16m ago
Ark Invest cuts $4.4 million in crypto-linked stocks, adds Coinbase and Circle holdings
ARK Invest reduced roughly $4.4 million in crypto-related equities on Wednesday, trimming Bitmine, Block, Robinhood and Bullish. Over the previous three trading days, the firm accumulated about $43.5 million of Coinbase and Circle shares. The moves reflect portfolio rebalancing rather than any change in company fundamentals or a regulatory development. As a result, they are not viewed as a standalone market catalyst.
16m ago
20m ago
Intel posts $16.1 billion Q2 revenue, up 25% in strongest growth in over 15 years
Intel released its second-quarter results on July 23, 2026, reporting revenue of $16.1 billion, up 25% year over year and its strongest quarterly growth in 15 years. The figure sharply exceeded the market expectation of $14.4 billion. Data Center and AI (DCAI) revenue rose 59% to $6.3 billion, while Client Computing revenue increased 13% to $8.9 billion. The results point to a marked improvement in the fundamentals of Intel’s core legacy asset, INTC stock.
20m ago
30m ago
Shenzhen Pagoda posts profit of 20 million yuan or more in 2026 H1 after store cuts, with revenue up 7%
Shenzhen Pagoda, one of China’s leading fruit retailers, said it expects to earn a profit of 20 million yuan or more in the first half of 2026, turning around from a 342 million yuan loss in 2025 H1, while revenue rose 7%. The reversal follows cost controls and the closure of 1,625 stores from 2023 to 2025, alongside a recovery in gross margin from a prior low of 7.3%. The company is not listed and has no direct A-share or Hong Kong-listed proxy. Its improvement has been framed as comparable to retail cost-discipline benchmarks such as Costco, with COST cited as a related comparable asset.
30m ago
1h ago
Universal Music Group posts €3,294 million Q2 2026 revenue, up 10.5% year on year
Universal Music Group (UMG) reported second-quarter 2026 revenue of €3,294 million, up 10.5% year on year, or 13.3% in constant currency. The company said the increase was supported by the consolidation of Downtown Music Holdings, pricing benefits from Streaming 2.0 agreements, and strong physical, licensing and other sales. For the first half of 2026, revenue rose to €6,194 million, up 5.3% year on year, or 10.8% in constant currency. Adjusted EBITDA for Q2 2026 was €674 million, down 0.3% year on year, while the adjusted EBITDA margin fell 2.2pp to 20.5%.
1h ago
1h ago
Fusion Klassroom raises Rs 11.08 crore from anchor investors ahead of Rs 39.04 crore SME IPO opening July 31
Mumbai-based edtech firm Fusion Klassroom Edutech has raised Rs 11.08 crore from six anchor investors ahead of its IPO. The Rs 39.04 crore offering is priced at Rs 159 per share, with about 6.96 lakh shares allocated to anchor investors. The public issue will open for subscription from July 31 to August 4. The company’s shares are proposed to list on the BSE SME platform on August 7.
1h ago
1h ago
Flutter Entertainment to end London Stock Exchange listing after 25+ years as group pivots to New York
Flutter Entertainment will delist from the London Stock Exchange at 8am on Monday, bringing to an end more than 25 years of trading in London. The move reflects the group’s shift toward the US, where its FanDuel arm is a market leader and generated about 42% of group revenue last year. Flutter completed a secondary listing on the New York Stock Exchange in January 2024, and shareholders later backed making New York its primary listing with 98% support. The change is a shift in listing venue rather than a development tied to traditional asset-price fundamentals.
1h ago
1h ago
Norwegian Cruise Line shares slide Thursday as revenue misses estimates and fuel costs jump 39.5%
Norwegian Cruise Line (NCLH) reported quarterly revenue of $2.641 billion, up 4.9% year over year but slightly below the $2.643 billion consensus estimate. GAAP net income rose to $222.6 million, while operating income fell 14.3% to $363.3 million. Fuel expense increased 39.5% to $219 million, adding to cost pressure. Despite adjusted EBITDA coming in above guidance, the stock fell on Thursday as investors focused on weaker operating profitability and higher costs.
1h ago