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Intel CEO Lip-Bu Tan Has Been At Odds With Some On Technology Giant's Board Over Company's Strategy In His First Few Months As CEO - WSJ
Aug 7 (Reuters) - INTEL CEO LIP-BU TAN HAS BEEN AT ODDS WITH SOME ON THE TECHNOLOGY GIANT’S BOARD OVER THE COMPANY’S STRATEGY IN HIS FIRST FEW MONTHS AS CEO - WSJTAN AND SOME INTEL DIRECTORS HAVE DISAGREED QUESTIONS AS CENTRAL AS WHETHER CO SHOULD STAY IN MANUFACTURING BUSINESS OR EXIT IT ENTIRELY ...Reuters
Thu, Aug 7
Stocks
Erie Indemnity ERIE Q2 EPS Falls Short
Key PointsEarnings per share (GAAP) missed expectations at $3.34, coming in below the $3.48 GAAP estimate.Management fee revenue from policy issuance and renewal services rose 8.3% year over year.Expense growth, particularly in technology and personnel, accelerated during the period.These 10 stocks ...The Motley Fool
Thu, Aug 7
Stocks
Synaptics (SYNA) Q4 IoT Sales Up 55%
Key PointsCore Internet of Things (IoT) sales rose 55% year over year in the fourth quarter of fiscal 2025Non-GAAP diluted earnings per share rose to $1.01 in the fourth quarter, modestly exceeding expectations. Non-GAAP diluted earnings per share increased to $1.01, up 57.8% from the prior year per...The Motley Fool
Thu, Aug 7
Forex
USD/CAD weakens to below 1.3750, Canadian jobs report in focus
The USD/CAD pair trades in negative territory around 1.3735 during the early Asian session on Friday. The Greenback edges lower against the Canadian Dollar (CAD) as traders boost bets that the US Federal Reserve (Fed) will cut rates in September after weak US Nonfarm Payrolls (NFP) data.
Fxstreet
Thu, Aug 7
Stocks
GigaCloud (GCT) Q2 Revenue Jumps 3.8%
Key PointsRevenue (GAAP) reached a record $322.6 million, exceeding GAAP estimates by $32.5 million and growing 3.8% year-over-year.Gross margin (GAAP) compressed to 23.9%, down from 24.6% in Q2 2024.These 10 stocks could mint the next wave of millionaires › GigaCloud Technology (NASDAQ:GCT), a glob...The Motley Fool
Thu, Aug 7
Other
Trump signs memo requiring universities to disclose admissions data on race
By Brad Brooks Aug 7 (Reuters) - U.S. President Donald Trump on Thursday signed a memorandum that requires universities to collect admissions data to prove they are not engaged in efforts to shape their student bodies along racial lines, according to the White House. But the largest higher educat...Reuters
Thu, Aug 7
Stocks
Jamf (JAMF) Q2 Revenue Jumps 15%
Key PointsJamf posted $176.5 million in GAAP revenue, surpassing analyst estimates by $7.7 million (GAAP).Non-GAAP operating income rose 42.6% to $33.5 million, with record Security ARR up 40% year-over-year to $203 million.Net loss (GAAP) widened to $20.9 million despite improved operating results ...The Motley Fool
Thu, Aug 7
Cryptocurrencies
JUST IN – Trump Executive Order To Expand 401(k) Investment Options, Including Crypto
US President Donald Trump is preparing to sign an executive order this Thursday that could shake up how Americans invest for retirement. The move would allow 401(k) plans to include a wider range of assets — like private equity, real estate, and yes, even cryptocurrency. Related Reading: If Bitcoin ...Bitcoinist
Thu, Aug 7
Cryptocurrencies
Dubai Sets Global Precedent As VARA Approves First Crypto Options License
Dubai has officially cemented its position at the forefront of global crypto regulation. This bold regulatory step positions Dubai as a global trailblazer in shaping the future of institutional crypto markets and blending innovation with compliance. As jurisdictions around the world debate how to ha...NewsBTC
Thu, Aug 7
Stocks
Owlet (OWLT) Q2 Revenue Jumps 26%
Key PointsRevenue (GAAP) exceeded analyst expectations by 17.7%, reaching $26.1 million in Q2 2025, primarily driven by higher sales of Dream Sock and Dream Duo products.Gross margin rose to 51.3% in Q2 2025, up 1.8 percentage points from the prior year, reflecting improved mix and cost control.Full...The Motley Fool
Thu, Aug 7
Commodities
Argentina's YPF Q2 profit slumps nearly 90% on lower fuel prices
By Natalia Siniawski Aug 7 (Reuters) - Argentina's state-controlled energy company YPF YPFDm.BA on Thursday reported a nearly 90% plunge in second-quarter net profit to $58 million, dragged down by lower fuel prices.Revenues dropped 6% from a year earlier to $4.64 billion, as softer prices fo...Reuters
Thu, Aug 7
Stocks
Expedia raises gross bookings, revenue growth forecasts amid US travel demand recovery
Aug 7 (Reuters) - Expedia EXPE.O raised its annual forecast for gross bookings and revenue growth on Thursday, amid a recovery of demand in the United States, sending the online travel company's shares up more than 17% in extended trading.The Seattle-based company now expects, both, its gross bo...Reuters
Thu, Aug 7
Cryptocurrencies
Trump signs order broadening access for alternative assets in 401(k)s
Proponents say investors will have access to new assets with higher returnsCritics warn of increased risk and litigation concernsBlackRock plans new fund with private equity and credit assetsBy Isla Binnie and Nandita Bose WASHINGTON, Aug 7 (Reuters) - U.S. President Donald Trump signed an execut...Reuters
Thu, Aug 7
Stocks
Valhi (VHI) Q2 EPS Drops 96%
Key PointsGAAP earnings per share fell sharply to $0.03 in Q2 2025, well below the GAAP consensus estimate of $0.76.Operating income in the Chemicals segment dropped 74.6%, primarily due to unfavorable fixed cost absorption from reduced operating rates, higher cost inventory from the first quarter i...The Motley Fool
Thu, Aug 7
Other
Trump to host leaders of Azerbaijan and Armenia for peace signing ceremony
WASHINGTON, Aug 7 (Reuters) - U.S. President Donald Trump on Thursday said he will host the leaders of Azerbaijan and Armenia for an "an official peace signing ceremony" at the White House on Friday.In a post on Truth Social, Trump said the U.S. will also be signing bilateral economic agreem...Reuters
Thu, Aug 7
Stocks
Wynn misses quarterly estimates on weak Macau business
Aug 7 (Reuters) - Casino operator Wynn Resorts WYNN.O missed second-quarter profit expectations on Thursday, owing to sluggish Macau business.Shares of the company were down 2% in extended trading. The operator of Wynn Palace and Wynn Macau properties, saw a 9.5% fall in adjusted property operating ...Reuters
Thu, Aug 7
Other
Trump orders new census that excludes immigrants in the US illegally
Trump revisits similar push from first term in officeNext full census planned for 2030Undercounting population hurts everyone, expert saysBy Andrea Shalal WASHINGTON, Aug 7 (Reuters) - U.S. President Donald Trump on Thursday ordered the Commerce Department to begin work on a new census that exclu...Reuters
Thu, Aug 7
Other
FBI agreed to help track down Texas Democrats fleeing redistricting, US senator says
Texas Democrats' absence has blocked redistricting voteFBI has not deployed resources yet, source saysSenator Cornyn raises concerns of potential bribery, no evidence citedLegal experts are skeptical that FBI has a legitimate roleBreaking quorum is not a crimeBy Sarah N. Lynch, Jana Winter and J...Reuters
Thu, Aug 7
Cryptocurrencies
President Trump nominates Miran to Federal Reserve’s Board of Governors
US President Donald Trump has appointed Council of Economic Advisors chairman Dr Stephen Miran to temporarily fill a vacancy in the Federal Reserve’s Board of Governors. The Thursday appointment also comes amid months of pressure on Fed Chairman Jerome Powell to step down demanding the board stage a coup to lower interest rates. The Fed […]Cryptopolitan
Thu, Aug 7
