Latest News
Robinhood Rises on $1.7B Revenue Forecast; SpaceX Drops Below IPO Price
Robinhood stock rose 1.2% as Bernstein boosted its price target to $160, projecting $1.7 billion in prediction-market revenue by 2028. SpaceX shares slipped 0.8% to $123, trading below their IPO price.
Jersey Mike's IPO Primarily Benefits Existing Shareholders, Debt Reduction Minimal
Jersey Mike's upcoming IPO sees 68.3% of shares sold by existing holders, with net proceeds of ~$301M reducing debt by only 14.3%. Blackstone retains voting control.
AST SpaceMobile Stock Dips After $1B Fundraise Highlights Launch Delay Risk
AST SpaceMobile stock dropped 2.1% after a $1 billion fundraising highlighted a potential delay in its satellite launch. The company now targets early 2027 for 45 BlueBird satellites, revising its end-of-2026 goal.
VTI's Broader Market Exposure Fails to Outperform VOO During Downturns
Despite holding 3,025 additional stocks, VTI underperformed VOO during three major market selloffs, with gaps up to 1.35 percentage points.
ServiceNow Stock Slips as Backlog Growth Takes Center Stage Ahead of Earnings
ServiceNow shares declined 2.7% as investors scrutinized the company's cRPO growth guidance of 19%, which trails its subscription revenue target of 22.5%, ahead of Q2 earnings.
