Sandisk authorizes $15.5 billion buyback, equal to 8.6% of shares
Sandisk can now repurchase up to $15.5 billion of its own stock, representing roughly 8.6% of the company.
News Archive
Every report the desk has filed, searchable by full text, topic, format, symbol and date range.
Apple said to be testing CXMT memory chips as AI demand tightens supply
Apple is reportedly evaluating memory chips from China's ChangXin Memory Technologies as global supply tightens on AI-driven demand.
AG Mortgage Investment Trust to buy Cherry Hill Mortgage for $117.5 million
MITT agreed to acquire Cherry Hill Mortgage in a deal valued at $117.5 million, continuing consolidation among small mortgage REITs.
Barrick Mining falls after second-quarter earnings miss
Barrick shares declined as quarterly earnings came in below expectations even though production increased.
Meta releases new AI model as Zuckerberg makes 6,500-word case against AI pessimism
Meta launched a new AI model with an open-weight emphasis, alongside a lengthy essay from CEO Mark Zuckerberg arguing artificial intelligence will benefit the economy and society.
Under Armour cuts fiscal 2027 sales outlook on soft demand
The sportswear maker lowered its FY27 revenue guidance, citing weak consumer demand.
SpaceX shares rebound 15% as retail holders turn net sellers for the first time since listing
SpaceX stock bounced 15% off a record low, while separate data showed retail investors sold the shares on a net basis for the first time since the IPO.
Airbnb shares jump 17% after quarterly results top expectations
Airbnb stock rose sharply after the company's latest quarterly results came in ahead of analyst expectations.
TD Cowen puts 25% odds on Trump removing Fed governor Cook
TD Cowen's policy team estimates a 25% chance the Trump administration succeeds in removing Federal Reserve Governor Lisa Cook.
CME leveraged funds turn net long bitcoin as basis trade fades
Hedge funds in CME bitcoin futures have abandoned their long-standing structural short position, a shift CoinDesk attributes to compressed futures yields that undermined the cash-and-carry basis trade.
Resolution Copper awards $110m in contracts for Arizona project
The Rio Tinto-led Resolution Copper joint venture has awarded about $110 million of contracts tied to its underground copper project in Arizona.
Rakuten reports record quarterly revenue on fintech strength
Rakuten posted record revenue for the quarter, with its fintech segment driving a jump in profit.
UK competition watchdog targets Aldi and Lidl land agreements
The Competition and Markets Authority has proposed new restrictions on land agreements used by Aldi and Lidl, extending rules that already apply to larger UK grocers.
Plus500 posts record first-half revenue as US business scales
Plus500 reported record revenue for the first half and highlighted rapid growth in its US operations. Shares rose about 6%.
Frasers Group reported as frontrunner in Harvey Nichols sale
Mike Ashley's Frasers Group has emerged as the leading bidder for luxury department store chain Harvey Nichols, according to a press report.
Kalshi signs Nasdaq for trade surveillance
Prediction market operator Kalshi will use Nasdaq's market surveillance technology, a step toward exchange-standard monitoring of its event contracts.
JPMorgan lifts S&P 500 year-end target to 8,000
JPMorgan raised its year-end price target for the S&P 500 to 8,000 from 7,800, joining a broader move by strategists to mark up equity forecasts.
Soft payrolls print pushes Fed expectations lower as Hormuz standoff lifts oil and gold
A weaker-than-expected US payrolls report cut market-implied odds of further Fed tightening, while unresolved tensions around the Strait of Hormuz kept crude firm and gold near a seven-week high. Investors now turn to US CPI.
Analyst moves: Akamai, Chemours and Compass Minerals cut; Persimmon and James Hardie upgraded
A cluster of broker actions saw downgrades for Akamai, Chemours, Compass Minerals, Interparfums and Beazer Homes, while Persimmon and James Hardie were upgraded.
Bunq's U.S. banking licence application rejected by regulators
Dutch neobank Bunq said U.S. regulators rejected its application for a banking licence, a setback to its plan to expand into the American market.
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