Category: Include on Menu
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Faraday Future posts record Q2 revenue as debt falls by more than $100 million
Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) reported record revenue for the second quarter of 2026 while reducing total debt by more than $100 million year-on-year, according to a weekly investor update from founder and Global CEO YT Jia. The electric vehicle and robotics company also highlighted improving performance from its robotics operations, which generated an…
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SentinelOne shares retreat after Deutsche Bank cuts rating to Hold
SentinelOne (NYSE:S) shares fell 2.9% in pre-market trading after Deutsche Bank downgraded the cybersecurity company from Buy to Hold, concluding that the stock’s recent rally had left less room for additional near-term gains. The bank nevertheless increased its price target substantially, lifting it to $24 from $17. The combination of a higher target and lower…
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OmniAb lifts 2026 cash outlook following licensing momentum
OmniAb, Inc. (NASDAQ:OABI) has increased its financial guidance for 2026 after recent technology licensing and business development activity strengthened its expected year-end cash position. The Emeryville, California-based antibody discovery technology company now expects to finish 2026 with cash and cash equivalents of between $49 million and $53 million. That represents a substantial increase from its…
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Five key market events investors are watching this week
Financial markets are entering the new trading week amid signs of a traditional summer slowdown, with analysts pointing to the VIX volatility index falling to its lowest level of the year. Despite quieter trading conditions, investors still face a busy calendar of corporate results, economic releases and central-bank developments. Major U.S. retailers are due to…
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Reddit leads major social media platforms in revenue growth per user
Reddit (NYSE:RDDT) delivered the strongest year-on-year growth in average revenue per user among major social media platforms during the second quarter of 2026, according to analysis published by Bank of America on Monday. In the U.S., Reddit’s ARPU increased 50% from a year earlier to $11.30, putting the platform ahead of its peers in terms…
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Snap shares tumble as court ruling and insider selling deepen investor concerns
Snap (NYSE:SNAP) shares dropped 12.4% in pre-market trading as investors reacted to a significant court ruling involving social media liability, a large insider share sale and continued caution among Wall Street analysts despite the company’s better-than-expected second-quarter results. The stock fell to $4.74 ahead of the opening bell, compared with its previous close of $5.41,…
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Rothschild upgrades Apple to Buy as foldable iPhone and AI strategy drive optimism
Rothschild & Co Redburn has upgraded Apple (NASDAQ:AAPL) from Neutral to Buy and lifted its price target sharply to $400 from $260, citing the company’s expected entry into foldable smartphones alongside the potential evolution of its artificial intelligence strategy. Analysts led by Timm Schulze-Melander said Apple’s AI offering, Apple Intelligence, has so far fallen short…
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Anthropic IPO valuation looks to $190-200 billion revenue target for 2028
Anthropic (NASDAQ:ANTP) could be heading towards one of the largest initial public offerings on record, but determining an appropriate valuation is requiring Wall Street to look considerably further ahead than usual. Bankers and investors are reportedly basing their calculations partly on how much revenue the artificial intelligence company could generate two years from now. Anthropic…
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S&P 500 nears record as weak retail data and Iran tensions shape critical week
The S&P 500 enters a pivotal week for earnings and economic data within touching distance of a record close, after finishing Friday, August 14, just 13 points below its all-time closing high of 7,798.99. The benchmark slipped 0.17% to 7,785.76 in the previous session, with Applied Materials (NASDAQ:AMAT) contributing to the decline after its shares…
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Gold rises towards $4,400 as weaker dollar supports prices despite Middle East inflation concerns
Gold prices moved higher on Monday, remaining close to $4,400 an ounce as weakness in the U.S. dollar and softer economic indicators provided support, while uncertainty over Middle East energy supplies continued to pose an inflation risk. At 01:04 ET (05:04 GMT), XAU/USD gained 0.5% to $4,399.44 an ounce, while Gold Futures advanced 0.4% to…