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GameStop shares climb after CEO Ryan Cohen buys $26M stake in 1.15 million shares
GameStop CEO Ryan Cohen increased his stake by 1.15 million shares at an average price of about $22.94 per share, taking his direct holdings to 40.498 million shares. Director Alain Attal also bought 17,500 shares, adding to a wave of insider purchases. The concentrated buying has put GME back in focus for near-term trading, but weakening revenue trends and potential share dilution remain key concerns.
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Anthropic launches Claude Opus 5.5 with token prices cut 20% to $4 and $20 per million
Anthropic has released Claude Opus 5.5, pricing it at $4 per million input tokens and $20 per million output tokens, down 20% from Opus 5. The company said the model performs similarly to the more expensive Fable 5.1 on most tasks. It is Anthropic’s first model since CEO Dario Amodei called for third-party evaluations, which Article 55 of the EU AI Act has required in Europe since August 2025.
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DoorDash to pay $131.5m settlement after underpaying and delaying wages for New York City workers
DoorDash has agreed to a $131.5m settlement with New York City regulators over failures to pay gig workers fully or on time. Of that total, $83m addresses a dispute over how the company calculated pay for time workers were logged on the app waiting for orders, while systemic errors left about $6.6m in wages unpaid and another $5.7m paid days or weeks late. DoorDash said the problems stemmed from “complex” changes to New York state minimum-wage rules introduced in 2023 and said the issues affected under 1% of overall local transactions.
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3 گھنٹے پہلے
India sugar prices retreat from Rs 65/kg peak as retail relief lags mills
Sugar prices in India have eased after jumping to Rs 65/kg in August, with ex-mill rates down nearly 25% and retail prices falling by around 10% to about Rs 58.50/kg. The average retail price stood at Rs 58.02/kg on Tuesday, up 25% year on year but down 3% from last month, according to the Department of Consumer Affairs’ Price Monitoring Cell. Industry estimates show 2025-26 sugar output fell 27% to around 28.1 MT, while the pace of declines has varied across the supply chain.
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4 گھنٹے پہلے
SoFi shares rise 5% after stablecoin settlement goes live across its bank card program
SoFi Technologies said stablecoin settlement is now live across SoFi Bank’s debit and credit card program, using Mastercard’s network and moving its card settlement toward SoFiUSD. The company said the setup extends SoFiUSD-based payments to merchants, with a target of covering more than $25 billion in payment volume. Membership reached 15.8 million, and lending adjusted net revenue rose 59% year over year. Analysts tracked by TipRanks have an average 12-month price target of $20.67, implying about 22% upside versus Monday’s close.
4 گھنٹے پہلے
4 گھنٹے پہلے
Oracle cloud infrastructure layoffs cut 546 roles in the Americas unit
Internal documents obtained by Business Insider show Oracle cut 546 jobs in its Americas cloud infrastructure organization, about 7.6% of the 7,185 employees listed, with software developers accounting for roughly 17% of the roles eliminated. Oracle previously disclosed that its headcount fell by 21,000 employees, or 13%, in the 2026 fiscal year ended May 31, and said it had 141,000 employees before the latest round of layoffs. The cuts drew attention because Oracle reported quarterly revenue in its cloud infrastructure organization surged 121% year over year.
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