Nets Corp’s Stock Experiences Significant Growth on Nasdaq
11 minutes ago
Netskope’s stock surged by over 20% during its debut on Nasdaq.
The cybersecurity firm launched its shares at $23 on Wednesday, having priced an initial public offering of 47,800,000 shares at the high end of the range—$19.
Currently, the stock has climbed to around $24, recently trading at $23.70.
Peter Thiel-Backed Crypto Platform Sees Bullish Surge
51 minutes ago
Bullish (BLSH) stock rose sharply after a cryptocurrency exchange, supported by billionaire Peter Thiel, announced an increase in earnings driven by higher sales and trading volumes.
The firm reported a net income of $18.3 million for the second quarter, translating to $0.93 per diluted share, a significant turnaround from the previous loss of $116.4 million or $1.03 per share. Sales from digital assets surged by 18% to $58.6 billion, while trading volume increased by 35% to $179.6 billion.
CEO Tom Farley expressed satisfaction with the results, stating that achievements from the second quarter have fueled strong momentum into the third quarter.
The company anticipates trading volumes and adjusted net income for the current quarter to be between $12 million to $17 million and $133 billion to $142 billion, respectively.
Overall, stock prices rose by 12% during recent trading, although Bullish had initially fallen about 10% since its debut in the previous month.
Darden Restaurants Faces Decline as Benefits for Olive Garden Parents are Reduced
1 hour 36 minutes ago
Darden Restaurants (DRI) struggled, becoming the worst performer on the S&P 500 this Thursday as its stocks dipped 9%.
They announced adjusted earnings of $1.97 per share, slightly below analyst expectations of $2.01 per share, though sales were marginally better than anticipated.
This decline leaves Darden’s shares with only a 1% rise for the year.
Cracker Barrel Experiences Backlash Due to Logo Change and Store Adjustments
2 hours 8 minutes ago
Cracker Barrel Old Country Store (CBRL) saw its stock drop on Thursday following criticism over location updates and logo changes.
Shares recently fell about 3%, continuing a downward trend since the year’s beginning. For the fourth quarter of 2025, the company reported adjusted earnings per share of $0.74.
Revenue declined 3% to $868 million, though this was still above estimates. Sales at similar store restaurants rose by 5.4%, yet retail sales in those same stores dropped by 0.8%.
CEO Julie Masino mentioned that after facing significant backlash, the company has reinstated its “old timer” logo, halted modifications, and is focusing more on enhancing customer experience.
Masino projected an 8% decline in traffic if trends continue similarly for the current quarter.
Novo Nordisk Sees Stock Surge Following Positive Ozempic Data
2 hours 37 minutes ago
Novo Nordisk (NVO) shares in the U.S. jumped by 5% after the Danish firm revealed that its weight loss drug, Ozempic, offers better results than a competitor’s product from Eli Lily (LLY).
Ozempic was associated with a 23% lower risk of heart attack, stroke, and death among 23% of Medicare patients with type 2 diabetes.
Eli Lilly’s stock also reacted positively, rising by 1% soon after the market opened.
Nvidia Makes Significant Investment in Intel, Amounting to $5 Billion
3 hours 35 minutes ago
Nvidia (NVDA) announced a $5 billion investment in Intel as they plan to collaboratively develop chips aimed at both PCs and data centers.
The chip designer, central to the AI surge, confirmed it would purchase Intel shares at $23.28 each. The announcement about their partnership spiked Intel stocks by 28% in pre-market trading, with Nvidia up by 3% as well.
Under this partnership, Intel will craft customized chips for data centers that NVIDIA will integrate into its AI infrastructure, along with developing PC chips with “NVIDIA RTX GPU Chiplets.”
Nvidia’s CEO, Jensen Huang, referred to this as a “historical collaboration,” emphasizing its importance in shaping the next computing era.
Intel’s CEO, Lip-Bu Tan, emphasized that their strong platforms combined with advanced technology will bolster NVIDIA’s AI development.
Once a leading chip manufacturer, Intel has faced challenges keeping up with competitors like TSMC and has been pushed to become a national leader in AI chip production.
US Stock Futures Rise Amid Expectations of Further Fed Rate Cuts
4 hours and 30 minutes ago
Futures contracts tied to the Dow Jones industrial average increased by 0.6%.
S&P 500 futures moved up by 0.8%.
Meanwhile, NASDAQ 100 contracts saw a rise of 1.1%.
