SpaceX falls after higher AI spending in post-IPO earnings
Elon Musk’s satellite, space and AI conglomerate reported revenue of US$7.8 billion
We haven't written up this one. Financial Post has the full story — the link below goes straight to it.
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Chinese Yuan: Strengthening toward 6.7300 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang sees USD/CNH trading slightly higher within a developing range, with intraday levels expected between 6.7500 and 6.7620.
Compass Shares Jump on Cost Savings, Transaction Growth
Compass Inc. shares jumped as much as 15% in post-market trading after the real estate services firm said cost savings from the acquisition of competitor Anywhere were progressing ahead of schedule.
SpaceX says its Q2 capex was $18.4B, up from $2.8B a year ago, including $15.8B for AI (Micah Maidenberg/Wall Street Journal)
SpaceX laid out $18.4 billion in capital investments during the April-to-June quarter, with most of the spending supporting artificial-intelligence efforts. — In its earnings report Tuesday …
Lucid begins 'operational reset' as CEO says EV maker will delay midsize vehicle
The company didn't provide updated guidance. New CEO Silvio Napoli earlier this year suspended production expectations.
Even Big Profits Aren’t Enough to Keep Chip Investors Happy
The semiconductor index fell into a bear market despite “unprecedented” profit increases.
Stocks face their weakest seasonal stretch. Why extreme investor pessimism could limit any selling.
U.S. stocks are entering what has historically been the weakest stretch of the year, but unusually bearish investor sentiment could help limit any pullback, according to Ned Davis Research.