Toronto Dominion Bank (NYSE:TD), Charles Schwab (NYSE:SCHW) – Canada’s TD Bank Group has set aside an additional $2.6 billion to cover penalties from U.S. regulatory investigations into deficiencies in its anti-money laundering (AML) program. To offset this cost, it will sell part of its stake in Charles Schwab, reducing its ownership from 12.3% to 10.1%. The bank has already set aside more than $3 billion in total, including a previous provision. TD Bank shares rose 0.3% in premarket trading, while Schwab shares fell 4.1%.
WeRide – WeRide has postponed its U.S. IPO as Chinese regulatory approval is about to expire. The autonomous vehicle company is still preparing the necessary documentation for U.S. regulators and may need to reassess its approval or request an extension.
Halliburton (NYSE:HAL) – Halliburton suffered a cyberattack that affected systems and networks, especially at its Houston campus. The company is investigating the issue and working with external experts to resolve it. Employees were advised to avoid connecting to internal networks. Shares rose 0.2% in premarket trading.
McDonald’s (NYSE:MCD) – McDonald’s Instagram account was hacked and used to promote a cryptocurrency scam called Grimace. The fraudulent post led users into a pump-and-dump scheme, promising gains but resulting in losses of up to $700,000. The company has since resolved the issue and apologized.
Apple (NASDAQ:AAPL) – Apple’s App Store head, Matt Fischer, is stepping down amid a restructuring aimed at responding to regulatory pressures. The division will be split into two teams: one focused on the App Store and another on the distribution of alternative apps. Apple is making these changes to adapt to new regulations and market concerns.
Alphabet (NASDAQ:GOOGL) – The UK’s antitrust regulator has closed its investigation into Google and Apple’s app stores ahead of new laws coming into effect. The Competition and Markets Authority plans to focus on app stores under the new regime, which will grant enhanced powers to fine and regulate large tech companies. Alphabet shares rose 0.2% in premarket trading.
Microsoft (NASDAQ:MSFT) – Microsoft has restructured its financial reporting, moving ad and AI revenue from the cloud division to the productivity unit, which includes Office. Nuance’s AI services are now under productivity, no longer in the cloud. The change aims to provide a clearer view of AI’s contributions to financial results. Expected revenue for intelligent cloud and personal computing was revised downward, while the forecast for productivity was raised, better reflecting AI’s financial contributions.
Paramount Global (NASDAQ:PARA) – Edgar Bronfman has increased his offer to acquire Paramount Global to $6 billion, surpassing his initial proposal of $4.3 billion. The new offer includes $3.2 billion to pay down debt or buy back Paramount shares, challenging Skydance’s proposal. Paramount extended the deadline to evaluate the offer until September 5th. Shares rose 3.3% in premarket trading.
Walt Disney (NYSE:DIS) – Walt Disney has appointed James Gorman, executive chairman of Morgan Stanley, to lead the succession committee in search of a replacement for CEO Bob Iger. The decision follows a battle with investor Nelson Peltz and repeated extensions of Iger’s term. The committee also includes Mary Barra, CEO of GM, and Calvin McDonald, CEO of Lululemon Athletica.
FuboTV (NYSE:FUBO) – FuboTV shares closed up 4.1% on Wednesday, continuing a rally after a judge blocked the launch of Venu Sports, a new sports streaming service. The ruling favored FuboTV, which argued that Venu, backed by Disney, Warner Bros., and Fox, would reduce competition. FuboTV has seen a 53% increase in its stock over the past week. Shares rose 0.5% in premarket trading.
Walmart (NYSE:WMT) – Walmart is expanding its operations in China, standing out with the success of Sam’s Club while other Western giants face challenges. After selling its stake in JD.com for $3.6 billion, Walmart is now focusing on its own e-commerce infrastructure and the continued growth of Sam’s Club.
JD.com (NASDAQ:JD) – According to JPMorgan, Walmart’s sale of its stake in JD.com is not expected to affect the company’s positive fundamentals. Despite an initial drop in shares, they have recovered, helping the Hang Seng Tech Index. JPMorgan sees a bright outlook for JD.com due to low valuations and expected growth. Shares rose 0.4% in premarket trading after closing down 4.2% on Wednesday.
American Express (NYSE:AXP) – American Express shares closed down 2.7% on Wednesday after BofA Securities downgraded its rating from “Buy” to “Neutral,” maintaining a price target of $263. BofA cited growth limitations, noting that the current stock valuation is high and that revenue growth may be modest.
Deutsche Bank (NYSE:DB) – Deutsche Bank has reached settlements with more than half of the plaintiffs who claimed underpayment in the acquisition of Postbank. The settlements cover 60% of the claims and will reduce the provision made for litigation by $479.49 million. This adjustment is expected to positively impact the bank’s third-quarter earnings. Shares rose 1.2% in premarket trading.
Citigroup (NYSE:C) – Citigroup added a new section on its restructuring in its quarterly report, responding to an SEC request for improved transparency. The addition addresses efforts to resolve data management issues and comply with regulatory orders. The bank also faces a $136 million fine for making “insufficient progress” and plans to cut 20,000 jobs over the next two years.
Blackstone (NYSE:BX) – Blackstone is in talks to buy the Hyatt Regency Clearwater Beach Resort and Spa from Westmont Hospitality Group for about $200 million. The transaction is not yet final and could change. Interest in hotels in Florida remains high following the travel sector’s recovery.
Icahn Enterprises (NASDAQ:IEP) – Borrowing fees for investors looking to short Icahn Enterprises shares have risen from 5% to over 25% after the company and Carl Icahn agreed to pay $2 million in fines over regulatory issues. The increase reflects growing pressure on the company following Hindenburg Research’s critical report.
B. Riley Financial (NASDAQ:RILY) – B. Riley Financial shares closed up 45.7% on Wednesday after Bloomberg revealed exclusive talks to sell a majority stake in the Great American Group unit to Oaktree Capital. The deal could bring in $380 million and increase Oaktree’s stake to up to 55%. Shares fell 8.9% in premarket trading.
Bitfarms (NASDAQ:BITF), Stronghold Digital Mining (NASDAQ:SDIG) – Bitfarms has agreed to acquire Stronghold Digital Mining for about $125 million in stock and assumed debt. The transaction offers a 70% premium over Stronghold’s average price. The purchase aims to expand Bitfarms’ mining capacity and explore new energy sources, while Bitfarms faces a hostile takeover attempt by Riot Platforms. Bitfarms shares fell 1.7% in premarket trading. Stronghold shares fell 5.4% in premarket trading after rising 82.3% on Wednesday.
Uber Technologies (NYSE:UBER) – Fitch Ratings has granted Uber a BBB credit rating, two levels above speculative grade. The decision reflects the company’s strong position in ride-sharing and food delivery, its expansion into new services, and a conservative financial policy. The rating could lower Uber’s borrowing costs and attract more investors. Shares fell 0.2% in premarket trading.
Ford Motor (NYSE:F) – Ford said it canceled the production of a three-row electric SUV and delayed the new electric version of the F-150 truck, focusing on cost-cutting. The automaker will invest more in hybrids and reduce the share dedicated to pure electric vehicles. Battery production will be reallocated to cut costs and qualify for tax incentives. Shares rose 0.6% in premarket trading.
Stellantis (NYSE:STLA) – Stellantis CEO Carlos Tavares began a three-day visit to Detroit to address issues in the automaker’s North American operations. He aims to develop a new strategy to improve performance in the region and reassure employees and investors. Tavares, who has previously expressed dissatisfaction with the company’s results, will focus on reducing inventories and adjusting production to tackle financial and operational challenges. Shares fell 0.1% in premarket trading.
Tesla (NASDAQ:TSLA) – The U.S. National Transportation Safety Board has opened an investigation into an accident last Monday involving a Tesla electric truck in California, which resulted in a fire and closed the highway for several hours. In addition, Tesla issued a recall for 9,100 Model X 2016 SUVs in the U.S. due to an issue with the roof trim that could detach, increasing the risk of accidents. The automaker will fix the problem at no cost to owners and has updated the process since 2016. Shares fell 0.3% in premarket trading.
VinFast (NASDAQ:VFS) – VinFast has delayed the opening of its dealerships in Thailand due to a slowdown in auto sales in the country. The company will revise the sales schedule for its electric vehicles in Thailand and focus on adjusting its infrastructure to global standards.
Canadian National Railway (NYSE:CNI), Canadian Pacific Kansas City (NYSE:CP) – Canadian National Railway and Canadian Pacific Kansas City halted their rail operations in Canada, leaving about 10,000 workers unemployed after failed negotiations with a major union. The shutdown could severely impact the Canadian economy and trade with the U.S., disrupting the transportation of grain, coal, and petroleum products. Canadian Pacific Kansas City shares are down 1.1% in premarket trading.
Grifols SA (NASDAQ:GRFS) – In the second quarter of this year, Grifols reduced its net financial debt to €9.4 billion ($10.46 billion), a decrease of €1.5 billion from the previous quarter. The company has been dedicated to reducing its debt since facing significant challenges during the Covid-19 pandemic, which negatively impacted its business due to a shortage of blood plasma. Shares rose 3.3% in premarket trading after rising 6.7% on Wednesday.
Snowflake (NYSE:SNOW) – The cloud data warehouse company beat revenue estimates, reaching $868 million, compared to the $852 million forecast. However, it reported a loss of $317 million (95 cents per share), up from $227 million (69 cents) a year ago. Adjusted earnings were 18 cents per share, beating the expected 16 cents. Snowflake failed to reassure investors with its sales forecasts. The company estimated revenue of $850-855 million, below some analysts’ expectations. Despite growth in revenue and new products, the company faces challenges such as security breaches and increasing competition in the AI sector. In an interview with CNBC, Snowflake CEO Sridhar Ramaswamy said the recent cyberattack did not harm the company’s business. Shares fell 8.3% in premarket trading after rising 2.4% on Wednesday.
Zoom Video Communications (NASDAQ:ZM) – The video conferencing and digital communication company reported adjusted earnings of $1.39 per share, beating the estimate of $1.21. Revenue grew 2% to $1.162 billion, above the forecast of $1.149 billion. Enterprise revenue increased 3.5% to $683 million, surpassing the $675 million expectation. Sales growth slowed for the tenth consecutive quarter. Shares rose 3.3% in premarket trading after rising 1.9% on Wednesday.
Wolfspeed (NYSE:WOLF) – Semiconductor company Wolfspeed reported a loss of 89 cents per share, below the 84-cent estimate. Quarterly revenue was $200.7 million, slightly below the forecast of $201.31 million. For the first quarter of 2025, Wolfspeed projects revenue between $185 million and $215 million, compared to a consensus of $211.7 million. Shares rose 6.9% in premarket trading after rising 2.6% on Wednesday.
Synopsys (NASDAQ:SNPS) – Chip design tool company Synopsys reported adjusted earnings of $3.43 per share and revenue of $1.53 billion, beating expectations of $3.28 and $1.52 billion. Earnings grew 27%, and revenue increased 13% year-over-year. For the current quarter, the projection is $3.30 per share and $1.63 billion in sales, above estimates of $3.25 and $1.62 billion.
Agilent Technologies (NYSE:A) – The scientific measurement equipment company reported earnings per share of $1.32, beating the estimate of $1.26. Quarterly revenue was $1.58 billion, surpassing the forecast of $1.557 billion, despite a 5.4% year-over-year decline. For fiscal 2024, the company projects revenue of $6.45 to $6.5 billion and adjusted earnings per share of $5.21 to $5.25.
Urban Outfitters (NASDAQ:URBN) – The fashion and lifestyle retailer reported earnings per share of $1.24, beating the estimate of $1.00. Revenue increased 6% to $1.35 billion, slightly above the forecast of $1.34 billion. Urban Outfitters reported that comparable sales for its main brand fell more than 9% year-over-year. In contrast, comparable sales for Free People and Anthropologie grew about 7%. Shares fell 8.4% in premarket trading after rising 3.1% on Wednesday.
Nordson Corporation (NASDAQ:NDSN) – The industrial dispensing equipment company reported third-quarter net income of $117.3 million, with adjusted earnings per share of $2.41, beating the estimate of $2.33. Revenue was $661.6 million, surpassing the forecast of $655.2 million. For the year, Nordson projects earnings per share between $9.45 and $9.65 and revenue between $2.67 billion and $2.71 billion.
Lufax Holding Ltd. (NYSE:LU) – The financial services platform reported second-quarter revenue fell to $822 million, a 36% drop year-over-year. The net loss decreased year-over-year to $100 million. Shares fell 9.9% in premarket trading after rising 2.6% on Wednesday.
MDxHealth (NASDAQ:MDXH) – The molecular diagnostics company for cancer reported a loss of 42 cents per share, worse than the 26-cent loss estimate. Revenue was $22.16 million, beating analysts’ forecast of $20.22 million.
Corporación América Airports (NYSE:CAAP) – The global airport operator reported revenues of $366.1 million, with a slight year-over-year increase of 0.2%. Operating income was $92.9 million, down from $110.4 million a year ago. Adjusted EBITDA fell 8.8% to $136.2 million. Passenger traffic fell 7.8%, while cargo volume increased 4.7%. Net debt to EBITDA improved to 1.1x.