Category: Latest News
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SurgePays soars in pre-market trading on return to profitability
Nanocap financial and wireless technology provider SurgePays (NASDAQ:SURG) delivered strong Q2 2026 results, pivoting back into profitability alongside its sixth straight quarter of top-line gains. Key financial highlights The company’s Q2 financial statement highlights solid top-line performance paired with tighter overhead control: Recent strategic developments Building on its Q2 earnings momentum, SurgePays has executed two…
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Stock Futures Flat After Unexpected July Retail Sales Decline: Dow Jones, S&P and Nasdaq Futures
US stock futures are flat Friday despite an unexpected 0.6% drop in July retail sales, following record highs for the S&P 500. Dow Jones, S&P 500 and Nasdaq index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction in early trading following the upward…
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U.S. Retail Sales Unexpectedly Drop 0.6% in July, Missing Forecasts
A report released by the Commerce Department on Friday showed an unexpected decline in retail sales in the U.S. in the month of July. The Commerce Department said retail sales fell by 0.6 percent in July after rising by 0.2 percent in June. Economists had expected retail sales to inch up by 0.1 percent. The…
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Jefferies Sees Softer US QSR Traffic in July as Chicken and Pizza Weaken
U.S. quick-service restaurant traffic lost some momentum in July, according to Placer data analysed by Jefferies, as weaker trends across chicken and pizza restaurants partially reversed the improvement recorded in June. Restaurant traffic loses momentum in July Jefferies Restaurants analyst Andy Barish said industry same-store sales increased 1.7% in July, around 10 basis points below…
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Arrive AI Targets Healthcare Logistics Opportunity as Autonomous Delivery Moves Closer to the Pharmacy
Arrive AI (NASDAQ:ARAI) is positioning healthcare and pharmaceutical delivery as a potentially important early market for its autonomous delivery technology, with a proposed collaboration with Lifespan Pharmacy offering an opportunity to demonstrate how its platform could transform the way medications reach patients. As healthcare becomes increasingly digital and patient expectations continue to evolve, convenience, reliability…
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Alphabet’s Early SpaceX Investment Grows More Than 100-Fold to $94 Billion
Alphabet (NASDAQ:GOOG) has generated an extraordinary paper return from its early investment in SpaceX (NASDAQ:SPCX), with its disclosed holding valued at approximately $94 billion at the end of June, more than 100 times the $900 million the Google parent invested in Elon Musk’s space company in 2015. Following SpaceX’s $86 billion initial public offering in…
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BofA’s Hartnett Says Policy Backstop Belief Is Keeping Fear Out of Wall Street
Wall Street’s continued appetite for risk reflects a widespread belief that policymakers will step in to protect markets when necessary, helping stocks climb even as government debt expands and bond yields remain elevated, according to Bank of America strategist Michael Hartnett. Hartnett and his team said the defining asset-allocation themes of the 2020s remain “Anything…
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U.S. Stocks Fall Despite Historic Earnings Beats, Barclays Says
U.S. companies delivered an exceptionally strong second-quarter 2026 earnings season, but share-price reactions remained surprisingly weak as elevated expectations and crowded positioning made it increasingly difficult for companies to impress investors, according to Barclays. The investment bank said 85% of companies reported earnings above expectations during the quarter, compared with a long-term average of 76%.…
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Bloom Energy Shares Rise as Nebius AI Data Centre Partnership Boosts Power Demand Outlook
Bloom Energy (NYSE:BE) shares gained 1.6% in pre-market trading to $240 as investors continued to respond positively to a major artificial intelligence data centre partnership announced this week. The catalyst emerged on August 13, when Nvidia-backed AI cloud operator Nebius Group revealed during its second-quarter 2026 earnings call that it had selected Bloom Energy’s fuel-cell…
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SanDisk Shares Rise After Investor Day as JPMorgan Upgrades Stock
SanDisk (NASDAQ:SNDK) shares gained 3.8% in pre-market trading, extending the rally triggered by the company’s 2026 Investor Day on Thursday after JPMorgan upgraded the stock to Overweight from rating suspended. JPMorgan set a new price target of $2,250, implying approximately 47% upside from the previous closing price. The upgrade followed a presentation in which management…