Crocs’ Ghost Office in Malta: The New Way U.S. Companies Dodge Taxes
Crocs claims all global profits from a two-person Malta office, saving $218.6 million in 2023 taxes; shares slide after report.
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Starboard Value Takes Major Stake in Shake Shack as Q2 Sales Rise but Profits Slip
Shake Shack reports 17% revenue growth and 3.5% same-store sales, but profits slip as Starboard Value builds a major position.
SolarEdge Stock Crashes Despite Strong Q2 Results as Guidance Misses
Strong Q2 results weren’t enough: SolarEdge stock plunged 24%—its worst day in 14 months—after issuing soft third-quarter revenue and margin guidance.
Bitdeer Gets “Thesis-Changing” Upgrade After $4.7B Norway AI Colocation Deal
Cantor Fitzgerald upgrades Bitdeer to Overweight on its first major AI colocation deal worth up to $8B.
Gwynne Shotwell Says Starlink Will Take Customers From Big Telecom — Stocks Drop
Starlink plans to compete directly with U.S. wireless giants. Shotwell claims better service will attract users from Verizon, AT&T and T-Mobile.
Musk Commits SpaceX to Nvidia Exclusively; AMD Feels the Pressure
Musk says SpaceX is exclusive to Nvidia’s Vera Rubin chips. The news boosts NVDA and pressures AMD after earnings.