Reported 10 days ago
Malaysia's SkyeChip has introduced the MARS1000, the nation's first edge AI processor, marking a significant technological milestone as the country seeks to enhance its role in the global AI landscape. This development comes amid increased efforts in AI investment and the establishment of the Malaysian National AI Office aimed at promoting AI adoption and regulatory frameworks.
Source: YAHOO
Reported 10 days ago
JPMorgan Chase has rehired Ofer Harduf from Fifth Wall, a venture capital firm, as it aims to enhance its technology team. Harduf, who will serve as a managing director in the technology M&A group in San Francisco, previously spent nine years at JPMorgan focusing on technology sectors and has four years of experience at Fifth Wall. His return adds to the growing roster of new hires in JPMorgan's tech group amid an increase in advisory mandates in the sector.
Source: YAHOO
Reported 10 days ago
Cracker Barrel's recent logo redesign and quick reversal following customer backlash have attracted significant attention, potentially boosting short-term traffic to the restaurants. According to an analyst at Citi, searches for the brand have surged, even as the long-term effects on the business remain uncertain. The company's stock rose after reverting to its traditional logo, which includes the popular image of Uncle Herschel, amidst growing concerns about its relevance among younger consumers.
Source: YAHOO
Reported 10 days ago
Kohl’s stock surged approximately 20% after the company's sales decline was less severe than analysts anticipated, marking a potential turnaround for the retailer following the dismissal of its CEO. Despite continuing to lose market share and having a drop in comparable sales, Kohl’s improved profits in the last quarter and raised its sales guidance for the year. The stock has benefitted from increased attention on social media, resulting in a over 150% rise since April.
Source: YAHOO
Reported 10 days ago
In a recent market update, Canada Goose shares rose following reports of potential take-private offers valuing the company at $1.35 billion. Meanwhile, the Royal Bank of Canada exceeded revenue expectations, aided by lower provisions for loan losses and a strong performance in its capital markets division. Additionally, Williams-Sonoma raised its sales growth forecast for the year amid a robust second quarter, although they acknowledged some pressure from tariff costs.
Source: YAHOO
Reported 10 days ago
A White House official has called for Federal Reserve governor Lisa Cook to take leave until allegations of mortgage fraud are settled, following President Trump's attempt to remove her from the Fed's Board of Governors. National Economic Council Director Kevin Hassett stated that if he were in Cook's position, he would step aside amid the serious accusations. Cook has declared her intention to contest her removal legally and insists she will not resign, arguing that Trump's actions lack a lawful basis.
Source: YAHOO
Reported 10 days ago
Apple is increasing production at five Indian factories ahead of the iPhone 17 launch while facing 50% tariffs from the US on Indian goods. Experts assess the impact on Apple's stock, noting that although the tariffs pose some risk, the major concern lies in Apple's lag in AI innovation compared to competitors like Nvidia. Despite these challenges, analysts remain optimistic about Apple's future and its ability to maintain investor confidence.
Source: YAHOO
Reported 10 days ago
The article summarizes a bullish thesis on Dominion Energy, Inc. (D) proposed by аналитик Magnus Ofstad, highlighting the company's strong Q2 2025 performance with a 38% YoY increase in net income and notable growth in its utility segments. Additionally, D's strategic investment in Virginia's 'Data Center Alley' positions it favorably amidst rising demand for energy driven by cloud computing and data centers. Despite some financial leverage, D's focus on clean energy through the Coastal Virginia Offshore Wind project and planned infrastructure investments suggest a promising long-term investment opportunity.
Source: YAHOO
Reported 10 days ago
A recent bullish analysis on Uber Technologies, Inc. (UBER) highlights the company's impressive Q2 results, showing an 18% revenue growth that surpassed expectations. The stock, priced at $96.79, has risen nearly 30% since November 2024, with management raising Q3 guidance and launching a $20 billion buyback program. Despite concerns regarding competition from robotaxis, Uber's strong position in software and aggregation allows it to integrate autonomous vehicle services efficiently, reinforcing its growth potential.
Source: YAHOO
Reported 10 days ago
Nu Holdings Ltd. continues to demonstrate strong growth with 4.2 million new customers added in Q2 2025, bringing its total to 122.7 million. The company's total deposits increased by 41% year-over-year, with Brazil leading. Nu's credit portfolio also expanded by 40%, while revenue grew 29% to $3.67 billion. Strategic leadership hires position the company for continued growth and international expansion, signaling a focus on monetization and deeper customer engagement in the rapidly expanding markets of Brazil, Mexico, and Colombia.
Source: YAHOO
Reported 10 days ago
Meituan, a leading food delivery service in China, experienced a staggering 89% decline in adjusted net profit for the second quarter, attributed to increasing competition in the instant retail sector. Although the company commands nearly 70% of China's delivery market, it anticipates high customer retention costs and pressure on profit margins as rivals like JD.com and Alibaba escalate their efforts in the food delivery arena. Meituan is also adapting by expanding internationally, including investments in markets like Brazil and the Middle East.
Source: YAHOO
Reported 10 days ago
Nasdaq 100 E-Mini futures show a slight uptick of 0.02% as investors anticipate Nvidia's key earnings report, following a positive trading session for major stocks like Eli Lilly, which saw a rise of more than 5%. While economic indicators reveal robust consumer sentiment, investors are cautious, particularly with Nvidia's report expected to influence market trends in AI and tech stocks. Analysts predict Nvidia will post record sales due to high demand for its AI chips, setting the stage for potential market movements in the days ahead.
Source: YAHOO
Reported 10 days ago
Harvest Midstream, founded by billionaire Jeff Hildebrand, is set to purchase $1 billion in natural gas gathering and processing assets from MPLX. The deal expands Harvest's operations into the Uinta and Green River shale basins and includes 1,500 miles of pipelines and significant processing capacity. The transaction is expected to finalize in the fourth quarter of this year, while MPLX shifts focus to investment in the Permian Basin.
Source: YAHOO
Reported 10 days ago
Gold mining company Newmont is set to implement significant job cuts as part of a cost-reduction strategy, aiming to lower expenses by $300 per ounce. The company did not disclose the specific number of job reductions, but reports suggest it could involve thousands of layoffs. This decision follows their recent acquisition of Newcrest and is intended to align them more closely with lower-cost competitors.
Source: YAHOO
Reported 10 days ago
Source: INVESTORS
Reported 10 days ago
Intuit Inc, a leading financial technology company known for products like TurboTax and QuickBooks, ended fiscal year 2025 with impressive revenue growth across all its segments, posting a 20% increase in Q4 revenue. Analysts predict that Intuit's stock could rise by over 51% to reach $1,000, attributed to strong performance in AI-driven services and an expansive market opportunity. Despite a modest dividend yield, the company's continued expansion into the mid-market and commitment to growth make it a strong buy on Wall Street, with a projected double-digit revenue increase for fiscal 2026.
Source: YAHOO
Reported 10 days ago
Source: WSJ
Reported 10 days ago
Huntington Ingalls Industries, a leading military shipbuilder, has seen its stock underperform compared to broader market indices, despite a 43.8% rise in 2025. Analysts currently rate HII stock as a 'Moderate Buy' with the majority of coverage suggesting 'Holds' or 'Strong Buys.' Recent quarterly earnings showed positive results, but operating income challenges, particularly in significant programs, and higher interest expenses have raised concerns. The consensus price target indicates a modest potential upside.
Source: YAHOO
Reported 10 days ago
Source: WSJ
Reported 10 days ago
China is aiming to triple its output of artificial intelligence chips by 2026 to reduce reliance on Nvidia. Huawei is set to begin operations at a new AI chip plant by the end of this year, with two additional facilities planned for 2026. The increased production could surpass the capacity of Semiconductor Manufacturing International Corporation (SMIC), which is also expanding its 7nm chip manufacturing. This move comes as part of China's efforts to enhance its domestic chip capabilities amid security concerns associated with foreign technologies.
Source: YAHOO
Reported 10 days ago
Investors express unease as President Donald Trump's recent deal, converting $11.1 billion in government funding into a 9.9% stake in Intel, is seen as a potential start of government intervention in private companies. Concerns grow regarding increased government meddling, diluted shareholder rights, and whether such government equity stakes could blur the lines between corporate and national interests. The deal has provoked discussions about risks of insider trading and the precedent it sets for future federal investments in private sectors.
Source: YAHOO
Reported 10 days ago
Canada Goose's major shareholder, Bain Capital, has received take-private offers, valuing the luxury brand at approximately $1.4 billion, according to CNBC. Bain, which obtained a majority stake in 2013, aims to sell its holding with Goldman Sachs advising on the process. The company has faced recent financial pressures and posted a larger-than-expected quarterly loss in July, while U.S.-listed shares rose over 6% in premarket trading following the news of the bids.
Source: YAHOO
Reported 10 days ago
In the financial markets, U.S. short-term Treasury yields have declined to near four-month lows as political pressures mount on the Federal Reserve, coinciding with anticipation of Nvidia's earnings report. The Fed is facing scrutiny regarding interest rate policies, particularly with Governor Lisa Cook potentially facing legal challenges to her position. Amidst these developments, the dollar remains strong despite falling yields, while tensions between the U.S. and India escalate due to increased tariffs. Investors are particularly focused on Nvidia’s performance, which could significantly influence market trajectories.
Source: YAHOO
Reported 10 days ago
Nvidia, a leading AI chipmaker and a pivotal player in the S&P 500 rally, is set to release its second-quarter earnings after the U.S. market closes. Analysts expect impressive figures, but with growth slowing significantly from 2024's 122% rate to an anticipated 53.2% revenue increase, the focus will be on Nvidia's outlook for AI demand and potential sales to China, particularly amidst rising security concerns. Investors are keen on insights regarding the supply chain and new products targeting the Chinese market, as well as commentary on whether the excitement surrounding AI might be overstated.
Source: YAHOO
Reported 10 days ago
Source: BARRONS