Author: Fernanda T
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Intuitive Machines Soars 18% on NASA Contract, Intel Considers Splitting Operations, Dell Reassesses Selling SecureWorks
Intuitive Machines (NASDAQ:LUNR) – NASA awarded Intuitive Machines a $116.9 million contract to deliver six payloads to the lunar south pole. This marks the company’s fourth contract under NASA’s Commercial Lunar Payload Services initiative, with the second lunar mission in final assembly stages. Shares are up 18.3% pre-market, after closing up 3.2% on Thursday. Intel…
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Bitcoin Holds $60K Support, Ether ETFs See Inflows, IREN Reports Record Mining Revenue
Bitcoin tests $60,000 support amid U.S. rate cut expectations On August 29, 2024, Bitcoin (COIN:BTCUSD) attempted to recover and maintain the $60,000 level after favorable U.S. macroeconomic data. Jobless claims and GDP were in line with expectations, fueling optimism for a potential 0.25% rate cut by the Federal Reserve in September. Analysts remain optimistic, predicting…
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U.S. Futures Rise; Oil Prices Dip Amid Libyan Supply Concerns and Inventory Drop
U.S. index futures rose in pre-market trading on Thursday as investors reacted to Nvidia’s earnings. Although the AI chip giant exceeded expectations in sales and profits, the market reaction was negative, reflecting disappointment with the growth magnitude, illustrating the pressure on high-tech companies to consistently surpass high expectations. Investors are also awaiting reports from major…
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Nvidia, HP, Okta, Pure Storage Drop Post-Earnings; Salesforce, Nutanix, Affirm Surge
Nvidia (NASDAQ:NVDA) – The leader in GPUs and artificial intelligence reported adjusted earnings per share of 68 cents, beating LSEG’s forecast of 64 cents. Revenue reached $30.04 billion, above the expected $28.7 billion. The company projects revenue of approximately $32.5 billion in the current quarter, exceeding StreetAccount’s estimate of $31.77 billion. Nvidia CEO Jensen Huang…
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Big Lots Falls 27%, Considers Bankruptcy; DraftKings Acquires Simplebet, Berkshire Hits $1 Trillion
Big Lots (NYSE:BIG) – Big Lots is considering filing for bankruptcy protection soon, according to Bloomberg. The company is seeking investors to avoid Chapter 11, with its stock falling 27% last week and nearly 88% this year. Big Lots is facing financial difficulties due to declining sales and high interest rates. The stock fell 26.9%…
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Crypto.com and PayPal Partner Up, OpenSea Receives Wells Notice, Bitcoin ETFs Record Largest Monthly Outflow
Crypto.com and PayPal partner to facilitate crypto purchases Crypto.com and PayPal (NASDAQ:PYPL) have joined forces to allow U.S. users to fund cryptocurrency purchases through PayPal. With the new integration, it is possible to link wallets and easily transfer digital assets. PayPal can also be used to reload Crypto.com Visa cards. The collaboration comes as PayPal…
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U.S. Futures Edge Up as Nvidia Earnings Loom, Oil Prices Slide
U.S. index futures indicate a slight pre-market rise on Wednesday as investors focus on Nvidia’s upcoming quarterly earnings announcement, expected to have a significant market impact. Retail and tech stocks, including Nordstrom (NYSE:JWN), PVH Corp. (NYSE:PVH), and Ambarella (NASDAQ:AMBA), show notable pre-market movements as the market braces for potential surprises in the AI and semiconductor…
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High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs
Nvidia (NASDAQ:NVDA) – Options traders in the US expect Nvidia’s upcoming earnings report to cause a stock swing of around 9.8%, representing a market impact of over $300 billion, according to Reuters. Shares rose 0.1% in pre-market trading. Ambarella (NASDAQ:AMBA) – Ambarella announced Q2 2025 earnings that exceeded forecasts. Earnings per share were -$0.13, better…
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Crypto Millionaires Surge 95%, IBIT Hits 35-Day Inflow High, MakerDAO Rebrands as Sky
Number of crypto millionaires increases by 95% in one year According to the New World Wealth and Henley & Partners report, the population of crypto millionaires grew by 95% last year, with Bitcoin holders more than doubling to 85,400. Currently, there are 110,000 Bitcoin addresses with balances exceeding $1 million. The increase is driven by…
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U.S. Index Futures Edge Higher, Oil Prices Dip
U.S. index futures edged higher in premarket trading on Tuesday, recovering from pressure on tech stocks that impacted the S&P 500 and Nasdaq Composite the previous day. The Dow Jones, after closing at a new record high on Monday, continues to attract attention. Investors eagerly await Nvidia’s earnings this week, which are crucial for the…