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Samsung's 19-Fold Profit Surge Fails to Stop 10% Stock Drop

Asian technology stocks came under pressure after Samsung Electronics (SSNLF), the world's largest memory chipmaker, reported quarterly profit that surged 19-fold on strong AI demand but exceeded analyst estimates by only 6%. Investors appeared to use the results as a reason to take profits after a…

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Micron Bet Powers Appaloosa's Big First Half

Micron Technology NASDAQ:MU helped power a 32% first-half surge for David Tepper's Appaloosa Management as hedge fund gains clustered around AI memory stocks.Bloomberg reported that Appaloosa, which manages about $23 billion, generated all of its gains in Q2, driven by bets on Micron, Samsung Elect…

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zacks

Are Options Traders Betting on a Big Move in Acadia Healthcare Stock?

Investors in Acadia Healthcare Company, Inc. ACHC need to pay close attention to the stock based on moves in the options market lately. That is because the Sept. 18, 2026 $5 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility sho…

Zacks en_IN
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NEWS gurufocus

Bain-Backed York Weighs M&A Ahead of Planned 2028 IPO

York Holdings, the Japanese supermarket and stores business acquired by Bain Capital from Seven & i Holdings (SVNDY) last year, is preparing for a more active expansion phase as the retailer weighs potential mergers and acquisitions if attractive targets become available. Naofumi Nishi, a York dire…

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StocksJP
NEWS tmx_newsfile

Trans Mountain Reaches Settlement Agreement with Shippers

Calgary, Alberta--(Newsfile Corp. - July 7, 2026) - Trans Mountain Corporation ("Trans Mountain") announced today that it has filed a negotiated Settlement with the Canada Energy Regulator ("CER") covering tolling, tariff and service-related matters on the Trans Mountain Pipeline System ("System"…

TMX Newsfile en_IN
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JPMorgan Cuts Yuan Bets Despite 3% Gain, Eyes New Currency Winners

JPMorgan Asset Management NYSE:JPM, the $4.3 trillion global money manager, has trimmed its long yuan positions against the dollar in recent weeks as the currency's earlier strength begins to lose momentum. Julio Callegari, the firm's chief investment officer for Asia fixed income, said the move re…

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Forex
trading-economics

Costa Rica Extends Deflation in June

Costa Rica's consumer prices fell 0.32% year-on-year in June 2026 after declining 0.97% in May, extending the country's deflationary trend.The largest price declines were recorded in food and non-alcoholic beverages (-3.7%), clothing and footwear (-2.3%), and furniture and household services (-1.6…

Trading Economics en_IN
Economy

Vertex Pays $10 Billion to Enter Rare Endocrine Disease

Vertex Pharmaceuticals NASDAQ:VRTX fell 0.30% in premarket after the cystic fibrosis and pain drug maker announced an all-cash acquisition of Crinetics Pharmaceuticals NASDAQ:CRNX, a San Diego-based specialty endocrinology company, for $85 per share, or $10 billion in equity value and $8.8 billion…

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gurufocus

Palantir Expands Mexico Insurance Deal

Palantir Technologies NASDAQ:PLTR expanded its partnership with Mexico's largest insurer, GNP Seguros, as the software company pushes its AI platform deeper into insurance operations.GNP Seguros is expanding its use of Palantir's technology across claims fraud detection, underwriting, claims proces…

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StocksMX
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Oracle Cloud Revenue Could Beat Fiscal 2027 Estimates

Oracle (ORCL, Financials), a business software and cloud computing company known for its database technology and enterprise systems, could see stronger-than-expected cloud revenue in fiscal 2027, according to Piper Sandler.The firm believes Oracle's heavy spending on cloud infrastructure could star…

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StocksUS
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Broadcom Stock Drops After Bank Downgrades AI Chip Giant on Valuation

Broadcom NASDAQ:AVGO shares fell about 3% on Tuesday after Erste Group downgraded the semiconductor company to Hold from Buy, saying its premium valuation already reflects much of its positive business outlook.Erste Group said Broadcom is expected to maintain strong gross and operating margins, but…

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Palantir Expands AI Deal With Mexico's GNP Seguros

Palantir Technologies (PLTR, Financials), a software company known for helping businesses and governments analyze large amounts of data, has expanded its agreement with Mexican insurer GNP Seguros.GNP Seguros, Mexico's largest insurance company, is using Palantir's artificial intelligence platform…

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StocksMXUS
NEWS acceswire

Building An Enduring Company: Covia Releases 2025 Corporate Responsibility Report

NORTHAMPTON, MA / ACCESS Newswire / July 7, 2026 / Covia Holdings LLC has released its 2025 Corporate Responsibility Report, highlighting the company's commitment to responsibly providing minerals solutions for a better tomorrow while continuing to build an enduring company, the right way. For Covi…

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StocksBEUS
zacks

SailPoint and the Rise of AI Agents in Identity Security: What's Ahead?

SailPoint SAIL is leaning into one of the sharper shifts in enterprise security: access control is no longer only about employees. It increasingly includes machine identities, applications and autonomous AI agents.That changes the role of identity security. As AI moves from experimentation to produ…

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