Under Armour shares fell as much as 21% to $5.25 in early trading on Friday after the sportswear maker warned that sales would deteriorate further this quarter and that tariff-related costs for the fiscal year would be $100 million higher than expected. The company forecast a revenue drop of between…
Low exploration results and a tougher regulatory framework have quickly undermined hopes that Colombia’s Caribbean coast could be an energy hub for the region: now foreign oil and gas firms are scaling back plans or just pulling out altogether. Colombia is already seeing the impacts of this shift on its…
Broadcom Inc (NASDAQ: AVGO) is in focus this morning following a 13F securities filing that confirmed billionaire David Tepper has been loading up on AVGO shares as means of AI exposure.Tepper’s conviction in Broadcom stock is significant given he’s actually been trimming his stakes in three of the most prominent…
SoundHound AI Inc (NASDAQ: SOUN) reported blockbuster financial results for its fiscal second quarter, sending shares up more than 30% on Friday morning.The artificial intelligence firm saw its revenue more than triple to roughly $43 million – crushing analysts’ forecast, and recorded a narrower-than-expected adjusted per-share loss as well, signaling…
The Trump administration is preparing to launch initial public offerings for mortgage finance giants Fannie Mae and Freddie Mac later this year, in a move that could mark one of the largest stock offerings in US history, the Wall Street Journal reported on Friday.People familiar with the discussions told the…
Gilead Sciences’ stock surged more than 8% on Friday, as its latest earnings drew the consensus from Wall Street that the company’s HIV franchise is not only holding firm but expanding, with its new prevention drug Yeztugo poised to be a catalyst for future growth. Analysts from leading firms upgraded…
US President Donald Trump and Russian President Vladimir Putin are set to meet in Alaska on August 15, for talks aimed at ending the war in Ukraine. It’ll be their first sit-down since Trump’s second term began, and Putin’s first trip to the US in about ten years. Alaska makes…
Snap stock price suffered a major reversal this week, erasing the gains made in the past few months. It plunged to a low of $7.5, down by over 27% from its highest point in July. It has dropped to the lowest level since April this year and by 57% from…
Lojas Renner (LREN3), one of Brazil’s leading apparel shops, saw its shares fall dramatically on Friday, ending a five-session winning streak worth 9.40%.The stock was down 6.54% to R$16.86 at 11:20 a.m. (Brasília time), As investors booked profits following the release of the company’s second-quarter 2025 results.According to local media…
SoundHound AI Inc (NASDAQ: SOUN) reported blockbuster financial results for its fiscal second quarter, sending shares up more than 30% on Friday morning.The artificial intelligence firm saw its revenue more than triple to roughly $43 million – crushing analysts’ forecast, and recorded a narrower-than-expected adjusted per-share loss as well, signaling…