson Foods shares tumbled 7.56% after forecasting a larger beef segment loss.

TSN WMT COST AMZN KR ACI
B2Gold Jumps 4.3% as Gold Price Gap Widens to $2,000+
Commodities Rebecca Torres

B2Gold Jumps 4.3% as Gold Price Gap Widens to $2,000+

B2Gold shares rose 4.3% to $5.64 as gold futures hit $4,522.50, creating a $2,063-per-ounce gap above AISC. The company's cash conversion remains key.

BTG GLD
Planet Labs Stock Slides 9.5% as New Defense Deal Adds Little to Backlog
Markets Daniel Marsh

Planet Labs Stock Slides 9.5% as New Defense Deal Adds Little to Backlog

Planet Labs shares dropped 9.5% after announcing a one-year defense contract valued at up to $10 million, representing only 1.1% of its backlog. Investors await Q2 earnings.

PL
Microsoft Stock Climbs 3% as $41B Capex Raises Cash Flow Questions
Technology Sarah Chen

Microsoft Stock Climbs 3% as $41B Capex Raises Cash Flow Questions

Microsoft shares gained 3% as investors weighed strong Azure growth against $41B in quarterly capital spending that exceeded free cash flow.

MSFT
Tech Rally Powers Nasdaq as Fed Rate Pause Hopes Grow
Markets Daniel Marsh

Tech Rally Powers Nasdaq as Fed Rate Pause Hopes Grow

Nasdaq surges 1.5% as Waller hints at possible rate pause, tech stocks rally, Treasury yields slip. ISM services prices rise to 72.6.

MSFT META NVDA AAPL SPY QQQ IWM
BitMine Shares Jump 14% as Market Cap Nearly Matches Crypto Holdings
Crypto Sarah Chen

BitMine Shares Jump 14% as Market Cap Nearly Matches Crypto Holdings

BitMine shares climbed 14% as its market cap reached $15.9 billion, aligning with its reported crypto holdings. Ether's rally drove the surge.

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Fixed-Rate Mortgage Premium Widens as Bank of Canada Holds Rates
Markets Daniel Marsh

Fixed-Rate Mortgage Premium Widens as Bank of Canada Holds Rates

The gap between Canada's lowest fixed and variable mortgage rates widened to 79 basis points after the Bank of Canada held its policy rate, adding C$211 to monthly payments on a C$500,000 mortgage.

BMO RY TD CM BNS NA