Block Inc. CEO Jack Dorsey revealed a new location chat feature for his decentralized messaging application Bitchat on Thursday, August 21, allowing users to "teleport" anywhere in the world.
The Oracle of Omaha is paring down his No. 1 holding, yet again, in favor of a company that's delivered a nearly 48,000% total return since it went public.
This decision marks a significant departure from their previous approach, where they largely bore the financial burden of these tariffs themselves to maintain competitive pricing in the American market.
Nvidia (NASDAQ: NVDA) CEO Jensen Huang praised Taiwan Semiconductor Manufacturing Co. (NYSE: TSMC) and suggested that investing in the company would be a wise move.
The company is expanding capacity with a new aerospace facility in the Uttar Pradesh Defence Corridor and has signed an MoU with Kineco Aerospace & Defence to co-develop advanced components.
Aptorum Group Limited (NASDAQ: APM) shares dropped 33.18% in Friday's pre-market trading after soaring 234.65% the previous session, driven by DiamiR's test approval and merger news, with trading volume far above average.
Market breadth continues to erode as short-term participation metrics decline for the third day in a row. While long-term structural indicators remain stable, short-term deterioration suggests caution heading into the final sessions of the week.
According to Tyler Radke, a senior Citigroup equity analyst, Palantir Technologies Inc.'s (NASDAQ: PLTR) lofty valuations are difficult to justify despite its robust second-quarter performance.
Ira Epstein covers the latest developments in the SPDR ETF stock market wrap-up for August 21, 2025, focusing on the anticipated speech by Fed Chair Powell at the Jackson Hole Symposium, where he expects Powell to maintain a neutral stance.
The Japanese Yen (JPY) slides to a three-week low against its American counterpart during the Asian session on Friday and fails to gain any respite following the release of domestic inflation figures.
Markets dipped Thursday as Coty issued a dismal forecast, Gilead faced headwinds with its new HIV drug, and investors turned cautious ahead of Fed Chair Powell’s Jackson Hole speech. Solid PMI data complicated the interest rate outlook, stalling hopes for imminent rate cuts.
Security and healthcare technology company OSI Systems (NASDAQ:OSIS) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 5% year on year to $505 million. The company’s full-year revenue guidance of $1.83 billion at the midpoint came in 2% above analysts’ estimates. Its non-GAAP profit of $3.24 per share was 1.6% above analysts’ consensus estimates.
Commercial lighting and retail display solutions provider LSI (NASDAQ:LYTS) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 20.2% year on year to $155.1 million. Its non-GAAP profit of $0.34 per share was 41.7% above analysts’ consensus estimates.
Specialty food company The Marzetti Company (NASDAQ:MZTI) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 5% year on year to $475.4 million. Its non-GAAP profit of $1.34 per share was in line with analysts’ consensus estimates.
Technology distribution company ScanSource (NASDAQ:SCSC) announced better-than-expected revenue in Q2 CY2025, with sales up 8.9% year on year to $812.9 million. The company’s full-year revenue guidance of $3.2 billion at the midpoint came in 1.5% above analysts’ estimates. Its non-GAAP profit of $1.02 per share was 10.5% above analysts’ consensus estimates.
Flowers Foods’ second quarter drew a negative market reaction, as revenue missed Wall Street estimates and margins declined year over year. Management pointed to increased competition in the bread aisle, especially from new, lower-priced entrants, as well as sustained softness in traditional loaf products. CEO Ryals McMullian described the current period as a “transition” driven by evolving consumer trends, including heightened attention to health and wellness and shifting attitudes toward processed foods. Management emphasized that, while some premium and value segments performed well, weakness in the core traditional loaf category weighed on overall performance.
Chinese AI startup DeepSeek has launched its upgraded V3.1 model with support for domestic chips, highlighting Beijing's push to reduce reliance on U.S. giants like Nvidia while advancing its own AI ecosystem.
Bank of America’s downgrade to ‘Underperform’ with a $7 target deepened concerns over Sanofi’s limited commercialization of Nuvaxovid and higher hurdles for future partnerships.
