Reported 5 days ago
The University of Hong Kong (HKU) Business School has announced plans to accept Bitcoin and other digital currencies for tuition fees and donations, as part of a broader initiative to establish Hong Kong as a global hub for digital assets. The school's dean, Professor Hongbin Cai, confirmed that technical details are in place and expressed a willingness to experiment with cryptocurrencies, despite potential financial risks. This move aligns with recent regulatory frameworks introduced by the Hong Kong Monetary Authority aimed at promoting digital asset compliance and innovation.
Source: YAHOO
Reported 5 days ago
Confluent Inc. (NASDAQ:CFLT) saw its shares surge by 11.6% during the past week, largely driven by heightened market optimism surrounding potential interest rate cuts and a positive earnings report from peer MongoDB (NASDAQ:MDB), which revealed a reduced net loss and increased revenues. The company's stock climbed significantly before retracting towards the end of the week. Following this performance, investors are keenly awaiting Confluent's upcoming presentation at the Goldman Sachs Conference on September 8 for further insights into its business strategy.
Source: YAHOO
Reported 5 days ago
Ambarella, Inc. (NASDAQ:AMBA) experienced a remarkable surge, with shares climbing up to 32% to reach a new record high of $93.44, driven by an optimistic outlook and strong earnings for the second quarter. The company raised its full-year revenue growth forecast to 31-35%, highlighting production growth in the AI market, and reported a significant decrease in net loss along with a 49.9% increase in quarterly revenues. Despite this momentum, concerns persist regarding whether AMBA can deliver higher returns compared to other AI stocks.
Source: YAHOO
Reported 5 days ago
Cipher Mining Inc. (NASDAQ:CIFR) experienced a significant surge, reaching an all-time high of $8.71 on August 31, 2025, driven by increasing investor optimism in cryptocurrencies. The company's shares rose by 19.7% week-on-week and saw a notable 36.5% jump over the last five trading days before closing at $7.64. This rise comes amid positive developments in the crypto sector, including broader adoption of Bitcoin and supportive regulatory frameworks, along with a buy recommendation from Canaccord with a target price of $9.
Source: YAHOO
Reported 5 days ago
Snowflake Inc. (NYSE:SNOW) experienced a significant share price increase of 21.26% week-over-week, driven by strong second-quarter earnings and an optimistic growth outlook for the upcoming third quarter. The company reported a reduction in its net loss and a 32% year-on-year revenue growth, reaching $1.14 billion. CEO Sridhar Ramaswamy highlighted the company's strong customer base and opportunities for further expansion in data and AI solutions.
Source: YAHOO
Reported 5 days ago
IREN Ltd. (NASDAQ: IREN) surged by 23.56% week-on-week, achieving a new all-time high as investors reacted positively to its impressive earnings and designation as a preferred partner by Nvidia Corp. The company's earnings report revealed a significant turnaround to profitability with $86.9 million and a revenue increase of 167.6% to $501 million, largely driven by Bitcoin mining and AI cloud services. The company also expanded its GPU fleet significantly, positioning itself for continued growth in the tech sector.
Source: YAHOO
Reported 5 days ago
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) experienced a significant surge of 25.69% in its stock value as investors adjusted their portfolios ahead of the company's upcoming earnings report for Q2, slated for release on September 3. The automotive firm reported a 38% increase in retail sales volume during the second quarter, which raised its first half retail sales volume by 51%, showcasing strong demand despite global trade uncertainties.
Source: YAHOO
Reported 5 days ago
A 40-year-old user on Reddit sought advice on saving and investing with $1,000, particularly considering options like a Roth IRA or high-yield savings account due to previous bank frustrations. Respondents emphasized the importance of establishing an emergency fund before investing, as Roth IRAs lock funds until retirement age. Once an emergency fund is in place, the user can invest in a Roth IRA and eventually open a brokerage account to access funds more readily, highlighting a step-by-step approach to building wealth later in life.
Source: YAHOO
Reported 5 days ago
Pure Storage, Inc. (NYSE:PSTG) experienced a remarkable 33.05% increase in stock value, reaching a 52-week high of $80.68 following strong revenue performance attributed to its partnership with Meta Platforms Inc. The company's net income rose by 32% year-on-year to $47 million, with revenues increasing by 12.69% to $861 million, significantly aided by its collaboration with Meta. Pure Storage has also increased its full-year revenue growth outlook to between $3.6 billion and $3.63 billion, reflecting a positive growth trajectory.
Source: YAHOO
Reported 5 days ago
Wheels Up Experience Inc. (NYSE:UP) saw a significant 35% increase in stock value, driven by investor optimism over the divestiture of three non-core businesses, expected to save the company approximately $50 million. The stock reached an all-time high of $3.5 before profit-taking slightly reduced gains. CEO George Mattson highlighted the importance of this sale in enhancing the company’s financial stability and fostering future growth.
Source: YAHOO
Reported 5 days ago
MongoDB, Inc. (NASDAQ: MDB) reached a nine-month high, surging 44.07% week-on-week to $321.92 after reporting strong second-quarter earnings, with revenues rising 23.7% to $591 million and a reduced net loss of $47 million. The company also received an upgraded price target of $265 from Macquarie, reflecting confidence in its changing go-to-market strategy, although the firm maintained a neutral stance on the stock.
Source: YAHOO
Reported 5 days ago
EchoStar Corp. (SATS) surged by 108.61% over the past week to reach a new all-time high, driven by a significant $23 billion agreement with AT&T for spectrum licenses that mitigated regulatory hurdles and alleviated bankruptcy fears. The stock peaked at $61.87 during Friday's trading before closing slightly lower at $61.79. This deal not only resolves compliance issues with the FCC, but also marks a major step forward for the company, which had faced scrutiny regarding its 5G service obligations.
Source: YAHOO
Reported 5 days ago
This article highlights four leading dividend stocks known for generating impressive cash flow: Coca-Cola, ExxonMobil, Johnson & Johnson, and Kinder Morgan. Coca-Cola has paid nearly $100 billion in dividends over the past 15 years, while ExxonMobil returned $36 billion to shareholders last year. Johnson & Johnson produced $20 billion in free cash flow and has consistently increased its dividend for over 63 years, like Coca-Cola. Kinder Morgan anticipates $5.9 billion in cash flow this year, allowing for continued dividend growth. These companies exemplify strong cash generation and are ideal for dividend-focused investors.
Source: YAHOO
Reported 5 days ago
In her new book 'You Already Know: The Science of Mastering Your Intuition', author Laura Huang reveals how trusting our gut feelings can enhance decision-making. Based on insights from successful entrepreneurs and athletes, Huang argues that gut feeling is a valuable tool derived from our cumulative experiences and insights, enabling us to navigate complexities in life and business. While data and analysis are critical, she emphasizes the importance of personal intuition in making choices that resonate with our individual goals.
Source: YAHOO
Reported 5 days ago
The imminent launch of a blockchain-based yen-backed stablecoin, expected to be approved by Japan's Financial Services Agency this fall, coincides with the anticipated interest rate hikes by the Bank of Japan (BOJ). This stablecoin, to be introduced by Tokyo-based fintech JPYC, will trade at a 1:1 ratio with the Japanese yen, catering to needs like trading and international payments. There's industry interest, with Monex Group also considering a similar offering. As BOJ could move rates upwards, there’s potential for increased investment in yen-backed assets, contrasting with the U.S. Federal Reserve's direction.
Source: YAHOO
Reported 5 days ago
Nvidia recently reported second-quarter results, surpassing most expectations yet falling short on data center revenue. Analyst John Vinh discusses two key growth catalysts for the company: the anticipated launch of the next-generation Blackwell Ultra, expected to increase pricing in the latter half of the year, and improved production of DGX racks, which are currently limited in supply but show promise for increased shipments. Vinh has raised his price target for Nvidia from $215 to $230 per share, bolstered by a significant buyback authorization.
Source: YAHOO
Reported 5 days ago
Payday loans may seem like a quick solution in times of financial distress, but experts warn they often lead to devastating long-term consequences due to exorbitant interest rates and hidden fees. With annual percentage rates that can soar above 400%, borrowers can quickly find themselves trapped in a cycle of debt, paying more in fees than the original loan amount. Instead of turning to payday lenders, consider building emergency funds, seeking advice from financial professionals, or exploring alternatives like local credit unions for short-term loans.
Source: YAHOO
Reported 5 days ago
Republican Senator James Lankford underscored the necessity of an independent Federal Reserve, contrasting with Vice President JD Vance's view that elected officials should influence monetary policy. In a discussion on NBC, Lankford affirmed that while the Fed should be in charge of setting interest rates, the president and Congress have distinct roles in economic policy-making. This conversation comes amid tensions following President Trump's recent firings of Fed officials, which critics argue aim to undermine the Fed's independence.
Source: YAHOO
Reported 5 days ago
Jim Cramer recently discussed Abbott Laboratories (ABT), noting its 16.7% share growth year-to-date despite a dip following mixed Q2 earnings. He expressed disappointment over the company's unchanged guidance but shared that the Binax COVID test could serve as a potential catalyst for growth. Cramer remains cautious, suggesting that while ABT holds promise, some AI stocks may offer higher returns with less risk.
Source: YAHOO
Reported 5 days ago
Jim Cramer recently highlighted Broadcom Inc. (NASDAQ:AVGO) for its role in the AI sector, particularly in developing ASIC chips designed to work alongside NVIDIA's AI GPUs. The semiconductor company has seen a 27% increase in shares this year, benefitting from the surging interest in AI technologies, despite the challenges posed by tariffs and supply chain dynamics involving major partners like Apple.
Source: YAHOO
Reported 5 days ago
Jim Cramer has recently shifted his view on Amazon.com, Inc. (NASDAQ:AMZN) after initially criticizing the company's cloud computing performance and its use of Trainium chips. Following an earnings report that disappointed investors, Cramer reflects positively on CEO Andy Jassy's approach to balancing costs and computing power, indicating a newfound support for Amazon's strategy.
Source: YAHOO
Reported 5 days ago
Palo Alto Networks, Inc. (PANW) has been highlighted by Jim Cramer as a strong investment after its stock gained 5.4% year-to-date, despite a slump following its announcement to acquire CyberArk for $25 billion. Cramer remains optimistic about the company's future growth potential, emphasizing the importance of identity in cybersecurity as a driving factor for the acquisition.
Source: YAHOO
Reported 5 days ago
Jim Cramer recently highlighted concerns over Chipotle Mexican Grill's (CMG) expensive menu offerings, noting that a recent 13% drop in its shares reflects consumer sentiment about the high costs. He pointed out that customers are seeking more affordable options and that Chipotle's current pricing strategy may not align with tighter consumer budgets, resulting in negative sales for the chain.
Source: YAHOO
Reported 5 days ago
In a candid moment on 'Mad Money,' Jim Cramer acknowledged that he missed a significant opportunity with Astera Labs, an AI infrastructure company that has seen impressive growth this year. He expressed regret for not advising viewers to invest in the stock, which has surged nearly 145% over six months and delivered strong quarterly results. The company's focus on AI connectivity solutions positions it uniquely in the booming AI market, making it a standout choice among investors.
Source: YAHOO
Reported 5 days ago
Jim Cramer highlighted the ongoing difficulties faced by CAVA Group, Inc. (CAVA), which has seen its stock drop 41% this year due to disappointing sales and earnings. The August slump was exacerbated by a weaker earnings report that prompted the company to lower its same-store sales growth forecast. Cramer attributes these struggles to the high menu prices at CAVA compared to competitors offering similar items at lower costs.
Source: YAHOO