Bernstein analyst Gautam Chhugani trimmed the price target on the Strategy (Nasdaq: MSTR) stock on Aug. 25. The analyst cut the price target from $450 to $350 while keeping an “Outperform” rating on the shares. He attributed the target cut to his updated Bitcoin cycle outlook and Strategy’s equity dilution. With 840,447 Bitcoin (BTC) on…
Expert expectations still haven’t caught up with Nvidia’s actual numbers. In its Q2 fiscal 2027 earnings report, the chipmaker announced $96.2 billion in revenue and $59.6 billion in net income, both up over 100% year-over-year. Those numbers are well above Wall Street estimates at $91.96 billion in revenue and $50.94 billion in profits, as reported…
Rubrik (RBRK) reported fiscal second quarter financial results that handily beat estimates while October quarter sales guidance topped views. Rubrik stock fell in after-hours trading amid a big run-up and high expectations. The data storage and security software firm reported earnings after the market close on Thursday. Rubrik reported earnings of 20 cents per share…
Consumer financing firm Affirm Holdings (AFRM) reported fiscal fourth-quarter earnings and revenue that topped Wall Street targets while fiscal 2027 guidance for a key financial metric came in above expectations. Affirm stock climbed on the news. The San Francisco-based company reported July-quarter earnings after the market close on Thursday. The company reports results using generally…
Massachusetts Sen. Elizabeth Warren sent a letter to Fed Chairman Kevin Warsh on Thursday, ahead of the central bank’s high-stakes gathering in Jackson Hole, calling on him to increase transparency of communication about the state of the economy and monetary policy. “I urge you to use your scheduled speech at Jackson Hole to start being…
Corn futures are fading back on Thursday, with contracts 2 to 3 cents lower so far at midday. The CmdtyView national average Cash Corn price is back down 2 3/4 cents at $4.82 1/4. Export Sales data from this morning showed 31,220 MT of old crop corn for the week of 31,220 MT, which was within…
Canada-headquartered Revolve Renewable Power Corp., a North American owner, operator and developer of power generation and digital infrastructure projects, announced it has entered into a MXN$450 million ($24 million) project-level, non-recourse-style financing facility with Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva. The facility is secured by project cash flows and contracted revenues…
Investors shouldn’t think of Five Below (FIVE) as just a seller of cheap toys and gadgets. The retailer’s strategic shift focuses around capturing higher consumer traffic. Five Below ranks No. 1 in the general retail industry group, according to Investor’s Business Daily’s IBD Stock Checkup, owning the group’s best Composite Rating and Earnings Per Share Rating….
By Karen Brettell Aug 27 (Reuters) – Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh appear at odds over a question at the heart of U.S. financial policy. How hands-off can policymakers be when it comes to setting a price for money? Warsh has advocated retreating from some of the central bank’s longstanding…
LONDON, Aug 27 (Reuters) – Google has agreed to settle a mass London lawsuit brought on behalf of app developers for £260 million ($353.21 million), according to a deal published on Thursday. The claim, which was previously valued at just over £1 billion, sought compensation on behalf of developers who sold apps on Google’s Play…
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