How AI’s Most Celebrated Hedge Fund Imploded in Just 30 Days
How the most celebrated fund in artificial intelligence sold its entire listed book to a competitor, and what the wreckage says about the rest of us.
Markets
Haverty Furniture A earnings missed by $0.03, revenue topped estimates
Investing.com - Haverty Furniture A (NYSE: HVTa) reported second quarter EPS of $0.25, $0.03 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $194.9M versus the consensus estimate of $189.28M.
S&P 500 Technical Reset Clears the Path for Fundamentals
Oil prices turn lower as Bessent says U.S. may have Iran deal "today or tomorrow"
Wayfair posts strongest U.S. growth since 2020
Wayfair on Tuesday said it saw its strongest growth in the U.S. and best free cash flow since the pandemic during its second quarter, as the online furniture company continues to take market share from legacy brick-and-…
The trade-off of graduating college early: No debt, but no job?
Federal borrowing limits for college have been reduced, forcing more borrowers to turn to private student loans to bridge the financing gap. Most college students have a thin or nonexistent credit file, though, which ca…
The stock market’s brutal summer reset is finally over. Here is why Citadel Securities says it is time to buy again.
Citadel Securities strategist Scott Rubner said markets have gotten a “technical reset” and is ready to recommend buying stocks again.
I got two email invitations from friends. Is this a phishing scam — or am I suddenly popular?
Without much thought, you click on it because it seems reasonable. However, a few hours later, your crypto balance suddenly decreases for no apparent reason. That’s when you realize you’ve been the victim of a WhatsApp …
Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges
Merck on Tuesday beat second-quarter estimates and hiked its revenue outlook, as a slate of new products showed strong growth.
Harmony Bio earnings beat by $0.40, revenue topped estimates
Investing.com - Harmony Bio (NASDAQ: HRMY) reported second quarter EPS of $1.28, $0.40 better than the analyst estimate of $0.88. Revenue for the quarter came in at $261.28M versus the consensus estimate of $242.14M.
Spotify's higher spending on marketing, AI features to hit profit
Aug 4 (Reuters) - Spotify said higher marketing and development costs would hurt its profit in the current quarter as the Swedish music-streaming giant bets heavily on features powered by AI to attract users.
First Watch Restaurant earnings missed by $0.01, revenue topped estimates
Investing.com - First Watch Restaurant (NASDAQ: FWRG) reported second quarter EPS of $0.04, $0.01 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $354.67M versus the consensus estimate of $3…
Nexpoint Residential Trust Inc earnings beat by $0.04, revenue topped estimates
Investing.com - Nexpoint Residential Trust Inc (NYSE: NXRT) reported second quarter EPS of $-0.34, $0.04 better than the analyst estimate of $-0.38. Revenue for the quarter came in at $64.6M versus the consensus estimat…
Company News for Aug 4, 2026
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of …
Trump warns Iran talks are ‘last chance’ to end war — oil prices rise as Tehran denies negotiations
President Donald Trump has warned that the latest round of negotiations with Iran is the "last chance" to bring an end to the five-month conflict.
‘I’m easing into retirement’: I’m getting an $80,000 pension payout. Where can I invest it safely?
Show me a 70 year old couple (with a 25 year or more time horizon) that is only 38% in equities, and I'll show you a couple getting ravaged by inflation and working at Walmart by their mid
McDonald's earnings beat estimates, chain announces new U.S. head to accelerate growth
McDonald's on Tuesday reported mixed quarterly results as same-store sales growth in the U.S. slowed.
BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’
Britain's BP on Tuesday reported a sharp upswing in second-quarter profit, as energy supermajors reap massive profits from higher fossil fuel prices amid hostilities between the U.S. and Iran.
Oil profits boom on ‘war bonus’ as Trump blasts energy giants for ‘making too much money’ - business live
While oil company profits soar, farmers across Europe are warning of a slump in food production and rising prices as crops suffer as a result of extreme heat, drought and wildfires.
Palantir jumps 16% on 'otherworldly' commercial revenue — here's what's driving the demand
Palantir soared in premarket trading on Tuesday after the company reported "otherworldly" second-quarter earnings driven by customer demand for AI sovereign tools.
Oil prices rise after vessel reports being hit in Strait of Hormuz
You can read our continuous live coverage on Iran, along with comprehensive reports and analysis, at this link.
The Magnificent Seven companies just did something they haven’t since ChatGPT was first released
Don Lemon, the former CNN anchor, was arrested today. Targeting journalists is not about enforcing the law, but shaping reality. History reflects a brutal truth: When you begin arresting journalists, your nation becomes…
Bull of the Day: Invesco (IVZ)
Asset management stocks have quietly emerged as one of the stronger areas of the financial sector this year, benefiting from rising equity markets, resilient investor demand for exchange-traded funds (ETFs), and improvi…
Bear of the Day: DSV (DSDVY)
The transportation and logistics market has experienced a volatile operating environment this year as geopolitical tensions, elevated energy prices, and uneven global trade activity have complicated execution across sup…
Form 4 East West Ave Acquisition Corp. For: 3 August
East West Ave Acquisition Corp. (NASDAQ: EWAVU) priced its initial public offering of 10,000,000 units at $10.00 per unit, for gross proceeds of $100 million. The units are expected to begin trading on the Nasdaq Global…