Macy's Turnaround Takes Hold: Strong Q2 and Lifted Outlook
Macy's reports its first same-store sales growth in 12 quarters, beats Q2 earnings expectations, and raises full-year guidance, signaling its turnaround strategy is gaining traction.
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TVA, ENTRA1, and NuScale Power Announce Landmark 6 GW Nuclear Expansion
TVA, ENTRA1, & NuScale partner for 6 GW SMR nuclear expansion to power 4.5M homes or 60 data centers. This public-private initiative boosts energy security, meets soaring demand from AI/tech, and validates NuScale's SMR technology.
Google-Apple Search Deal Survives Antitrust Challenge, Paving Way for AI Collaboration
Judge upheld Google's $20B Apple search deal, avoiding Chrome sale. Google must share search data & end exclusive contracts, a win for both boosting shares. Paves way for AI collaboration, but DOJ weighing options.
Figure Technologies Gears Up for $4.13 Billion IPO Launch
Figure Technologies targets a $4.13B IPO, offering shares at $18-$20. The blockchain lender, co-founded by Mike Cagney, uses AI for loans, funded $16B+ on blockchain, and swung to profit. Listing on Nasdaq as "FIGR." IPO expected Sept 10.
US Chip Controls Expand to TSMC in China
The US revoked VEU status for TSMC, Samsung, & SK Hynix's China facilities, ending blanket permissions for chip production gear. This shifts to individual licenses, creating supply chain uncertainty & aiming to limit China's AI prowess. Waivers expire by Dec 2025 or sooner.
Elliott Management's $4 Billion PepsiCo Stake: Pressure Mounts for Strategic Overhaul
Elliott Management's $4B PepsiCo stake pushes for strategic changes to boost its sagging share price. PepsiCo faces struggles in beverages (market share loss) and food (slowed growth), prompting calls for refranchising or a cost structure rethink.