Latest News
Block Stock Jumps 5.7% as Cash App Growth Offsets Rising Credit Costs
Block shares climbed 5.7% after Cash App's gross profit surged 31%, offsetting worries about a spike in credit losses. The stock trades at $82.30.
BitMine Shares Edge Up as Ether Decline Narrows Asset Cushion
BitMine shares gained 0.2% to $23.42, while ether's 0.9% dip reduced the company's treasury discount to 3%, with common equity estimated at $24.21 per share.
Mortgage Demand Edges Higher as 30-Year Rate Holds Near 6.8%
US mortgage purchase applications rose 2% last week even as the 30-year fixed rate climbed to 6.79%. Refinancing fell 1% and remained 19% below year-ago levels, according to MBA data.
Grab Stock Climbs 0.9% as $750M Buyback Proceeds Post-Earnings Slump
Grab shares edged up 0.9% to $3.49 as its $750 million buyback advances, but the stock remains 6.2% below its post-earnings close. Q2 revenue grew 22%.
Farmmi Shares Soar 41% on Record Volume Amid Weak Fundamentals
Farmmi shares surged 41% on Wednesday with volume 148x above average, despite a 60.4% revenue drop and Nasdaq compliance concerns.
Mitsubishi Motors Tumbles 6.4% as Pajero Debut Raises Margin Concerns
Mitsubishi Motors shares dropped 6.4% on the Pajero's world debut, wiping out a week's gains. Investors await pricing and margin details.
Kiwi Tumbles as RBNZ's Rate Path Falls Short of Hawkish Bets
The New Zealand dollar slid 0.9% after the RBNZ raised rates to 2.75% but projected a 3.15% peak, lower than market bets of 3.5%, prompting a dovish read.
Ford Stock Holds Steady as Price Hikes Offset August Sales Slump
Ford (F) shares remained near $13.91 after August sales fell 10.3%, but a $1,900 average price increase and retail share gains helped offset the decline.
Small Caps Outperform as Oil Steadies Near $91; Tech Lags
Small-cap stocks outpaced the broader market on September 2 as crude oil hovered near $91 and Treasury yields stabilized. Dell, Nvidia, and GitLab jumped on earnings, while MongoDB and Credo slumped.
