Financial
Tech Selloff Drags Futures Lower Amid Rising Yields and Middle East Tensions
NEW YORK — U.S. stock index futures traded in mixed territory on Wednesday as a sharp decline in technology shares weighed on major benchmarks, compounded by rising Treasury yields and escalating geop...
MongoDB Shares Drop Despite Beating Second-Quarter Earnings Expectations
NEW YORK — Shares of MongoDB, Inc. declined on Wednesday following the release of fiscal second-quarter earnings that surpassed Wall Street expectations, as investors reacted cautiously to the company...
Motley Fool Analyst Urges Investors to Hold Diversified Portfolios Amid Bear Market Fears
NEW YORK — Ben Gran of The Motley Fool advised long-term investors on Tuesday to maintain their current holdings and avoid panic selling as market valuations reach elevated levels. In an article publi...
Google Signs Major Geothermal Deal With Fervo Energy, Boosting Stock
SAN FRANCISCO — Fervo Energy Inc. announced Tuesday that it has secured a 396-megawatt power purchase agreement with Google LLC, a move that immediately propelled the geothermal developer's stock pric...
Credo Technology Shares Tumble in Extended Trading Despite Beating Earnings Estimates
SAN JOSE, Calif. — Credo Technology Group Inc. shares fell sharply in extended trading on Monday evening after the high-speed connectivity chipmaker reported first-quarter results that surpassed Wall ...
Lumentum Stock Consolidates After Surge as AI Sector Cools
SAN JOSE, Calif. — Lumentum Holdings Inc. shares have entered a 15-week period of consolidation following a dramatic 148% rally, with market analysts identifying the company's all-time high of $1,085....
First Pacific Advisors Reports Q2 2026 Performance, Highlights Arrow Electronics Stake
NEW YORK (AP) — First Pacific Advisors released its second-quarter 2026 investor letter on Tuesday, detailing the performance of its FPA Queens Road Small Cap Value Fund and confirming a continued str...
First Pacific Advisors Maintains Graphic Packaging Stake Amid Fundamental Concerns
NEW YORK (AP) — First Pacific Advisors disclosed in its second-quarter 2026 investor letter that it retained a position in Graphic Packaging Holding Company despite citing weak fundamentals and ongoin...
First Pacific Advisors retains Graphic Packaging stake despite fundamental concerns
NEW YORK — First Pacific Advisors disclosed on Tuesday that it maintained its position in Graphic Packaging Holding Co. within the FPA Queens Road Small Cap Value Fund for the second quarter of 2026, ...
First Pacific Advisors Highlights TD SYNNEX in Second-Quarter Letter Amid Data Center Growth
NEW YORK — First Pacific Advisors disclosed on Monday that TD SYNNEX Inc. remains a top holding in its FPA Queens Road Small Cap Value Fund, citing the technology distributor's robust earnings and exp...
First Pacific Advisors Highlights Butterfield Holdings in Second-Quarter Fund Letter
NEW YORK — First Pacific Advisors disclosed on Sept. 1, 2026, that The Bank of N.T. Butterfield & Son Ltd. remains a key holding within its FPA Queens Road Small Cap Value Fund, as detailed in the fir...
Analysis Suggests Nvidia Can Maintain AI Dominance Without Regaining China Market Share
SAN FRANCISCO — A new financial analysis indicates that Nvidia Corp. does not need to regain its former position in the Chinese market to sustain its dominance in artificial intelligence processors th...
Tanzania Mining Sector Attracts $3.3 Billion Under Stricter Local Ownership Rules
DAR ES SALAAM, Sept. 1 (AP) — Tanzania has successfully drawn approximately $3.3 billion in private investment over the past four years following a strategic overhaul of its mining sector that mandate...
First Pacific Advisors Releases Second-Quarter 2026 Investor Letter for Small Cap Value Fund
NEW YORK — First Pacific Advisors released its second-quarter 2026 investor letter for the FPA Queens Road Small Cap Value Fund on Monday, providing shareholders with an update on portfolio strategy a...
Morgan Stanley upgrades Robinhood to Overweight on prediction market surge
NEW YORK — Morgan Stanley upgraded its rating on Robinhood Markets Inc. to Overweight and raised its price target to $150 per share, citing a significant expansion in the prediction market sector as a...
Martin Marietta Completes Lhoist Acquisition, Posts Record Second-Quarter Results
CHARLOTTESVILLE, Va. (AP) — Martin Marietta Materials Inc. announced on Monday the successful completion of its combination with Lhoist North America, simultaneously reporting record revenue and shipm...
U.S. Construction Spending Plunges to Three-Year Low Amid Housing Glut
WASHINGTON — U.S. construction spending fell unexpectedly in July, dropping to its lowest level in nearly three years as higher mortgage rates and a surplus of unsold single-family homes stifled the h...
Dimensional Fund Advisors' Booth Warns Against AI Stock Picking Amid Market Hype
NEW YORK — David Booth, a senior portfolio manager at Dimensional Fund Advisors, issued a stark warning to investors on Monday, stating that artificial intelligence is not required to identify future ...
Rising Treasury Yields Trigger Sharp Decline in High-Multiple Software Stocks
SAN FRANCISCO — Major technology stocks specializing in software and cybersecurity tumbled on Monday as surging Treasury yields compressed valuations across the sector, overshadowing positive company-...
Microsoft Posts Record $331 Billion Revenue as Azure Surpasses $100 Billion Milestone
REDMOND, Wash. (AP) — Microsoft Corp. reported record fiscal year revenue exceeding $331 billion on Monday, driven by a surge in cloud computing and artificial intelligence services, even as its stock...
U.S. Bancorp CEO Sells $1.7 Million in Shares in Routine Transaction
MINNEAPOLIS — Gunjan Kedia, President and Chief Executive Officer of U.S. Bancorp, sold 27,267 shares of the bank's common stock on Sept. 1, 2026, generating approximately $1.7 million in proceeds. Th...
SentinelOne Valuation Scrutinized Against Rivals Amid AI Security Expansion
NEW YORK — Investment analysis released Monday highlights a divergence in market valuation between SentinelOne Inc. and its established cybersecurity peers as the sector accelerates toward artificial ...
ADM to Invest $100 Million in Expanding U.S. Oilseed Crushing Capacity
CHICAGO — Archer-Daniels-Midland Co. announced plans Monday to invest approximately $100 million to expand capacity at four oilseed-crushing plants across the United States, a strategic move designed ...
ARK Invest Rotates Capital from Roblox to Nuclear Supplier BWX Technologies Amid Data Center Push
NEW YORK — ARK Invest executed a significant portfolio shift on Monday, selling $6.5 million in shares of gaming platform Roblox Corporation while simultaneously acquiring $7.6 million in stock of nuc...
Rezolve AI Reports Surge to $130.8 Million in First-Half 2026 Revenue
SAN FRANCISCO — Rezolve AI announced on Monday that it generated $130.8 million in revenue during the first half of 2026, marking a dramatic increase from the $6.3 million reported for the same period...
Regis Reports Stronger Adjusted EBITDA and Cash Flow for Fiscal 2026
NEW YORK, Sept. 1 (AP) — Regis Corp. announced on Monday that it posted higher adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) alongside improved unrestricted operatin...
Micron Workers in Taiwan Threaten Strike Over Dispute on Record AI Profits
TAIPEI — Employees at Micron Technology Inc.'s largest production facility in Taiwan have threatened to launch a strike, escalating a labor dispute centered on demands for a substantial one-time bonus...
Drone Sector Shares Slide as Rising Yields and Geopolitical Tensions Compress Valuations
Shares of major drone manufacturers and defense contractors tumbled on Monday as a broad withdrawal of market risk appetite, driven by macroeconomic headwinds, overshadowed company-specific fundamenta...
Medtronic Beats Q1 Estimates, Raises Full-Year Outlook on Broad Demand
DUBLIN — Medtronic plc reported strong first-quarter fiscal 2027 financial results on Monday, posting revenue growth and raising its full-year outlook as the medical technology giant cited broad-based...
AI Infrastructure Stocks Slide as Rising Yields Hike Financing Costs for Data Center Buildouts
Shares of major artificial intelligence infrastructure providers tumbled Monday as surging long-term Treasury yields drove up borrowing costs, threatening the financial viability of debt-funded data c...