Snap shares plummet 15% after weak second quarter revenue metric

cnbc - Snap reported second-quarter earnings in which sales were basically in line with analysts' estimates while global average revenue per user missed expectations.

Back to Top / Tuesday, August 5, 2025, 4:20 pm / permalink 11678 / 2 stories in 7 months

Firefly Aerospace lifts IPO range that would value company at more than $6 billion

cnbc - Firefly Aerospace lifted the share price range for its upcoming IPO, in a move that would value the space technology company at more than $6 billion.

Back to Top / Monday, August 4, 2025, 3:21 pm / permalink 11586 / 1 stories in 7 months

Tesla board awards $29bn of shares to Elon Musk - Financial Times

google - Tesla board awards $29bn of shares to Elon Musk Financial Times

Back to Top / Monday, August 4, 2025, 7:20 am / permalink 11540 / 13 stories in 7 months

OPEC+ boosts September oil output with significant bpd hike

OPEC+ members have reached an accord to raise oil production quotas for September, marking the highest output level in two years. The decision, which includes a 548,000 barrels per day increase, aims to stabilize markets amid fluctuating demand, reflecting a rare show of unity among the producing nations.

Back to Top / Sunday, August 3, 2025, 11:20 am / permalink 11516 / 1 stories in 7 months

Figma readies blockbuster IPO amidst high investor enthusiasm

Figma is preparing for its highly anticipated Wall Street debut, positioning itself as one of the largest VC-backed tech companies to go public in years. The IPO is generating significant buzz, as investors anticipate strong market performance and a transformative impact on the design software landscape.

Back to Top / Thursday, July 31, 2025, 11:21 am / permalink 11358 / 8 stories in 7 months

Kleiner Perkins-backed Ambiq pops on IPO debut

Marina Temkin / techcrunch - The 15-year-old chipmaker saw its shares climb 61% above its IPO price by the close of its first trading day.

Back to Top / Wednesday, July 30, 2025, 9:20 pm / permalink 11313 / 2 stories in 7 months

Arm shares plunge amid disappointing earnings and outlook

Arm’s quarterly earnings came with an unwelcome twist as revenue misses sent share prices tumbling. The chip designer’s announcement to invest in making its own chips was met with mixed reactions, leaving investors to grumble about whether its new strategy can truly reverse the downturn.

Back to Top / Wednesday, July 30, 2025, 8:20 pm / permalink 11312 / 3 stories in 7 months

Meta Q2 earnings reveal mixed signals and soaring shares

Meta’s second‐quarter reports shed light on a dual narrative: robust revenue growth driven by a strong ad business contrasts sharply with a staggering loss in Reality Labs. Investors celebrated share surges even as analysts warned that the company’s ambitious AI investments may come at a steep price.

Back to Top / Wednesday, July 30, 2025, 4:21 pm / permalink 11285 / 8 stories in 7 months

Novo Nordisk Forecast Slashed, Shares Plunge Sharply

Facing a perfect storm of disappointing weight‐loss drug sales and investor unease, Novo Nordisk has dramatically downgraded its future forecasts. The fallout has triggered a record plunge in shares while industry watchers and investors scrutinize how the pharmaceutical giant plans to navigate these choppy waters amid high-stakes market expectations.

Back to Top / Tuesday, July 29, 2025, 8:20 am / permalink 11122 / 1 stories in 7 months

The first company to complete a fully successful lunar landing is going public

Stephen Clark / arstechnica - Some of Firefly's programs are going quite well. Others, not so much.

Back to Top / Monday, July 28, 2025, 6:20 pm / permalink 11097 / 3 stories in 7 months

Figma raises IPO range to $30-$32 per share, in deal that could value company at nearly $19 billion

cnbc - The new valuation is still below what Adobe offered to pay to buy Figma in 2022.

Back to Top / Monday, July 28, 2025, 1:21 pm / permalink 11062 / 1 stories in 7 months

US-EU tariff deal sparks market gyrations and tariff details emerge

A recently struck US-EU tariff agreement has set off a series of market reactions, with European stocks rallying and the dollar gaining strength. Notably, the deal appears to include provisions on pharma chips, underscoring a multifaceted negotiation that leaves investors both bemused and cautiously optimistic.

Back to Top / Monday, July 28, 2025, 4:20 am / permalink 11024 / 5 stories in 7 months

EU Rejects Sarepta-Roche Gene Therapy, Triggering Market Plunge

European regulators have denied approval for Sarepta-Roche’s gene therapy candidate, Elevidys, sending the company’s shares tumbling. The decision highlights the regulatory hurdles facing cutting‐edge biotech and the ensuing financial backlash, leaving investors to wonder if innovation comes at too high a price.

Back to Top / Friday, July 25, 2025, 10:21 am / permalink 10913 / 0 stories in 7 months

Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead

Luc Olinga / gizmodo - Tesla posted a 16% profit drop and a 12% revenue slide as EV demand weakens, tax credits vanish, tariffs bite, and Musk admits the pain may last for quarters to come.

Back to Top / Thursday, July 24, 2025, 4:20 am / permalink 10804 / 7 stories in 7 months

Google just spent $14 billion on servers in 91 days, plans even higher spending soon

Simon Sharwood / theregister - G-Cloud on track for $50 billion revenue as AI creates a new generation of Google-eyed youth Google’s parent company Alphabet has increased its capex budget for the year by $10 billion and now expects to spend $85 billion this year, and more in 2026.…

Back to Top / Thursday, July 24, 2025, 3:20 am / permalink 10803 / 2 stories in 7 months

ServiceNow Stock Jumps as AI Deals Spur Guidance Hike

ServiceNow’s shares jumped 7% amid a flurry of new AI deals, prompting the company to lift its growth guidance. Investors now have plenty to debate over as the firm dabbles in every new buzzword in tech, leaving some to wonder if it’s visionary or just riding a trendy wave.

Back to Top / Wednesday, July 23, 2025, 8:20 pm / permalink 10789 / 2 stories in 7 months

Tesla’s earnings hit a new low, with largest revenue drop in years

Andrew J. Hawkins / theverge - Tesla released its second quarter financial earnings today, offering the latest evidence of the damage Elon Musk’s political activities have done to his flagship company. Tesla said it earned $1.17 billion in net income on $22.5 billion in revenue. That’s…

Back to Top / Wednesday, July 23, 2025, 4:21 pm / permalink 10768 / 9 stories in 7 months

US-Japan trade deal sends global markets and gold prices tumbling

A fresh US-Japan trade agreement is rattling financial markets: gold prices are dropping and global stocks are spiking. With reciprocal tariff adjustments in place, investors are left deciphering the deal’s ripple effects, proving once again that even trade talks can turn the market into a roller coaster ride.

Back to Top / Wednesday, July 23, 2025, 12:21 pm / permalink 10740 / 0 stories in 7 months

BitGo files confidentially for US IPO amid crypto surge

Crypto custody firm BitGo has confidentially filed for a US IPO, marking a pivotal step as it seeks to capitalize on growing institutional interest. The filing underscores the firm’s ambitions in a buoyant digital asset market and signals increasing mainstream acceptance of crypto financial solutions.

Back to Top / Monday, July 21, 2025, 12:21 pm / permalink 10541 / 0 stories in 7 months

London Stock Exchange Eyes 24-Hour Trading Shift

The London Stock Exchange Group is reportedly examining a move to extend trading hours to around the clock in response to shifting market dynamics and global competition. This initiative aims to boost liquidity while leveraging technology trends in trading platforms, potentially reshaping traditional market operations with a dose of futuristic ambition.

Back to Top / Sunday, July 20, 2025, 2:20 pm / permalink 10490 / 1 stories in 7 months