Why SoFi’s stock drops, even after its earnings beat expectations
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Finance & markets
Cotton Falls on Wednesday
Cotton futures were falling on Wednesday with contracts down 70 to 106 points at the final bell. Crude oil prices were down 66 cents/barrel, with the US dollar index back down $0.404 to $98.755.
OpenAI CFO Sarah Friar tells employees that annualized revenue in July topped all of Q2
As OpenAI chases rival Anthropic in the enterprise and tries to sustain growth in the face of new competition from cheaper open-source alternatives, the artificial intelligence company is seeking to reassure staffers th…
Soybeans Collapse on Wednesday, as Forecasts Remain Wet
Soybeans posted losses of 13 ½ to 34 cents on Wednesday, with front months leading the charge. The cmdtyView national average Cash Bean price was 31 3/4 cents lower at $11.46 ¼. Soymeal futures were $2.50 to $5.00 lower…
Coffee Prices Retreat as Brazilian Real Weakness Spurs Long Liquidation
September arabica coffee (KCU26) on Wednesday closed down -13.60 (-4.01%), and September ICE robusta coffee (RMU26) closed down -104 (-2.68%).
Soybeans Collapse on Wednesday, as Forecasts Remain Wet
Soybeans posted losses of 13 ½ to 34 cents on Wednesday, with front months leading the charge. The cmdtyView national average Cash Bean price was 31 3/4 cents lower at $11.46 ¼. Soymeal futures were $2.50 to $5.00 lower…
Earnings call transcript: Perseus Mining posts record cash flow in Q4 2026
Perseus delivers strong operational performance with cash & bullion increased to US$1 billion
UFP Industries (UFPI) Surpasses Q2 Earnings and Revenue Estimates
UFP Industries (UFPI) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.7 per share a year ago. These figures are adjusted for …
Stocks Plunge on a Rout in Chipmakers and a Hawkish Fed Hold
The S&P 500 Index ($SPX) (SPY) on Wednesday closed down -1.52%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -2.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.06%. September E-mini S&P futures …
U.S. strikes Iran after surprise missile attack, dashing hopes of de-escalation
The U.S. forces began launching strikes against Iran at 8 p.m. Wednesday stateside, retaliating against Iranian missile attacks on American forces in the region, raising the specter of escalating conflict after a brief …
Zuckerberg lays out Meta's AI capacity dilemma: What to sell vs. what to keep
As Meta gobbles up land to construct massive AI data centers, CEO Mark Zuckerberg says there's a balancing act when it comes to deciding whether to sell excess capacity or to preserve it.
Tourmaline Oil Corp. (TRMLF) Q2 Earnings and Revenues Miss Estimates
Tourmaline Oil Corp. (TRMLF) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjus…
Carvana stock falls 15% as auto retailer's 2026 earnings guidance misses Wall Street's expectations
Shares of Carvana fell drastically during after-hours trading Wednesday after the company reported full-year guidance that failed to meet some of Wall Street's expectations for the auto retailer.
Robinhood puts up record revenue as volatility drives a trading bonanza
Tesla stock got crushed, while Lockheed Martin and SK Telecom were among the week’s winners.
A game of straits
On July 20, Yemen's Houthi rebels declared a naval blockade against Saudi Arabia, widening the front of the US-Iran war. Three days later, strikes on two Saudi tankers in the Red Sea pushed Brent above $100 per barrel f…
Qualcomm to raise prices during memory crunch as chipmaker issues light earnings guidance
Qualcomm reported fiscal third-quarter earnings on Wednesday that were in line with analyst expectations, but it provided light guidance for current-quarter earnings on in-line revenue, blaming the ongoing supply crunch…
What a divided Fed means for investors
The Fed opted to hold interest rates steady at the second meeting led by Chairman Kevin Warsh. But between his commentary about inflation and the dissenting coalition of policymakers, investors are growing increasingly …
Chipotle hikes same-store sales forecast as diners return for burrito bowls
Chipotle Mexican Grill on Wednesday raised its same-store sales growth forecast for the year after topping analysts' quarterly earnings and revenue expectations.
Starbucks stock jumps as coffee giant raises full-year outlook
Starbucks on Wednesday raised its full-year outlook after reporting its fourth straight quarter of same-store sales growth.
Notable Wednesday Option Activity: FICO, AVTR, CPS
Avantor Inc (Symbol: AVTR) saw options trading volume of 59,145 contracts, representing approximately 5.9 million underlying shares or approximately 56.5% of AVTR's average daily trading volume over the past month, of 1…
Frontier forecasts third-quarter profit above estimates on higher airfares, easing competition after Spirit’s exit
July 29 (Reuters) - Ultra-low-cost carrier Frontier Airlines on Wednesday forecast third-quarter earnings above Wall Street estimates, betting on stronger pricing power following rival Spirit's exit to help mitigate hig…
Dollar Little Changed Ahead of FOMC Meeting Results
The dollar index (DXY00) is down by -0.02% today. The dollar recovered from overnight losses and is little changed after crude oil prices surged more than +6% when President Trump said the US will "hit Iran hard" after …
Cocoa Prices Consolidate Above This Week’s Lows
September ICE NY cocoa (CCU26) today is down -48 (-0.92%), and September ICE London cocoa #7 (CAU26) is down -14 (-0.36%).
Jim Cramer says this post-earnings sell-off is a golden buying opportunity
And I think American Express (AXP) investors have been handed the latter. The payments giant beat earnings expectations, raised its full-year revenue guidance, and reported its strongest card member spending growth in t…