Business

Starbucks shares SBUX climbed about 6% in premarket trading on Thursday after the coffee chain raised its full-year outlook and delivered stronger-than-expected quarterly earnings, reinforcing investor confidence that Chief Executive Brian Niccol’s turnaround strategy is beginning to deliver measurable results. The company reported its fourth consecutive quarter of comparable sales growth, extending the momentum built

Flowra, an orderflow auction and validator infrastructure platform for Solana, has partnered with compliance infrastructure provider Honeypot to integrate sanctions and risk screening into the block-building process. According to the companies, the collaboration combines Honeypot’s compliance tools with Flowra’s Programmable Block Policy (PBP), allowing validators to define rules governing which transactions and bundles can be

Rocket Lab’s stock price has remained under intense pressure this week, falling to a key technical support level. After surging to a record high of $151 ahead of the SpaceX IPO, the stock has tumbled about 61% to around $58.60 as investors continue to take profits and reassess growth expectations.  With the company set to

US stocks opened higher on Thursday as investors weighed fresh economic data, strong corporate earnings and easing inflation pressures following the previous session’s sharp market sell-off.  Optimism surrounding Microsoft’s quarterly results helped improve sentiment toward artificial intelligence investments, although concerns over spending remained after Meta Platforms reported a sharp decline in free cash flow. The

Oobit has introduced contactless ATM cash withdrawals, allowing verified users to access physical cash directly from their crypto balances without a physical card or bank account. The new feature expands the Tether-backed payments platform’s crypto spending capabilities beyond digital and point-of-sale transactions, offering users another way to access their digital assets. The service is available

The US economy expanded at a slower-than-expected pace in the second quarter while inflation remained well above the Federal Reserve’s target, underscoring the difficult balancing act facing policymakers after they opted to keep interest rates unchanged this week. Gross domestic product, the broadest measure of economic activity, rose at an annualized rate of 1.5% between

Arm Holdings shares climbed about 8% in trading on Thursday after the British chip designer reported fiscal first-quarter results that topped Wall Street expectations and issued stronger-than-expected guidance.  Analysts broadly welcomed the results, highlighting accelerating demand for Arm’s artificial intelligence-focused processor roadmap despite continued supply constraints. The company reported fiscal first-quarter revenue of $1.29 billion,

Adidas shares plunged as much as 19% on Thursday, putting the German sportswear giant on course for its biggest one-day decline on record after higher marketing costs linked to the FIFA World Cup overshadowed record quarterly sales and a solid rise in earnings. The company reported net profit from continuing operations of €398 million for

Nvidia stock (NVDA) rebounded around 3% on Thursday as strong results from Microsoft reignited optimism around artificial intelligence infrastructure spending, lifting semiconductor stocks after a week of heavy selling. The stock traded around $195.50 in early trading. Intel rose about 12%, while Advanced Micro Devices gained roughly 13%. The broader market also advanced after Wednesday’s

Nebius Group (NBIS) shares are soaring on Thursday morning after the company said a Vera Rubin compute rack has officially gone live at its data center facility in Mäntsälä, Finland. As investors cheer the announcement, NBIS is challenging its 20-day moving average (MA), with a decisive break above the $197 level expected to sustain bullish