Your Next Ride Could Be in the Sky! Uber and Joby Partner for Air Travel
Joby & Uber expand their partnership to bring Blade flights to the Uber app as soon as next year.
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RaceTrac Acquires Potbelly for $566 Million
RaceTrac will acquire Potbelly for $566 million, at $17.12 per share, in an all-cash transaction. The deal, expected to close in Q4 2025, will add the iconic sandwich shop to RaceTrac's portfolio of convenience-driven brands.
Chewy's Paradox: Profit Decline Amidst Sales Growth and Customer Surge
Chewy's Q2 sales hit $3.1B, up 8.6% (consensus $3.08B), and customers grew to nearly 21M. Reported profit dropped to $62M due to $79.1M in share-based compensation. Outlook raised.
Fifth Third Bancorp Discloses Major Fraud, Faces $200 Million Hit
Fifth Third Bancorp expects a $170-$200M impairment charge in Q3 2025 due to alleged fraud at commercial borrower Tricolor, a subprime auto lender. This "surprising negative" impacts confidence in risk management.
Oracle's AI Cloud Takes Off: A Closer Look at Record Growth
Oracle shares surged as its backlog (RPO) hit a record $455B, up from $138B, due to massive AI cloud demand and multi-billion dollar contracts. CEO Catz expects RPO to exceed $500B soon. OCI revenue is projected to grow 77% this year to $18B.
Motive Scores Legal Victory Against Samsara in Patent Case
Motive Technologies won its ITC patent dispute against Samsara, with the judge ruling no infringement on fleet management and video safety tech. Most of Samsara's patent claims were invalid. A separate federal lawsuit by Samsara is ongoing.