Analyst news

• Nigeria's Buhari misses cabinet meeting for third time to rest

  03-05-2017 17:04 via yahoo.com
  
  By Felix OnuahABUJA (Reuters) - Nigerian President Muhammadu Buhari missed his third straight weekly cabinet meeting on Wednesday because he needed to rest, officials said, fuelling concerns about the state of his health.A Reuters reporter witnessed the start of the session and Buhari's failure to arrive for the meeting, which was chaired by Vice President Yemi Osinbajo.Information Minister Lai Mohammed said the president had been in the office on Tuesday.
  
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• This Newly Public Nuclear IPO Is Already Using AI to Speed Up Reactor Design. Is It a Buy?

  30-08-2026 23:03 via rocketnews.com
  
  X-Energy has emerged as a company positioned at the convergence of two significant market trends: artificial intelligence and nuclear energy. The company, which began trading publicly in April, joined Project Prometheus in July as a founding member alongside Idaho National Laboratory, Nvidia, and Amazon. The Department of Energy provided $60 million in funding for the initiative, with X-Energy committing $10 million and contributing proprietary reactor and nuclear fuel data.
  The primary objecti
  
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• Russia’s Largest Bank Wants Bitcoin and Ethereum as Collateral

  30-08-2026 23:03 via rocketnews.com
  
  Sberbank, Russia’s largest lender, announced plans to accept Bitcoin, Ether, and Tether as collateral for loans, according to comments from deputy chairman Anatoly Popov made on Friday. The bank intends to use these cryptocurrencies as security rather than as payment methods, a distinction that becomes relevant as Russia’s new digital currency regulations take effect on September 1.
  The regulatory framework governing cryptocurrency activity in Russia underwent significant developmen
  
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• Pinterest’s (PINS) CFO Exit Tests Whether The Growth Story Holds

  30-08-2026 23:03 via rocketnews.com
  
  Pinterest announced on August 28 that Chief Financial Officer Julia Donnelly will leave the company effective October 30 to join a private early-stage venture. Vice President of Finance and Business Operations Vikram Naidu will assume the interim principal financial officer role while the company conducts an external search for a permanent replacement. Donnelly’s tenure spanned roughly three years, during which CEO Bill Ready noted the company achieved 11 consecutive quarters of double-di
  
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• PayPal just lost its $53 billion safety net

  30-08-2026 23:03 via rocketnews.com
  
  A payment industry consortium comprising Stripe and private-equity firm Advent International withdrew its acquisition proposal for PayPal, eliminating a major source of support for the company’s stock valuation. The group had offered $60.50 per share, representing approximately $53 billion in total value. Following the withdrawal announcement, PayPal shares fell 12.7% to close at $53.66, with trading volume reaching roughly 36 million shares—more than double typical daily activity.
  
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• Miniso (MNSO) Booming Membership Growth Collides With A Struggling Global Expansion

  30-08-2026 23:03 via rocketnews.com
  
  Miniso Group Holding Limited reported interim earnings on August 28 that revealed divergent trends across its operations. The company’s China business achieved its fastest first-half revenue growth in three years at 26.2%, significantly outpacing the country’s broader retail sales growth of 1.3%. This performance suggested market share gains rather than overall market expansion. The growth was anchored by a membership program that reached 130 million people as of June 30, representi
  
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• Frontline (FRO) Just Delivered Its Best Quarter Yet, But Can It Last?

  30-08-2026 23:03 via rocketnews.com
  
  On August 28, Frontline reported its strongest quarterly results in company history, generating net income of $659 million and adjusted profit of $580 million for the second quarter of 2026. The performance reflected elevated tanker rates across the company’s entire fleet, spanning from its largest crude carriers to smaller product tankers. CEO Lars Barstad characterized the market environment as unprecedented, driven by geopolitical disruptions that are altering global oil transportation
  
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• Salesforce Just Jumped 23%. Did the “SaaSpocalypse” Trade Finally Break?

  30-08-2026 13:04 via rocketnews.com
  
  Salesforce experienced a significant stock price increase on August 27 following the release of quarterly earnings results. The company reported $11.3 billion in revenue for the quarter, representing 11% growth compared to the previous year. Current remaining performance obligations climbed 14% to $33.5 billion, while free cash flow surged 81% to $1.1 billion.
  The earnings results highlighted substantial expansion in Salesforce’s AI initiatives. Agentforce and Data 360 annual recurring re
  
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• Okta pops 20% after topping estimates as AI threat spikes demand for identity security

  30-08-2026 13:04 via rocketnews.com
  
  Okta delivered fiscal second-quarter results that topped analyst expectations, driving a 20% increase in share value during extended trading. Revenue climbed 11% from the prior-year period to reach levels above consensus forecasts, while net income expanded significantly with earnings per share substantially outpacing Wall Street estimates.
  The company attributed momentum to growing corporate demand for identity and access management solutions tied to emerging artificial intelligence threats. O
  
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• IREN Has $4B of Contracted ARR, but Only $1B Is Operating. How Much Will Reach GAAP Revenue?

  30-08-2026 13:04 via rocketnews.com
  
  IREN Limited disclosed substantial contracted capacity metrics while reporting more modest realized financial performance in its fiscal 2026 results. The company identified $4 billion in contracted annualized run-rate revenue for calendar 2026 capacity, yet only $1 billion had commenced operations as of August 26. The remaining capacity is expected to transition to active service as deployments are completed, commissioned, tested, and formally accepted by customers.
  The gap between contracted m
  
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• Haidilao shares jump as delivery growth and new restaurant brands boost outlook

  30-08-2026 13:04 via rocketnews.com
  
  Haidilao International’s stock rose on Wednesday after the company disclosed first-half financial results demonstrating strong growth in its delivery operations. Revenue for the period through June increased 7.9% year-over-year to 22.34 billion yuan, equivalent to $3.32 billion, while core operating profit climbed 4.4% to 2.51 billion yuan.
  The delivery segment emerged as the company’s fastest-growing division, with revenue surging 121.2% to 2.05 billion yuan. This expansion was pri
  
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• CrowdStrike jumps 11% on record second quarter as ‘Mythos moment’ drives AI cyber wave

  30-08-2026 13:04 via rocketnews.com
  
  CrowdStrike delivered results that exceeded Wall Street expectations during its fiscal second quarter, with the stock rising more than 11% in extended trading following the announcement. The cybersecurity firm reported quarterly revenue growth of 26% compared to the prior year, with CEO George Kurtz describing the period as the company’s strongest on record.
  The company’s annual recurring revenue increased 25% year over year to $5.84 billion, supported by record net new annual recur
  
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• Coinbase and Robinhood Rally as Bitcoin Marches Toward Its Best Week in Months

  30-08-2026 13:04 via rocketnews.com
  
  Cryptocurrency-related equities experienced substantial gains on August 21, as bitcoin extended its upward momentum and positioned itself for a weekly advance exceeding 20%. Robinhood Markets and Coinbase Global both gained in premarket trading, reflecting broader sector strength. The rally was anchored in a White House meeting held earlier in the week where Trump administration officials engaged with crypto industry executives and pledged to work with Congress on the Clarity Act, legislation d
  
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• Alibaba Shares Fell on a $10 Billion AI Raise. Insiders Saw a Buying Opportunity

  30-08-2026 13:04 via rocketnews.com
  
  Alibaba Group announced a HK$80 billion placement, equivalent to approximately $10.2 billion, consisting of 710 million newly issued shares priced at HK$112.70 each on August 24. The offering was designed to finance the company’s artificial intelligence expansion initiatives. The announcement triggered selling pressure as investors expressed concerns about shareholder dilution from the new issuance.
  Within a single day of the pricing, company leadership demonstrated confidence in the stra
  
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• Wall Street is building a futures market around Nvidia’s AI chips: Chart of the Day

  30-08-2026 13:03 via rocketnews.com
  
  CME Group announced plans to introduce futures contracts linked to the hourly rental pricing of Nvidia’s H100 and B200 graphics processing units, with a proposed launch date of Oct. 5 subject to regulatory approval. The contracts would be settled based on benchmarks maintained by Silicon Data, which tracks prevailing rental rates for these chips. At the time of reporting, Silicon Data’s H100 benchmark stood at approximately $2.68 per GPU-hour, while the B200 benchmark was around $5.
  
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• ETHB Emerges as a Favorite Among Ethereum ETFs

  30-08-2026 13:03 via rocketnews.com
  
  Cryptocurrency markets experienced a recovery in recent weeks, though gains remained insufficient to overcome earlier declines. The iShares Bitcoin Trust ETF (IBIT) declined 11.6% through the year while the iShares Ethereum Trust ETF (ETHA) fell 18.1%. Overall net inflows into US-listed spot crypto ETFs remained modest at $565 million for the year to date.
  BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) emerged as an unexpected standout in the Ethereum ETF category. Since its March l
  
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• Covenant Logistics Eyes Higher-Return Growth as Freight Markets Recover

  30-08-2026 13:03 via rocketnews.com
  
  Covenant Logistics Group is executing a strategic transformation away from competing primarily on volume and rate within the commoditized trucking market toward specialized services where it can differentiate and generate more consistent returns. The company currently operates approximately 2,200 tractors, more than 5 million square feet of warehouse space and employs nearly 5,000 people. Annual revenue stands at just over $1 billion, with roughly 65% derived from asset-based operations such as
  
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• Richardson Electronics Sees Fiscal 2027 Growth as Semiconductor, Energy Demand Rises

  29-08-2026 23:03 via rocketnews.com
  
  Richardson Electronics reported fiscal 2026 results reflecting improved operational performance across its business segments. Revenue reached approximately $228 million, up from $208 million in the prior year, while net income improved to $6.4 million compared with a loss recorded in fiscal 2025. The company’s fourth-quarter performance also showed strength, with revenue of $66 million and net income of $3.7 million versus $1.1 million in the prior-year quarter.
  Management outlined expect
  
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• A Harvard Economist Says the Debt Reckoning Is Coming and Names Who Pays for It

  29-08-2026 23:03 via rocketnews.com
  
  Kenneth Rogoff, a Harvard economics professor and former chief economist at the International Monetary Fund, discussed his concerns about U.S. fiscal sustainability during remarks on August 28, 2026. Rogoff stated his view that the country faces an impending debt crisis, potentially involving financial repression or inflation, driven by the current deficit running at 6% to 7% of GDP during peacetime. He noted that no political coalition appears willing to address the structural imbalance, meani
  
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• Jackson Hole History Shows Fed Chief Rarely Shocks Stock Market

  29-08-2026 13:05 via rocketnews.com
  
  Federal Reserve Chairman Kevin Warsh prepared to deliver his inaugural address at the Jackson Hole economic symposium, an event that traditionally generates limited stock market volatility despite widespread investor attention.
  Historical analysis of stock performance surrounding Jackson Hole speeches reveals subdued market reactions in most cases. Data compiled by Bloomberg indicated that the S&P 500 has advanced an average of 0.4% during the week following the gathering since 2000. Option
  
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• Dick’s Sporting Goods stock falls 30% as retailer misses expectations, cites ‘challenging’ footwear market

  29-08-2026 13:05 via rocketnews.com
  
  Dick’s Sporting Goods reported fiscal second quarter earnings that fell short of Wall Street expectations, prompting a significant sell-off in the company’s shares. The stock declined 30% in trading, marking its worst performance since 2023. The company attributed the miss partly to challenging conditions in the athletic footwear and apparel sector.
  The Dick’s banner itself showed strength, posting a 4.9% increase in comparable sales for the quarter with growth spread across m
  
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• OSI Systems (OSIS) Rides Record Profits Through A Middle East Storm

  28-08-2026 23:04 via rocketnews.com
  
  OSI Systems released fiscal fourth-quarter results on August 20 that presented divergent narratives between profit margins and revenue performance. The company reported full-year revenue of $1.79 billion below its own guidance, with fourth-quarter revenue declining 4% year over year to $484 million. However, non-GAAP earnings per share reached a record $3.78 for the quarter, representing 17% growth, and full-year non-GAAP EPS climbed 11% to $10.35.
  The revenue shortfall traced primarily to appr
  
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• Nvidia adds more than $400 billion in value after blowout earnings boost AI confidence

  28-08-2026 23:04 via rocketnews.com
  
  Nvidia shares climbed nearly 9% following the release of the company’s earnings results and forward guidance, driving approximately $440 billion in new market value. The stock’s performance marked a potential reversal of a pattern in which Nvidia’s shares had declined in the trading day immediately after earnings announcements across the four previous quarters, despite consistently meeting or surpassing expectations.
  Company leadership provided notable projections regarding fu
  
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• Investor competition for commercial real estate sees strongest growth in a year

  28-08-2026 23:04 via rocketnews.com
  
  Commercial real estate markets experienced a significant increase in investor activity and bidding competition, according to data released Tuesday from JLL. June marked the strongest monthly improvement in property bidding over a 12-month period, while July registered the second-highest count of unique bidders in the index’s five-year history. Competition among lenders also reached levels well above previous records.
  The resurgence in investor interest reflects a substantial rise in avail
  
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• FRIEND Soars Over 1,500% on Machi Big Brother’s $1M Friend.tech Buyout Offer

  28-08-2026 23:04 via rocketnews.com
  
  The native token of Web3 social network Friend.tech experienced a dramatic price increase, rising more than 1,500% following a buyout proposal. The offer, valued at $1 million, came from Machi Big Brother, the trading pseudonym of Jeffrey Huang, a high-profile trader known for leveraged positions in cryptocurrency markets.
  Friend.tech launched on the Base blockchain in 2023 and began token trading in May 2024, when FRIEND reached an all-time high of $3.26 on May 3, 2024. However, the platform f
  
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• Daqo (DQ) Cuts Its Losses While Betting On An AI Pivot

  28-08-2026 23:04 via rocketnews.com
  
  Daqo New Energy reported second-quarter results on August 20 that reflected diverging trends in its core business and strategic initiatives. Revenue reached $62.7 million, a significant increase from $26.7 million in the first quarter of 2026, following a resumption of normal sales activity in June. Accompanying the revenue growth were improvements across multiple loss metrics: gross loss narrowed to $82.7 million from $139.4 million, net loss declined to $81.2 million from $88.4 million, and E
  
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• Bank of England Handed New Legal Duty to Foster Stablecoin Innovation

  28-08-2026 23:04 via rocketnews.com
  
  The Treasury announced it would establish a new statutory “secondary objective” requiring the Bank of England to foster innovation in payments systems and digital money. The measure will be introduced as an amendment to the Financial Services and Markets Bill, scheduled for consideration by the House of Lords in September. Under the framework, the Bank’s primary responsibility for financial stability will remain unchanged, with the new objective positioned as subordinate to th
  
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• Enbridge Brings KKR and Apollo Into C$2.7 Billion Westcoast Pipeline Deal

  28-08-2026 23:03 via rocketnews.com
  
  Enbridge announced a C$2.7 billion financing arrangement with investment firms KKR and Apollo targeting two expansion projects on its Westcoast natural gas pipeline network in British Columbia. The transaction provides private infrastructure capital to one of Western Canada’s key gas transportation systems.
  Under the terms, KKR-led capital accounts and funds managed by Apollo will finance the Aspen Point and Sunrise expansion programs. Upon completion of the Sunrise project, the investors
  
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• CrowdStrike posts best day ever, Okta’s stock pops nearly 29% as rising AI threat lifts earnings

  28-08-2026 23:03 via rocketnews.com
  
  CrowdStrike and Okta delivered strong earnings results that exceeded Wall Street expectations, prompting significant stock appreciation and broader gains across the cybersecurity sector. CrowdStrike’s shares climbed 20%, marking the company’s best trading day on record, while Okta’s stock advanced nearly 29%. Both companies raised their financial forecasts, attributing the positive outlook to mounting threats posed by artificial intelligence systems.
  CrowdStrike Chief Executiv
  
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• What Is an IPO and How Does It Work?

  28-08-2026 16:05 via litefinance.org
  
  An IPO stands for Initial Public Offering. It is the moment a privately held company goes public and sells its shares on a stock exchange for the first time, opening them up to any investor.What does IPO stand for in business? Imagine your neighbor has built a thriving business. Until now, only close friends and private investors could buy a stake in it. Now the company is going public, and its shares trade freely on the secondary market, open to public investors.What is an IPO at its core? It i
  
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